RAIDEN RESOURCES LIMITED — Capital/Financing Update 2003

Jul 3, 2003

Medical Monitors Limited

ACN 009 161 522

04 July 2002

Company Announcements Office Australian Stock Exchange Ltd 10 Bridge St Sydney

Re: Notice of Securities to be released from escrow (ASX: MDM and MDMOC)

The Directors hereby announce that securities in the Company, currently held in "24 months escrow", will be eligible for release from escrow after 18th July 2003.

The number of securities deemed to be released are as follows:

• 54, 312,787 Fully Paid Ordinary Share
• 2,769 Class B Redeemable Shares
• 2.769 Class C Redeemable Shares
• 18,869,600 Options (exercisable at $0.20 each expiring 30/06/05)
• 7,590 Class B Options
• 7,590 Class C Options
• 7,590 Class D Options

Dr Allan Shell Managing Director