MEMPHASYS LIMITED. — Capital/Financing Update 2014

Dec 17, 2014

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ASX Release

R&D Tax Refund

Thursday, 18 December 2014

NuSep Holdings Limited (ASX: NSP) is pleased to announce that it has received a Research and Development tax refund in the sum of $821,879.

NuSep intends to apply these funds to further develop its SpermSep business including running clinical trials, and for working capital purposes.

For further information please contact:

Alison Coutts Executive Chairman +61 2 8415 7300 alison.coutts@nusep.com

NuSep Holdings Ltd 30 Richmond Rd Homebush NSW 2140

Contact Details Telephone +61 2 8415 7300 Facsimile +61 2 8415 7399

Email info@nusep.com Web www.nusep.com ABN 33 120 047 556

Postal Address P.O. Box 2202 Homebush West NSW 2140