MINDAX LIMITED — Director's Dealing 2007

Nov 27, 2007

Appendix 3Y Change of Director’s Interest Notice

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	MINDAX LIMITED
ABN	28 106 866 442

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	NICHOLAS JAMES SMITH
Date of last notice	6 November 2007

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.

Direct or indirect interest		Indirect	Indirect
Nature of indirect interest		See Annexure 1
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change		23 November 2007
No. of securities held prior to change		i.	2,316,000 MDX (See Annexure 1)
		ii.	32,500 MDXOA (See Annexure 1)
	iii.		926,400MDXR(See Annexure 1)
Class		i.	Ordinary fully paid shares (“MDX”)
		ii.	Options expiring 30/06/2008 with an
			exercise price of $0.20 (“MDXOA”)
	iii.		Renounceable Rights per Prospectus
			dated 31 October 2007 (“MDXR”)
Number acquired		-
Number disposed		480,000 MDXR
Value/Consideration		Disposal: 4.02 cents per right
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change		i.	2,316,000 MDX (See Annexure 1)
		ii.	32,500 MDXOA (See Annexure 1)
	iii.		446,400 MDXR (See Annexure 1)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trades.

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Annexure 1

Lodged on 27 November 2007

Nature and No. of Securities Held Prior to Change

a) Portcullis Corporate Advisory Pty Ltd a 2,204,000 MDX company ultimately controlled by 32,500 MDXOA Mr NJ Smith 881,600 MDXR b) Gandalf Holdings Pty Ltd ATF Portcullis 112,000 MDX Provident Fund, of which Mr NJ 44,800 MDXR Smith is an ultimate controller.

Nature and No. of Securities After Change

a) Portcullis Corporate Advisory Pty Ltd a 2,204,000 MDX company ultimately controlled by 32,500 MDXOA Mr NJ Smith 401,600 MDXR b) Gandalf Holdings Pty Ltd ATF Portcullis 112,000 MDX Provident Fund, of which Mr NJ 44,800 MDXR Smith is an ultimate controller.

• See chapter 19 for defined terms.

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