The Manager
Company Announcements Office
ASX Limited

MARCH QUARTER 2012 APPENDIX 4C

Adelaide, 26 April 2012: LBT Innovations Ltd (ASX: LBT) announces its 3rd quarter cash flow report for the year ending 30
June 2012. Highlights:
• Cash at the end of March 2012 $3.22 million (down from $3.40 million at the end of December 2011).
• Receipt of royalty income under the agreement with bioMérieux. The receipt of $291,715 represents the 2nd half of the minimum royalty payment due for the 2011 calendar year. Minimum royalties for the full 2011 calendar year totalled $US600,000.
Other cash flows for the quarter related to normal operating activities.
- ENDS -

About LBT Innovations

LBT Innovations is an Australian developer of clinical and diagnostic technology. Based in Adelaide, South Australia, the
Company was formed in 2004 and listed on the Australian Securities Exchange on 31 July 2006 (ASX: LBT).
In 2007, LBT Innovations signed an agreement with French diagnostics giant bioMérieux to commercialise and market its first invention, sold as PREVI™ Isola, which automates the streaking of culture plates in microbiology laboratories. LBT receives milestone and royalty payments for PREVI™ Isola, which has been installed in laboratories in the US, Australia, China, Japan, Korea, the Middle East, the UK and multiple European countries.
LBT's strategy is to become a leader in the automation of the international pathology laboratory market with multiple products to take to that market. The company has recently unveiled its second product, APAS, which automates the screening and sorting of culture plates. LBT is now evaluating options for the commercialisation of APAS and is in discussions with leading international companies.
For more information, see www.lbtinnovations.com

CONTACTS

LBT Innovations

Media Relations

Lusia Guthrie

CEO & Managing Director

Tel: +61 (0)8 8227 1555

E: info@lbtinnovations.com

Rudi Michelson

Monsoon Communications

Tel: +61 (0)3 9620 3333

E: rudim@monsoon.com.au

Page 1 of 1

Appendix 4C Quarterly report for entities

admitted on the basis of commitments

Appendix 4C

Quarterly report for entities admitted

on the basis ·of commitments

ln trod uced 3 l /3/2000. Am ended 30/9/200 l .24/ l 0/2005.

Rule 4.78

Name of entity

l LBT lnnovations Ltd

ABN

Quarter ended (''current quarter")

1 95 l 07 670 673 l 3 l March 20 12


Consolidated statement of cash flows

Cash tlows related to operating activities

1.1 Receipts from customers

1.2 Payments for (a) staff costs

(b) advertisi ng and marketing (c) research and development (d) leased assets

(e) other working capitai

1.3 Di vidends received

1.4 l nterest and other items of a sim il ar nature recei ved

1.5 Interest and other costs of fin ance paid

1 .6 lncome taxes paid

lncome tax received (R & D Tax Concession)

1.7 Other (provide details if materia!) Export G rant

Royalties

Milestone Payment

Royalty Payment

Net operating cash tlows

+ See chapter 1 9 for detined terms.

24/10/2005 Appendi x 4C Page l

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

Current quarter

$A

Year to date

( 9 months)

$A

1.8 Net operating cash flows (carried forward)

(164,979)

(106,787)

Cash flows related to investing activities

1.9 Payment for acquisition of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets - M icroStreak

Development Costs

l.IO Proceeds from disposal of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets (MicroStreak Parts)

l. l l Loans to other entities

1.1 2 Loans repaid by other entities

1.1 3 Other (provide details if materia!) Patent Costs l

Trade Mark Costs

Net investing cash flows

1.14 Total operating and investing cash flows

(l ,897)

(10,287)

Cash flows related to investing activities

1.9 Payment for acquisition of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets - M icroStreak

Development Costs

l.IO Proceeds from disposal of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets (MicroStreak Parts)

l. l l Loans to other entities

1.1 2 Loans repaid by other entities

1.1 3 Other (provide details if materia!) Patent Costs l

Trade Mark Costs

Net investing cash flows

1.14 Total operating and investing cash flows

( l,897)

(10,287)

Cash flows related to investing activities

1.9 Payment for acquisition of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets - M icroStreak

Development Costs

l.IO Proceeds from disposal of: (a) businesses (item 5)

