MINDAX LIMITED — Capital/Financing Update 2007

Nov 15, 2007

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9/57 Labouchere Road SOUTH PERTH 6151 Western Australia

Telephone 08 9474 3266 Facsimile 08 9474 3299

ABN 28 106 866 442

16 November 2007

ASX Limited

Company Announcements Platform

RENOUNCEABLE ENTITLEMENTS ISSUE – PROSPECTUS DESPATCH

The Company advises that despatch of the Renounceable Entitlements Issue (“Rights Issue”) Prospectus together with each shareholder’s personalized Entitlement and Acceptance Form has been completed.

Following is the indicative timetable in regard to the Entitlements Issue:

Event§Existingoption holders notified of the Rights Issue§Prospectus lodged with ASIC and ASX§Notice sent to security holders summarizing RightsIssue terms	200724 October31 October
	2 November
§Ex date – rights tradingcommenced	5 November
§Record date	12 November
§Prospectus with Entitlement & Acceptance Form tobe despatched by	16 November
§Tradingof rights closes	23 November
§Closing date for receipt of acceptances andapplications under the Rights Issue	30 November
§Allotment & Dispatch of holdingstatements	10 December

This timetable is indicative only and may be subject to change.

Yours sincerely

Angelo Francesca Company secretary