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MEMPHASYS LIMITED. Capital/Financing Update 2016

Feb 23, 2016

65314_rns_2016-02-23_c525df5e-f036-4bd9-a7dc-55714013ca1b.pdf

Capital/Financing Update

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ASX Release

UPDATE ON NON-RENOUNCEABLE ENTITLEMENT OFFER (the “ENTITLEMENT OFFER”)

Sydney Wednesday 24 February 2016

NuSep Holdings Limited ( ASX: NSP ) (the Company ) advises that, yesterday afternoon, ASIC requested that the Company issue a Replacement Prospectus.

The Company is addressing the matters raised by ASIC and, accordingly, the timetable for the Entitlement Offer will be amended. The Company will advise the market of the updated timetable shortly.

For further information please contact:

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

NuSep Holdings Ltd 30 Richmond Rd Homebush NSW 2140

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