MINDAX LIMITED — Director's Dealing 2011

Oct 30, 2011

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 30/09/01 Amended 01/01/11

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	KENNETH MALCOLM PETTIT
Date of last notice	18 August 2011

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	See Annexure 1
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	See Annexure 1
Date of change	31 October 2011
No. of securities held prior to change	i. MDX – 612,247 ii. MDXO – 115,000 iii. MDXOA – 102,041 (See Annexure 1)
Class	i. Ordinary fully paid shares (“MDX”) ii. Listed Options - $0.75 exercise price; 1 December 2011 expiry (“MDXO”) iii. Listed Options - $0.30 exercise price; exercisable in April 2012 with a 30 April 2012 expiry (“MDXOA”)
Number acquired	276,000 MDX 46,000 MDXOA
Number disposed	276,000 MDX 46,000 MDXOA

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	MDX – 19.5 cents per security MDXOA – 1 cent per security
No. of securities held after change	i. MDX – 612,247 ii. MDXO – 115,000 iii. MDXOA – 102,041 (See Annexure 1)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market transfers between related parties. No net change in number of securities held, just a re-alignment of related party holdings between entities.

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable.
If prior written clearance was provided, on what date was this provided?	Not applicable.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Annexure 1

Lodged on 31 October 2011

Nature and No. of Securities Held Prior to Change

a) Kenneth Malcolm Pettit	276,000 MDX 46,000 MDXOA
b) Kantian Holdings Pty Ltd , of which KM Pettit is a member and controller	336,247 MDX 115,000 MDXO 56,041 MDXOA

Nature and No. of Securities Held After Change

c) Kenneth Malcolm Pettit	- MDX - MDXOA
d) Kantian Holdings Pty Ltd , of which KM Pettit is a member and controller	612,247 MDX 115,000 MDXO 102,041 MDXOA

• See chapter 19 for defined terms.

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