Pursuant to ASX Listing Rule 17.1, Mesoblast Limited ACN 109 431 870 (ASX: MSB; NASDAQ: MESO) (the Company) requests a trading halt in its securities effective immediately pending an announcement by the Company in relation to a proposed private placement to a targeted industry investor.

For the purposes of Listing Rule 17.1, the Company provides the following information: (a) the trading halt is requested pending an announcement in relation to the matters above; (b) the Company requests that the trading halt continues until the earlier of it making an announcement regarding the matters above and the commencement of trading on Tuesday, 2 March 2021 and the Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Contact:

Schond Greenway

Tel: + 1 212 880 2060

Email: schond.greenway@mesoblast.com

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