INTEGRATED RESEARCH LIMITED — Capital/Financing Update 2012

Oct 22, 2012

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Integrated Research Limited

ABN

76 003 588 449

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be issued Performance Rights

2 Number of[+] securities issued or to be issued (if known) or a) 160,000 maximum number which may b) 251,250 be issued 3 Principal terms of the +securities (eg, if options, New options issued in accordance with the terms of the exercise price and expiry Integrated Research Performance Rights and Option Plan. date; if partly paid +securities, the amount Exercise Price: $0.00 outstanding and due dates for payment; if[+] convertible a) Expiry Date: 31 August 2015 securities, the conversion b) Expiry Date: 31 August 2015 price and dates for conversion) Subject to service conditions and performance conditions.

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

4 Do the[+] securities rank equally in all respects from the date of N/A allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state:

• the date from which they do

• • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration

Nil Per Performance Right

• 6 Purpose of the issue Issued under the terms and conditions of the Integrated (If issued as consideration Research Performance Rights and Option Plan. for the acquisition of assets, clearly identify those assets)

• 7 Dates of entering[+] securities into uncertificated holdings or despatch of certificates

• 23 October 2012

• uncertificated holdings or despatch of certificates Number +Class

• 8 Number and[+] class of all[+] securities 168,356,953 Ordinary Shares quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 2

		Number	Number	+Class	+Class	+Class	+Class	+Class
	9Numberand+classofall
		1,295,000		ASX Code IRIAI
	+securities not quoted on ASX
	(_includin_the securities in clause	6	65000		mlo	ee Performance Rihts - IRIAK
	g 2 if applicable)		,		p	g
		8(Not	57,500e: 12000 IRIAM		Employ	ee Performance Rights - IRIAM
		EmRig	,ployee Performancehts previously granted
		hav	e beencancelled)
		1	60,000		mploy	ee Performance Rights
		2
			51,250	Employ		ee Performance Rights
	10 Dividend policy (in the case of
	a trust, distribution policy) on	No	t Applicable
the increased capital (interests)	th inrd itl (intrt)
	e cease capa eess

Part 2 - Bonus issue or pro rata issue

Questions 11 to 33 Not Applicable

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a) Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 3

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

Questions 38 to 42

Not Applicable

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are true and complete.

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Sign here:

............................................................ Date: 23 October 2012

(Company secretary)

Print name:

David C Purdue

Company Secretary

== == == == ==

• See chapter 19 for defined terms.

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