IMUGENE LIMITED — Director's Dealing 2003

Jul 31, 2003

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 30/9/2001.

Name of entity	IMUGENE LIMITED
IABN	99 009 179 551

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	ROGER STEINEPREIS
Date of last notice	25 November 2002

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 relevant interest.	Blueknight Corporation Pty Ltd, director and beneficial shareholder.
Date of change	30 July 2003
No. of securities held prior to change	5,202,937 fully paid ordinary shares $\bullet$ held by Blueknight Corporation Pty Ltd. 1,060,741 unlisted options held by ۰ Blueknight Corporation Pty Ltd.
Class	Fully paid ordinary shares ۰ Options exercisable at 11.25 cents on or before 31 December 2004
Number acquired	Nil
Number disposed	2,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	19.53 cents each

⁺ See chapter 19 for defined terms.

No. of securities held after change	3,202,937 fully paid ordinary shares held by Blueknight Corporation Pty Ltd. 1,060,741 unlisted options held by Blueknight Corporation Pty Ltd.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in bay-back	On market sale

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	Not Applicable
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 refation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: if consideration is non-cash, provide defails and an estimated valuation.
Interest after change

$\pm$ See chapter 19 for defined terms.