SCIDEV LTD — Capital/Financing Update 2008

Jun 25, 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

Companies Announcements Office Australian Securities Exchange

26 June 2008

Successful Completion of Rights Issue

The Directors of Intec Ltd (ASX Codes: INL and INLO) advise that the Company’s one for five renounceable rights issue to shareholders of 111,919,975 new shares at the price of A$0.05 per share, together with 111,919,975 free attaching options (exercisable at A$0.08 by 31 December 2009), to raise approximately A$5.6 million closed on 24 June 2008.

I am very pleased to report that 89,821,975 new shares, representing over 80% of shareholder entitlements, have been applied for, leaving a total shortfall of just 22,098,180 new shares (under 20%). The Directors particularly thank the Company’s shareholders, both large and small, local and overseas, for their strong support of this rights issue, particularly in the context of the recent weak performances of both the Australian share market and Australian dollar zinc and lead prices.

Veritas Securities Limited and its sub-underwriters have fully underwritten the shortfall, and Intec has greatly appreciated their support and commitment throughout the rights issue period. I would also congratulate Registries Limited on its characteristically thorough and professional efforts as Intec’s share registry to complete this rights issue expeditiously within the tight timeframe.

The following is the remaining timetable for the issue:

Allotment of New Shares and New Options	27 June 2008
Dispatch of holdingstatements	1 July2008
Tradingof New Shares and New Options expected to commence on ASX	2 July2008

Yours faithfully Intec Ltd

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Philip R Wood Managing Director & Chief Executive Officer

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ASX code: INL