PYC THERAPEUTICS LIMITED — Capital/Financing Update 2014

Jan 2, 2014

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3[rd] January 2014

Market Announcements Platform Australian Securities Exchange

Dear Sir

Entitlement Issue Result and Shortfall

Phylogica Limited advises that the Entitlement Offer and Shortfall Offer has concluded with acceptances for 87% of the issue.

acceptances for 87% of the issue.
	Shares	% of issue
EntitlementAcceptances	233,849,306	58.3
Shortfall Applications less than 1m shares	31,664,802	7.9
Shortfallapplications between 1mand 5mshares	23,305,603	5.8
Shortfall applications more than 5m shares	60,011,803	15.0
Underwriter commitment	51,996,219	13.0
Total issue	400,827,733	100.0

Receipts from shareholders were $5,232,472.70.

The underwriter shortfall commitment amounts to $779,943.30.

Yours faithfully Phylogica Limited

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Graeme Boden

Company Secretary

PO Box 8207, Subiaco East, Western Australia 6008 Tel: +61 8 9384 3284 Fax: +61 8 9284 3801 www.phylogica.com ABN 48 098 391 961