170329 1 Notice Pursuant to Listing rule 7.12.1

Market release 29 March 2017 NOTICE PURSUANT TO LISTING RULE 7.12.1 For the purposes of Rule 7.12.1 of the NZX Main Board Listing Rules, AFT Pharmaceuticals Limited (NZX: AFT; ASX:AFP) advises that the following Securities have been issued: a) Class of Security Unlisted redeemable preference shares in AFT Pharmaceuticals Limited ("Redeemable Preference Shares") ISIN: N/A b) Number issued: 3,330,000 Redeemable Preference Shares c) Issue price: $2.74 per Redeemable Preference Share d) Payment in cash: Yes e) Amount paid up: Fully paid f) Principal terms of the Securities See AFT Pharmaceuticals Limited's market announcement of 17 March 2017 for a summary of the principal terms of the Redeemable Preference Shares g) Percentage of the total of Class of Securities issued: 100% h) Reason for issue: See AFT Pharmaceuticals Limited's market announcement of 17 March 2017 for the reasons for the issue of the Redeemable Preference Shares i) Specific authority for issue: Board resolution j) Terms or details of issue: See AFT Pharmaceuticals Limited's market announcement of 17 March 2017 for a summary of the details of the issue of Redeemable Preference Shares k) Total number of Securities of the Class in existence after issue: 3,330,000 Redeemable Preference Shares l) Treasury stock N/A m) Date of issue: 24 March 2017 [End of release] For more information: Malcolm Tubby CFO, AFT Pharmaceuticals Ltd Phone: +64 9 488 0232 End CA:00299043 For:AFT Type:GENERAL Time:2017-03-30 09:08:51