SCIDEV LTD — Capital/Financing Update 2008

Jun 30, 2008

ABN 25 001 150 849

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

Phone: 02-9351-6741 Fax: 02-9351-7180 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

1 July 2008

Companies Announcements Office Australian Securities Exchange

Appendix 3B

Intec Ltd (ASX code: INL) provides the attached Appendix 3B for the quotation of New Shares and New Options following their allotment today after the successful closure of INL’s recent Rights Issue. In addition, INL announces that 45,000,000 options expiring 30 June 2008 with an exercise price of $0.08 per share were not exercised and have therefore lapsed.

Yours faithfully Intec Ltd

==> picture [95 x 53] intentionally omitted <==

Philip R Wood

Managing Director and Chief Executive Officer

Appendix 3B New issue announcement

Intec Ltd

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Intec Ltd

ABN

25 001 150 849

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to Ordinary shares and quoted options be issued

• 2 Number of[+] securities issued or to 111,919,975 ordinary shares and 131,919,975 quoted be issued (if known) or maximum options. number which may be issued

• 3 Principal terms of the[+] securities Ordinary shares and quoted options having an exercise (eg, if options, exercise price and price of $0.08 and an expiry date of 31 December 2009. expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Appendix 3B Page 2

Appendix 3B New issue announcement

Intec Ltd

• 4 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state:

The ordinary shares will be quoted and rank equally with Intec’s currently quoted ordinary shares.

There are currently no quoted options.

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration

$0.05 per ordinary share with one free attached quoted option. In addition, 20 million quoted options were issued as part consideration for an Underwriting Agreement.

• 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

As set out in announcement dated 28 May 2008.

• 7 Dates of entering[+] securities into uncertificated holdings or despatch of certificates

1 July 2008

	1 July 2008	1 July 2008
8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	Number	+Class
	671,519,848 20,000,000 111,919,975	Ordinary Shares 31 December 2009 Quoted Options – exercise price $0.08 These options were issued pursuant to the Underwriting Agreement entered into with Veritas Securities Limited. 31 December 2009 Quoted Options – exercise price $0.08

Appendix 3B Page 3

Appendix 3B New issue announcement

Intec Ltd

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable)	Number	+Class
	3,177,916	26 November 2008 Options – exercise price $0.10
	1,275,000	30 June 2009 Options – exercise price $0.49625
	5,869,014	24 February 2010 Options – exercise price $0.069
	7,210,000	31 August 2011 Options – exercise price $0.11
	4,700,000	25 September 2012 Options – exercise price $0.15
	6,350,000	25 September 2012 Options – exercise price $0.15 These options will not vest, and may not be exercised, until the Trigger Price Threshold of $0.25 is met. To meet the Trigger Price Threshold, the price of Intec Ltd shares traded on the Australian Securities Exchange must have closed above $0.25 for 20 consecutive trading days or Intec Ltd must have received a bona fide offer for a majority or all of its shares whether by takeover or scheme of arrangement.

10	Dividend policy (in the case of a
	trust, distribution policy) on the
	increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the +securities will be offered	No
	Renounceable
	The renounceable rights issue is one share and one option for every five shares held on the record date.

Appendix 3B Page 4

Appendix 3B New issue announcement

Intec Ltd

14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders	The quoted options are to subscribe for ordinary shares at an exercise price of $0.08 and are exercisable untilexpiry on 31 December 2009.
	6 June 2008
	Yes
	Fractions will be rounded up
	As set out in page 7 of the Prospectus dated 28 May 2008.
	5:00pm AEST on 24 June 2008
	Veritas Securities Limited
	Refer to section 8.1 of the Prospectus dated 28 May 2008.
	None
	Not applicable
	None
	Not applicable
	10 June 2008
	Notices will be sent to option holders on 27 May 2008.

Appendix 3B Page 5

Appendix 3B New issue announcement

Intec Ltd

28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do +security holders sell their entitlements in full through a broker? 31 How do +security holders sell part of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	2June 2008
	17 June 2008
	Refer to Section 4.6 of the Prospectus dated 28 May 2008.
	Refer to Section 4.7 of the Prospectus dated 28 May 2008.
	Refer to Section 4.9 of the Prospectus dated 28 May 2008.
	1 July 2008

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a) √ Securities described in Part 1 (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the additional ][+][securities, ] and the number and percentage of additional[+] securities held by those holders 36[If the ][+][securities are ][+][equity securities, a distribution schedule of the additional ][+][securities setting out ] the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37[A copy of any trust deed for the additional ][+][securities ]

Appendix 3B Page 6

Appendix 3B New issue announcement

Intec Ltd

Entities that have ticked box 34(b)

38 Number of securities for which to +quotation is sought 42

Questions 38 to 42 are not applicable

Appendix 3B Page 7

Appendix 3B New issue announcement

Intec Ltd

Quotation agreement

1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

==> picture [95 x 54] intentionally omitted <==

Date: 1 July, 2008

(Director ~~/Secretary)~~

Print name: Philip R Wood

Appen3B rights issue 28 May08

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B Page 8