ONCOSIL MEDICAL LTD — Capital/Financing Update 2024

Apr 8, 2024

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ASX Announcement

9 April 2024

One of the Largest Private Insurance Companies in the UK Approves Reimbursement for OncoSil at Imperial College Healthcare NHS Trust

Melbourne, Australia – 9 April 2024: OncoSil Medical Ltd (ASX: OSL) (OncoSil or the Company), a medical device company focused on localised treatments for patients with locally advanced pancreatic cancer (LAPC), announces;

One of the Largest Private Insurance Companies in the UK has agreed to provide reimbursement for the OncoSil[TM] device at Imperial College Healthcare NHS Trust.

Imperial College Healthcare NHS Trust is an NHS trust based in London, England. It is one of the largest NHS trusts in England and together with Imperial College London forms an academic health science centre.

Imperial College Healthcare NHS Trust collaborated with OncoSil to secure approval, enabling coverage for one of the Largest Private Insurance Companies in the UK for the implantation of the OncoSil[TM] device in treating LAPC. With this significant reimbursement achievement, the OncoSil team is poised to collaborate with additional insurers, aiming to broaden reimbursement options and enhance patient accessibility to treatments not only at Imperial College Healthcare NHS Trust but also at other private healthcare facilities.

OncoSil Medical CEO & Managing Director Nigel Lange, said: “With a prominent health insurance provider now committed to covering the costs of the OncoSil[TM] device, patients dealing with locally advanced pancreatic cancer can now avail themselves of this groundbreaking treatment at Imperial College Healthcare NHS Trust. We eagerly anticipate collaborating with other healthcare facilities across the United Kingdom, as well as further private insurers, to ensure broader accessibility to the OncoSil[TM] device for all individuals who could potentially benefit from its innovative approach. This endeavor stands as a pivotal focus for our company, and we are actively pursuing reimbursement initiatives in other regions as well."

Authorisation & Additional Information

This announcement was authorised by the Chairman of OncoSil Medical Limited.

For further information, please contact:

Mr. Nigel Lange Mr. Christian Dal Cin Ms. Julia Maguire CEO & Managing Director The CFO Solution The Capital Network E: nigel.lange@oncosil.com CFO & Company Secretary Media and Investor Enquiries T: +49 16096424981 E: c.dalcin@acclime.com E: julia@thecapitalnetwork.com.au T: +61 3 9824 5254 T: +61 2 8999 3699

ONCOSIL MEDICAL LIMITED ABN 89 113 824 141 ASX | OSL Suite 1, Level 3, 62 Lygon Street, Carlton South, VIC 3053 AUSTRALIA TELEPHONE +61 2 9223 3344 FACSIMILE +61 2 9252 3988 WEB www.oncosil.com

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About OncoSil

OncoSil Medical Limited (ASX:OSL) has developed a cancer treatment device, the OncoSil™ brachytherapy device, which is a critical component of a revolutionary brachytherapy treatment for locally advanced unresectable pancreatic cancer. This type of cancer is the 12th most common cancer in men and the 11th most common cancer in women across the globe, with some 500,000 new cases of pancreatic cancer detected every year. With pancreatic cancer typically diagnosed at a later stage, it has a poor prognosis for long-term survival[1] .

The OncoSil™ device delivers a targeted intratumoural placement of Phosphorous-32 (32P) in the treatment of locally advanced unresectable pancreatic cancer. This occurs via injection directly into a patient’s pancreatic tumours under endoscopic ultrasound guidance and takes place in combination with gemcitabine-based chemotherapy.

The OncoSil™ device that has already received breakthrough device designation in the European Union, United Kingdom and United States for the treatment of locally advanced unresectable pancreatic cancer in combination with chemotherapy. CE Marking has additionally been granted for the OncoSil™ device, which can be marketed in the European Union, United Kingdom.

While clinical trials involving the OncoSil™ device continue to occur, the Company is simultaneously moving to commercialise this unique medical technology. It is currently approved for sale in 30+ countries including European Union, United Kingdom, Turkey and Israel, with initial commercial pancreatic cancer treatments using the device already undertaken in Spain, Italy and Israel.

To learn more, please visit: www.oncosil.com/

Forward Looking Statements

This document contains certain forward-looking statements, relating to OncoSil’s business, which can be identified by the use of forward-looking terminology such as “promising”, “plans”, “anticipated”, “will”, “project”, “believe”, “forecast”, “expected”, “estimated”, “targeting”, “aiming”, “set to”, “potential”, “seeking to”, “goal”, “could provide”, “intends”, “is being developed”, “could be”, “on track”, or similar expressions, or by express or implied discussions regarding potential filings or marketing approvals, or potential future sales of product candidates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no assurance that any existing or future regulatory filings will satisfy the FDA and other authorities’ requirements regarding any one or more product candidates nor can there be any assurance that such product candidates will be approved by any authorities for sale in any market or that they will reach any particular level of sales. In particular, management’s expectations regarding the approval and commercialisation of the product candidates could be affected by, among other things, unexpected trial results, including additional analysis of existing data, and new data; unexpected regulatory actions or delays, or government regulation generally; our ability to obtain or maintain patent or other proprietary intellectual property protection; competition in general; government, industry, and general public pricing pressures; and additional factors that involve significant risks and uncertainties about our products, product candidates, financial results and business prospects. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. OncoSil Medical is providing this information as of the date of this document and does not assume any obligation to update any forward-looking statements contained in this document as a result of new information, future events or developments or otherwise.

ONCOSIL MEDICAL LIMITED ABN 89 113 824 141 ASX | OSL Suite 1, Level 3, 62 Lygon Street, Carlton South, VIC 3053 AUSTRALIA TELEPHONE +61 2 9223 3344 FACSIMILE +61 2 9252 3988 WEB www.oncosil.com