GENETIC TECHNOLOGIES LIMITED — Capital/Financing Update 2014

Nov 26, 2014

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ASX ANNOUNCEMENT 27 November 2014

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Ironridge Converts Remaining Redeemable Convertible Note

Melbourne, Australia, 27 November 2014: Molecular diagnostics company Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”) is pleased to advise that the Company has today received the final conversion notice, from Ironridge BioPharma Co., a division of institutional investor, Ironridge Global IV, Ltd. (“Ironridge”), requesting the conversion of the last remaining USD 200,000 of the USD 5 million Redeemable Convertible Note (the “Note”)

The Note, originally issued to Ironridge on 23 December 2013, will be fully converted within the next two days.

FOR FURTHER INFORMATION PLEASE CONTACT

Ms. Alison Mew Mr. Eutillio Buccilli Candice Knoll (USA) Chief Executive Officer Chief Operating Officer & Blueprint Life Science Group Chief Financial Officer +1 (415) 375 3340, Ext. 105 Genetic Technologies Limited Genetic Technologies Limited +61 3 8412 7009 + 61 3 8412 7050

About Genetic Technologies Limited

Genetic Technologies was an early pioneer in recognizing important new applications for “non-coding” DNA (Deoxyribonucleic Acid). The Company has since been granted patents in 24 countries around the world, securing intellectual property rights for particular uses of non-coding DNA in genetic analysis and gene mapping across all genes in all species. Its business strategy is the global commercialization of its patents through an active out-licensing program and the global expansion of its oncology and cancer management diagnostics portfolio. Genetic Technologies is an ASX and NASDAQ listed company with operations in the USA and Australia. For more information, please visit www.gtglabs.com .

Safe Harbor Statement

Any statements in this press release that relate to the Company's expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Additional risks associated with Genetic Technologies' business can be found in its periodic filings with the SEC.

Genetic Technologies Limited • Website : www.gtglabs.com • Email : info@gtglabs.com ABN 17 009 212 328 Registered Office • 60-66 Hanover Street Fitzroy Victoria 3065 Australia • Postal Address P.O. Box 115 Fitzroy Victoria 3065 Australia Phone +61 3 8412 7000 • Fax +61 3 8412 7040