Acrux : Amendment to Constitution

For personal use only

ASX Release

26 November 2021

Amended Constitution

Melbourne, Australia; 26 November 2021

An amendment to the Constitution of Acrux Limited (ASX:ACR, " " or the " ") was approved by a poll of shareholders at the Company's AnnualAcruxGeneral MeetingCompanyheld on 23 November.

Clause 7.3 has been amended to increase the limit on the number of registered joint holders of a share that the Company can record in its register of members from 3 to 4.

The amended constitution is attached to this announcement.

Authorised for release by the Board of Acrux Limited.

For more information, please contact:

General enquiries

Michael Kotsanis

Acrux Limited

P:CEO+ 61& Managing3 8379 0100Director

E: [e-mail]

bout Acrux

Acrux (ASX: ACR) is a pharmaceutical company dedicated to developing and commercialising topical pharmaceuticals. Incorporated in 1998 and using in house facilities and capabilities, Acrux has successfully developed and commercialised through licensees a number of topically applied pharmaceutical products in the US and Europe. Acrux is developing of a range of generic products for the US market by leveraging its on-site laboratories, GMP manufacturing suite, clinical and commercial experience to bring affordable products to market. Acrux encourages collaboration and is well positioned to discuss partnering and product development.

For further information on Acrux, visit www.acrux.com.au

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Constitution

Acrux Limited ACN 082 001 152

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Constitution of Acrux Limited

1. Defined terms & interpretation
2. Pooled development fund
3. Rights
4. Issue of Shares
5. Commission and brokerage
6. Trusts not recognised
7. Joint holders
8. Share certificates
9. Class meetings
10. Non-marketableparcels
11. General
12. Instalments and amounts which become payable
13. Interest and expenses
14. Recovery of amounts due
15. Differentiation
16. Payment of calls in advance
17. Lien
18. Lien sale
19. Forfeiture notice
20. Forfeiture
21. Liability of former Member
22. Disposal of Shares
23. General
24. Transfer procedure
25. Right to refuse registration
26. Title on death
27. Entitlement to transmission
28. Consolidation or division

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1. Powers of attorney
2. Calling general meeting
3. Notice
4. Business
5. Member
6. Quorum
7. Chairperson
8. General conduct
9. Adjournment
10. Decisions
11. Taking a poll
12. Casting vote of chairperson
13. Admission to general meetings
14. Auditor's right to be heard
15. Entitlement to vote
16. Unpaid calls
17. Joint holders
18. Objections
19. Votes by proxy
20. Document appointing proxy
21. Proxy in blank
22. Lodgment of proxy
23. Validity
24. Representatives of bodies corporate
25. Number of Directors
26. Qualification
27. Power to remove and appoint
28. Additional and casual Directors
29. Filling vacated office
30. Retirement by rotation

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1. Nomination of Director
2. Vacation of office
3. Remuneration of Non-Executive Directors
4. Remuneration of Executive Directors
5. Retirement benefits
6. Directors to manage Company
7. Directors' meetings
8. Decisions
9. Directors' interests
10. Alternate Directors
11. Remaining Directors
12. Chairperson
13. Delegation
14. Written resolutions
15. Validity of acts of Directors
16. Minutes
17. Appointment
18. Powers of Executive Directors
19. General
20. Appointment of attorneys and agents
21. Secretary
22. Common Seal
23. Duplicate Seal
24. Share Seal
25. Times for inspection
26. Dividends
27. Amend resolution to pay dividend
28. No interest
29. Reserves
30. Dividend entitlement

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