BIOXYNE LIMITED — Capital/Financing Update 2017

Nov 14, 2017

BIOXYNE LIMITED

ABN: 97 084 464 193

REGISTERED OFFICE:

Suite 506, Level 5, 50 Clarence Street, SYDNEY, NSW, AUSTRALIA 2000 AUSTRALIA

SHARE REGISTRY: Security Transfer Australia Pty Ltd All Correspondence to: PO Box 52 Collins Street West VIC 8007

14 November 2017

T: 1300 992 916 F: +61 8 9315 2233 E: registrar@securitytransfer.com.au

Dear Option Holder

YOUR OPTIONS TO ACQUIRE BIOXYNE LIMITED SHARES AT 0.01 PER SHARE EXPIRE ON 15 DECEMBER 2017

We are writing to you as a registered holder of 15 December 2017 options in BIOXYNE LIMITED to remind you that the options will expire at 5:00pm (WST) on 15 December 2017.

Your option holding may be exercised in whole or in part by payment of $0.01 for each option by no later than 15 December 2017. If payment is not received by 5:00pm (WST) on 15 December 2017 the options will lapse and all rights under the options will cease at that time.

Some of the courses of action available to you as a holder of these soon to expire options are:

• a) Exercise the options on or before 15 December 2017.

• b) Do nothing (ie, allow your options to expire). If you do not exercise your options they will expire on 15 December 2017and your right to subscribe for ordinary shares in BIOXYNE LIMITED at $0.01 per share will lapse.

There is no obligation on option holders to exercise their options. However, under paragraph 6.1 of Appendix 6A of the Australian Securities Exchange ( ASX ) Listing Rules, the Company is required to advise option holders of the information contained in this notice.

The market sale price of ordinary shares in BIOXYNE LIMITED on ASX was 3.6 cents on 13 November 2017, being the last trading day prior to the date of this notice.

During the three (3) months preceding the date of this notice:

• the highest market sale price of ordinary shares on ASX was 5.2 cents on 18 October 2017; and

• the lowest market sale price of ordinary shares on ASX was 1.8 cents on 17 August 2017

If you wish to exercise your options then you must complete your “Notice of Exercise of Options” form on the reverse of this notice and forward it together with payment of $0.01 per option exercised to be received no later than 5:00pm (WST) on 15 December 2017 to the Company’s share registry, being:

Security Transfer Australia Pty Ltd PO Box 52 Collins Street West VIC 8007

A Bpay facility specific to your holding is provided on the form attached.

Cheques should be made payable to “BIOXYNE LIMITED” in Australian dollars only and should be crossed “Not negotiable”.

If you have any further questions please do not hesitate to contact our Registry on telephone 1300 992 916, facsimile (08) 9315 2233, or e-mail registrar@securitytransfer.com.au.

Yours faithfully

Guy Robertson COMPANY SECRETARY

NOTICE OF EXERCISE OF OPTIONS

THIS DOCUMENT IS IMPORTANT. IF YOU ARE IN DOUBT AS TO HOW TO DEAL WITH IT, PLEASE CONTACT YOUR STOCK BROKER OR LICENSED PROFESSIONAL ADVISOR.

REGISTERED OFFICE:

Suite 506, Level 5, 50 Clarence Street, SYDNEY, NSW, AUSTRALIA 2000

AUSTRALIA

BIOXYNE LIMITED

ABN: 97 084 464 193

SHARE REGISTRY: Security Transfer Australia Pty Ltd

All Correspondence to: PO Box 52 Collins Street West VIC 8007

«Post_Barcode»[«Post_zone»]

«Company_code» «Sequence_number» «Holder_name» «Address_line_1» «Address_line_2» «Address_line_3» «Address_line_4» «Address_line_5»

T: 1300 992 916 F: +61 8 9315 2233 E: registrar@securitytransfer.com.au W: www.securitytransfer.com.au

ASX Code: BXN Holder Number: Number of Options: Amount Payable:

NOTICE OF EXERCISE OF OPTIONS EXPIRING 15 DECEMBER 2017 @ $0.01 EACH

I/We the above named being the registered holder of Options hereby exercise such Options to subscribe for:

NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE	NUMBER OF NEW ORDINARY FULLY PAID SHARES AMOUNT ENCLOSED @ $0.01 PER SHARE
			,				,				$			,				,				.

I/We hereby authorise you to place my/our name(s) on the register of members in respect of the number of New Shares allotted to me/us, and I/we agree to accept such Shares subject to the Rules of the Constitution of the Company.

Individual or Securityholder 1 Securityholder 2 Securityholder 3 Sole Director & Company Secretary Director/Company Secretary Director

My/Our contact details in case of enquiries are:

NAME

TELEPHONE NUMBER ( )

EMAIL ADDRESS

PAYMENT INFORMATION

CHEQUE / MONEY ORDER

Biller code: 159483 All cheques (expressed in Australian currency) are to be made payable to BIOXYNE LIMITED and crossed "Not Negotiable". Ref: <> Do not forward cash as receipts will not be issued. Telephone & Internet Banking – BPAY[®] Contact your bank or financial institution to make this payment from your Sufficient cleared funds should be held in your account as your acceptance cheque, savings, debit, or transaction account. More info: www.bpay.com.au may be rejected if your cheque is dishonoured. ® Registered to BPAY Pty Ltd ABN 69 079 137 518 Cheques or bank drafts drawn on overseas banks in Australian or any Applicants should be aware of their financial institution's cut-off time (the time foreign currency will NOT be accepted. Any such cheques will be returned payment must be made to be processed overnight) and ensure payment is and the acceptance deemed to be invalid. processed by their financial institution on or before the day prior to the expiry date. BPAY applications will only be regarded as accepted if payment is received by the When completed, this form together with the appropriate payment should be registry from your financial institution on or prior to the expiry date. It is the forwarded to the share registry. Applicant's responsibility to ensure funds are received by the expiry date.

Your BPAY reference number is unique to these Options and is not to be used for any other offer.

BPAY PAYMENT OR THE RETURN OF THIS FORM WITH THE REQUIRED REMITTANCE WILL CONSTITUTE YOUR EXERCISING OF THE OPTIONS. You do not need to return this form if you have made payment via BPAY.

REGISTRY DATE STAMP E & O.E.

• BXNOEX151217

BXN

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