SCIDEV LTD — Capital/Financing Update 2008

Dec 18, 2008

ABN 25 001 150 849

Level 3, 2 Elizabeth Plaza North Sydney NSW PO Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9925-8170 Fax: 02-9925-8110 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office Australian Securities Exchange

19 December 2008

Inteq Limited Appointed Lead Manager for Intec Metals Recycling Project Financing

Intec Ltd (ASX code: INL) is pleased now to have appointed mid-tier investment and advisory house, Inteq Limited, (www.inteq.com.au) to provide corporate, strategic and financial advisory services to INL and to act as Lead Manager in the Intec Metals Recycling Project financing (“Raising”).

Inteq is an Australian-based corporate advisory house, established in 1988, with offices in Sydney, Melbourne and Perth. Since 2007, Inteq has been part of the Blue Oar Plc Group, a UK-listed financial services group, headquartered in London with over 100 staff and 75 retained NOMAD clients.

Inteq has a successful track record of completing transactions aggregating $2 billion to date for Australian clients, using its extensive international contacts.

Inteq will assist Intec with the Raising of up to A$30 million capital for the recently-announced acquisition from the Delta plc Group of the major established industrial facility at Newcastle, and the associated mid-2009 startup of the Refractory and Wastewater Units onsite for profitable operation.

Yours faithfully Intec Ltd

==> picture [103 x 58] intentionally omitted <==

Philip R Wood Managing Director and Chief Executive Officer

==> picture [47 x 47] intentionally omitted <==

ASX code: INL