MELBOURNE,Australia,Nov. 28,2024 --Telix Pharmaceuticals Limited (ASX: TLX; Nasdaq: TLX,Telix,the Company) and Grand Pharmaceutical Group Limited (00512.HK,Grand Pharma) today announce that afirst patient has been dosed in the Phase III ZIRCON-CP trial of TLX250-CDx positron emission tomography (PET) imaging of clear cell renal cell carcinoma (ccRCC). The patient was successfully dosed and imaged at Beijing Cancer Hospital in Beijing,China.

ZIRCON-CP is a multi-centrePhase III registrationtrial inChina intended to bridge to Telix's global Phase III ZIRCON trial,which met all co-primary and secondary endpoints,including showing 86% sensitivity and 87% specificity,and a mean positive-predictive value (PPV) of 93% for ccRCC[1]. The trial,which will enrol up to 82 patients,is beingconducted in collaboration with the Company's strategicpartnerfortheGreater Chinaregion,Grand Pharma,to demonstrate that the diagnostic utility of TLX250-CDx is equivalent in Chinese and Western populations. The clinical data from ZIRCON-CP is intended to support future marketing authorisation applications for this breakthrough technology.

Greater China represents a major market opportunity for radiopharmaceuticals,including TLX250-CDx,driven by increasing cancer incidence rates and an investment in installation of PET/CT cameras. In China alone – 73,000 people are newly diagnosed with kidney cancer each year[2].

Dr David N. Cade,Chief Medical Officer at Telix said,"Dosing and imaging a first patient in the ZIRCON-CP trial is a significant milestone for Telix and our partner Grand Pharma. We would like to thank Professor Peng Du and his team,as well as the patients who will contribute to this important trial,helping to advance TLX250-CDx towards regulatory filings in Greater China,where there is currently critical unmet medical need."

About TLX250-CDx

TLX250-CDx (Zircaix®[3]) is an investigational PET agent that is under development to characterise indeterminate renal masses (IRMs) as ccRCC or non-ccRCC in a non-invasive manner. Telix's pivotal Phase III ZIRCON trial (Zirconium inRenalCancerOncology,ClinicalTrials.gov ID:NCT03849118) evaluating TLX250-CDx in 300patients,of which 284 were evaluable,met all primary and secondary endpoints including showing 86% sensitivity and 87% specificity and a 93% positive-predictive value for ccRCC across three independent readers. We believe this demonstrated the ability of TLX250-CDx to reliably detect the clear cell phenotype and provide an accurate,non-invasive method for diagnosing ccRCC. Confidence intervals exceeded expectations in all three readers,showing evidence of high accuracy and consistency of interpretation.

As part of Telix's commitment to access to medicine,the Company continues to run an expanded access program (EAP) in the U.S.[4],named patient programs (NPPs) in Europe,and a special access scheme (SAS) in Australia to allow continued access to TLX250-CDx outside of a clinical trial to patients for whom there are no comparable or satisfactory alternate options.

Telix's Policy on Offering Compassionate Use to Investigational Medicines can be downloaded at the followinglink.

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development and commercialisation of therapeutic and diagnostic radiopharmaceuticals and associated medical technologies. Telix is headquartered in Melbourne,with international operations in the United States,Europe (Belgium and Switzerland),and Japan. Telix is developing a portfolio of clinical and commercial stage products that aims to address significant unmet medical needs in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX) and the Nasdaq Global Select Market (Nasdaq: TLX).

Telix's lead imaging product,gallium-68 (68Ga) gozetotide injection (also known as 68Ga PSMA-11 and marketed under the brand name Illuccix®),has been approved by the U.S. Food and Drug Administration (FDA)[5],by the Australian Therapeutic Goods Administration (TGA)[6],and by Health Canada[7]. No other Telix product has received a marketing authorisation in any jurisdiction.

Visit www.telixpharma.com for further information about Telix,including details of the latest share price,ASX and SEC filings,investor and analyst presentations,news releases,event details and other publications that may be of interest. You can also follow Telix on XandLinkedIn.

Telix Investor Relations

Ms. Kyahn Williamson

Telix Pharmaceuticals Limited

SVP Investor Relations and Corporate Communications

Email: kyahn.williamson@telixpharma.com

Legal Notices

You should read this announcement together with our risk factors,as disclosed in our most recently filed reports with the Australian Securities Exchange (ASX),U.S. Securities and Exchange Commission (SEC),including our registration statement on Form 20-F filed with the SEC,or on our website.

The information contained in this announcement is not intended to be an offer for subscription,invitation or recommendation with respect to securities of Telix Pharmaceuticals Limited (Telix) in any jurisdiction,including the United States. The information and opinions contained in this announcement are subject to change without notification. To the maximum extent permitted by law,Telix disclaims any obligation or undertaking to update or revise any information or opinions contained in this announcement,including any forward-looking statements (as referred to below),whether as a result of new information,future developments,a change in expectations or assumptions,or otherwise. No representation or warranty,express or implied,is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement.

This announcement may contain forward-looking statements,including within the meaning of the U.S. Private Securities Litigation Reform Act of 1995,that relate to anticipated future events,financial performance,plans,strategies or business developments. Forward-looking statements can generally be identified by the use of words such as "may","expect","intend","plan","estimate","anticipate","believe","outlook","forecast" and "guidance",or the negative of these words or other similar terms or expressions. Forward-looking statements involve known and unknown risks,uncertainties and other factors that may cause our actual results,levels of activity,performance or achievements to differ materially from any future results,performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on Telix's good-faith assumptions as to the financial,market,regulatory and other risks and considerations that exist and affect Telix's business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix's business,forward-looking statements may include,but are not limited to,statements about: the initiation,timing,progress and results of Telix's preclinical and clinical trials,and Telix's research and development programs; Telix's ability to advance product candidates into,enrol and successfully complete,clinical studies,including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals for Telix's product candidates,manufacturing activities and product marketing activities; Telix's sales,marketing and distribution and manufacturing capabilities and strategies; the commercialisation of Telix's product candidates,if or when they have been approved; Telix's ability to obtain an adequate supply of raw materials at reasonable costs for its products and product candidates; estimates of Telix's expenses,future revenues and capital requirements; Telix's financial performance; developments relating to Telix's competitors and industry; and the pricing and reimbursement of Telix's product candidates,if and after they have been approved. Telix's actual results,performance or achievements may be materially different from those which may be expressed or implied by such statements,and the differences may be adverse. Accordingly,you should not place undue reliance on these forward-looking statements.

©2024 Telix Pharmaceuticals Limited. The Telix Pharmaceuticals®,Illuccix® and Zircaix®[3] names and logos are trademarks of Telix Pharmaceuticals Limited and its affiliates – all rights reserved.

[1]Shuch et al. Lancet Oncol. 2024. Telix ASX disclosures 7 November 2022.

[2]Globocan 2022.

[3]Brand name subject to final regulatory approval.

[4]ClinicalTrials.gov ID:NCT06090331.

[5]Telix ASX disclosure 20 December 2021.

[6]Telix ASX disclosure 2 November 2021.

[7]Telix ASX disclosure 14 October 2022.