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2013 Preliminary Results Chris Spooner - CEO

Christophe Foucher - COO Alan Olby - CFO

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Disclaimer

1

The contents of this presentation and the information which you are given at the time of these slides and the presentation have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (the “Act”). Reliance on this presentation and its slides for the purpose of engaging in investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. This presentation does not constitute or form part of any offer for sale or subscription or solicitation of any offer to buy or subscribe for any securities in Sinclair IS Pharma Plc (the “Company”) nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information contained in these slides or presentation and/or opinions therein. These slides and the presentation are exempt from the general restriction (in section 21 of the Act) on the communication of invitations or inducements to engage in investment activity on the grounds that it is made to: (a) persons who have professional experience in matters relating to investments who fall within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (b) high net worth entities and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not rely on this presentation or any of its contents and all persons (whether relevant persons or otherwise) are recommended to

seek their own independent financial advice from a person authorised for the purposes of the Act before engaging in any investment activity involving the Company’s securities. This presentation includes certain forward-looking statements with respect to certain development projects, potential collaborative partnerships, results of operations and certain plans and objectives of the Company including, in particular and without limitation, the statements regarding potential sales revenues from products, both currently marketed and under development, possible launch dates for new products and line extensions, and any revenue and profit guidance. By their very nature forward-looking statements involve risk and uncertainty that could cause actual results and developments to differ materially from those expressed or implied. The significant risks related to the Company’s business which could cause the Company’s actual results and developments to differ materially from those forward-looking statements are discussed in the Company’s annual report and other filings. All forward-looking statements in this presentation are based on information known to the Company on the date hereof. The Company will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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2013 Overview

2

• Good results • Group sales increase 4% LFL with core dermatology revenues up

9% LFL • International operations reported 20% LFL growth • 69% improvement in adjusted pre-tax profits to £4.3m

• Strategic acquisition of Sculptra® builds aesthetics franchise

• Further strong improvement in cash generation and reduction in net debt

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Financial Highlights

• Revenues increased by 7.7% to £55.4 million (2012: £51.4 million)

• Like-for-like (‘LFL’)1 revenues increased by 4% overall and 9% for core dermatology portfolio

• Adjusted EBITDA2 increased to £7.2 million (2012: £5.6 million)

• Adjusted profit before tax3 of £4.3 million (2012: £2.6 million)

• Strong reduction in net debt to £6.9 million (2012: £9.1 million)

1 Like-for-like revenues exclude product acquisitions and disposals, one-off licence income and currency fluctuations 2 Adjusted EBITDA is defined as earnings before interest, tax, depreciation, amortisation, share based payments, exceptional items and discontinued operations 3 Adjusted PBT excludes intangible asset amortisation , exceptional items and discontinued operations

3

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Summary Income Statement

• 2012 comparatives adjusted for treatment of discontinued operations. Gross profit & EBITDA increased by £0.8m

• Revenues increased with full year from ABT and Sculptra, offset by £2.1m reduction in sales of Variquel/Cryogesic and a weaker Euro

• Continued investment in sales and marketing, targeted at key brands

• Control over technical and admin costs results in these reducing to 20% of sales from 22%

• EBITDA margin increased to 13%

4

2013 2012£’m % £’m %

Revenue 55.4 51.4Gross profit 33.8 61% 31.3 61%

Selling, marketing and distribution (15.3) 28% (14.5) 28%

Development & Reg affairs (3.1) 6% (3.6) 7%

Manufacturing support (1.4) 3% (1.5) 3%

G&A (6.6) 12% (6.2) 12%

FX loss/gain (0.2) 0% 0.1 0%

Adjusted EBITDA 7.2 13% 5.6 11%

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Revenue by Geography

5

2013 2012£'m £'m LFL %

France 12.2 12.6 -8%UK 8.6 10.1 -11%Germany 4.7 4.9 -10%Spain 4.8 3.5 24%Italy 4.5 4.4 2%Country operations 34.8 35.5 -5%

Asia 6.4 3.7 37%MENA 7.0 5.7 27%Americas, N&E Europe 7.2 6.1 2%International 20.6 15.5 20%Other 0.0 0.4 n/a

