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The purpose of the presentation is to provide an update of the business of Immutep Limited ACN 009 237 889 (ASX:IMM; NASDAQ:IMMP). These slides have been prepared as a presentation aid only and the information they conta

Key Takeaway: Date & Time: Wednesday, April 3, 2019, 7:45am Australian Eastern Standard Time Tuesday, April 2, 2019, 4:45pm US Eastern Daylight Time Register: Interested investors can register via a link to the webcast on the Company's website at the following link. https://fnn.webex.com/fnn

Full Press Release Details

Date & Time: Wednesday, April 3,
2019, 7:45am Australian Eastern Standard Time Tuesday, April 2, 2019, 4:45pm US Eastern Daylight Time Register: Interested investors can register via a link to the webcast on the Company's website at the following link.
https://fnn.webex.com/fnn/onstage/g.php?MTID=e94df697865171ec3d04084859139fb75 Eftilagimod Alpha Clinical Development Update and New Data from Ongoing Melanoma Study Exhibit 99.1
The purpose of the presentation is to
provide an update of the business of Immutep Limited ACN 009 237 889 (ASX:IMM; NASDAQ:IMMP). These slides have been prepared as a presentation aid only and the information they contain may require further explanation and/or clarification.
Accordingly, these slides and the information they contain should be read in conjunction with past and future announcements made by Immutep and should not be relied upon as an independent source of information. Please refer to the Company's website
and/or the Company's filings to the ASX and SEC for further information. The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or
warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current intentions,
plans, expectations and beliefs about future events are subject to risks, uncertainties and other factors, many of which are outside Immutep's control. Important factors that could cause actual results to differ materially from
assumptions or expectations expressed or implied in this presentation include known and unknown risks. Because actual results could differ materially to assumptions made and Immutep's current intentions, plans, expectations and beliefs
about the future, you are urged to view all forward looking statements contained in this presentation with caution. Additionally, the INSIGHT investigator sponsored clinical trial described in this presentation is controlled by the lead
investigator and therefore Immutep has no control over this clinical trial. This presentation should not be relied on as a recommendation or forecast by Immutep. Nothing in this presentation should be construed as either an offer to sell or a
solicitation of an offer to buy or sell shares in any jurisdiction. Notice: Forward Looking Statements
Evolution of Checkpoint Therapies LAG-3
has the potential to be the next meaningful checkpoint target Evolution of Immuno-Oncology Therapies Keytruda Keytruda/ chemo combination Opdivo/ anti-LAG-3 Combination(1) 2011 12 13 14 15 16 17 18 19 2021* Opdivo/ Yervoy combination
Yervoy Existing immuno-oncology therapies are CTLA-4, PD-1 and PD-L1 antagonists and are approved for many disease indications However, only 15 - 40% of solid tumors in patients respond to monotherapy Immuno-oncology market will be worth
approximately US$14 billion in 2019, rising to US$34 billion by 2024, with checkpoint therapies accounting for most of the market(2) Notes Expected timing, actual results may differ (BMS ASCO 2017 Investor Presentation) Global Data, Immuno-Oncology
Strategic Insight: Multi-Indication and Market Size Analysis (May 2016)
LAG-3 Therapeutic Landscape Overview
Immutep is the leader in developing LAG-3 modulating therapeutics Indicates one product; size indicates stage of development, green = product either developed by Immutep or under license from Immutep Indicates No. of patients on trials Phase 1
Preclinical Phase 2 Late stage Total estimated patients* Program Company Phase 1 Preclinical Phase 2 Pivotal Total estimated patients* Program Company Phase 1 Phase 2 Pivotal Company Eftilagimod Alpha (IMP321) LAG525 (IMP701) MK4280 424 BI 754111
MGD013 243 Macrogenics 1 trial B.I. Merck & Co. Inc. 3 trials 3 trials 1 trial 1 trial TSR-033 260 1 trial Tesaro(1) 1,017 Relatlimab 7,794 BMS 12 trials 2 trials 10 trials 814 1 trial 2 trials GSK2831781 (IMP731) 347 1 trial 1 trial TSR-033
