IMPEDIMED LIMITED — Director's Dealing 2014

May 8, 2014

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9 May 2014

ASX RELEASE

Change of Director’s Interest Notice – Michael Panaccio

An Appendix 3Y was lodged for Director Dr Michael Panaccio on 5 May 2014. Please noted the Number of Securities held prior to the Change excluded the following Options which have expired:

Masto Pty Ltd as trustee (indirectly held; a company influenced by Dr Michael Panaccio):

• 114,500 Options to subscribe for Ordinary Shares at an exercise price of $0.6830 per share (exp 22/10/12)

• Starfish Technology Fund 1, LP (indirectly held; an entity influenced by Dr Michael Panaccio):

  • 2,763,200 Options to subscribe for Ordinary Shares at an exercise price of $0.6830 per share (exp 22/10/12)

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Stephen Denaro Company Secretary

www.impedimed.com

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	Dr Michael Panaccio
Date of last notice	1 June 2012

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect - Masto Pty Ltd (a companyinfluenced by Dr Michael Panaccio):Indirect - Starfish Technology Fund 1, LP(an entity influenced by Dr MichaelPanaccio)
Date of change	1 May 2014

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

		Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)	Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)	Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)	Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)	Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)	Masto Pty Ltd (as trustee; a companyinfluenced by Dr Michael Panaccio):356,475 Ordinary Shares114,500 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)Starfish Technology Fund 1, LP (an entityinfluenced by Dr Michael Panaccio):24,285,465 Ordinary Shares2,763,200 Options to subscribe forOrdinary Shares at an exerciseprice of $0.6830 per share (exp22/10/12)
Cl
assNumber acquired		Ordinary Share	s
		Masto Pty Ltd	153,848 Ordinary			Shares
Number disosed
		Nil
p
Value/ConsiderationNote: If consideration is non-cash provide details and estim	ated	Masto Pty Ltd	$30,000.00
,valuation
No. of securities held after change
		Masto Pty Ltd (as tr		ustee; a company
		influenced by D	r Michael	Panaccio):
		510,3Starfish Techn	23 Ordinary Sharesology Fund 1, LP		(an entity
		influenced by D	r Michael Panacci		o):
		24,28	5,465 Ordinary Sha		res
Nature of change
		Subscription u	der the Share Pur		chase Plan
Example: on-market trade, off-market trade, exercise of optissue of securities under dividend reinvestment lan articiati	ions,on in	Offer (Offer rel	eased 4 April 2014		)
p, ppbuy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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.

01/01/2011 Appendix 3Y Page 3