MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Apr 22, 2008

23rd April 2008

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

Official Supplier to South Australian Mental Health Services

Safety Medical Products Limited ( ASX: SFP) is pleased to announce that it has been chosen as the preferred supplier of 1ml retractable syringes to Mental Health Services in South Australia.

Following recent evaluation and training, the 1ml SecureTouch will be phased in to replace the 1ml safety and standard syringes currently being used across the eight Hospitals and Centers that operate under the Mental Health Services umbrella.

This is another important milestone in the Company’s development and further validates the strategy of being able to replace standard syringes in the market place with the economical SecureTouch model.

Department leaders have also expressed a keen interest to implement the larger size versions of the SecureTouch (3ml and 5ml) when they become available.

Access to further markets will be assisted by this development, particularly in the Company’s push to supply into the Federal Government Clean Needle Program.

This follows other recent announcements (18[th] Feb. and 31[st] March) of the Company’s SecureTouch Retractable Syringes and Comfort Point Pen Needles being listed on the Federal Government’s National Diabetes Services Scheme (NDSS) giving access to a market of more than 70 million units per annum and revenues of over $9 million.

SafetyMed is the only Australian company approved to supply Retractable Syringes and Pen Needles to the NDSS and is implementing marketing and promotional strategies to ensure maximum exposure and penetration of the company’s products into this program.

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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 NDSS is a Federal Government initiative administered by Diabetes Australia and supported by the various State and Territory Governments. Under the scheme, registered people with diabetes can access free needles and syringes that are fully funded by State and Federal Governments.

CAPITAL RAISING UPDATE

The company is also pleased to announce that shareholders overwhelmingly voted in favor of Directors and related parties being able to participate in the current capital raising via Convertible Note issue at a special general meeting held on Friday 18[th] April.

Yours faithfully,

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John Riemelmoser Managing Director

For further information please contact:

Mr. John Riemelmoser Mr. Duncan Gordon Managing Director Investor Relations Safety Medical Products Limited Safety Medical Products Limited Ph. 08 8285 5226 Ph. 08 8232 8800

About Safety Medical Products Limited

SafetyMed is a Company focused on developing and marketing a unique range of Safety Products, led by its flagship SecureTouch™retractable syringe. Expected sales growth of the SecureTouch™in various health related markets, including Government Sponsored Programs such as the National Diabetes Services Scheme (NDSS), will see the company expand its range and capacity leading to strong bottom line growth throughout 2008.

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