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MEMPHASYS LIMITED. Capital/Financing Update 2016

Mar 14, 2016

65314_rns_2016-03-14_3ecffd07-977d-4533-ab02-b43f2355e80c.pdf

Capital/Financing Update

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ASX Release

NON-RENOUNCEABLE ENTITLEMENT OFFER (the “ENTITLEMENT OFFER”) CLOSURE

Sydney Tuesday 15 March 2016

NuSep Holdings Limited ( ASX: NSP ) (the Company ) advises that the recent the nonrenounceable entitlement issue and shortfall offer consisting of a fully underwritten nonrenounceable pro-rata offer of approximately 284,617,002 new shares on the basis of one (1) new share for every one (1) share held on the applicable record date at an issue price of $0.01 per new share, together with one (1) free attaching option exercisable at $0.016 on or before 30 November 2016 for every new share subscribed for and issued, to raise up to approximately $2.846 million before costs has now closed.

The Company received 110 applications for 105,914,570 new shares, raising $1,059,145.70 before costs. The Underwriter now has the ability to place the remaining shortfall of 178,702,432 shares in line with the terms of the Prospectus.

The Directors would like to thank all the shareholders for their support of the Company at this crucial time.

For further information please contact:

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

NuSep Holdings Ltd 30 Richmond Rd Homebush NSW 2140