Immuron Ltd — Regulatory Filings 2019

May 28, 2019

Form 605 Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Immuron Limited
ACN/ARSN	063 114 045
Details of substantial holder (1) 1.
Name	Empery Tax Efficient LP, Empery Tax Efficient II LP, Empery Asset Master LTD, Empery AM GP, LLC, Empery Asset Management, LP, Ryan M, Lane and Martin D. Hoe
ACN/ARSN (if applicable)	Not applicable
	This notice is given by Empery Tax Efficient LP, Empery Tax Efficient II LP, and Empery Asset Master LTD on behalf of themselves and their controllers Empery AM GP, LLC, Empery Asset Management, LP, Ryan M. Lane and Martin D. Hoe
The holder ceased to be a
substantial holder on		24 May 2019
The previous notice was given to the company on		11 April 2019
The previous notice was dated		11 April 2019

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
24 May 2019	Empery Tax Efficient ٢P.	On market disposals	Consideration from on- lmarket sale	412,813	412,813
24 May 2019	Empery Tax Efficient II LP	On market disposals	Consideration from on- lmarket sale	704.462	704.462
24 May 2019	Empery Asset Master LTD	On market disposals	Consideration from on- lmarket sale	987,047	987,047
24 May 2019	Empery Asset Management, LP	On market disposals	Consideration from on- lmarket sale	2.104.322	2.104.322
24 May 2019	Empery AM GP, LLC	On market disposals	Consideration from on- lmarket sale	2.104.322	2.104.322
24 May 2019	Ryan M. Lane	On market disposals	Consideration from on- lmarket sale	2,104,322	2.104.322
24 May 2019	Martin D. Hoe	On market disposals	Consideration from on- Imarket sale	2.104.322	2.104.322

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable

4. Addresses

The addresses of persons named in this form are as follows:

.
Name	Address
	c/- Empery Asset Management, LP
Empery Tax Efficient	1 Rockefeller Plaza, Suite 1205
ILP	New York, New York 10020
	United States of America

		605	page 2/2	15 July 2001
	c/- Empery Asset Management, LP
Empery Tax Efficient	1 Rockefeller Plaza, Suite 1205
II LP	New York, New York 10020
	United States of America
	c/- Empery Asset Management, LP
Empery Asset	1 Rockefeller Plaza, Suite 1205
Master LTD	New York, New York 10020
	United States of America
	c/- Empery Asset Management, LP
Empery Asset	1 Rockefeller Plaza, Suite 1205
Management, LP	New York, New York 10020
	United States of America
	c/- Empery Asset Management, LP
Empery AM GP, LLC	1 Rockefeller Plaza, Suite 1205
	New York, New York 10020
	United States of America
	c/- Empery Asset Management, LP
Ryan M. Lane	1 Rockefeller Plaza, Suite 1205
	New York, New York 10020
	United States of America
	c/- Empery Asset Management, LP
Martin D. Hoe	1 Rockefeller Plaza, Suite 1205
	New York, New York 10020
	United States of America

date

28 May 2019

$(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

$(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.

sign here

is clearly set out in paragraph 4 of the form.

Include details of: $(4)$

Signature

$(1)$

• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the (b) securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

DIRECTIONS If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trustee of an equity trust), the names could be included in an ann

they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(5)$ Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.