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DIMERIX LIMITED Capital/Financing Update 2010

Jun 30, 2010

64804_rns_2010-06-30_d1ba9117-f2ce-4165-8c8d-46c6a51a2f68.pdf

Capital/Financing Update

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1 July 2010

The Manager Company Announcements Platform ASX Limited

UPDATE ON CONVERTIBLE NOTE IN SOUTH AMERICAN IRON & STEEL CORPORATION LTD

SBN has sought and obtained a redemption payment of the first of the 4 convertible notes subscribed for in South American Iron & Steel Corporation Ltd (ASX Code: SAY) plus accrued interest of approximately $14,000. Each convertible note has a redemption value of $100,000 if not converted to equity.

In consideration for subscribing for the 4 convertible notes, SBN was issued with 1.6 million shares in SAY.

Alfonso Grillo

Company Secretary

Sun Biomedical Limited ABN 18 001 285 230

Investor Communications Computershare T: +61 1300 728 275 | F: +61 3 9473 2500 | E: [email protected]