MEMPHASYS LIMITED. — Director's Dealing 2008

Jun 29, 2008

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity: NuSep Ltd (NSP) ABN: 33 120 047 556

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr John Manusu
Date of last notice	6 June 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

We (the entity) give ASX the following indirector for the purposes of section 205G o	formation under listing rule 3.19A.2 and as agent for thef the Corporations Act.	formation under listing rule 3.19A.2 and as agent for thef the Corporations Act.
Name of Director	Mr John Manusu
Date of last notice	6 2
	June 008
Part 1 - Change of director’s relevant in	terests in securities
In the case of a trust, this includes interests in the truNote: In the case of a company, interests which come withinin this part.	st made available by the responsible entity of the trustparagraph (i) of the definition of “notifiable interest of a director” should be disclosed
Direct or indirect interest		Direct
Nature of indirect interest(including registered holder)		N/A
Note: Provide details of the circumstances giving rise to thinterest.	e relevant
Date of chane		19 J 2008 t 20 J 2008
g		une o une
No. of securities held prior to change		Direct 956,148 ordinary shares*
		Indirect 620,000 ordinaryshares
Class		Ordinary shares
Number acquired		253,261 ordinary shares
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation		$29,777.10
No. of securities held after change		Direct 1,209,409 ordinary sharesIndirect 620,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Purchase of 253,261 shares on market.

• The opening balance has been reduced by 690,963 shares to reflect the shares held in an Opes Prime account. There is reasonable doubt that these shares will be returned even through there were no loans or charges relating to this Opes Prime account. The market has previously been advised of this in the ASX announcement dated 6 April 2008.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A