SCIDEV LTD — Share Issue/Capital Change 2005

Apr 4, 2005

Intec Ltd

Superior and Sustainable Metals Production

Gordon Chiu Building J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006 Australia

Telephone: +612-9351-6741 Facsimile: +612-9351-7180 Email: mail@intec.com.au Website: www.intec.com.au

5 April 2005

Companies Announcements Office Australian Stock Exchange Limited

Issue under Intec Option Plan

Under the terms of the Intec Option Plan (IOP) and pursuant to the recommendation of its Remuneration Committee, the Board of Directors of Intec Ltd (INL) announces the grant of 6,087,213 options as recognition and incentive for staff and key consultants (excluding directors), who have advanced the technical and corporate progress of INL during the 18 month period 1 July 2003 to 31 December 2004.

The options are exercisable at A\$0.069 (6.9 A cents) for a period of five vears expiring on 24 February 2010. A copy of Appendix 3B as required by Listing Rule 3.10 is attached. Additionally under the IOP, it is proposed to grant 3,462,724 options on the same terms and in respect of the same period as above to INL's Directors as follows:

Mr Richard H Jenkins (Chairman) - 318,419 options

Mr Philip R Wood (Managing Director and Chief Executive Officer) - 1,014,590 options

$Mr A$ John Moyes (Technical Director) – 804,832 options

Mr J Philip Evans (Non-executive Director, resigned as a director from 1 April $2005$ ) - 329,783 options

Mr Ian W Ross (Non-executive Director) $-329,783$ options

Mr Kenneth J Severs (Non-executive Director, formerly Chairman) – 335,535 options

Mr Gordon Toll (Non-executive Director, resigned from 16 December November 2004, now an alternate director for Mr Ian Ross) - 329,783 options.

These granting of these options to past and present INL Directors is subject to approval by INL shareholders at the Annual General Meeting to be held later in 2005. Assuming that these options are approved, the total number of options granted under the IOP will remain at 5% of INL's issued share capital.

Yours faithfully Intec Ltd

Robert J Waring Company Secretary

Appen3bFeb2005issueofshares

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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).

$\mathbf{I}$ ⁺Class of ⁺securities issued or to be issued

6,087,213 options

$\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued

6,087,213 options

Principal terms of the *securities $\overline{3}$ (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)

The options are issued to 13 staff and four consultants and are to subscribe for ordinary shares at an exercise price of \$0.069, and are exercisable at any time until expiry on 24 February 2010.

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 ٠ participate the for next dividend, (in the case of a trust,	No The securities (options) would rank equally with INL fully paid ordinary shares upon exercise by an optionholder.
	distribution) interest OF 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	The options are granted without charge and the option exercise price is \$0.069.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Grant of options to recognise the important role of staff and key consultants in advancing the future success of INL. This issue is made under the Intec Employee Option Plan.
7	Dates of entering *securities into uncertificated holdings or despatch of certificates	5 April 2005
8	Number class and of all securities ASX quoted on (including the securities in clause 2 if applicable)	Number 424,679,602	*Class Fully paid Ordinary Shares
		Number	+ Class
9	Number class οf and all securities not quoted on ASX (including the securities in clause 2 if applicable)	7,057,122 4,626,008	16 July 2007 Options - exercise price \$0.24625 26 November 2008 Options – exercise
		1,275,000	price \$0.10 30 June 2009 Options – exercise price \$0.49625
		6,087,213	24 February 2010 Options – exercise price \$0.069

$10$ increased capital (interests)

Dividend policy (in the case of a Options granted will have no participation in dividends trust, distribution policy) on the notative property and notative policy on the notative property are exercised. until they are exercised.

Part 2 - Bonus issue or pro rata issue

			11 Is security holder approval $\sqrt{Q}$ Questions 11 to 33 are not applicable
to	required?

Part 3 - Ouotation of securities

You need only complete this section if you are applying for quotation of securities

Ouestions 34 to 42

Questions 34 to 42 are Not applicable

Quotation agreement

• $\mathbbm{1}$ +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• $\overline{2}$ 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
• We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense 3 arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any information or document not $\overline{4}$ 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:	R J Waring	Date:	5 April 2005
	(Director/Company Secretary)
Print name:	R J Waring

app3B Feb 2005 issueofshares