PYC THERAPEUTICS LIMITED — Capital/Financing Update 2015

Aug 10, 2015

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11[th] August 2015

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 87.2% of the issue.

	Shares	% of issue
Entitlement Acceptances	774,147,140	77.3
Shareholder applications for additional shares	99,559,831	9.9
Underwriter shortfall commitment	128,362,396	12.8
Total issue	1,002,069,367	100.0

Receipts from shareholders were $8,737,069.71

The underwriter shortfall commitment amounts to $1,283,623.96

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