MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Jun 22, 2008

®

23[rd] June 2008

General Manager The Company Announcements Office Australian Securities Exchange Limited Australia Square Sydney NSW 1215

Dear Sir/Madam,

MARKET UPDATE

Safety Medical Products Limited (ASX: SFP) is pleased to announce the lodging of Patent and Therapeutic Goods Administration (TGA) Certification Applications for its new Pen Needle Aid Device.

This unique new device makes the task of attaching, recapping, removing and disposing of all brands of insulin pen needles much safer and easier.

Currently people with diabetes must recap pen needles after injecting, in order to unscrew the needle from the insulin pen exposing them to the chance of a needlestick injury. This injury potential also exists where Health Industry Workers administer the injections to patients and similarly must recap the needles after use.

This device allows for a secure grip of the pen needle cap, making it easier to remove the cap prior to injecting. The cap remains held in the Pen Needle Aid whilst the injection is completed and the needle is then simply inserted into the cap at completion of the injection, unscrewed and disposed of.

With correct use, fingers are at all times kept clear of the needle, greatly reducing the chance of accidental needlestick injury.

The SafetyMed Pen Needle Aid is very easy to use and is suitable for use with all brands of pen needles. It is made from soft but durable rubber and is designed to be re-used as a valuable tool during Insulin Pen use.

Extensive world wide patent searches have revealed no such similar device is available and SafetyMed will move quickly to promote this exciting new product with distributors overseas. With over 270million people with diabetes worldwide, growing annually, there is huge potential for this exciting new product.

Upon TGA Certification, expected in July, SafetyMed will promote the Pen Needle Aid in Australia and New Zealand alongside the Company’s range of Insulin Pen Needles that will be available through the National Diabetes Services Scheme (NDSS) from July 1[st] .

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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: info@safetymed.com.au Website: www.safetymed.com.au ASX Code: SFP SafetyMed® is a registered trademark of Safety Medical Products Ltd

The company has also recently received news that it’s range of Exel supplied Comfort Point Standard Insulin Syringes have also been approved by the Federal Department of Health and Ageing for inclusion onto the NDSS list. This now increases the total number of products that SafetyMed will supply to the NDSS to 9 including, 28G, 29G and 30G 1ml SecureTouch Retractable Insulin Syringes, 29G, 30G and 31G Comfort Point Insulin Pen Needles and 30G 0.5ml Comfort Point Insulin Syringes, 29g and 30g 1ml Comfort Point Insulin Syringes.

The NDSS is a Federal Government Initiative supported by the respective State Government agencies where over 70 million Syringes and Pen Needles per year are provided to registered diabetes patients in Australia.

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The SafetyMed Pen Needle Aid with caps just prior to insertion of the needle for re-capping.

Yours faithfully,

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John Riemelmoser Managing Director

For further information please contact:

Mr. John Riemelmoser Managing Director Safety Medical Products Limited Ph. 08 8285 5226

Mr Duncan Gordon Investor Relations Safety Medical Products Limited Ph. 08 8232 8800

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