Dear Ben Request for voluntary suspension In accordance with ASX...

Dear Ben

Request for voluntary suspension

In accordance with ASX Listing Rule 17.2, Unilife Corporation (ASX:UNS) (Unilife) hereby requests a voluntary suspension be implemented with immediate effect in respect of all of Unilife's CDIs quoted on ASX.

Unilife is requesting this voluntary suspension as it has commenced formal proceedings to restructure its balance sheet or to sell its assets as a going concern in order to better position the business for the future. In order to facilitate this restructuring or sale, Unilife filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court (Chapter 11) for the District of Delaware (Court).

Unilife has obtained a commitment for a US$7.5 million debtor-in-possession (DIP) financing facility underwritten by an affiliate of OrbiMed Advisors. Subject to Court approval, this DIP financing, combined with Unilife's cash from operations, is expected to provide sufficient liquidity during the Chapter 11 proceedings to support Unilife's continuing business operations and minimise disruption.

Attached is a copy of the announcement filed by Unilife with the United States Securities and Exchange Commission (SEC) today which provides further details of the proposed restructure or sale and Chapter 11 proceedings.

Unilife expects the voluntary suspension to be in place for the duration of the Chapter 11 proceedings.

Unilife is not aware of any reason why this request should not be granted and is not aware of any other relevant information in relation to this request.

If you have any questions regarding this matter please contact myself or Stephanie Walters +1 215 9134936.


Yours faithfully,


Jeff Carter ASX Liaison Officer