Neuren Pharmaceuticals LimitedASX: NEU

Trading Halt

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MARKET RELEASE

27 June 2017

Neuren Pharmaceuticals Limited TRADING HALT

The securities of Neuren Pharmaceuticals Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 29 June 2017 or when the announcement is released to the market.

Security Code:

NEU

Violetta Codreanu

ADVISER, LISTINGS COMPLIANCE (SYDNEY)

27 June 2017

Violetta Codreanu

ASX Compliance Pty Limited 20 Bridge Street

Sydney NSW 2000 By Email

Dear Violetta,

TRADING HALT REQUEST

The Directors of Neuren Pharmaceuticals Limited (ASX Code: NEU) hereby request a halt in trading of the Company's securities, effective until market opening on Thursday 29 June 2017, or an earlier announcement by the Company.

The trading halt is requested pending an announcement regarding a capital raising transaction.

The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely

Jon Pilcher

CFO & Company Secretary

Neuren Pharmaceuticals Limited ARBN 111 496 130

Unit 4, 435 Williamstown Road, Port Melbourne, VIC 3207