Issue of ordinary shares

2 July 2020 Issue of ordinary shares This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of ordinary shares in AFT Pharmaceuticals Limited. Section 1: Issuer information Name of issuer AFT Pharmaceuticals Limited NZX ticker code AFT Class of financial product Ordinary shares ISIN (If unknown, check on NZX website) NZAFTE0001S4 Currency NZD Section 2: Capital change details Number issued 533,333 Nominal value (if any) Not applicable Issue price per security $3.75 Nature of the payment Cash Amount paid up (if not in full) Fully paid Percentage of total class of Financial Products issued (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 0.517% For an issue of Convertible Financial Products or Options, the principal terms of Conversion Not applicable Reason for issue and specific authority for issue Allotment of 533,333 ordinary shares under a share purchase plan conducted by AFT Pharmaceuticals Limited. Total number of Financial Products of the Class after the issue (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue. 103,701,049 Specific authority for the issue, including a reference to the rule pursuant to which the issue is made Authorised by a directors' resolution. The share purchase plan is made pursuant to NZX Listing Rule 4.3.1(c) (as modified by a class waiver granted by NZX Regulation on 19 March 2020). Terms or details of the issue (for example: restrictions, escrow arrangements) The ordinary shares issued rank pari passu with the existing ordinary shares. Date of issue 02/07/2020 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Malcolm Tubby Contact person for this announcement Malcolm Tubby Contact phone number +64 9 488 0232 Contact email address malcolm.tubby@aftpharm.com Date of release through MAP 02/07/2020 End CA:00355674 For:AFT Type:SECISSUE Time:2020-07-02 11:01:31