55.4 51.4 4%

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Operating Margin

• Clear trend of year on year improvement in EBITDA margins

• EBITDA margin increased to 13% from -16% over 4 years

• Marginal EBITDA conversion of 40% for FY13 and 35% since FY09

6

*FY09 excludes one-off licence fees of £6.3m

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Exceptional Items and Discontinued Operations

* Non cash charges £15.3m

• Restructuring costs arise on further integration activities in technical function and settlement of legacy distributor claims

• Impairment charges: • Variquel £8.1m • Cryogesic £2.5m • Goodwill £3.7m • Other £0.9m

• Disposal of Fazol G results in profit over book value of £0.8m

• Manufacturing at Cléry ceased in June 2013, all goods now supplied by third parties

7

Exceptional Items 2013 2012£'m £'m

Restructuring costs (2.2) (2.3)Impairment charges* (15.2) (0.9)Profit on disposals 0.8 0.2Acquisition costs (0.1) (0.9)Release of fair value uplift on acquired inventory* (0.1) (0.7)

(16.8) (4.6)

Discontinued operations 2013 2012£'m £'m

Loss on manufacturing (0.6) (0.8)Closure costs (0.9) (2.7)Loss on discontinued operations (1.5) (3.5)

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Cash Flow

8

• Operating cash flow improved by 70% despite factory closure and other restructuring costs

• Non-core asset disposals (Fazol G, Fadiamone and Mela Aura) help to fund factory closure and focus portfolio

• Net debt of £6.9m at June 13 (<1.0x EBITDA) reduced from £9.1m last year

• New debt facility with Clydesdale Bank provides £9.0m of additional capital for future business development

2013 2012£’m £’m

Operating loss (14.8) (6.2)Non-cash items 19.6 7.8Working capital (1.4) 1.0Discontinued operations (0.8) (1.1)

Operating cash flow 2.6 1.5

Interest paid (1.0) (0.8)Tax paid (0.6) 0.2

Disposal proceeds 1.5 10.9Acquisition of ABT - (16.7)Acquisition of Sculptra licence (8.3) - Payment of deferred consideration (0.5) (3.7)Other investing activities (0.1) (0.9)Cash flow pre-financing (6.4) (9.5)

Cash from restricted deposits - 5.2Net movement in borrowings (1.4) 3.5Proceeds from share issue 8.8 - Net cash flow 1.0 (0.8)

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Balance Sheet

9

• Goodwill/intangibles reduced due to amortisation charge of £4.9m and impairments of £15.2m, offset by Sculptra addition £8.3m

• Inventory reduced by a further £1.0m due to factory closure and supply efficiencies

• Net working capital at £6.4m is £0.5m lower than 2012

• Provisions now all due within 1 year as factory closure costs

• Deferred tax liabilities are linked to IFRS3 valuations on acquired intangibles (ISP/ABT) meaning these are non cash liabilities which credit to P&L as assets amortised

2013 2012£'m £'m

Goodwill/Intangibles 121.4 129.7 Property, plant & equipment 0.5 0.8 Deferred tax & other assets 4.3 4.9 Assets held for sale - 0.4 Non-current assets 126.2 135.8 Inventories 4.8 5.8 Trade and other receivables 19.9 16.8 Cash and cash equivalents 5.1 4.0 Current assets 29.8 26.6 Borrowings (3.4) (3.1)Trade and other payables (18.4) (15.7)Current tax liabilities (0.3) (0.7)Deferred consideration (0.5) (0.5)Provisions (1.4) (0.4)Current liabilities (24.0) (20.4)Borrowings (8.5) (10.0)Deferred consideration (1.5) (1.7)Deferred tax liabilities (10.9) (13.3)Other non-current liabilities (0.6) (0.7)Provisions - (2.0)Non-current liabilities (21.5) (27.7)Net assets 110.5 114.3

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Sinclair IS Pharma at a Glance

• Dermatology now 80% of revenues delivering 9% LFL growth in FY13

• International operations now 37% of revenues growing 20% LFL in FY13

• 62% of revenues from non-reimbursed products (53% 2012)

