Cellmid 2017 Annual Report

The directors of the company declare that:

1. the ﬁnancial statements and notes, as set out on pages 32 to 63, are in accordance with the Corporations Act 2001 and:

i. comply with Australian Accounting Standards, which, as stated in accounting policy Note 1 to the ﬁnancial statements,

constitutes compliance with International Financial Reporting Standards; and

ii. give a true and fair view of the ﬁnancial position as at 30 June 2017 and of the performance for the year ended on that

date of the consolidated group;

2. in the directors’ opinion there are reasonable grounds to believe that the company will be able to pay its debts as and when

they become due and payable; and

3. the directors have been given the declarations required by s 295A of the Corporations Act 2001 from the Chief Executive

Ofﬁcer and Chief Financial Ofﬁcer.

The company and its four Australian wholly-owned subsidiaries, Advangen Limited, Kinera Limited, Lyramid Limited and

Advangen International Pty Limited, have entered into a deed of cross guarantee under which the company and its subsidiaries

guarantee the debts of each other.

At the date of this declaration, there are reasonable grounds to believe that the companies which are party to this deed of

cross guarantee will be able to meet any obligations or liabilities to which they are, or may become, subject to by virtue of

the deed.

Signed in accordance with a resolution of the Board of Directors made pursuant to Section 295 (5) of the Corporations Act 2001.

David King

Director

Dated this 30th day of August 2017

DIRECTORS’

DECLARATION