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The Manager
Company Announcements Office
The Australian Stock Exchange Limited
Dear Sir
re : Phosphagenics Limited
Half-Yearly Report : Appendix 4D
Enclosed for release to the market is the Company’s report for the half-year ended 30 June 2006 inclusive of the audited Condensed Income Statement, Condensed Balance Sheet, Condensed Cash Flow Statement and Notes thereto.
The half yearly report can be viewed in full by clicking on the following link:

Yours faithfully Phosphagenics Limited

per Mourice Garbutt Company Secretary
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