(b) equity investments

(c) intellectual property

(d) physical non-current assets

(e) other non-current assets (MicroStreak Parts)

l. l l Loans to other entities

1.1 2 Loans repaid by other entities

1.1 3 Other (provide details if materia!) Patent Costs l

Trade Mark Costs

Net investing cash flows

1.14 Total operating and investing cash flows

(166,876)

(117,074)

Cash flows related to financing activities

1.15 Proceeds from issues of shares, options, etc.

1.16 Proceeds from sale of forfeited shares

1.1 7 Proceeds from borrow ings

1.18 Repayment of borrowings

1.19 Dividends paid

1.20 Other (provide details ifmaterial)

Net financing cash flows

Cash flows related to financing activities

1.15 Proceeds from issues of shares, options, etc.

1.16 Proceeds from sale of forfeited shares

1.1 7 Proceeds from borrow ings

1.18 Repayment of borrowings

1.19 Dividends paid

1.20 Other (provide details ifmaterial)

Net financing cash flows

NIL

NIL

Net increase (decrease) in cash held

1.21 Cash at beginning of quarter/year to date

1.22 Exchange rate adjustments

1.23 Cash at end of quarter

(166,876)

3,397,826 (6,868)

(1 1 7,074)

3,320,217

20,939

Net increase (decrease) in cash held

1.21 Cash at beginning of quarter/year to date

1.22 Exchange rate adjustments

1.23 Cash at end of quarter

3,224,082

3,224,082

+ See chapter 19 for defined terms.

Appendix 4C Page 2 24/10/2005

Appendix 4C Quarterly report for entities

admitted on the basis of commitments

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

Cu rrent quarter

$A

1.24 Aggregate amount of payments to the part ies included in item l .2 11 4,098

1.25 Aggregate am ount of loans to the parties included in item 1.1 l -

1 .26 Ex pla nation necessary for an understanding of the transactions

Oirectors Fees

ltem 1.24 includes remuneration paid to the Directors including remuneration paid to the Managing Director.

Non-cash financing and investing activities

2.1 Detai ls of financing and in vesting tra nsactions w hich have had a materia! effect on consol idated assets and liabilities but did not in volve cash tlows

2.2 Details of outlays made by other entities to establ ish or increase thei r sha re in businesses in which

l ::;•porti"g e"tity h"ao i"tecest

Financing facilities available

Add notes as necessary for an understanding ofthe position. (See AASB 1026 paragraph 12.2).

3.1 Loa n faci l ities

3.2 C redit standby ar rangements

+ See chapter 1 9 for defined tcrms.

24/1 0/2005 Appendix 4C Page 3

Appendix 4C

Quarterly report for entities

admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statem ent of cash flows) to the related items in the accounts is as follows.

Acquisitions and disposals of business entities

5.1 Name of entity

5.2 Piace of incorporation or registration

5.3 Consideration for

acq uisition or disposal

5.4 Total net assets

5.5 Nature of business

Compliance statement

This statem ent has been prepared under accounting policies w hich comply w ith accounting standards as defined in the Corporations Act (except to the extent that inform ation i s not requi red because of note 2) or other standards acceptabl e to ASX.

2 This statement does give a true and fair view ofthe matters disclosed.

Sign here: Print name: .....Jamie Dreckow ...............................................

+ See chapte r 19 for defined terms.

Appendix 4C Page 4 24110/2005

Notes

Appendix 4C Quarterly report for entities admitted on the basis of commitments

l. The quarterly report provides a basis for informing the market how the entity 's activities have been tìnanced for the past quarter and the effect on its cash position. An entity wanting to discl ose additional information is encouraged to do so, in a note or notes attached to this report.

2. The detìnitions in, and provisions of, AASB l 026: Statement of Cash Flows apply to this report except for the paragraphs ofthe Standard set out below.

• 6.2 - reconciliation of cash flows arising from operating activities to operating protìt or l oss

• 9.2 - itemi sed disclosure relating to acquisitions

• 9.4 - itemised disclosure relating to disposals

• 12.1 (a) - policy for classification of cash items

• 12.3 - disclosure of restrictions on use of cash

• 13.1 - comparative information

3. Accounting Standards. ASX will accept, for example, the use of lnternational Accounting Standards for foreign entities. lf the standards used do not add ress a topic, the Australian standard on that topic (if any) must be complied w ith.

+ See chapter 19 for defined terms.

24/10/2005 Appendi x 4C Page 5

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