CRYOSITE LIMITED — AGM Information 2014

Nov 30, 2014

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1[st] December 2014

Australian Securities Exchange

Address to Shareholders at the General Meeting of Members held on Monday 1[st] December 2014

Good afternoon ladies and gentlemen and welcome to the General Meeting of Shareholders of Cryosite Limited.

My name is Graeme Moore and I will act as Chairman of today’s meeting. Mr Andrew Kroger sends his apologises for not being able to attend today’s meeting.

As set out at the Company’s Annual General Meeting held on the 22[nd] October 2014 the Company has called this meeting to ask shareholders to consider a capital return of by way of an equal reduction of capital of $0.05 cents per ordinary share. This will result in a total payout to shareholders of approximately $2.5m.

This is a Special resolution requiring 75% of all votes cast to be in favour of the resolution.

Your Board considers that the proposed capital reduction is appropriate in light of the Company's capital management strategy. As announced at the AGM on 22 October 2014, your Board notes that the Company has retained sufficient cash to extinguish all external debt and to meet working capital requirements.

If this resolution is passed today, the timetable for the capital return is as follows

• CTE shares will trade ex-entitlement from the commencement of trading on 3[rd] December 2014

• Record date to determine entitlements to receive the capital return – 7.00pm (Sydney time) on 5th December 2014

• Payment date – 19th December 2014.

I wish to thank shareholders for attendance at today’s meeting.

Graeme Moore

Acting CEO

ME_116772620_1 (W2007)