MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2011

Jan 23, 2011

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UPDATED PRO FORMA BALANCE SHEET

The Company provides the following pro forma balance sheet based on actual funds raised under the prospectus dated 25 November 2010. The raising closed on 17 January 2011 having reached the maximum subscription of $ 2,200,000.

NoteCURRENT ASSETSCash and cash equivalents3TOTAL CURRENT ASSETSNON CURRENT ASSETSIntangible assets4TOTAL NON CURRENT ASSETSTOTAL ASSETSCURRENT LIABILITIESTrade and other payables5TOTAL CURRENT LIABILITIESNON CURRENT LIABILITIESDeferred tax liabilitiesTOTAL NON CURRENT LIABILITIESTOTAL LIABILITIESNET ASSETS/ (LIABILITIES)EQUITYIssued capital6Reserves7Accumulated losses8TOTAL EQUITY	NoteCURRENT ASSETSCash and cash equivalents3TOTAL CURRENT ASSETSNON CURRENT ASSETSIntangible assets4TOTAL NON CURRENT ASSETSTOTAL ASSETSCURRENT LIABILITIESTrade and other payables5TOTAL CURRENT LIABILITIESNON CURRENT LIABILITIESDeferred tax liabilitiesTOTAL NON CURRENT LIABILITIESTOTAL LIABILITIESNET ASSETS/ (LIABILITIES)EQUITYIssued capital6Reserves7Accumulated losses8TOTAL EQUITY	NoteCURRENT ASSETSCash and cash equivalents3TOTAL CURRENT ASSETSNON CURRENT ASSETSIntangible assets4TOTAL NON CURRENT ASSETSTOTAL ASSETSCURRENT LIABILITIESTrade and other payables5TOTAL CURRENT LIABILITIESNON CURRENT LIABILITIESDeferred tax liabilitiesTOTAL NON CURRENT LIABILITIESTOTAL LIABILITIESNET ASSETS/ (LIABILITIES)EQUITYIssued capital6Reserves7Accumulated losses8TOTAL EQUITY	ReviewedActual19 November 2010Pro forma19 November 2010$$	ReviewedActual19 November 2010Pro forma19 November 2010$$	ReviewedActual19 November 2010Pro forma19 November 2010$$
			59,2691,822,632
			59,2691,822,632
			200,000200,000
			200,000200,000
			259,2692,022,632
	de and other	payables5	1,599,9	59-
	AL CURRENTN CURRENT Lerred tax liabTAL NON CURTAL LIABILITIE	LIABILITIESIABILITIESilitiesRENT LIABILITIESS	1,599,	59-
			60,0	0060,000
			60,0	0060,000
			1,659,9	5960,000
			(1,400,6	90)1,962,632
	T ASSETS/ (LIUITYed capitalervesumulated losTAL EQUITY	BILITIES)67ses8	10,954,6881,8(13,237,2	732,445,00071881,87134)(1,364,239)
			(1,400,6	90)1,962,632
				Safety Medical Products LimitedLevel 24, St Martin’s Tower44 St George’s Terrace

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Safety Medical Products Limited Level 24, St Martin’s Tower 44 St George’s Terrace Perth Western Australia, 6000 ACN 007 817 192 Phone: (08) 6211 5099 Fax: (08) 9218 8875 Website: www.safemed.com.au ASX Code: SFP SafetyMed® is a registered trademark of Safety Medical Products Ltd