ASX Announcement

2 May 2019

Chemist Warehouse to range GBCo licensed brand - nailKALM®

Highlights:

Chemist Warehouse places initial purchase order with GBCo for nailKALM®.

WNB expects the licenced brand will achieve sales with Chemist Warehouse of approximately $500k in FY2020.

nailKALM® Dermaceutical Lotion that contains AMYCOT®, a proprietary active ingredient that is clinically proven1 to provide effective treatment for nails prone to fungal infections.

Wellness and Beauty Solutions Limited (ASX:WNB or “the Company) today announced nailKALM® will be launched in Chemist Warehouse in May 2019 following the receipt of its first order from the pharmacy group. The Company expects the licensed brand will achieve sales in Chemist Warehouse of approximately $500k in FY2020.

nailKALM® Dermaceutical Lotion is an anti-fungal product that is registered with the Therapeutics Goods Administration (TGA) as a listed medicine. It contains AMYCOT® (Athrospira Maxima) a proprietary active ingredient that is clinically proven to provide effective treatment for nails prone to fungal infections. AMYCOT® is a unique scientific formulation derived from blue-green algae, is 100 percent organic and non-toxic.

WNB’s wholly-owned subsidiary, The Giving Brands Company Pty Ltd (GBCo), was granted a 5-year licence by Biovite Australia Pty Ltd in 2018 to manufacture,sell and distribute nailKALM® in Australia and New Zealand.

WNB Managing Director and Chief Executive Officer Ms Christine Parkes said, “Nail fungal infections affect one in 10 adult Australians according to the Australian Podiatry Association. As a TGA listed product with clinically proven efficacy we believe nailKALM® is an important product to bring to market. We are delighted to extend our strong relationship with Chemist Warehouse and look forward to this product being sold across other major pharmacy groups in the near future.”

Biovite Australia Managing Director Danny Goldman said, “We have been working closely with GBCo to

ensure nailKALM® is distributed into the Australian marketplace so the approximately 1.7M nail fungal sufferers can access a clinically proven, effective and natural treatment that really works. Having the product available in Chemist Warehouse, Australia’s leading pharmacy group, will go a long way in achieving this goal.”

For more information contact:

Investor Relations

Christine Parkes Managing Director

Wellness and Beauty Solutions Ltd [email protected] +61 467 350 509

Media Enquiries

Felicity Nuttall

Wellness and Beauty Solutions [email protected] +61 452 206 588

1Freeman AM and Freeman MG. Nailkalm (Arthrospira maxima) for the treatment of dermatophyte nail infections. Australasian Journal of Dermatology 2011; 52 Suppl 1: 25.

Wellness and Beauty Solutions Limited

14/347 Bay Road, Cheltenham VIC 3192

ACN: 169 177 833

www.wnbltd.com.au

About Wellness and Beauty Solutions Limited

Wellness and Beauty Solutions has a suite of owned and licensed wellness, beauty and lifestyle brands and a network of 10 Immersion Clinical Spas in Australia. Our suite of brands is sold to the professional and retail markets and includes: ELLE Colour Cosmetics, ELLE Kids, ELLE Baby, TANNED, Jbronze, NailKALM®, and products under development for Country Style and the Australian Women’s Weekly magazines. The clinics provide non-invasive medical aesthetic (NIMA) and wellness and beauty services using a highly experienced team of doctors, aesthetic nurse consultants, dermal therapists and beauty consultants.

Biovite Australia Pty Ltd

Biovite is a science-based biotechnology company involved in the discovery, research and development, proof of concept, and commercialisation of bio-actives for use in human health, animal health and agricultural. The company’s present activities are based on the discovery and development of AMYCOT®, a bioactive which has applications for a variety of dermaceutical conditions of the skin in humans. www.biovite.com.au

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