SCIDEV LTD — Share Issue/Capital Change 2008

Feb 14, 2008

ABN 25 001 150 849

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

Phone: 02-9351-6741 Fax: 02-9351-7180 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office15 February 2008 Australian Securities Exchange

Grant of Options under Intec Option Plan

Attached is a completed Appendix 3B in respect of the grant of options to Directors under the Intec Option Plan as approved by shareholder resolution on 14 November 2007.

Yours faithfully Intec Ltd

Grahame Clegg Company Secretary

Appen3bissueofshares

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 6,350,000 options
• 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)

6,350,000 options

Options are granted under the Intec Option Plan.
The options have an exercise price of 15 cents per shareand an expiry date of 25 September 2012. The options
will not vest, and may not be exercised, until the Trigger
Price Threshold of 25 cents is met. To meet the Trigger
Price Threshold, the price of Intec Ltd shares traded on
the Australian Securities Exchange must have closed
above 25 cents for 20 consecutive trading days or Intec
Ltd must have received a bona fide offer for a majority
or all of its shares whether by takeover or scheme of
arrangement.

4	Do the +securities rank equally inallrespectsfromthe date ofallotment with an existing +class ofquoted +securities?	N/A
	If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipateforthenextdividend, (in the case of a trust,distribution) or interest payment
	•the extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment
5	Issue price or consideration	Nil
6	Purpose of the issue(If issued as consideration for theacquisitionofassets,clearlyidentify those assets)		Options granted under the Intec Option Plan
7	Dates of entering +securities intouncertificated holdings or despatchof certificates	15 February 2008
		Number	+Class
8	Number and +class of all +securitiesquoted on ASX (including thesecurities in clause 2 if applicable)	559,599,873	Fully paid Ordinary Shares
		Number	+Class
		45,000,000	30 June 2008 Options – exercise price$0.08
		3,177,916	26 November 2008 Options – exerciseprice $0.10
		1,275,000	30 June 2009 Options – exercise price$0.49625
		5,869,014	24 February 2010 Options – exerciseprice $0.069
		7,210,000	31 August 2011 Options – exercise price$0.11
		4,700,000	25 September 2012 Options – exerciseprice $0.15

6,350,000

25 September 2012 Options – exerciseprice of $0.15 per share.

The options will not vest, and may not beexercised, until the Trigger PriceThreshold of 25 cents is met. To meetthe Trigger Price Threshold, the price ofIntec Ltd shares traded on theAustralian Securities Exchange musthave closed above 25 cents for 20consecutive trading days or Intec Ltdmust have received a bona fide offer fora majority or all of its shares whether bytakeover or scheme of arrangement.

10	Dividend policy (in the case of a	When the options are exercised the shares issued will
	trust, distribution policy) on the	rank equally with existing fully paid Ordinary Shares in
	increased capital (interests)	regard to future dividends.

Part 2 - Bonus issue or pro rata issue

11	Issecurity	holder	approval	Questions 11 to 33 are not applicable.
to	required?
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

Entities that have ticked box 34(b)

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

to 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: Date: 15 February 2008

(Secretary)

Print name: Grahame Clegg

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appen3b