US SEC declares Unilife's Form S-1 Resale Registration Statement effective

Jul 3 2010

Unilife Corporation ("Unilife" or "Company") (Nasdaq: UNIS, ASX: UNS) wishes to advise that its Form S-1 Resale Registration Statement has now been declared effective by the United States Securities and Exchange Commission ("SEC"). As previously advised, the Registration Statement simply removes restrictions which apply under US federal securities laws to the sale of shares underlying certain options previously issued by the Company.  

The Registration Statement, while effective, allows the optionholders to freely trade the shares issued or issuable upon exercise of their options (other than affiliates of Unilife to whom certain re-sale restrictions will still apply). The Company is not issuing any new share capital and will not receive any proceeds from the issue of the shares (other than the exercise price payable by optionholders on exercise of their options).

The options to which this Registration Statement applies are the replacement Unilife Corporation options which were issued to optionholders upon the redomiciliation undertaken by the Unilife Group in January 2010.

A copy of the Form S-1 Resale Registration Statement can be viewed at the address below:

http://sec.gov/edgar/searchedgar/webusers.htm