Opthea Ltd — Capital/Financing Update 2014

Oct 21, 2014

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22 October 2014

Market Announcements Office ASX Limited MELBOURNE VIC 3000

Dear Sir/Madam

Circadian Technologies Limited – Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Circadian Technologies Limited ACN 006 340 567 ( Company ) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ).

The Company states as follows:

• a. on 22 October 2014, the Company issued 6,857,143 fully paid ordinary shares in the capital of the Company ( Placement Shares ) to an institutional investor who participated in the placement announced on 6 October 2014;

• b. the Placement Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• c. as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and (ii) section 674 of the Act as it applies to the Company; and

• d. as at the date of this notice, there is no 'excluded information' of the type referred to in sections 708A(7) and 708A(8) of the Act.

Yours faithfully

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Mike Tonroe Company Secretary Circadian Technologies Limited

Suite 0403 Level 4 650 Chapel Street South Yarra Victoria 3141 Australia T +61 (3) 9826 0399 F +61 (3) 9824 0083 www.circadian.com.au

ABN 32 006 340 567