ORTHOCELL LIMITED — Capital/Financing Update 2015

Jul 16, 2015

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17 July 2015 The Manager Australian Securities Exchange Level 40, Central Park 152-158 St George's Terrace Perth WA 6000

Dear Sir,

Release of Options from Escrow

In accordance with ASX Listing Rule 3.10A Orthocell Limited advises that 1,662,500 Options exercisable at $0.50 on or before 3 August 2017 will be released from escrow on 3 August 2015.

Yours sincerely,

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Simon Robertson Company Secretary