MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2009

Nov 23, 2009

®

Friday 20[th] November, 2009

IMPORTANT UPDATE AND SHARE PURCHASE PLAN EXTENSION

Dear Shareholder,

Update on Joint Venture Entity (“JVE”)

As announced on September 21[st] 2009 [(1)] Safety Medical Products Limited (“SafetyMed”; ASX Code SFP) signed a letter of intent to establish a Joint Venture Entity with a major Hungarian Medical Products Manufacturer, Dispomedicor Zrt (‘Dispomedicor”).

This original proposal was to take the form of a new Hungarian based entity in which SafetyMed and Dispomedicor hold equal share, with equity partners also sought to partly fund the project.

Further discussions have since taken place and a new arrangement has been proposed by Dispomedicor whereby SafetyMed will have the opportunity to directly purchase up to a 40% stake in Dispomedicor.

This potential new arrangement has several significant advantages over the previous proposal and preliminary due diligence has begun.

The extension of time of the Share Purchase Plan (“SPP”) will allow the company to further investigate both options and keep shareholders fully informed of the final direction prior to closing the SPP.

Yours sincerely

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John Riemelmoser Managing Director

(1) To view the September announcement in full please visi- http://clients.weblink.com.au/clients/ safetymed/article.asp?view=5174156

For more information about Debrecen based Dispomedicor and its products, services and fully owned subsidiaries please visit;

Dispomedicor at -www.dispomedicor.hu

Manufacturer and supplier of disposable medical devices such as hypodermic syringes, hypodermic needles, infusion and transfusion devices, catheters, tubes and urine collection devices. Dispomedicor also offers medical grade sterilisation services including both gamma ray and ethylene oxide processes.

Pharmico at-www.pharmico.hu

Manufacturer and supplier of cotton based medical products such as surgical dressings, bandages, swabs and diapers.

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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

Freesia at -www.freesia.hu

Manufacturer and supplier of cotton based feminine Hygiene products such as tampons, pads and liners.

Medicor at -www.medicor.t-online.hu

Manufacturer and supplier of medical surgical instruments such as scalpels, scissors, knives and forceps.

For information about Debrecen please visit:-eng.debrecen.hu/

Share Purchase Plan (“SPP”) extension

SafetyMed has extended the closing date of its’ SPP from 22 November 2009 to 6 December 2009.

Indicative Timetable Event

Event	Date
Record date	27 October 2009
Announcement date	28 October 2009
Opening Date for receipt of Applications	30 October 2009
Closing Date for receipt of Applications	6 December 2009
Allotment date	11 December 2009
Dispatch of holding statements date	16 December 2009
Anticipated Share Trading Date	18 December 2009

Subject to the Corporations Act 2001 and the Listing Rules of ASX Limited, these dates may be varied by the directors without prior notice.

Details of the SPP are contained in the offer document, which was released and sent to all eligible shareholders on 28 October 2009 and include details of how to apply.

For further information please contact:

Mr. John Riemelmoser Mrs. Vicky Allinson Managing Director Company Secretary Safety Medical Products Limited Safety Medical Products Limited Ph. 08 8285 5226 Ph. 0416 253893

About Safety Medical Products Limited

SafetyMed is a company focused on developing and marketing a unique range of innovative Safety Products led by its flagship SecureTouch Retractable Syringe.