PYC THERAPEUTICS LIMITED — Major Shareholding Notification 2012

Jan 30, 2012

			Citi
	facsimile
To:	ASX Company Announcements Platform &	Fax:	1300 135 638
	Graeme Raymond Boden, Company Secretary Phylogica Limited [PYC]	Fax:	$(08)$ 9284 3801
From:	Scott Martin Citigroup Global Markets Australia Pty Limited	Fax:	(02) 8225 5114
Date:	31 January 2012	Pages:	3 (including cover sheet)
Subject:	Submission of Form 605 re: Phylogica Limited [PYC]

$\ddot{\phantom{0}}$

$#$ $1/$ $\Box$

$31 - 01 - 12$ ; $16:28$

$\sim$

If you do not receive all pages, please telephone on 61 2 8225 1472 This fax is confidential and may be privileged. If you are not the intended recipient, please notify the sender immediately by telephone.

TELEPHONE: 61 2 8225 1472 FACSIMILE: 61 2 8225 5114

	Form 605
Notice of ceasing to be a substantial holder	Corporations Act
	Section 671B

$\cdot$

$2\,/\,$ $\lvert \mathbb{B} \rvert$

To: Phylogica Limited (Ordinary Fully Paid, PYC)

Details of substantial shareholder 1.

$31 - 01 - 12$ ; $16:28$

$\cdot$ :

Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) and each of the related bodies corporate in the Citi group of companies worldwide (for more details please visit www.citigroup.com).

The holder ceased being a substantial holder on 27 January 2012.

The previous notice had been given to the company on 13 January 2012.

$2.$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed and Person's votes affected	Nature of Relevant Interest	Class of securities affected
27 January 2012	Citigroup Global Markets Limited	Citigroup Global Markets Limited ceased to hold a relevant interest as a result of applying ASIC Class Order CO 11/272 to holdings for which its nominee is the registered holder.	PYC. Ordinary Fully Paid

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
۷/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Citigroup Global Markets Limited	Citigroup Centre, 33 Canada Square London, E14 5LB
Citigroup Global Markets Australia Pty Limited	Level 22, Citigroup Centre, 2 Park Street, Sydney NSW 2000

$\ddot{\phantom{0}}$

$3/3$

Dated this day 31 January 2012.

$\begin{picture}(120,10) \put(0,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line(1,0){10}} \put(15,0){\line($

Scott Martin Citigroup Global Markets Australia Pty Limited