SCIDEV LTD — Capital/Financing Update 2005

Jan 13, 2005

Intec Ltd

Superior and Sustainable Metals Production

Gordon Chiu Building J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006 Australia

Telephone: +612-9351-6741 Facsimile: +612-9351-7180 Email: mail@intec.com.au Website: www.intec.com.au

14 January 2005

Companies Announcements Office Australian Stock Exchange Limited

Finalisation of A\$12 million Fund Raising - Notice Under Section 708A(5)(e)

We refer to the announcement made by Intec Ltd on 24 December 2004 and now advise that the final 1,397,547 shares under the raising have now been allotted. On 14 January 2005 Intec issued 1,397,547 fully paid ordinary shares at an issue price of A\$0.069 per share (New Shares).

Intec gives notice that:

• $(1)$ this notice is being given under Section $708A(5)(e)$ of the Corporations Act 2001 (Corporations Act);
• $(2)$ Intec issued the New Shares without disclosure to investors under Part 6D.2 of the Corporations Act:
• as at the date of this notice. Intec has complied with: $(3)$
• $(a)$ the provisions of Chapter 2M of the Corporations Act as they apply to Intec; and
• $(b)$ section 674 of the Corporations Act; and
• $4)$ except as may be set out in this notice, there is no other information that is excluded information as at the date of this notice which is required to be set out in this notice under Section $708A(6)(e)$ of the Corporations Act.

Yours faithfully IntecLtd

Robert J Waring Company Secretary

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