MGD013 Incyte Corp. FS-118 SYM022 55 51 F-Star Symphogen A/S 1 trial 1 trial 1 trial 30 INCAGN02385 INCAGN02385 Program Armo Biosciences IMP761 AM003 Tesaro(1) TSR-075 2 trials 3 trials 529 1 trial 1 trial MGD013 Innovent Biologics IBI-110 LAG-3/
PDL1 Bi. Avacta Group LAG-3 Bi. TRIGR Therapeutics Key Preclinical Xencor XmAb-22841 230 1 trial Notes: Sources: GlobalData, company websites, clinical trials.gov, and sec.gov Information as of March 28, 2019, includes planned and completed trials,
includes trials where the company may not be the sponsor (1) Tesaro was acquired by and is now part of GSK
Eftilagimod Alpha (Efti, IMP321)
Eftilagimod Alpha Dimeric, very stable,
high affinity for DC Antigen presenting cell (APC) activator Unique mechanism of action and potentially first-in-class Efti is a soluble recombinant fusion protein consisting of the Fc portion of a human antibody and the four extracellular domains
of LAG-3 CH3 CH2 Hinge CH1 VH VL CL Human IgG1 Soluble LAG-3 CH3 CH2 Hinge IMP321 "LAG-3Ig" D4 D3 D2 D1 D1 D2 D3 D4 MHC II binding site
Only APC targeting LAG-3 product
candidate currently in clinical development A unique approach ("turning cold tumors into hot tumors" with LAG-3) Synergistic with other therapeutic agents and modalities e.g. IO agents, chemotherapy Efti - Innovative LAG-3 IO Product
Candidate Efti is a MHC II agonist APC activator Boost and sustain the CD8+ T cell responses Activate multiple immune cell subsets "PUSHING THE ACCELERATOR ON IMMUNE RESPONSES" "RELEASING THE BRAKE ON THE T CELL" LAG-3
antagonist, or blocking, antibodies: Immune checkpoint inhibitor Increase cytotoxicity of the pre-existing CD8 T cell response
Notes * Actual timing of data readouts
may differ from expected timing shown above. Information in pipeline chart current as at 12 February 2019. In combination with KEYTRUDA (pembrolizumab) in non-small cell lung carcinoma ("NSCLC") or head and neck carcinoma
("HNSCC"); clinical trial is currently planned and not active INSIGHT Investigator Initiated Trial ("IIT") is controlled by lead investigator and therefore Immutep has no control over this clinical trial In combination with
BAVENCIO (avelumab) Clinical trial is currently planned and not active EOC Phama is the sponsor of the EOC 202 clinical trial which is being conducted in the People's Republic of China Late Stage Eftilagimod Alpha (LAG-3lg or IMP321),
APC activating fusion protein Commercial Rights/Partners Global Rights Chinese Rights Program TACTI-mel (IO-IO Combo) Melanoma TACTI-002 (IO-IO Combo) NSCLC (1st/2nd L.) HNSCC (2nd) (1) Phase I Preclinical (2),(3),(4) INSIGHT-004
(IO-IO Combo) Solid Tumors EOC 202 (Chemo-IO Combo) Metastatic Breast Cancer Oncology Phase II (5) AIPAC (Chemo-IO Combo) Metastatic Breast Cancer (2) INSIGHT (In situ Immunization) Solid Tumors 2019 2019 2019 2019 2019 Eftilagimod Alpha Clinical
Trials* Expecting multiple data readouts throughout H2 2019*
Efti Clinical Development
Efti - Areas of Development Multiple
Strategies Chemo-immunotherapy Exploit the antigen debris from chemotherapy with an APC activator combination with agents such as taxanes (e.g. paclitaxel) Phase I Solid Tumors (Cytlimic) Phase I INSIGHT - Stratum A+B (IKF3) Phase I TACTI-mel
(Immutep) Phase II TACTI-002 (Immutep1) Phase I INSIGHT - Stratum D (Immutep2) European Phase IIb AIPAC (Immutep) Chinese Phase I Chemo Combo in MBC pts (EOC) Notes In collaboration with Merck & Co., Inc., Kenilworth, NJ, USA (known as MSD
outside the United States and Canada) and in combination with KEYTRUDA (pembrolizumab) In collaboration with Merck KGaA, Darmstadt, Germany and Pfizer Inc. and in combination with BAVENCIO (avelumab) INSIGHT Investigator Initiated Trial
("IIT") is controlled by lead investigator and therefore Immutep has no control over this clinical trial Efti has multiple shots on goal in different indications and in different combinations Cancer vaccine or in situ vaccination
Stimulate the immune system locally intratumoral or in vaccination studies IO-IO combination Increase response rates and durability, overcoming resistance in combination with IO agents with complementary mechanisms (e.g. pembrolizumab,
Efti TACTI-mel results
Part A: 1, 6 and 30 mg efti s.c.
