BPH ENERGY LTD — Capital/Financing Update 2009

Aug 23, 2009

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24 August 2009

The Manager Company Announcement Office Australian Securities Exchange

BIOPHARMICA LIMITED Cleansing Statement – Share Purchase Plan

BioPharmica Limited ( Company ) announced on 12 August 2009 that a shareholder share purchase plan would be offered to eligible shareholders ( SSPP ). The SSPP offer will open on 24 August 2009.

The SSPP will be offered in accordance with ASIC Class Order 09/425 ( Class Order ). It is a condition of the Class Order that the Company gives the Australian Securities Exchange ( ASX ) this notice within the 24 hour period before the SSPP offer is made.

The Company gives notice that:

• (a) the Company will make offers to eligible shareholders to subscribe for up to $15,000 worth of ordinary shares under the SSPP. The issue of shares under the SSPP will be without disclosure under Part 6D.2 of the Act;

• (b) this notice is being given in accordance with the Class Order;

• (c) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act 2001 (Cth) ( Act ) as they apply to the Company; and

  • (ii) section 674 of the Act; and

• (d) as at the date of this notice there is no information that is excluded information (in accordance with the requirements of subsections 708A(7) and (8) or subsections 1012DA(7) and (8) of the Act as if the notice were a notice under paragraph 708A(5)(e) or 1012DA(5)(e) of the Act) which is required to be disclosed by the Company.

Yours faithfully

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Deborah Ambrosini Company Secretary

BioPharmica Limited

ACN 95 912 002

PO Box 317, North Perth 6906, Western Australia 14 View Street, North Perth, Western Australia 6006 admin@biopharmica.com.au www.biopharmica.com.au

T: +61 8 9328 8366 F: +61 8 9328 8733