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MAYNE PHARMA GROUP LIMITED Capital/Financing Update 2012

Sep 23, 2012

65396_rns_2012-09-23_dcbee00f-52f6-4088-99f4-bbc806de9db3.pdf

Capital/Financing Update

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Manager, Company Announcements ASX Limited Rialto Towers Level 45, 525 Collins Street MELBOURNE VIC 3000

24 September 2012

Via E-Lodgement

Dear Sir/Madam

Media Speculation

Mayne Pharma Group Limited ACN 115 832 963 (ASX: MYX) ( Mayne Pharma ) is aware of media speculation in relation to a capital raising in relation to Mayne Pharma.

Mayne Pharma is currently reviewing a number of strategic options to grow the business and is considering a capital raising as part of this strategy, which is preliminary, uncertain and incomplete.

Mayne Pharma will inform the market when and if a decision is made to undertake a capital raising.

Yours Sincerely

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Mark Cansdale Chief Financial Offer and Company Secretary Mayne Pharma Group Limited

Mayne Pharma Group Limited ABN | 76 115 832 963 a | Level 14, 474 Flinders St, Melbourne Victoria 3000, Australia t | +61 3 8614 7777 f | +61 3 9614 7022 | www.maynepharma.com