IMPEDIMED LIMITED — Director's Dealing 2012

May 15, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity IMPEDIMED LIMITED ABN 65 089 705 144

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gregory Wayne Brown
Date of last notice	3 August 2010

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest	Greg Brown & Stefanie	Brown ATF
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	G W Brown Family Superannuation FundABN 78 755 263 691
Date of change	15 May 2012
No. of securities held prior to change	DirectOrds	4,429,426
	IPO Options	14,000
	CEO Options	1,747,673
	IndirectOrds	437,666
Class	Ordinary Shares
Number acquired	Direct – Greg Brown	85,000
	Indirect	Nil
Number disposed	Nil
Value/Consideration	Direct – Greg Brown	$29,750
Note: If consideration is non-cash, provide details and estimatedvaluation	($0.35pershare	underInstitutional
	Entitlement Offer)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct	Ords		4,514,426	4,514,426
		IPO Options			14,000
		CEO	Options	2,228,448
	Indirect	Ords			437,666
Nature of change	Subscription		under	the	Institutional
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	Entitlement Offer announced				3 May 2012
buy-back

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	Not in a closed period
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade
to proceed during this period?
If prior written clearance was provided, on what date was this
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011