every 2 weeks starting with cycle 5 of pembrolizumab Part B: efti at 30 mg s.c. every 2 weeks starting with cycle 1 of pembrolizumab Status: recruitment completed; interim results on following slides Pembrolizumab (Keytruda ) 2 mg/kg
every 3 weeks i.v. part A and B Phase I, multicenter, open label, dose escalation 24 patients, 4 cohorts of 6 patients Efti (IMP321) + anti-PD-1 (Keytruda ) Recommended Phase II dose, safety and tolerability Efti in Melanoma TACTI-mel -
Trial Design 7 sites in Australia TACTI-mel: Two ACTive Immunotherapeutics in Melanoma Other objectives PK and PD of efti, response rate, PFS Patient Population Metastatic melanoma
Efti in Melanoma TACTI-mel -
Safety Part A + B Adverse Event* Any grade N (%) Grade 3 N (%) Abdominal pain (various terms) 5 (21) - Arthralgia 5 (21) 1 (4) Cough 4 (17) - Diarrhea / Colitis 6 (25) 1 (4) Fatigue 12 (50) - Headache 4 (17) - Injection site reaction 6 (25)
- Nausea 7 (29) - Rash## 12 (50) 1 (4) * - Adverse events occurred in > 15 % of pts ## - any kind of rash Frequent TEAE (selected if 15 % of pts) 2 pts died due to AE (grade 4 intracranial hemorrhage, not related to treatment; grade 4
Sepsis, not related to treatment) 1 pt disc. due to an AE (anaemia; not related to treatment) 6 pts experienced treatment delays due to AEs Reported term Grade 3 N (%) Grade 4 N (%) Rel to efti / pembro Maculo-papular rash 1 (4 %) - No / Yes
Decreased renal function 1 (4 %) - Yes / No Colitis 1 (4 %) - No / Yes Altered liver functions 1 (4 %) - No / Yes Arthralgia 1 (4%) - No / Yes Grade 3 / 4 TEAEs and rel. to study treatment 10 SAEs in 9 pts; one related to pembrolizumab, none to efti
6 pts (25 %) with 1 AE grade 3 (no grade 5) Efti has a favorable safety profile in combination with pembrolizumab - No DLTs or MTDs and no new safety signals observed preliminary data, cut-off February 2019
Efti in Melanoma TACTI-mel -
Blood Pharmacodynamics ** ** 1st application 6 months Pre Post Pre Post [IFN-g] (pg/ml) Part A IFN-g (not yet available for Part B) Activated CD8 T cells DR+ CD38+ CD8 T cells (cells/ l) Baseline 3 months 6 months Part B DR+ CD38+ CD4 T cells
(cells/ l) ** Baseline 3 months 6 months Activated CD4 T cells Part B At 6 months, pre-dose (i.e. 14 days after last injection) serum IFN- is elevated: sustained increase of systemic Th1 status (i.e. not at the tumor site only, but in the
whole organism) Also increased absolute numbers of activated CD4 and CD8 cells for all patients in part B Improved Th1 status and increased activated T cells numbers have also been reported for efti + chemo (AIPAC) Sustained markers of immune
response observed preliminary data, cut-off February 2019
Baseline Characteristics Part A N =
18 (%) Part B N = 6 (%) Overall N =24 (%) Median Age 67 yrs 61 yrs 62 yrs Sex (f/m) 6 % / 94 % 17 % / 83 % 8 % / 92 % ECOG 1 / 0 22 % / 78 % 50 % / 50 % 29 % / 71 % Pre-treated with BRAF/MEK/ipilimumab 5 (28 %) 0 (0 %) 5 (21 %) Poor prognostic
