INVION LIMITED — Capital/Financing Update 2010

Jan 4, 2010

CBio Limited ACN 094 730 417

Supplementary Prospectus

This is a supplementary prospectus (‘ Supplementary Prospectus ’) dated 7 December 2009 intended to be read with the Prospectus dated 10 November 2009 ( ‘Prospectus ’) relating to an initial public offering of up to 30,000,000 shares in CBio Limited ACN 094 730 417 (‘ Company ’). This Supplementary Prospectus was lodged with ASIC on 7 December 2009. ASIC takes no responsibility for the contents of this Supplementary Prospectus. Terms used in this Supplementary Prospectus have the same meaning as those used in the Prospectus. The information below is to supplement and amend the information presently contained in the Prospectus namely:

Closing Date

The Directors have exercised their right and resolved to extend the Closing Date until 29 January 2010.

Accordingly, the Prospectus shall be amended as follows:

Key Details of the Offer

The Important dates table in the Key Details of the Offer section on page 2 is deleted and replaced with the following:

	as o	e er	e er
	ortant d:	ates table in the Key Details of the Offer section on p		age 2 i	s delete	and re
	Event		Date
	Prospect	us lodged with ASIC	10 Nov	ember 2	009
	Offer op	ens	16 Nov	ember 2	009
	Existing	Shareholder Priority Offer closes	5:00pm	30 Nov	ember 2	009
	Offer clo	ses	5:00pm	29 Jan	uary 201	0
	Anticipat	ed date of allotment	4 Febr	uary 201	0
	Sharehol	ding statements expected to be dispatched	8 Febr	uary 201	0
	Anticipat	ed commencement of ASX trading	10 Feb	ruary 20	10
	referen	ces are amended correspondingly, including:
	h bl	i i 12 8 i dld d ld i		h h		l

Any like references are amended correspondingly, including:

• The table in section 1.2 on page 8 is deleted and replaced with the above table.

• The definition of ‘Closing Date’ on page 91 shall be amended by deleting ‘being 3 December 2009’ and inserting ‘being 29 January 2010’.

All corresponding dates in the Prospectus are deemed to be amended to reflect this revised timetable.

CBio Limited Supplementary Prospectus Page 1

The Company with the consent of the Sponsoring Broker, reserves the right to vary these dates and times without prior notice, including the right to close the Offer early, or to withdraw the Offer, or to accept late Applications.

A new Section 1.8A is inserted:

‘1.8A Return of Application Money

In accordance with section 724(2)(d), because of this new circumstance, the Company gives each Applicant, who has subscribed under the Offer up to the date of this Supplementary Prospectus:

• (a) a copy of this Supplementary Prospectus which changes the terms of the offer; and

• (b) one month to withdraw their application and on an election to do so, each relevant Applicant will be repaid their Application Money in full,

noting that interest on Application Money is not payable by the Company.’

Consents

Each of the Directors consents to the issue and lodgement of this Supplementary Prospectus. None of the Directors have withdrawn their respective consents before this Supplementary Prospectus was lodged with ASIC.

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______________________________

Mr Stephen Jones

Executive Chairman

Dated 7 December 2009

CBio Limited Supplementary Prospectus Page 2