IMMUTEP LIMITED — Capital/Financing Update 2007

Nov 21, 2007

ABN 90 009 237 889

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22[nd] November 2007

Company Announcements Office Australian Securities Exchange Level 45, Rialto South Tower 525 Collins Street Melbourne VIC 3000

Dear Sir/Madam,

Rights Issue Closed

The Directors are pleased to announce that the Company’s 1:2 Non-Renounceable Rights Issue is closed with over 15% of the entitlement taken up.

The Company has received total acceptances for listed shares issued under the Rights Issue of 15,170,970 at an issue price of $0.02 cents per share raising a total of $303,419 (before costs).

Notice of the shortfall of 83,855,668 shares has been given to the underwriter, RM Capital Pty Ltd.

Yours faithfully

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Robert Kleine Company Secretary

Prima BioMed Limited , Suite 1, 1233 High Street, Armadale, VIC 3143 AUSTRALIA Ph: +61 (0)3 9854 5700 Fax: +61 (0)3 9822 7735 www.primabiomed.com.au