Ms. Philippa Lewis reports

SIMAVITA RELEASES UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014

Simavita Ltd. has released its financial results for the first quarter ended Sept. 30, 2014, reported in Australian dollars and in accordance with international financial reporting standards. The company's results are presented in comparison with the three months ended Sept. 30, 2013, which were also prepared in accordance with IFRS.

Quarterly highlights

Notable developments and achievements during the first quarter and up to the date of this release included:

• Successful completion of a private placement and capital raise in Australia via a CDI purchase plan, raising gross proceeds of $3,633,497;
• Completion of the rollout of the company's fourth-generation SIM (smart incontinence management) technology to its existing customers in the Australian market and to new customers in the United States;
• Commencement of sales in the U.S. market through its exclusive distributor, Medline Industries Inc.;
• Forecast revenues for the first half of the 2015 financial year likely to exceed 2014 full-year revenues;
• Agreement in principle reached with Sanicare Sweden to develop first Swedish SIM showcase site;
• Danish showcase site progresses, along with negotiations with potential European distributors;
• Craig Holland appointed as a non-executive director of the company.

For further information, please visit the company's profile on SEDAR or the company's website.