MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2009

Jun 30, 2009

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Wednesday, 1 July 2009

General Manager

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

SALE OF BAGOT PRESS FOR $1.3 MILLION

Dear Sir/Madam,

Safety Medical Products Limited (‘ SafetyMed ’) (ASX: SFP) is pleased to announce its wholly owned subsidiary Bagot Press Pty Ltd (‘Bagot Press’) has sold its business, comprising of goodwill, inventory, plant and equipment for $1.3 million.

The sale was instigated when the company was approached by an interested purchaser and has since received advice that the price of $1.3 million is at a significant premium to what could otherwise be achieved in the open market.

In line with the extremely difficult economic climate during the financial year ended 30 June 2009, the SafetyMed group would expect to impair its intangible asset investment in Bagot Press by approximately $640,000.

Prior to settlement on July 1 2009 it is anticipated that Bagot Press will have sufficient working capital to cover all outstanding creditors and repay all equipment hire purchase loans in full.

SafetyMed plan to use a portion of the funds received from the sale to further grow the market of its Pureste feminine hygiene range, which will include new marketing activities to support the now nationwide presence of these innovative products.

SafetyMed have renegotiated the banking security with the Company’s bankers, National Australia Bank. The security over the disposed Bagot Press assets has been replaced with a $500,000 three month term deposit. The term deposit will be released on maturity subject to Pureste sale targets being achieved. If targets are not met, further negotiations will take place.

Further details will be available shortly.

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Vicky Allinson Company Secretary

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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

For further information please contact:

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

Mrs. Vicky Allinson Company Secretary Safety Medical Products Limited 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.

About the ‘Pureste’ feminine hygiene product range

SafetyMed, via its 50% owned subsidiary, Pureste Pty Ltd ( ‘Pureste’ ) has developed the first and only range of sterilised tampons, pads and panty liners to be marketed and distributed across Australia and New Zealand through leading retail outlets and pharmacies.

Further information of the Pureste product range please visit: www.pureste.com.au.

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