MINDAX LIMITED — Share Issue/Capital Change 2008

Jun 26, 2008

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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

27 June 2008

ASX Limited Company Announcements Platform

EXERCISE OF OPTIONS

The Company confirms that 1,619,666 ordinary fully paid shares were issued today as a result of the exercise of listed options expiring 30 June 2008. The relevant holding statements will be despatched today.

The Company confirms that a provisional Appendix 3B covering such issue was lodged on 17 June 2008. After incorporating the above mentioned issue of ordinary shares, the issued capital of the Company is:

Number Listed	Class
90,805,28631,874,501	Ordinary Fully PaidShares.Options with $0.20exercise price expiring30 June 2008.

Number Unlisted	Class
600,000100,000	Employee options with$0.25 exercise priceexpiring 21 December2008.Employee options with$0.25 exercise priceexpiring 10 January2011.

Yours sincerely

Angelo Francesca Company secretary