BIOTRON LIMITED — Capital/Financing Update 2017

Jun 22, 2017

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Level 2, 66 Hunter Street Sydney NSW 2000 Tel: (61-2) 9300 3344 Fax: (61-2) 9221 6333 E-mail: pnightingale@biotron.com.au Website: www.biotron.com.au

23 June 20 1 7

The Mana g er Compa n ies ASX Limi t ed 20 Bridge S treet Sydney N S W 2000

(1 page by emai l )

Dear Mad a m

NEW ISSUE OVERSUBSCRIBED

The Directors are ple a sed to ad v ise that th e Compan y 's offer of new secur i ties, as de t ailed in th e Prospectus dated 25 M ay 2017, has been w ell suppor t ed by the Company's sharehold e rs and ne w investors w ith the issue being ov e rsubscribe d .

As detaile d in the Co m pany’s A p pendix 3B – New Iss u e Announ c ement, A p plication f o r Quotatio n of Additio n al Securit i es dated 2 5 May 2017, a total o f 78,459,9 6 3 fully p a id ordinar y shares an d 78,459,963 options, e a ch to acqu i re 1 fully p aid ordina r y share at a ny time u p to 30 No v ember 201 8 for $0.06, w ill be issu e d by the C o mpany.

The Direct o rs acknow l edge the o n going sup p ort of the C ompany’s shareholde r s and new investors.

Yours sinc e rely

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Peter J. Ni g htingale Company S ecretary

pjn8962

CPS Capital Group Pty L td was th e Lead Manager and the Underwr it er to the issue.