Cryosite : CTE Personnel Share Trading Policy clean version 7-FEB-2017

OVERVIEW

The Corporations Act, and the laws of other jurisdictions in which Cryosite operates contain provisions which prohibit a person in possession of material, non‐public information ("Material Information") relating to a company from dealing in any way with shares, options or other securities issued by that company or issued or created over the company's shares by third parties (shares).

This Policy applies to all Directors, senior executives, employees, contractors and consultants (collectively, Personnel).

The Cryosite Personnel Share Trading Policy (the Insider Trading Policy) sets guidelines designed to protect Cryosite and Personnel from intentionally or unintentionally breaching these Laws.

THE LAW

The principal insider trading prohibition in Australian law is contained in section 1043A of the Corporations Act.

Section 1043A prohibits a person (an Insider) who is in possession of Material Information relating to Cryosite that is not generally available but, if the information was generally available (see paragraph 3), a reasonable person would expect that information to have a material effect (see paragraph 4) on the price or value of Cryosite Securities from:

applying for, acquiring, disposing of or entering into an agreement to apply for, acquire or dispose of Cryosite Securities;

procuring another person to apply for, acquire, dispose of or enter into an agreement to apply for, acquire or dispose of Cryosite Securities; or

directly or indirectly communicating the Material Information to another person when the Insider knows, or ought reasonably to know, that the other person would or would be likely to:

apply for, acquire, dispose of or enter into an agreement to apply for, acquire or dispose of Cryosite Securities; or

procure another person to apply for, acquire, dispose of or enter into an agreement to apply for, acquire or dispose of Cryosite Securities.

AVAILABLE INFORMATION

Information relating to Cryosite would be considered to be generally available after it has been released to the Australian Securities Exchange (ASX) and the ASX has fully disseminated that information to the market.

INFORMATION HAVING A MATERIAL EFFECT ON CRYOSITE SECURITIES

A reasonable person would be taken to expect information to have a material effect on the price of Cryosite Securities if that information would, or would be likely to, influence persons who commonly invest in securities in deciding whether to acquire or dispose of Cryosite Securities.

DETERMINING MATERIAL INFORMATION

Determining what is Material Information is subjective. It may, as an indication, most likely include (but not be restricted to) the following types of information:

the financial results of Cryosite;

projections of future earnings or losses;

material changes in Cryosite's financial forecasts;

a declaration of a dividend;

the making of a share, option or debt issue and the under or over subscription of that issue;

acquisitions, mergers, sales, joint ventures or takeovers;

licensing agreements involving Cryosite's intellectual property

a change in status of any of Cryosite's licenses, permissions or approvals that limit or prohibit

Cryosite's scope of operations;

information about Cryosite's business direction, investments or asset purchases or sales;

industrial actions that may affect Cryosite's operations;

the occurrence of a serious environmentally related incident;

the commencement or settlement of any material litigation or claim;

an agreement between Cryosite (or a related party or subsidiary) and a Director (or related party of the Director);

a change in accounting policy adopted by Cryosite;

a change in the intellectual property rights of Cryosite; or

the health or capacity of any Director.

INSIDER TRADING POLICY

The confidentiality of Material Information must be strictly maintained within Cryosite by all persons who have access to that information, regardless of title or position. No Personnel shall disclose such information, except on a need‐to‐know basis, inside or outside of Cryosite.

PERSONNEL IN POSSESSION OF MATERIAL NON‐PUBLIC INFORMATION

Personnel must not purchase or sell Cryosite Securities while in possession of Material Information about Cryosite.

Personnel in possession of Material Information must not cause or procure a third party to deal in the Securities of Cryosite.

This Policy also applies in respect of securities of other companies of which Personnel have Material information by virtue of their position in Cryosite.

EXCEPTIONS TO THE INSIDER TRADING POLICY

Certain passive trades are exempt from the Securities Trading Policy, including:

Dividend reinvestment plans, where a Specified Person has given standing instructions to reinvest dividends;

Trading in a managed securities portfolio where a Specified Person is not able to influence a

choice of the portfolio;

Trading by trustees of any employee share or option plan established by the Company;

Share purchase plans;

Rights issues;

Accepting takeover offers (these are trades where the plan that determines the timing and nature of trading has been approved by the Board);

Pre‐approved non‐discretionary trading plans, which are not entered into or subsequently amended during a prohibited period; and

A margin call, at the discretion of the Board.

ADDITIONAL RESTRICTIONS FOR SPECIFIED PERSONS

SPECIFIED PERSONS Specified Persons means:

Directors and Officers of the Company;

All employees;

Any other person who is notified to be a Specified Person by the CEO or a member of Senior Management;

In relation to any person under a, b or c above:

Their spouse and any of their children or their nominee, including an investment management (subject to the exceptions to the Policy set out above);

A trust or superannuation fund of which they, any member of their family, or any family controlled company, are the trustee, member of beneficiary;

A person in partnership with them or any of their connected persons mentioned in a) to c) above (acting is his or her capacity as such); and

A company which they or their family control.

BLACK‐OUT PERIODS

All Specified Persons, subject to written approval (see section 10) not in possession of Material Information, may buy, sell or otherwise deal in Cryosite securities at any time except for the period from

• 30 June to one day following the release of appendix 4e (full year financial information)

• 31 December to one day following the release of appendix 4d (half year financial information)

• The period when material information is known to one day following the release of that material information.

Unless notified by the Board, any period that is not a Black‐out Period is to be considered a Trading Window.

Cryosite may notify Individuals or all specified persons that they are not able to buy, sell or deal in Cryosite Securities at any other time.

This does not relieve any specified person of the obligation not to trade outside a Black‐out Period if in possession of Material Information.

ADDITIONAL RESTRICTIONS FOR SPECIFIED PERSONS In addition to the restrictions set out above, a Specified Person:

Must not engage in short‐term or speculative trading in the securities of Cryosite. For the avoidance of doubt, this means that buying and selling in the trading window specified in section

9.2 above is prohibited;

Must not trade in the derivatives of Cryosite;

Must not enter into transactions with Securities (or any derivative thereof) in associated products which limit the economic risk of any unvested entitlements under any equity‐based remuneration schemes offered by Cryosite; and

Must comply with section 9.