CYCLOPHARM LIMITED — Capital/Financing Update 2011

Dec 5, 2011

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cyclo medica molecular imaging techne gas Cyclopharm Ltd ABN 74 116 931 250 Bldg 75 Business & Technology Park New Illawarra Road Lucas Heights NSW 2234 Australia POB 350 Menai Central NSW 2234 T 61 2 9541 0411 F 61 2 9543 0960 www.cyclopharm.com.au

Tuesday 6 December 2011

Completion of Rights Issue and notice of under subscriptions

Cyclopharm Limited ( Company ) today announced the completion of the renounceable prorata entitlement offer ( Rights Issue ) announced on 4 November 2011.

At the closing date, the Company received subscriptions for 31,724,692 shares. The shortfall of 20,842,110 shares will be fully taken up by the Underwriter in accordance with the underwriting agreement.

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James McBrayer Managing Director

corporate/850146_1