American Society for Experimental Neurotherapeutics - ASENT 2019 Annual Meeting. Walter E Kaufmann, MD CMO Nasdaq: AVXL March 2019

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LONGITUDINAL 148-WEEK EXTENSION STUDY OF ANAVEX 2-73 FOR THE TREATMENT OF ALZHEIMER S DISEASE DEMONSTRATES MAINTAINED ACTIVITIES OF DAILY LIVING SCORE (ADCS-ADL) AND REDUCED COGNITIVE DECLINE (MMSE) FOR PATIENT COHORT ON HIGHER DRUG CONCENTRATION AND CONFIRMS ROLE OF PRECISION MEDICINE PATIENT SELECTION BIOMARKERS American Society for Experimental Neurotherapeutics - ASENT 2019 Annual Meeting Walter E Kaufmann, MD CMO Nasdaq: AVXL March 2019

SAFE HARBOR This presentation contains forward-looking statements made within the meaning of the Private Securities Litigation Reform Act of 1995 by Anavex Life Sciences Corp. and its representatives. These statements can be identified by introductory words such as expects, plans, intends, believes, will, estimates, forecasts, projects, or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing potential product applications, potential collaborations, product development activities, clinical studies, regulatory submissions and approvals, and similar operating matters. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in reports filed by Anavex Life Sciences Corp. wit the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. Anavex Life Sciences Corp. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Anavex Life Sciences Corp. cannot be sure when or if it will be permitted by regulatory agencies to undertake clinical trials or to commence any particular phase of clinical trials. Because of this, statements regarding the expected timing of clinical trials cannot be regarded as actual predictions of when Anavex Life Sciences Corp. will obtain regulatory approval for any phase of clinical trials. We also cannot be sure of the clinical outcome for efficacy or safety of our compounds. Potential investors should refer to the risk factors in our reports filed on Edgar.

Anavex at a Glance APPROACH Applying precision medicine to CNS disorders Patient selection based on genomic screening and biomarkers MECHANISM SIGMAR1 restoring cellular homeostasis FOCUS Finding effective treatments for neurodevelopmental and neurodegenerative diseases $ LARGE MARKETS Addressing unmet needs such as global dementia, other neurodegenerative diseases as well as catastrophic orphan genetically caused diseases 3

SIGMAR1 Activation has been Shown to Modulate Multiple Aspects of Neurodegenerative Processes Sigma-1 receptor agonists have been shown to restore neuronal functions in neurodegenerative processes ANAVEX 2-73 alleviates Tau pathology in neurodegenerative disease models Sigma-1 receptor agonists have a neuroprotective effect in neurodegenerative disease models 4

ANAVEX 2-73 Phase 2a Study in Alzheimer s Disease* A ANAVEX 2-73 observed to be safe and well tolerated Efficacy (MMSE & ADCS-ADL) has been evaluated long-term Week 0 Part A (5 weeks) Period 1 Period 2 002 study 003 study Week 5 Week 57 Week 148 Week 265 Part B (52 weeks) Extension (208 weeks) IV (3mg or 5mg) & Oral (30mg or 50mg) Daily Oral Dose: 10mg, 20mg, 30mg, or 50mg Daily Oral Dose: 10mg, 20mg, 30mg, or 50mg 12 days N=32 wash-out N=30 N=24 N=21 *ClinicalTrials.gov Identifier: ANAVEX 2-73-AD-002/3 STUDY (NCT02244541/NCT02756858) ** 1 patient is outside inclusion criteria. This patient was excluded from calculations ** 5

ANAVEX 2-73 Concentration & MMSE/ ADCS-ADL Trajectories

Significant Relationship between ANAVEX 2-73 Concentration and Patients Response Activities of Daily Living (ADCS-ADL)* ADCS-ADL (Delta from Baseline to Week 57) p=0.03 High Concentration of ANAVEX 2-73 => High Delta ADCS-ADL (improved response) # Plasma concentration of ANAVEX 2-73 is correlated with the administered dose All n=24 patients in study at week 57 p = p-value of Mann Whitney U test Low (n=9) Medium (n=7) High (n=8) Concentration ANAVEX 2-73 (ng/ml), Part B # Source: H Hampel et al., AAIC 2018; *Alzheimer's Disease Cooperative Study Activities of Daily Living 23-item scale (ADCS-ADL) 7

Patients Treated with Higher ANAVEX 2-73 Concentration Maintain ADCS-ADL* Performance vs Lower Concentration Cohort High Concentration cohort shows 88 % difference to low concentration cohort High plasma concentration of ANAVEX 2-73 [ 4.0 ng/ml] is correlated with the clinically administered dose (p < 0.0001) In addition to concentration, the significant covariates identified in MMRM-LME model are: SIGMAR1 (p<0.0080), COMT (p<0.0014) The covariates that are included in the MMRM-LME model for ADCS- ADL change are: time as continuous, AV2-73 concentration group (High and Low/Med), sex, APOE ε4 status, age (Low, High), baseline MMSE score, ongoing Donepezil treatment, SIGMAR1-Q2P, COMT-L146FS variants, interactions between time and concentration group, time and APOE ε4 status, time and SIGMAR1, time and COMT, concentration group and APOE ε4 status, and concentration group and SIGMAR1 variant. Source: M Afshar et al., CTAD 2018 * Alzheimer s Disease Cooperative Study Group - Activities of Daily Living Inventory (ADCS-ADL) 8

