INVION LIMITED — Capital/Financing Update 2011

Jan 26, 2011

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27 January 2011

The Manager Company Announcements Office ASX Limited 20 Bridge St SYDNEY NSW 2000

Dear Sir,

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

On 27 January 2011, CBio Limited (ASX: CBZ) issued 1,000,000 quoted share options with an exercise price of $1 per share and an expiry date of 31 December 2012.

CBio hereby gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act”) that:

1. the abovementioned share options were issued without disclosure under Part 6D.2 of the Corporations Act;

2. as at 27 January 2011, CBio has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act as they apply to CBio; and

   • b. section 674 of the Corporations Act; and

3. as at 27 January 2011, there is no excluded information (as defined in subsection 708A(7) of the Corporations Act which is required to be disclosed in accordance with sections 708A(6) and 708A(8) of the Corporations Act.

For and on behalf of the Board of CBio Limited

BEN GRAHAM

Company Secretary