IMPEDIMED LIMITED — Director's Dealing 2014

May 8, 2014

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 Cherrell Hirst
Date of last notice	18 November 2013

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Direct - Dr Cherrell HirstIndirect – Bond St Custodians (Super)Indirect - Macquarie Pension Manager
Date of change	1 May 2014
No. of securities held prior to change	Dr Cherrell Hirst (Direct)217,612 Ordinary SharesBondStreetCustodians/Macquarie(Indirect, as trustee for Cherrell Hirst SuperFund)636,055 Ordinary Shares
Class	Ordinary Shares
Number acquired	Direct: NilIndirect: Bond Street Custodians /Macquarie76,924 Shares
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Direct:NilIndirect:BondStreetCustodians/Macquarie$15,000.00
No. of securities held after change	Dr Cherrell Hirst (Direct)217,612 Ordinary SharesBondStreetCustodians/Macquarie(Indirect, as trustee for Cherrell Hirst SuperFund)712,979 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Subscription under the Share Purchase PlanOffer (Offer released 4 April 2014)

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3