BIOXYNE LIMITED — Capital/Financing Update 2007

Mar 22, 2007

Problomics Limited ABN 97-084-464-193

Suite G09, 1 Central Avenue Australian Technology Park Eveleigh NSW 1430

$P: +61292094268$ $F: +61292094256$ W: www.probiomies.com.au

The Australian Stock Exchange Limited, Companies Announcements Office, SYDNEY Via: asxonline 23 March 2007

Dear Sirs,

The Board of Directors of Probiomics Limited (ASX code: PCC) is pleased to announce a capital raising of \$400,000 by way of a private placement of shares at \$0.035c per share to a group of 'sophisticated' investors. The placement is made pursuant to ASIC class order 02/1180.

An appendix 3B will follow shortly.

Yours sincerely,

Anopfi

Paul B Magoffin, Company Secretary