RAIDEN RESOURCES LIMITED — Capital/Financing Update 2003

Aug 25, 2003

Medical Monitors Limited

ACN 009 161 522

26 August 2003

Company Announcements Office Australian Stock Exchange Ltd 10 Bridge St Sydney

Dear Sirs

RE: Private Placement of Shares (ASX:MDM)

Directors are pleased to announce that a Private Placement of Fully Paid Ordinary Shares under Listing Rule 7.1 has now been completed.

A total of 16,562,500 fully paid ordinary (FPO) shares will be issued, with a total of $1,325,000 raised at $0.08 per share in the placement.

The funds raised will be used for the progress of the Company's international business, particularly for the USA and the UK operations as previously announced. and for working capital.

The Company will issue the shares within the week and then apply for quotation of those shares on the ASX.

Medical Monitors Limited is an Australian health service and medical technology company that enables people to simply and effectively monitor specific cardiovascular conditions through unique technology. Medical Monitors is the sole provider of an Australia-wide monitoring service that is attracting strong interest from major healthcare players internationally.

Dr Allan Shell Managing Director