PHARMX TECHNOLOGIES LIMITED — M&A Activity 2003

Jan 9, 2003

COSMOS Limited

AOS

ABN 25 000 091 305 Level 3 302-306 Elizabeth Street Surry Hills Ph: 61 2 9211 2177 Fax: 61 2 9211 3113 GPO Box 4909 Sydney NSW 2001 exec@cosmos.com.au

By Facsimile: 1 300 300 021

The Company Announcements Office Australian Stock Exchange Limited 4th Floor, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

ACQUISITION OF AMFAC

The Directors would like to advise that Cosmos Limited has concluded an agreement to acquire the business known as AMFAC from Faulding Healthcare Pty Ltd for an amount of $2.45M to be paid over an agreed term.

Yours faithfully,

igel Purves Company Secretary

ASX - Acquisition of Amfac Page 1 of 1

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