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MACH7 TECHNOLOGIES LIMITED Capital/Financing Update 2007

Oct 23, 2007

65285_rns_2007-10-23_34aac915-c503-4964-9e2b-dcab71222e25.pdf

Capital/Financing Update

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ASX Announcement

NON-RENOUNCEABLE RIGHTS ISSUE – UNDER SUBSCRIPTIONS

Wednesday, 24 October 2007

Safety Medical Products Ltd wishes to advise that the non-renounceable rights issue announced on 21 September 2007 closed on 19 October 2007 with a total of 1,948,833 shares applied for by shareholders, raising approximately $545,673.

Under subscriptions totalled 5,142,054 shares.

The Company reserves the right, within three months of the Closing Date, to issue the shortfall at the discretion of the Directors.

Confirmation of allotment and despatch of shares and attaching options will be advised to ASX in due course in accordance with the Listing Rules.

Yours Sincerely

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John Riemelmoser

Managing Director

For further information please contact:

Mr. Duncan Gordon Investor Relations

Mr. John Riemelmoser Mr. Duncan Gordon Managing Director Investor Relations Safety Medical Products Limited Adelaide Equity Partners Ltd Ph (08) 8285 5226 Ph (08) 8232 8800 Fax (08) 8285 3228 Fax (08) 8232 8811 Email [email protected] Email [email protected]

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Safety Medical Products Limited 25 Fenden Road, Salisbury Plain, South Australia Australia, 5109 ACN 007 817 192 Phone: (08) 8285 5226 Fax: (08) 8285 3228 Email: [email protected] Website: www.safetymed.com.au ASX Code: SFP SafetyMed® is a registered trademark of Safety Medical Products Ltd