Ann: Appendix 4C - Quarterly Report & Company Update, page-3

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EPICHEM PTY LTD – 100% OWNED SUBSIDIARY

"Revenues from the sales of Reference Standards were a record $200k in Q4 which included Epichem's first sale to Belarus. To date Epichem has sold products and/or services to customers in 33 countries worldwide. The company is also thrilled to advise that unaudited accounts for the year ended 30 June 2015 show total revenues in excess of $2 million which is an all-time record. Epichem also began a significant expansion in June. After 12 years at Murdoch University, Epichem is moving to much larger facilities at WA's Technology Park. The new laboratory, which is being purpose built for Epichem's needs, is expected to be complete by September. The extra capacity of the new facilities will allow Epichem to rapidly grow its business to our 5-year target of $10 million pa."