MELBOURNE, AUSTRALIA and AUCKLAND, NEW ZEALAND--(Marketwire - November 26, 2007) - Living Cell Technologies Limited (ASX: LCT) (PINKSHEETS: LVCLY) today announced that U.S.-based NaviGroup Management Limited has conditionally agreed to waive its 90-day right to purchase up to US$6 million of LCT’s ordinary shares at $A0.20 per share, retaining its right to purchase up to US$6 million of LCT’s ordinary shares at 80% of the 30-day average closing bid price for an ordinary share of LCT.
