ANTEOTECH LTD — Capital/Financing Update 2016

Mar 2, 2016

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3 March 2016

Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000

ANTEO DIAGNOSTICS Notice under section 708A(5)(e) of the Corporations Act 2001(Cth)

This notice is given by Anteo Diagnostics Ltd (ABN 75 070 028 625) ( Anteo ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act ) as modified by ASIC Class Order 08/35 ( CO 08/35 ).

On Thursday 3rd March 2016, Anteo announced the execution of an investment agreement with Bergen Global Opportunity Fund, LP. Under the Agreement, Bergen will make an initial upfront investment of US$1.5 million immediately and US$0.5 million in 120 days, each by way of an interest-free unsecured convertible security with a 24 month maturity. Bergen may also invest up to a further US$4.5 million in Anteo’s equity over the next 24 months by mutual consent of Bergen and Anteo.

Anteo advises that in connection with their investment, Bergen will be granted:

• 4,649,156 commencement fee shares ( Commencement Fee Shares );

• 7,500,000 collateral shares (together with the Commencement Fee Shares, the New Shares ) and

• 9,800,00 options to purchase fully paid ordinary shares with an exercise price of $0.089 and an expiry date being 3 years from the date of issue (Options) .

Anteo advises that:

1. The New Shares and Options were issued without disclosure to investors under Part 6D.2 of the Act as modified by CO 08/35.

2. This Notice is being given under section 708A(5)(e) of the Act as modified by CO 08/35.

3. As at the date of this notice, Anteo has complied with:

   • (a) The provisions of Chapter 2M of the Act as they apply to Anteo; and

   • (b) Section 674 of the Act; and

4. As at the date of this notice, there is no information that is “excluded information” within the meaning of sections 708A(7)and 708A(8) of the Act which is required to be disclosed by Anteo.

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