Statement on Silicon Valley Bank (SVB)

On March 13, 2023 CLINUVEL reported that it has no deposits held with the Silicon Valley Bank (SVB) Financial Group. The Company has no business with, or exposure to, the closure and receivership of SVB or any of its affiliates or subsidiaries (Press release, Clinuvel, MAR 13, 2023, View Source;mc_eid=a3338e0afe [SID1234628548]).

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