OPINION OF EMMET, MARVIN & MARTIN
Published on
Exhibit 4
EMMET, MARVIN & MARTIN, LLP 177 MADISON AVENUE
COUNSELLORS AT LAW MORRISTOWN, NEW JERSEY 07960
_____ (973) 538-5600
FAX: (973) 538-6448
120 Broadway _____
New York, New York 10271
_____ 1007 ORANGE STREET, SUITE 1460
WILMINGTON, DELAWARE 19801
Writer's Direct Dial (212) 238-3000 (302) 472-7000
(212) 653-1760 FAX: (302) 472-7120
_____ _____
Fax: (212) 238-3100 1351 WASHINGTON BOULEVARD
Fax: (212) 653-1730 STAMFORD, CONNECTICUT 06902-4543
http://www.emmetmarvin.com (203) 425-1400
FAX: (203) 425-1410
September 29, 2005
The Bank of New York,
as Depositary
101 Barclay Street
New York, New York, 10286
Re: American Depositary Receipts for Ordinary Shares of Novogen Limited
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Ladies and Gentlemen:
We refer to the registration statement to be filed on Form F-6 under the
Securities Act of 1933 (the "Registration Statement") by the legal entity
created by the agreement (the "Deposit Agreement") for issuance of American
Depositary Shares ("ADSs") evidenced by American Depositary Receipts ("ADRs")
for Ordinary Shares of Novogen Limited for which you propose to act as
Depositary.
We are of the opinion that the ADSs covered by the Registration Statement,
when issued in accordance with the terms of the Deposit Agreement, will, when
sold, be legally issued and will entitle the holders thereof to the rights
specified in the Deposit Agreement and the ADRs.
This opinion may be used by you as an exhibit to the Registration
Statement.
Very truly yours,
/s/ Emmet, Marvin & Martin, LLP
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EMMET, MARVIN & MARTIN, LLP