Adelaide Australia - Mayne Pharma Group Limited (ASX: MYX) is pleased to announce that Ann Custin has accepted an invitation to join the Board of Mayne Pharma, effective 23 March 2022. Ms Custin, a US resident, has almost 40 years of experience in the healthcare sector. Most recently, Ms Custin was Board Director and CFO of Siemens Medical Solutions (now Siemens Healthineers), a leading medical technology company with EUR20b in revenues. Previously, she was Chief Operating and Financial Officer of Scient'x Group and President and CEO of USA Draeger Medical Systems.

Mayne Pharma's Chair Mr Frank Condella said, 'We are delighted to welcome Ann to the Board of Mayne Pharma. She is an experienced executive with a wealth of healthcare commercial experience across the US, Europe and Asia. She has extensive experience in strategy, financial planning and reporting, portfolio management, sales operations, manufacturing, risk management, business and corporate development.'

Commenting on her appointment, Ms Ann Custin said, 'I look forward to applying my skills and experience in guiding Mayne Pharma strategically and realising the potential of its asset base established in both product and pharma service end markets. I am particularly excited about supporting the Board to unlock the value of Mayne Pharma's businesses for the benefit of shareholders and ensure the Company delivers sustainable profitable growth into the future.'

Ms Custin is currently a director of two women's health focused companies - ASX-listed Volpara Health and NASDAQ-listed Establishment Labs. She has a Bachelor of Accounting from Queens College and was a Certified Public Accountant. Ms Custin will also join Mayne Pharma's Audit and Risk Committee.

Contact:

Lisa Pendlebury

VP

Investor Relations & Communications

T: +61 419 548 434

E: lisa.pendlebury@maynepharma.com

About Mayne Pharma

Mayne Pharma is an ASX-listed specialty pharmaceutical company focused on commercialising novel and generic pharmaceuticals, offering patients better, safe and more accessible medicines. Mayne Pharma also provides contract development and manufacturing services to clients worldwide.

Mayne Pharma has a 40-year track record of innovation and success in developing new oral drug delivery systems. These technologies have been successfully commercialised in numerous products that continue to be marketed around the world. Mayne Pharma has two facilities based in Salisbury, Australia and Greenville, NC, US with expertise in the formulation of complex oral and topical dose forms including potent compounds, modified-release products and poorly soluble compounds.

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