MEMPHASYS LIMITED. — Capital/Financing Update 2013

Jul 28, 2013

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FOR IMMEDIATE RELEASE

Update on PrIME LOI Funding

Sydney, Australia 29[th] July 2013–NuSep (ASX:NSP). NuSep wishes to update the market on the progress with the LOI to fund its Singapore plasma fraction business, PrIME Biologics.

On 3[rd] June 2013 NuSep advised the market that it had signed a Letter of Intent ( LOI ) with a significant Asian Life Sciences Fund. This significant Asian Life Science fund is currently conducting its due diligence on the PrIME Biologics project.

The LOI was signed by NuSep’s Singapore subsidiary PrIME Biologics Pte Ltd. PrIME Biologics aims to raise up to S$20M by bringing a consortium of funds together. It is expected that only part of this raise will come from this significant Asian Life Sciences Fund and the balance will come from a number of funders who have already been approached by NuSep/PrIME. NuSep will keep the market informed as it progresses through this funding process.

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For more information please contact:

Contact: Prakash Patel Managing Director +61 2 8415 7300

About NuSep

NuSep (ASX: NSP) is a publicly listed life sciences company that sells products into the global BioSeparations market. The company has offices in both Sydney Australia and Atlanta, USA.

With a 30 year heritage in biological separations, NuSep has forged a world class reputation for its innovative yet simple biological separation techniques based on its PrIME[1] technology. The PrIME technology has produced a number of world firsts including the world’s first IVF sperm separation device. In short NuSep has redefined the BioSeparations market through innovation and simplification.

NuSep’s world renowned research team has developed an extensive portfolio of patented products. In all, NuSep currently manufactures, distributes and sells 55 products to customers in the USA, Europe, Asia and Australia.

NuSep Products:

1 PrIME stands for Pr eparative I solation by M embrane E lectrophoresis NuSep Holdings Ltd Postal Address Contact Details Email info@nusep.com 30 Richmond Rd P.O. Box 2202 Telephone +61 2 8415 7300 Web www.nusep.com Homebush NSW 2140 Homebush West NSW 2140 Facsimile +61 2 8415 7399 ABN 33 120 047 556

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• Gels – NuSep manufactures and sells precast gels including the innovative nUView Gels, which can be visualised 2 minutes after use.

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• Separation Instruments – NuSep has developed two unique biological separation instruments. The ProteomeSep can separate biological samples into 8 fractions for use in the proteomic market. The SpermSep separates sperm for fertility treatments such as IVF.

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• Biological Products – NuSep supplies research grade biological products manufactured using its unique separation technologies. These products include human IgG and Albumin .

For more information about NuSep please visit the company’s website www.NuSep.com

About PrIME Biologics Pte Ltd

PrIME Biologics is a Singapore based biotech company that has developed a disposable therapeutic plasma manufacturing process based on NuSep’s PrIME Technology. NuSep has a 90% shareholding in PrIME Biologics. PrIME Biologics process is based on the Pr eparative I solation by M embrane E lectrophoresis (PrIME) technology developed by NuSep. PrIME provides disposable modular processing that is ‘electronically’ driven membrane fractionation.

The PrIME process increases product yields to over 90% relative to the existing process 50% while increasing product safety. The PrIME has been shown to remove virus, bacteria, endotoxins and prions which cause ‘Mad Cow Disease’. Further, PrIME Biologics process can produce multiple plasma products in hours compared to days, which is required by the current manufacturers.

The initial application for the PrIME process will be the Currently Unprocessable Plasma which represents approximately 50% of all the plasma collected in many Asian countries.