SCIDEV LTD — Capital/Financing Update 2019

Apr 7, 2019

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Suite 105 48 Atchison Street St Leonards NSW 2065 Australia ABN 25 001 150 849

Phone: 61 0428 002 590 Email: admin@scidev.com.au Website: www.scidev.com.au ASX code: SDV

Companies Announcements Office Australian Stock Exchange

8 April 2019

Tartana Transaction Variation and Sale of Tartana Shares

SciDev Ltd (ASX: SDV) (SciDev or the Company) advises that it has now implemented resolutions 1 and 2 as approved by shareholders at the Company’s General Meeting on 28 March 2019.

These two resolutions affected a variation to the Tartana transaction, whereby SciDev will receive 5,000,000 additional Tartana shares in replacement of $500,000 cash proposed to be paid to it under the initially agreed transaction.

To date, $300,000 in cash been received from Tartana and in order to repay that $300,000, SciDev agreed to sell Tartana shares to raise $500,000, of which $300,000 would be utilised to repay the $300,000 cash to Tartana and $200,000 would remain as general working capital. These share sales were settled on Friday, 5 April 2019.

Tartana can now move forward with its proposed ASX IPO and SciDev, as a major Tartana shareholder, looks forward to sharing in Tartana’s success moving forward.

Yours Sincerely SciDev Ltd

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Heath Roberts Company Secretary