CYCLOPHARM LIMITED — Director's Dealing 2009

Jun 8, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CYCLOPHARM LIMITED ABN 74 116 931 250

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Stewart Sharman
Date of last notice	4/12/2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change – disposal	3/6/2009
No. of securities held prior to change	1,484,755
Class	Ordinary Shares
Number disposed	500,000
Value/Consideration	$52,500
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	984,755
Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Detail of contract	Nil	Nil
	Nature of interest	Nil
	Name of registered holder	Nil
	(if issued securities)
	Date of change	Nil
	No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	Nil
	Interest acquired	Nil
	Interest disposed	Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	Nil
	Interest after change	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002