Cryosite : CTE - NOM 2016 Printer version 2016 23-SEP-2016

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Dear Shareholder

I am writing to invite you, as a shareholder in Cryosite Limited (CTE or the Company), to attend our Annual General Meeting on Thursday 27th October 2016.

The meeting will be held at the offices of Cryosite Ltd, 13A Ferndell St, South Granville, Sydney, NSW, 2142. The meeting will commence at 10.30am with registration available from 10.00am. Following the conclusion of the Meeting there will be refreshments and an opportunity to meet with the Board and management.

A proxy form is included in this information pack. If you attend the Meeting, please bring this form with you as it will assist with the registration process. If you are not attending the Meeting, the Form allows shareholders to either lodge their vote directly or appoint a proxy or corporate representative to vote on their behalf. Please refer to the Notice of Meeting and the Voting/Proxy Form for more information.

If you would like to submit questions on any shareholder matters that may be relevant to the Meeting then please email your questions to [e-mail] time may not permit me to address all questions, I will endeavor to address the most frequently raised shareholder matters.

If you are unable to attend the meeting, all presentations to the Meeting will be released to the ASX prior to the meeting and will also be available on the website.

The Notice of Meeting lists the items to be considered at the Meeting and the background information on the proposed resolutions is contained in the explanatory notes following the Notice of Meeting.

I look forward to welcoming you to the Annual General Meeting of Cryosite.

Yours sincerely

Stephen Roberts Chairman

The Cryosite Ltd Annual General Meeting will be held on Thursday, 27th October 2016, commencing at 10.30am. The meeting will be held at the offices of Cryosite Ltd, 13A Ferndell St, South Granville, Sydney, NSW, 2142.

Items of business

1. Reports

   To receive and consider the Financial Report and the Reports of the Directors and Auditor for the year ended 30 June 2016.

2. Resolution 1 - Remuneration Report

   To consider and, if thought fit, to pass the following as an ordinary resolution of the Company: "To adopt the Remuneration Report for the year ended 30 June 2016."

   Voting Exclusion Statement:

   The Company will disregard any votes cast on item 2 by or on behalf of:

   • a member of the key management personnel of the Company (KMP) as disclosed in the 2016 Remuneration Report; and

   • a closely related party of those persons (such as close family member members and any companies the person controls)

     unless the vote is cast as a proxy for a person who is entitled to vote, and:

   • the vote is cast in accordance with the direction on the Voting/Proxy Form; or

     • in the absence of a direction on the Voting/Proxy Form, the vote is cast by the Chairman of the Meeting

3. Resolution 2 - Election of Director: Mr. Andrew Kroger.

   To consider and, if thought fit, pass the following resolution as ordinary resolution of the Company: "That Mr. Andrew Kroger, being a Director who is retiring in accordance with the Company's constitution, and being eligible, offers himself for election, be re-elected as a director of the Company."

4. Resolution 3 - Re-election of director: Mr. Stephen Roberts

To consider and, if thought fit, pass the following resolution as an ordinary resolution:

"That Mr. Stephen Roberts who was appointed by the Directors since the last Annual General Meeting, retires in accordance with the Company's Constitution and, being eligible for re-election, be re-elected as a director of the Company."

By order of the Board.

Bryan Dulhunty Company Secretary

Appointing a Proxy

• Shareholders who are unable to attend the Annual General Meeting (AGM) and do not choose to use Direct Voting, are entitled to appoint a proxy to act at the AGM on their behalf, and to vote in accordance with their instructions on the proxy form.

• A proxy need not be a shareholder of Cryosite Ltd.

• To appoint a Proxy, mark 'X' in Step 1 B on the Proxy Form. A proxy may be an individual or a body corporate. Subject to the voting exclusions set out above, if no voting instructions are given, the proxy may vote as they see fit.

• If a shareholder appoints a key management personnel of the Company (KMP) as disclosed in the 2016 Remuneration Report (which includes each of the Directors) as proxy, the KMP will not be able to cast the shareholder's votes on resolution 1 unless the shareholder directs the KMP how to vote or the Chairman of the Meeting is the shareholder's proxy. If a shareholder appoints the Chairman of the Meeting as their proxy or the Chairman of the Meeting is appointed as the shareholder's proxy by default and the shareholder does not make a mark a voting box for item 2 then by signing and returning the Voting/Proxy Form the shareholder will be expressly authorizing the Chairman of the Meeting to exercise the proxy in respect of the relevant item even though the item is connected with the remuneration of the KMP.

• The Chairman of the Meeting intends to vote all valid available and undirected proxies in favour of each item of business.

• If you are a shareholder entitled to cast two or more votes, you may appoint up to two proxies and specify the proportion of voting rights or the number of votes each proxy is appointed to exercise.

  Sending us your Direct Vote or Proxy

• Completed Voting/Proxy Forms must be received by the Share Register, Link Market Services Limited, at Locked Bag A14, Sydney South, NSW, 1235 or by fax to [phone] by 10.30am on Tuesday 25th October 2016. A return envelope is provided.

• If you wish to submit your direct vote or your appointment of proxy and voting instructions electronically, visit the share registry website, www.linkmarket services.com.au. You will need your security holder Reference Number (SRN) or Holder Identification Number (HIN) which is shown on the Voting/Proxy Form.

• If your direct vote or appointment of a proxy is signed by an attorney, or in the case of direct vote or proxy submitted electronically, authenticated by an attorney, the power of attorney (or a certified copy of the power of attorney) must be received by the Share Registrar, Link Market Services Limited, at Locked Bag A14, Sydney South, NSW, 1235 or by fax to [phone] by 10.30am on Tuesday 25th October 2016.

• If you wish to deliver by hand the delivery address is Link Market Services Limited, 1A Homebush Bay Drive, Rhodes NSW 2138. Delivery should be made during business hours (Monday to Friday, (9 am to 5pm).

Determination of shareholders' right to vote

The Board has determined that a person's entitlement to vote at the AGM will be the entitlement of that person set out in the register of shareholders as at 7pm on Tuesday 25th October 2016. Share transfers registered after that time will be disregarded in determining entitlements to vote at the AGM.