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Appendix 4C Quarterly report for entities admitted on the basis of commitments Rule 4.7B Appendix 4C Quarterly report for entities admitted on the basis of commitments Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/1

Key Takeaway: admitted on the basis of commitments for entities admitted the basis of commitments Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10 Name of entity Mesoblast Limited ABN Quarter ended ( current quarter ) 68 109 431 870 31 March 2016 Consolidated stateme

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admitted on the basis of commitments
for entities admitted
the basis of commitments
Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10
Name of entity
Mesoblast Limited
ABN Quarter ended ( current quarter )
68 109 431 870 31 March 2016
Consolidated statement of cash flows
Year to date
Cash flows related to operating activities Current quarter $USD 000 (9 months) $USD 000
1.1 Receipts from customers:
a) Licensing Fee Revenue 3,500
b) R&D Tax Incentive received
1.2 Payments for:
(a) staff costs (2,552 ) (10,341 )
(b) research and development (8,718 ) (31,868 )
(c) manufacturing commercialisation (7,149 ) (18,547 )
(d) intellectual property portfolio expenses (462 ) (1,860 )
(e) other expenses from ordinary activities (3,461 ) (11,607 )
1.3 Dividends received
1.4 Interest and other items of a similar nature received 308 816
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other
Net operating cash flows (22,034 ) (69,907 )
Quarterly report for entities
admitted on the basis of
Current quarter $USD 000 Year to date (9 months) $USD 000
1.8 Net operating cash flows (carried forward) (22,034 ) (69,907 )
Cash flows related to investing activities
1.9 Payment for acquisition of:
(a) businesses (item 5)
(b) equity investments
(c) intellectual property (200 )
(d) physical non-current assets (67 ) (680 )
(e) other non-current assets (805 )
1.10 Proceeds from disposal of:
(a) businesses (item 5)
(b) equity investments
(c) intellectual property
(d) physical non-current assets
(e) other non-current assets
1.11 Loans to other entities
1.12 Loans repaid by other entities
1.13 Other:
(a) Payments for financial derivatives
(b) Security deposits
Net investing cash flows (67 ) (1,685 )
1.14 Total operating and investing cash flows (22,101 ) (71,592 )
Cash flows related to financing activities
1.15 Proceeds from issues of shares, options, etc. 68,549
1.16 Proceeds from sale of forfeited shares
1.17 Proceeds from borrowings
1.18 Repayment of borrowings
1.19 Dividends paid
1.20 Share issue costs 117 (6,501 )
Net financing cash flows 117 62,048
Net increase (decrease) in cash held (21,984 ) (9,544 )
1.21 Cash at beginning of quarter/year to date 120,783 110,701
1.22 Exchange rate adjustments to item 1.21 1,130 (1,228 )
1.23 Cash at end of quarter 99,929 99,929
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
Current quarter $USD 000
1.24 Aggregate amount of payments to the parties included in item 1.2 425
1.25 Aggregate amount of loans to the parties included in item 1.11
1.26 Explanation necessary for an understanding of the transactions
Payments to directors (For the Current Quarter) = 425k
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
n/a
2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
n/a
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available $USD 000 Amount used $USD 000
3.1 Loan facilities
3.2 Credit standby arrangements
Quarterly report for entities
admitted on the basis of
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. Current quarter $USD 000 Previous quarter $USD 000
4.1 Cash on hand and at bank 5,945 6,730
4.2 Deposits at call 46,992 51,265
4.3 Bank overdraft
4.4 Term deposits 46,992 62,788
Total: cash at end of quarter (item 1.23) 99,929 120,783
Acquisitions and disposals of business entities
Acquisitions (Item 1.9(a)) Disposals (Item 1.10(a))
5.1 Name of entity n/a n/a
5.2 Place of incorporation or registration n/a n/a
5.3 Consideration for acquisition or disposal n/a n/a
5.4 Total net assets n/a n/a
5.5 Nature of business n/a n/a
Compliance statement
Sign here: /s/ Charlie Harrison Date: 28 April 2016
(Company Secretary)
Print name: Charlie Harrison
Quarterly report for entities
admitted on the basis of commitments
Last updated: Apr 29, 2016