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MEMPHASYS LIMITED. Capital/Financing Update 2014

Dec 22, 2014

65314_rns_2014-12-22_d70e88ce-7fbb-4c73-8ca8-f3166b85c223.pdf

Capital/Financing Update

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ASX Release

CONVERSION OF CONVERTIBLE NOTES

Sydney, Australia, 23 December 2014

NuSep Holdings Limited (ASX:NSP) is pleased to announce the following share conversions pursuant to resolutions carried at NuSep’s AGM on 19 December 2014.

31,162,788 ordinary shares to Andrew Goodall
26,788,728 ordinary shares to Ti Rakau Developments Ltd
6,011,860 ordinary shares to Chang Seow Ying Alison

Converting the loans and convertible notes payable to Andrew Goodall, Ti Rakau and Mrs Chang saves NuSep approximately A$577,000 annually in interest.

Nusep’s Executive Chairman, Ms Alison Coutts said “This is a positive vote from our shareholders in the new Board of Directors and results in a $4,125,638 reduction in liabilities on the Company’s balance sheet. It is a very important step for NuSep.”

For further information please contact:

Alison Coutts Executive Chairman +61 2 8415 7300 [email protected]