SCIDEV LTD — Capital/Financing Update 2009

Jun 18, 2009

ABN 25 001 150 849

Level 3 2 Elizabeth Plaza North Sydney NSW 2060 Australia 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 June 2009

Share Purchase Plan and Placement Results

Intec Ltd (ASX code: INL) is pleased to announce the successful completion of its recent Share Purchase Plan and associated Placement. As noted by me to the Intec board at its meeting earlier this week, the investment response (in excess of $2 million) has been “healthily above expectations”.

An Appendix 3B (for the quotation of newly issued shares following their allotment today) and Appendices 3Y (in respect of increases in direct and/or indirect INL shareholdings for all of Intec’s directors) are being lodged concurrently with this announcement.

The directors and staff of Intec would like to thank investors for their funding support at the attractive entry price of A$0.015 per share. This price represented a significant discount relative to the INL share trading price prior to the announcement of the SPP/Placement, and the ensuing announcements of the Victorian galvanising industry project and the Whyalla EAFD recycling project.

Although the INL share price inevitably matched the SPP issue price during the offer period, Intec now looks forward to applying its enhanced working capital to advancing our current projects.

Yours faithfully Intec Ltd

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Philip R. Wood

Managing Director and Chief Executive Officer