IMPEDIMED LIMITED — Capital/Financing Update 2012

May 2, 2012

No:

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ASX Circular

Date: 3 May 2012

IMPEDIMED LIMITED – ACCELERATED NONRENOUNCEABLE PRO RATA ENTITLEMENT OFFER TO RAISE APPROXIMATELY $13.7 MILLION.

Key topics

1. ImpediMed Limited

2. ASX Code: IPD

3. Accelerated NonRenounceable Entitlement Offer

Participating Organisations are advised that ImpediMed Limited (the “Company”) has announced a 1 for 4 accelerated non-renounceable pro rata entitlement offer (the “Entitlement Offer”), at an offer price of $0.35 per new ordinary share to raise approximately $13.7 million.

The Entitlement Offer has two components:

Reading List

Client Advisers Compliance Managers Corporate Advisory DTR Operators Listings Institutions

ASX Settlement Participants Office Managers Operations Managers (back office)

Research Analysts ASX Clear Participants Market Participants

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement to raise approximately $7.8 million (the “Institutional Entitlement Offer”).

• A retail entitlement offer, where an offer will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (the “Retail Entitlement Offer”).

The Record Date for the Entitlement Offer is Friday, 4 May 2012.

The Retail Entitlement Offer is expected to close on Thursday, 24 May 2012.

Securities issued under the Entitlement Offer will rank equally with existing securities on issue.

Authorised By

Adrian Smythe

Contact

Kim-Ly Nguyen

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

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The indicative timetable in relation to the Entitlement Offer is as follows:

Event	Date
Trading halt request	Tuesday, 1 May 2012
Institutional Entitlement Offer opened	Wednesday, 2 May 2012
Institutional Entitlement Offer closed	Wednesday, 2 May 2012
Announcement of the Entitlement OfferTrading halt ends and securities trade on an Ex-Entitlement basis	Thursday, 3 May 2012
Record date	Friday, 4 May 2012
Lodge Information Booklet and Entitlement and Acceptance Form to retailshareholders and last date to despatch those documents to retail shareholders	Thursday, 10 May 2012
Retail Entitlement Offer opens	Thursday, 10 May 2012
Settlement of the Institutional Entitlement Offer	Monday, 14 May 2012
Allotment of shares and quotation of new shares under the InstitutionalEntitlement Offer commence trading on a normal basis	Tuesday, 15 May 2012
Retail Entitlement Offer closes	Thursday, 24 April 2012
Settlement of Retail Entitlement Offer	Thursday, 31 May 2012
Allotment of shares under Retail Entitlement Offer	Friday, 1 June 2012
Despatch of holding statements under Retail Entitlement Offer	Friday, 1 June 2012
New shares issued under the Retail Entitlement Offer commence trading on anormal basis	Monday, 4 June 2012

Settlement issues

Despite the fact that the shares are trading “ex entitlement” on ASX Trade, CHESS will not recognise for settlement purposes the “ex entitlement” or the “cum entitlement” tag on CHESS messages. As a result, CHESS will not maintain cum balances in these shares within the system.

In addition, CHESS will not perform any automatic diary adjustments to “cum entitlement” settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a “cum” market with respect to trading in the Company’s shares. Persons who acquire the Company’s shares after the commencement of the trading halt on Tuesday, 1 May 2012 are not entitled to participate in the Entitlement Offer.

Further information

For further details, please refer to the Company’s announcements on 3 May 2012.

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