Patients Treated with Higher ANAVEX 2-73 Concentration Show Higher MMSE* Performance Compared to Lower Concentration High Concentration cohort shows 64 % less decline than low concentration cohort (p < 0.0008) High plasma concentration of ANAVEX 2-73 [ 4.0 ng/ml] is correlated with the clinically administered dose Covariates included in the MMRM-LME model for MMSE change are: time as continuous, AV2-73 concentration group (High and Low/Med), APOE ε4 status, age (Low, High), baseline MMSE score, SIGMAR1- Q2P variant, interactions between time and concentration group, time and APOE ε4 status, time and SIGMAR1, and concentration group and SIGMAR1 variant. Source: M Afshar et al., CTAD 2018 * Mini Mental State Examination (MMSE) 9

Precision Medicine (Genomic Biomarkers) & MMSE/ ADCS-ADL Trajectories

Identification of Gene Signature from ANAVEX 2-73-Treated Patients PRECISION MEDICINE Genomic signature (WT SIGMAR1 gene) strongest responders to ANAVEX 2-73 This genomic biomarker is drug specific, not indication specific, so it applies to all indications treated with ANAVEX 2-73 11

SIGMAR1 Gene Plays a Role in Protein Trafficking Lumenal side Transmembrane region SIGMAR1 WT structure rs1800866 variant impairs protein trafficking Cytosolic side Majority of the population (~80%) carries SIGMAR1 WT Majority of patients (~80%) are expected to benefit from SIGMAR1 activation with ANAVEX 2-73 rs1800866 variant found in the remaining (~20%) of the population can cause structural change, leading to impaired protein trafficking Adapted from: Laurini E., Marson D., Fermeglia M., Pricl S. (2017) 3D Homology Model of Sigma1 Receptor. Evolution of the Concept of Sigma Receptors. Handbook of Experimental Pharmacology, vol 244. Springer, Cham Schmidt H.R. et al, Nature. 2016 Apr 28; 532(7600): 527 530 12

SIGMAR1 WT Gene Associated with Improved Response Delta MMSE (Week 57 from Baseline) p=0.048 p=0.023 and validated at 148 weeks Delta ADCS-ADL (Week 57 from Baseline) SIGMAR1 Pro2 variant (rs1800866) (n=5) SIGMAR1 WT (n=15) SIGMAR1 Pro2 variant (rs1800866) (n=5) SIGMAR1 WT (n=15) Source: H Hampel et al., AAIC 2018 p = p-value of Mann Whitney U test All n=20 patients in study at week 57 with available genomic data 13

Patients Improvement Correlates with ANAVEX 2-73 and SIGMAR1 RNA Expression Activities of Daily Living (ADCS-ADL)* Slope pattern from Baseline to Week 57 SIGMAR1 RNA expression (TPM) p=0.015 Decrease (Negative) Increase (Positive) ANAVEX 2-73 positive response in functional (ADCS- ADL) outcomes in Alzheimer s disease patients corelate with SIGMAR1 mrna levels Gut Microbiota in AD p = p-value of Mann Whitney U test All n=20 patients in study at week 57 with available genomic data Source: H Hampel et al., AAIC 2018; *Alzheimer's Disease Cooperative Study Activities of Daily Living 23-item scale (ADCS-ADL) 14

Clinical Studies: Parkinson s Disease Dementia (PDD) Alzheimer s Disease (AD) Rett Syndrome (RTT)

Overview ANAVEX 2-73 Ongoing Precision Medicine Clinical Trials PHASE 2 PARKINSON S DISEASE DEMENTIA 14 120 ANAVEX 2-73-PDD-001 STUDY (NCT03774459)* PHASE 2b/3 ALZHEIMER S DISEASE ANAVEX 2-73-AD-004 STUDY (NCT03790709)* 48 450 PHASE 2 RETT SYNDROME** 7 15 ANAVEX 2-73-RS-001 STUDY (NCT03758924)* PHASE 2a ALZHEIMER S DISEASE 208 32 ANAVEX 2-73-AD-002/3 STUDY (NCT02244541/NCT02756858)* Sufficient cash including non-dilutive grant and governmental third party support to fund objectives for the next 2 years *ClinicalTrials.gov Identifier; **FDA granted ANAVEX 2-73 Orphan Drug Designation (ODD) for Rett syndrome syndrome 16

Contact Us Corporate Office Anavex Life Sciences Corp. 51 West 52nd Street, 7th floor New York, NY 10019 1-844-689-3939 Shareholder & Media Relations Core IR Scott Gordon scottg@coreir.com www.anavex.com NASDAQ: AVXL 17