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ADVANZ PHARMA CORP. LIMITED 2019 ANNUAL INFORMATION FORM March 25, 2020 TABLE of CONTENTS

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ADVANZ PHARMA CORP. LIMITED 2019 ANNUAL INFORMATION FORM March 25, 2020 TABLE of CONTENTS ADVANZ PHARMA CORP. LIMITED 2019 ANNUAL INFORMATION FORM March 25, 2020 TABLE OF CONTENTS EXPLANATORY NOTES ............................................................................................................................................ 5 Glossary ..................................................................................................................................................................... 5 Trademarks ................................................................................................................................................................ 5 Currency .................................................................................................................................................................... 5 Market Data ............................................................................................................................................................... 5 CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION .................................................... 6 CORPORATE STRUCTURE ..................................................................................................................................... 11 Name, Address and Incorporation ........................................................................................................................... 11 Internal Reorganizations .......................................................................................................................................... 11 Governance .............................................................................................................................................................. 12 RESTRUCTURING AND CAPITAL REALIGNMENT ........................................................................................... 13 GENERAL DEVELOPMENT OF THE BUSINESS .................................................................................................. 16 Corporate Events ..................................................................................................................................................... 16 Acquisitions ............................................................................................................................................................. 17 Three Year History .................................................................................................................................................. 17 DESCRIPTION OF THE BUSINESS ......................................................................................................................... 18 Intercorporate Relationships .................................................................................................................................... 19 Reportable Operating Segment Summary Table ..................................................................................................... 19 Specialized Skill and Knowledge ............................................................................................................................ 19 Competition ............................................................................................................................................................. 20 Long-Term Growth Strategy ................................................................................................................................... 20 ADVANZ PHARMA INTERNATIONAL ................................................................................................................. 21 Overview ................................................................................................................................................................. 21 Products ................................................................................................................................................................... 21 Asset Impairments ................................................................................................................................................... 22 Product Development and Production ..................................................................................................................... 22 Sales and Distribution .............................................................................................................................................. 23 Key Markets, Growth and Marketing Strategy ........................................................................................................ 23 United Kingdom ...................................................................................................................................................... 24 Intellectual Property Matters ................................................................................................................................... 25 Regulatory Matters .................................................................................................................................................. 25 Research and Development - Product Pipeline ........................................................................................................ 26 ADVANZ PHARMA NORTH AMERICA ................................................................................................................ 26 Overview ................................................................................................................................................................. 26 Products ................................................................................................................................................................... 26 Asset Impairments ................................................................................................................................................... 27 Product Development and Production ..................................................................................................................... 28 - 3 - Sales and Distributions ............................................................................................................................................ 28 Key Markets, Growth and Marketing Strategy ........................................................................................................ 28 Intellectual Property Matters ................................................................................................................................... 29 Regulatory Matters .................................................................................................................................................. 30 Research and Development - PDT with Photofrin®................................................................................................ 30 DESCRIPTION OF EQUITY CAPITAL STRUCTURE ........................................................................................... 30 Share Capital............................................................................................................................................................ 30 Management Incentive Plan .................................................................................................................................... 33 DIVIDEND POLICY .................................................................................................................................................. 34 RATINGS .................................................................................................................................................................... 34 Moody’s - Credit Rating History ............................................................................................................................. 34 Moody’s - Credit Rating Methodology ................................................................................................................... 35 S&P - Credit Rating History .................................................................................................................................... 36 S&P - Credit Rating Methodology .......................................................................................................................... 36 MARKET FOR SECURITIES .................................................................................................................................... 37 Trading Price and Volume ....................................................................................................................................... 37 Prior Sales ................................................................................................................................................................ 38 DIRECTORS AND EXECUTIVE OFFICERS OF THE COMPANY ....................................................................... 38 Shareholdings of Directors and Executive Officers ................................................................................................. 38 Non-Executive Directors ......................................................................................................................................... 38 Biographies .............................................................................................................................................................. 39 Executive Officers ..................................................................................................................................................
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