IMPEDIMED LIMITED — Director's Dealing 2007

Oct 24, 2007

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	IMPEDIMED LIMITED
ABN	65 089 705 144

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gregory Wayne Brown
Date of appointment	14 December 2001

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

4,363,349 ordinary shares

• 3,123,324 subject to ASX mandatory escrow for 24 months

• 4,335,349 subject to voluntary escrow for 12 months

• 28,000 subscribed for at IPO, not subject to escrow

747,673 options to subscribe for ordinary shares at an exercise price of $0.675 per share

• All subject to ASX mandatory escrow for 24 months

• 14,000 options to subscribe for ordinary shares at an exercise price of $0.72 per share

  • All subscribed for at IPO, not subject to escrow

500,000 options to subscribe for ordinary shares at an exercise price of $0.91 per share

• All subject to ASX mandatory escrow for 24 months

500,000 options to subscribe for ordinary shares at an exercise price of $1.03 per share

• All subject to ASX mandatory escrow for 24 months

The two parcels of 500,000 options are vested as to one-third each.

• See chapter for defined terms.

Appendix 3X Page 1

11/3/2002

R:\10 - Corporate Admin\Board\Governance\ASX\Directors Interests\2007-10-25 Initial Directors Interest Notice - Greg Brown.doc

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.	Number & class of SecuritiesNil

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Nil
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

• See chapter for defined terms.

Appendix 3X Page 2

11/3/2002

R:\10 - Corporate Admin\Board\Governance\ASX\Directors Interests\2007-10-25 Initial Directors Interest Notice - Greg Brown.doc