marker at study entry Elevated LDH (>ULN) 7 (39%) 5 (83%) 12 ( 50 %) Liver metastasis 10 (56 %) 2 (33 %) 12 (50 %) Lung metastasis 11 (61 %) 5 (83 %) 16 (67 %) Metastatic stage M1c 14 (78 %) 6 (100 %) 20 (83 %) Efti in Melanoma TACTI-mel -
Baseline Characteristics Patients in very late stage of disease (M1c, elevated LDH, liver metastasis) preliminary data, cut-off February 2019
Best Overall Response acc. to irRC N
= 18 (%) irCR 1 (6 %) irPR# 5 (28 %)# irSD 6 (33 %) irPD 6 (33 %) Best overall response rate (ORR) 6 (33 %) Patients with tumor shrinkage 10 (56 %) Disease control rate 12 (66 %) # - incl. 1 pt with complete disappearance of all target lesions; CR
acc. to RECIST 1.1 Waterfall plot* (part A) (starting with cycle 5 of pembrolizumab) Majority not responding to pembrolizumab monotherapy Tumor shrinkage in 56 % incl. 2 pts with disappearance of all target lesions Efti in Melanoma TACTI-mel
- Results Part A * - according to irRC Spider plot* (part A) (starting with cycle 5 of pembrolizumab) preliminary data, cut-off February 2019 Exploratory analysis (C1D1 pembrolizumab): ORR of 61 %
Best Overall Response acc. to irRC N
= 6 (%) irCR 0 (0 %) irPR# 3 (50 %)# irSD 1 (13 %) irPD 2 (25 %) Best overall response rate (ORR) 3 (50 %) Patients with tumor shrinkage 3 (50 %) Disease control rate 4 (66 %) # - incl. 1 pt with complete disappearance of all target lesions
Waterfall plot* (part B) Confirmed deep partial responses in 3 (50%) of the pts Treatment of 4 pts ongoing, all over 6 months Efti in Melanoma TACTI-mel - Results Part B * - acc to irRC Spider plot* (part B) preliminary data, cut-off February
July 2018 (baseline) January 2019 (6
months) 69 year old male Multiple lung, bone, liver and lymph node metastases from melanoma M1C stage BRAF wild type ECOG 1 L L L L clear regression of lung and liver metastases treatment continues (6+ months) Efti (IMP321) in
Melanoma TACTI-mel - Results Part B - Single Case Lung Liver preliminary data, cut-off February 2019
ORR acc. to irRC (C1/D1 analysis)(1)
N = 24 (%) irCR 1 (4%)(1) irPR# 13 (54%)(1),(2) irSD 6 (25%)(1) irPD 4 (17%)(1) Overall response rate (ORR) 14 (58%)(1) Progression-free at 6 months 14 (58%)(1) Overall response rate is 58% and 58% of patients are progression-free 6 months after
start of pembrolizumab (1) Note Trial Design TACTI-mel part A: Combination treatment of efti and pembrolizumab starts at cycle 5 in patients not responding well or progressing on pembrolizumab difficult to compare to any historical control
How does the efficacy looks from the start of pembrolizumab? Performed exploratory analysis starting from cycle 1 day 1 of pembrolizumab, including the 4 cycles pembrolizumab monotherapy ("C1/D1 Analysis") and include pts from
part B Waterfall Plot* (part A+B) (starting cycle 1 day 1 pembrolizumab) Efti in Melanoma TACTI-mel - Analysis Parts A+B (1) Notes Response rates determined by C1/D1 Analysis for part A Includes 2 patients with complete disappearance of all
