Melbourne - CSL Limited (ASX: CSL; USOTC: CSLLY) today announced an update regarding the Vifor Pharma AG acquisition.

On January 18, 2022, CSL Behring AG (the Offeror) published the offer prospectus (the Offer Prospectus) for its public tender offer according to articles 125 et seq. FMIA (the Offer) for all publicly held registered shares of Vifor Pharma Ltd. (Vifor) with a nominal value of CHF 0.01 each (each a Vifor Share).

In the definitive notice of the end result dated March 28, 2022, the Offeror declared a postponement of the settlement of the Offer for a period of up to four months after the expiration of the additional acceptance period of the Offer, i.e. until July 22, 2022.

Today, the Offeror announced a further postponement of the settlement of the Offer until September 30, 2022, as the offer condition pursuant to Section B.7(1)(b) (Merger Clearances, Foreign Direct Investment and Other Approvals) of the Offer Prospectus is not expected to be fulfilled by July 22, 2022.

Today's announcement of the Offeror, which includes among other things further information regarding the offer conditions that remain in effect, the Offeror's intention to delist and the Offeror's action filed with the Commercial Court of St. Gallen requesting the cancellation of the remaining publicly held Vifor Shares, is available at www.csltransaction.com.

Contact:

Jimmy Baker

Tel: +61 450 909 211

Email: jimmy.baker@csl.com.au

About Vifor Pharma Group

Vifor Pharma Group is a global pharmaceuticals company. It aims to become the global leader in iron deficiency and nephrology. The company is a partner of choice for pharmaceuticals and innovative patient-focused solutions across iron, dialysis, nephrology and rare conditions. Vifor Pharma Group strives to help patients around the world with severe, chronic and rare diseases lead better, healthier lives. It specializes in strategic global partnering, in-licensing and developing, manufacturing and marketing pharmaceutical products for precision patient care. Vifor Pharma Group holds a leading position in all its core business activities and includes the companies: Vifor Pharma, Sanifit Therapeutics, and Vifor Fresenius Medical Care Renal Pharma (a joint company with Fresenius Medical Care). Vifor Pharma Group is headquartered in Switzerland and listed on the Swiss Stock Exchange.

About CSL

CSL (ASX: CSL; USOTC: CSLLY) is a leading global biotechnology company with a dynamic portfolio of life-saving medicines, including those that treat hemophilia and immune deficiencies, as well as vaccines to prevent influenza. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL - including our two businesses, CSL Behring and Seqirus- provides life-saving products to more than 100 countries and employs more than 25,000 people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest.

Forward-Looking Statements

This announcement may contain or refer to statements that constitute forward-looking statements. The words 'anticipate', 'believe', 'expect', 'estimate', 'aim', 'project', 'forecast', 'estimate', 'risk', 'likely', 'intend', 'outlook', 'should', 'could', 'would', 'may', 'will', 'continue', 'plan', 'probability', 'indicative', 'seek', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements.

Any such statements, opinions and estimates in this announcement speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance and estimates. Forward-looking statements are provided as a general guide only. The forward-looking statements in this announcement are not indications, guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of CSL, its officers, employees, agents and advisors, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and may cause actual results to differ materially from those expressed or implied in such statements. You are strongly cautioned not to place undue reliance on forward-looking statements.

This announcement is not financial product or investment advice, a recommendation to acquire or sell securities or accounting, legal or tax advice. It does not constitute an invitation or offer to apply for securities. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek legal and taxation advice appropriate for their jurisdiction. CSL is not licensed to provide financial product advice in respect of an investment in securities.

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