10

Dermatology Top Products Indication

Aesthetics Kelo-cote®

Sculptra®

Scar reduction

Collagen stimulator

Wound Care Flammazine®

Flammacerium®

Aloclair®

Burns

Severe burns

Mouth ulcers

Skin Care Bio-Taches®

Atopiclair®

Papulex®

Sebclair®

Hyperpigmentation

Atopic dermatitis

Acne

Seborrheic dermatitis

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Key Brands - Growth and Concentration

11

• Strong European growth in Kelo-cote® (Germany, UK, France) Bio-Taches® (Spain) Aloclair® (Italy)

• Continuing strength in International Kelo® franchise +19% (Asia +39%) Papulex® +53% Atopiclair® +74% Bio-Taches® +43%

• Sculptra® launch in Europe exceeds expectations

34%

50% 54%

0%

20%

40%

60%

FY09 FY12 FY13

Leading five products % of total sales

+16%

-2%

+6%

H2 -23%

+65% +47% +21% +43%

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

£m 2013 revenue and LFL performance

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Kelo-cote® Drives International Growth

• 19% LFL Kelo® franchise growth, comprises one-third of International sales

• Asian Kelo-cote® sales advance strongly in China and South Korea. Additional impact from Kelo-cote® UV line extension

• Successful Kelo-stretch® (Glyderm®) launches in Indonesia Thailand and Taiwan with more planned for FY14

• MENA region delivers 55% LFL growth in Kelo-cote®. Rapid expansion in Saudi Arabia. Regional launches including Algeria

• Brazil continues to drive strong LATAM demand. Kelo-cote® registration in Mexico due in October

12

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Skin Care Grows Strongly in International Markets

• MENA Bio-Taches® sales grow 44% LFL to reach £1.8m. Strong progress in Algeria and Saudi Arabia. Continuing roll out of line extensions

• Strong Asian sales of Atopiclair® (+17% LFL) and Papulex® (+75% LFL) by Menarini. Atopiclair® launched in Indonesia and Vietnam

• Menarini continued to increase brand investment in Asia expanding their dermatology sales force and advocacy programmes in FY13

• Significant further growth from Sebclair® in the US (+47% LFL) due to continued promotion by US partner Dr Reddy’s

• International growth prospects enhanced in 2014 through Sebclair® Atopiclair® and Papulex® launches and line extensions.

13

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Global Partners Enable Multiple Product Launches

14

Distribution Partners

European Direct Sales and Marketing Operations

Target Markets

RUSSIA TURKEY BENELUX

Multiple Skin Care launches

MENA Kelo-cote® roll-out Flammacerium® launch Skin Care roll-outs

LATAM Kelo-cote® and Skin Care registration + launches

ASIA Sebclair® launch Kelo-stretch® roll-out Skin Care line extensions

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Europe Decline Masks Strong Start for Aesthetics

15

• European sales fell 5% LFL due to non-core products and French pharmacy market • Variquel® and Cryogesic® suffered generic and product competition in UK and Germany • French pharmacy sales declined in-line with weak local market • Production from Cléry Plant smoothly transferred to Fareva

• 24% LFL growth in Spain. Successful Kelo-cote® and Flammazine® partnership with Vemedia extended to Bio-Taches®

• Aesthetics franchise expected to return Europe to growth in FY14

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Aesthetics - Real Momentum in Europe going into 2014

• Sinclair aesthetic dermatology in Europe combines Sculptra® and Kelo-cote®

• European sales forces prioritise high margin private pay aesthetics business

• Strong overlap in target markets benefits European sales forces

• Kelo-cote® benefits from dedicated aesthetics sales forces and access to wider aesthetics markets. Highly successful Sculptra® EU5 launches in January 2013

• Aesthetics already 25% of European revenues and will become increasingly important

16

HIV Nurses

Burns Nurses

Plastic Surgeons Dermatologists Cosmetic Doctors Aesthetic Clinicians Cosmetic Nurses Aesthetic Nurses

Kelo-cote®

Sculptra®

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Sculptra’s European Opportunity

