Ann: Notice of Annual General Meeting/Proxy Form/Annual Report, page-3

Whatever happens between now and the AGM, I will still be voting against the remuneration report, as I did last year - time to put the board on notice with a second strike!

"At the Company’s 2016 AGM, 35.84% of the votes cast in respect of the resolution to adopt the 2016 Remuneration Report were voted against that resolution. As the votes ‘against’ exceeded 25% of the votes cast, the Company recorded what is known as a ‘first strike’ under the executive remuneration provisions of the Corporations Act. The Board will consider the outcome of the vote made by shareholders on the Remuneration Report at the Meeting when reviewing the Company’s remuneration policies. The Remuneration Report is contained within the 2017 Annual Report. You may view the Annual Report by visiting the Company’s website www.antisense.com.au, or you may order a hard copy of the Annual Report by phoning +61 (0)3 9827 8999. The vote on the resolution for adoption of the Remuneration Report is advisory only and does not bind the Directors or the Company. However, under the Corporations Act, if at least 25% of the votes cast on the resolution at the 2017 Annual General Meeting are against adoption of the Remuneration Report, then: • if comments are made on the Remuneration Report at the Annual General Meeting, the Company's remuneration report for the financial year ending 30 June 2017 will be required to include an explanation of the Board's proposed action in response or, if no action is proposed, the Board's reasons for this; and • if at least 25% of the votes cast on the resolution for adoption of the 2017 Remuneration Report are against its adoption (ie the Company records a 'second strike'), the Company will be required to put to shareholders a resolution proposing that a general meeting (Spill Meeting) be called to consider the election of all Directors other than the managing director (Spill Resolution). Resolution 4 is the Spill Resolution. If Resolution 4 is put and passed the Spill Meeting must be held within 90 days of the date of the 2017 annual general meeting. For any Spill Resolution to be passed, more than 50% of the votes cast on the resolution must be in favour of it. If a Spill Resolution is passed, all Directors (other than the managing director) will cease to hold office immediately before the end of the Spill Meeting unless re-elected at that meeting."

Let's make it happen!!