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Memorandum To: Market Participants From: NZX Product Operations Date: Wednesday, 10 June 2020 Subject: AFT Pharmaceuticals Limited ("AFT") - Trading Halt of Securities Message: Further to the announcement released by AFT Pharmaceuticals Limited ("AFT") today at 10.00am, NZX Regulation ("NZXR") advises that, at the request of the issuer, it has placed a trading halt on AFT ordinary shares. The trading halt was placed pre-market open this morning. AFT has sought the trading halt to facilitate an orderly market for its securities while the bookbuild for the placement component of a capital raising is undertaken. The halt will remain in place until the earlier of: o The release of an announcement relating to the outcome of the placement; or o Market open on Friday, 12 June 2020. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00354425 For:AFT Type:HALT Time:2020-06-10 10:05:38