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Unilife Receives SPP Applications Exceeding A$12.8 Million
Date:12/31/2010

ations from Unilife's Australian and New Zealand shareholders for over 180% of the money that we targeted to raise. It is clear that shareholders recognize that Unilife has in recent years built a strong track record for delivering upon its key business milestones. I believe many shareholders now share our confidence in the robust commercial position of Unilife as we prepare to commence production of the Unifill® syringe, and build relationships with a number of major pharmaceutical companies."

"The Board very much appreciates the on-going support from shareholders of the Company and its management through these applications. As we wish to accommodate the shareholders to the greatest extent possible, we have decided to allot CDIs in respect of all applications received. On behalf of the Board, I would like to express our sincere thanks to all of our shareholders for their trust and support."

Timing and allotmentAllotment of CDIs under the SPP will occur on 31 December 2010.  Applicants will be advised of their final allocations when holding statements in respect of the SPP CDIs are despatched, which is expected to occur on 5 January 2011.  It is the responsibility of shareholders to confirm the number of CDIs allotted to them under the SPP prior to trading in those CDIs.  Shareholders who sell SPP CDIs before they receive their holding statements do so at their own risk.  

Restrictions on resale of CDIs into the U.S.The SPP was made available to qualifying investors in reliance on the exemption from registration contained in Regulation S of the United States Securities Act of 1933 (US Securities Act) for offers of securities which are made outside the U.S. This means that a registration statement (similar to an Australian prospectus) is not required to be prepared with respect to the SPP.

However, in order to comply with the requirements of Regulation S, investors may not re-s
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SOURCE Unilife Corporation
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