SCIDEV LTD — Capital/Financing Update 2009

Jun 8, 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

9 June 2009

Operations and Capital Raising Update

CURRENT PROJECTS

Burnie Research Facility in Tasmania

The commercial recycling of heavy metal wastes from ACL at Intec’s Burnie Research Facility continues successfully. The operation has been run as a series of campaigns based on the timing of feedstock deliveries, which has the added benefit of maximising opportunities for interested parties to visit the operations as part of the recycling service and technology sales process. Intec is currently actively progressing further specific opportunities to secure additional commercial waste treatment contracts for the site.

Tasmanian Awards for Environmental Excellence: 2[nd] placed Finalist

Intec is pleased to note that the breakthrough Intec technology for recycling of heavy metals applied at the Burnie Research Facility came second in the finals of the Tasmanian Awards for Environmental Excellence, for which the award ceremonies were held in Hobart on Friday evening, 5 June 2009. Intec’s waste recycling operation achieved ‘runner-up’ for the 2009 Small Business Sustainability Award.

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The company considers this a promising sign of the growing governmental and industry recognition for the benefits offered by our heavy metal recycling technology.

Galvanising Industry Project in Victoria

Intec is concurrently pursuing a significant potential project for the recycling of spent pickle liquor from the galvanising industry, subject to partial funding support from the Victorian EPA. The funding application was submitted on schedule on 15 May 2009 and, based on Intec’s meeting with the Victorian EPA last week, it is expected that the HazWaste Fund Panel will deliver a formal response in the next few months.

The project will commence immediately upon confirmation of Victorian EPA funding. The total start-up cash cost of this project is approximately A$2 million, including the costs for the design and construction of the associated commercial treatment plant, with significant resultant testwork and demonstration plant income for Intec. Thus Intec, which will additionally make ‘in-kind’ contributions of the use of its Burnie Research Facility, project management services and a technology licence establishment fee, is not required to fund any of the cash costs of the project, which potentially has much broader long term application, both in Australia and overseas.

EAF Dust Project at Whyalla in South Australia

Following the signing of a Memorandum of Understanding with Ausmelt Limited to evaluate the potential for using Ausmelt’s Whyalla smelter to treat electric arc furnace (EAF) dust and other zinc-bearing feed materials, representatives of Intec have visited the site to progress our assessment of the opportunity. Ausmelt has assembled a ‘data room’ at its Melbourne head office to further assist the due diligence process being carried out by Intec’s technical team. To date, the site visit, data room, due diligence and all other available indicators firmly support the continued advancement of this project.

Intec has also engaged on a per diem basis the services of Mr Jim Siemon to augment Intec’s technical capabilities for the Whyalla due diligence and commissioning programmes. Mr Siemon has over thirty five years of industry experience, including CSIRO, CRA and Rio Tinto, Pasminco, Zinifex and most recently as Principal Technologist for Nyrstar. He also has important recent experience with Ausmelt’s Whyalla plant, and is thus ideally placed to assist Intec with its considerations.

Although commercial terms of a potential Whyalla transaction have not been negotiated, it should be noted that transaction and start-up costs would necessitate raising additional project capital at the appropriate time.

China Project

The Intec Process project in Southern China is being progressed by Intec’s Chinese Representative, Mr Joe Lam, specifically in terms of financing, feedstock supply, product sales arrangements and site selection. A feasibility study is already under way for the recycling of zinc, lead and other metals from Chinese steel industry dust, with the aim of expanding the project over time to become a comprehensive solid inorganic waste recycling centre. This project would retrofit an existing excellently-located plant in China for rapid implementation of the first phase of operations.

The commercial terms on which Intec’s technology is being provided to the project, Intec's resultant free-carried project interest and our representation in the incorporated joint venture, are currently being negotiated.

Timing

The timing of the various projects is dependent on a number of factors beyond Intec’s control, but an indicative framework is as follows:

• ACL waste recycling at Intec’s Burnie Demonstration Plant - already underway

• Further commercial waste recycling contracts at Burnie - 2009 and expected to be ongoing

• Victorian spent pickle liquor recycling - (subject to partial government funding) programme covering 2009 & 2010. Project income near term.

• Other Australian commercial galvanising industry plants/projects - 2010 and/or later

• Other developing waste application opportunities - 2009, 2010 and hopefully ongoing

• Ausmelt - Due diligence for three months. If appropriate, implementation in late 2009/early 2010.

CORPORATE UPDATE

Intec Ltd (ASX code: INL) announced on 30 April 2009 a Share Purchase Plan (SPP, at a price of A$0.015 per share) up to a maximum of one million shares (A$15,000), and associated Placement for larger and/or incoming investors.

The Directors regard the A$0.015 SPP price as an historically attractive entry price and will, individually and through their associates, invest to the maximum extent possible, bearing in mind their respective personal financial capacities to do so and normal prudential considerations regarding balanced risk-weighted portfolio investments.

The modest capital requirements served by this SPP and Placement will be applied principally as working capital to develop Intec’s abovementioned projects.

The SPP and associated Placement close on 12 June 2009. Intec has engaged the services of the Radar Group (www.radargroup.com.au) to contact the Company’s shareholders to ensure that they have received the SPP documentation, understand the key contents of the accompanying Chairman’s/CEO’s letter, have provided their most up-to-date contact details, and are again offered the opportunity to receive email updates from us on a regular basis.

Thus, every effort will be made to ensure that all shareholders have the opportunity to invest prior to the Friday 12 June 2009 Closing Date and, on behalf of Intec’s directors and staff, I would like to thank all shareholders for their ongoing support.

Yours faithfully

Intec Ltd

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Philip R Wood Managing Director and Chief Executive Officer