• European Dermal filler market expected to grow 8% compound to $230m by 2017

• Sculptra® is a growing global brand. US market now $40m

• Sculptra® has just 3% market share in Europe and only 7% in its biggest market the UK creating a major growth opportunity

• Sculptra® is highly differentiated lasting up to two years. Rebuilding collagen achieves natural facial rejuvenation. Treats cause of ageing not just its effects

• Clinician training key to shorter term targets whilst raising product profile as regulation increases

17

0

2

4

6

8

10

12

0

50

100

150

200

250

2011 2012 2013 2014 2015 2016 2017

France Germany Italy

Spain UK % Growth

Source: Millennium Research Group Dec 2012

European Dermal Filler Market 2011 - 2017 US$ m % Growth

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Sculptra’s European Opportunity

• Highly successful European Sculptra® launch for Sinclair. 2012 sales decline converted into 22% LFL sales growth in first 6 months

• Aesthetics team of 25 medical sales reps 5 product managers and European brand leader

• Strong prospects in 2014 with significant increase in planned resource for Aesthetics including a new branding and marketing campaign, plus significant pan European physician training programme

18

Sales (£m) Jan - June 12

Sales (£m) Jan - June 13 Sinclair

Growth %

France 0.9 1.1 24

UK 1.0 1.1 5

Spain 0.4 0.8 98

Germany 0.5 0.4 -14

Italy 0.1 0.2 47

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Sinclair IS Pharma – A Low Risk Growth Strategy

19

Strategy

• Focus on Dermatology

• Drive operating leverage through volume growth using European infrastructure

• Create strong organic sales growth from Emerging Markets

Tactics

• Create global Dermatology brands, organically and by acquisition from a strong base in Europe

• Grow proportion of revenues from non-reimbursed products

• Export Sinclair IS Pharma products and corporate brand image

• Improve distributive capability through fewer larger partners

• Focus portfolio through non-core disposals

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Conclusion

• Core Dermatology business has real momentum

• Aesthetics franchise expected to return Europe to growth in FY14

• Multi country, multi product International strategy now of great significance to Sinclair but market penetration still early stage

• Continue to increase operating margins through revenue growth and cost control

• Accelerate growth through product acquisitions and distribution deals

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Appendix

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Key brands

22

Product 2013 Sales Type Indication Ownership Rights Patent Protected

Kelo-cote® £9.1m Medical device Scar reduction Owned Worldwide ex US Yes

Flamma® Franchise £8.5m Drug Wound care Owned Substantially

Worldwide* No

Aloclair® £4.5m Medical device Mouth ulcers Owned Worldwide Yes

Sculptra® £3.8m Medical device Collagen stimulator Licensee Europe No

Variquel®/ Haemopressin® £3.8m Drug Bleeding oesophageal

varices Owned Worldwide No

Bio-Taches® £2.3m Cosmetic Hyper pigmentation Owned Worldwide No

Atopiclair® £2.1m Medical device Atopic dermatitis Owned Worldwide ex US Yes

Papulex® £1.9m Cosmetic Acne Owned Worldwide Yes

Sebclair® £1.8m Medical device Seborrheic dermatitis Owned Worldwide Yes

* Excludes UK and Italy in particular

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● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

Pipeline Summary

23

Product Indication Timing Comment

Dermatology – Aesthetics

KELO-COTE line extension Scar reduction 2014 Spray and gel with new actives for enhance wound healing and scar control

Dermatology – Wound Care

FLAMMACLAIR Household burns 2014 Trademark leverage

ALOCLAIR PLUS GEL Mouth Ulcers H2 2014 Enhanced formulation of proprietary Sinclair oral care

Dermatology – Skin Care

PAPUDUO Inflammatory Acne H1 2014 First anti-biofilm acne treatment

TERBINAFINE SPRAY Athlete's Foot 2015 Proprietary slow release patch applied to brand leader's API

Others

DELMOPINOL Dog chew 2014 Royalty deal, licensee has worldwide rights.

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Sinclair IS Pharma Brands

24

Aesthetics

Wound Care

Skin Care

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