target lesions, but with remaining non-target lesions or lymph nodes preliminary data, cut-off February 2019
Swimmerplot parts A + B (starting
cycle 1 day 1 pembrolizumab) No treatment termination due to safety issues of the combination 5+ pts on treatment for > 12 months durable responses 8 (4 part A) and (4 part B) patients still progression free and under treatment Conclusion
BOR (C1D1) irPR irPR irPR irSD irCR irPR irPR irPR irPR irSD irPR irPR irSD irPR irPD irSD irPR irPD irPR irSD irPD irPR irPD irPD Efti in Melanoma TACTI-mel - Analysis Parts A+B (2) Note: BOR - best overall response per patient with
start of pembrolizumab as baseline preliminary data, cut-off February 2019
Efti in Melanoma Comparison to
historical controls TACTI-Mel enrolled ipilimumab (ipi) naive and ipi pre-treated patients Keynote-002 (pre-treated) and Keynote-006 (naive) used for comparison Baseline Characteristics Tacti-Mel (C1/D1 response analysis) Pembro 2 mg/kg N=24
in % KN-006 (ipi naive) Pembro 10 mg/kg n=277 in % KN-002 (ipi pre-treated) Pembro 2 mg/kg n=180 in % Metastatic stage M1c 83% 68% 82% ECOG 1 / 0 29% / 71% 32% / 68% 45% / 55% irCR 4%(1) 6%(2) 2%(2) ORR 58%(1) 33%(2) 21%(2) Progression-free at 6
months 58%(1) 46%(2) 34%(2) 58 % response rate(1, 2) and 58 % progression free at 6 months (1, 2) with the PD-1 antagonist pembrolizumab and APC activator eftilagimod alpha in very late stage partly pre-treated metastatic melanoma patients How does
the data fit in the treatment landscape and in comparison to pembro monotherapy? Notes Response rates determined by C1/D1 Analysis TACTImel used irRC and KN-002 and KN-006 ECIStT1.1 Source of the figure: 7th edition (2010) of the AJCC cancer staging
manual preliminary data, cut-off February 2019
Efti Clinical Development Updates
TACTI-002 / INSIGHT-004 /AIPAC
Phase II, multi-national (EU + US +
AU), open label Simon's 2 stage design; 3 indications; 109 pts ORR, PFS, OS, PK, Biomarker; Safety and tolerability Patient Population A: 1st line NSCLC PD-X naive B: 2nd line NSCLC, PD-X refractory C: 2nd line HNSCC, PD-X na ve Treatment
30 mg Efti (IMP321) s.c. 200 mg Pembrolizumab i.v. Efti (IMP321) + Pembrolizumab (Keytruda ) for 12 months + 12 months pembrolizumab mono 13 sites in Europe / US / Australia Fully approved in all countries (ES, GB, US, AU) >10 patients
enrolled First data expected mid 2019 Status Report (Apr 2019) Efti - Clinical Development TACTI-002 (Phase II) NSCLC - non-small-cell lung cancer, HNSCC - head and neck squamous cell cancer, ORR - overall response rate, PFS
- progression free survival, OS - overall survival, PK -pharmacokinetics, PD-X - any PD-1 or PD-L1 treatment Key features: PD-X refractory patients (part B), chemo-free option for NSCLC, first FDA IND In collaboration with
Last updated: Mar 28, 2019