SCIDEV LTD — Share Issue/Capital Change 2014

Dec 9, 2014

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Level 3 100 Mount Street North Sydney NSW 2060 Australia PO Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9954-7888 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office Australian Securities Exchange

10 December 2014

Grant of Options under Intec Employee Share Scheme

As disclosed in the announcement of the results of the Company’s 2014 Annual General Meeting held on 28 November, shareholders approved both the Intec Employee Share Scheme and the grant of options to each of the Company’s Directors. The options granted to Directors are as follows:

Kieran G Rodgers: 2,000,000 Daniel J Cronin: 2,000,000 Trevor A Jones: 1,000,000

In addition, 500,000 options have been granted to the Company Secretary. The attached Appendix 3B records the issuance today of 5,500,000 unquoted options with an exercise price of $0.025 and an expiry date of 28 November 2019.

Intec Ltd

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Kieran Rodgers Managing Director

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 be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 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 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	Unquoted options
	5,500,000
	Options granted under the Intec Employee Share Scheme. Exercise price: $0.025 Expiry date: 28 November 2019
	Not applicable
	Nil

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6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Options granted under the Intec Employee Share Scheme. 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 10 December 2014 Number +Class 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable) 299,818,669 Ordinary Shares Number +Class 9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable) 3,300,000 5,500,000 21 November 2016 Options – exercise price $0.03 28 November 2019 Options – exercise price $0.025 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Not applicable art 2 - Bonus issue or pro rata issue 11 Is security holder approval required? Questions 11 to 33 are not applicable.	Options granted under the Intec Employee Share Scheme.	Options granted under the Intec Employee Share Scheme.	Options granted under the Intec Employee Share Scheme.
	10 December 2014
	Number		+Class
	299,818,669		Ordinary Shares
	Number		+Class
	3,300,000 5,500,000		21 November 2016 Options – exercise price $0.03 28 November 2019 Options – exercise price $0.025
	Not applicable
		Questions 11 to 33 are not applicable.

Part 2 - Bonus issue or pro rata issue

to 33

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

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Entities that have ticked box 34(b)

38 Number of securities for which Questions 38 to 42 are not applicable to +quotation is sought 42

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:

Kieran Rodgers Date: 10 December 2014

(Director/ ~~Secretary)~~

Print name:

Kieran G Rodgers

Appendix 3B 10 December 2014

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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