SCIDEV LTD — Share Issue/Capital Change 2011

Dec 8, 2011

Level 3 Leverl 3 2 Elizabeth Plaza North Sydney NSW 2060 Australia PO Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9954 7888 Fax: 02-8904 0334 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

9 December 2011

Companies Announcements Office Australian Stock Exchange Limited

Grant of Options under Intec Option Plan (IOP)

As disclosed in the announcement of the results of the Company's 2011 Annual General Meeting (AGM) dated 21 November 2011, options have been granted to each of Intec's directors, and to all executive staff and key consultants as defined under the IOP. Thus, 9,000,000 options have been issued today as follows:

•	employees and key consultants	5,200,000
•	directors (as at 21 November 2011)	3,800,000

At the AGM, shareholders approved the issue of the following options under the IOP to directors:

•	Philip R Wood	1,400,000
•	Kieran G Rodgers	1,200,000
•	Trevor A Jones	400,000
•	James R G Bell	300,000
•	A John Moyes (retired as a director on 21 November 2011	500,000
	and continues as a technical consultant to the Company)

All options expire on 21 November 2016 and have an exercise price of $0.03.

Yours faithfully Intec Ltd

Philip R. Wood Managing Director & Chief Executive Officer

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, 24/10/2005.

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

9,000,000 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)

9,000,000 options.

Options granted under the Intec Option Plan with an exercise price of $0.03 and expiring on 21 November 2016.

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 Nil.

• 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
• 7 Dates of entering +securities into uncertificated holdings or despatch of certificates

9 December 2011.

	Number	+Class
8+classNumberandofall+securitiesquotedonASX(including the securities in clause2 if applicable)	191,485,334	Ordinary Shares.

Options granted under the Intec Option Plan.

		Number	+Class
9	+classNumberandofall	470,000	25 September 2012
	+securities not quoted on ASX		Options – exercise
	(including the securities in clause		price $1.50.
	2 if applicable)
		635,000	25 September 2012
			Options – exercise
			price $1.50
			These options will not
			vest, and may not be
			exercised, until the
			Trigger Price
			Threshold of $2.50 is
			met. To meet the
			Trigger Price
			Threshold, the price of
			Intec Ltd shares traded
			on the Australian
			Securities Exchange
			must have closed
			above $2.50 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.
		9,000,000	21 November 2016
			Options – exercise price
			$0.03.

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue Questions 11 to 42 are not applicable.

15	+Recorddatetodetermineentitlements
16	Will holdings on different registers(or subregisters) be aggregated forcalculating entitlements?
17	Policy for deciding entitlements inrelation to fractions
18	Names of countries in which theentity has +security holders whowillnotbesentnewissuedocuments
	Note: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.
19	Closingdateforreceiptofacceptances or renunciations
20	Names of any underwriters
21	Amount of any underwriting fee orcommission
22	Names of any brokers to the issue
23	Fee or commission payable to thebroker to the issue
24	Amountofanyhandlingfeepayabletobrokerswholodgeacceptances or renunciations onbehalf of +security holders
25	Iftheissueiscontingenton+security holders' approval, the dateof the meeting
26	Date entitlement and acceptanceform and prospectus or ProductDisclosure Statement will be sent topersons entitled
27	If the entity has issued options, andthe terms entitle option holders toparticipate on exercise, the date onwhich notices will be sent to optionholders

Appendix 3B New issue announcement

28	Date rights trading will begin (ifapplicable)
29	Date rights trading will end (ifapplicable)
30	How do +security holders sell theirentitlementsinfullthroughabroker?
31	How do +security holders sell partoftheirentitlementsthroughabroker and accept for the balance?
32	How do +security holders disposeof their entitlements (except by salethrough a broker)?
33	+Despatch date

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 theadditional +securities, and the number and percentage of additional +securities held bythose holders
36	If the +securities are +equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories1 - 1,0001,001 - 5,0005,001 - 10,00010,001 - 100,000100,001 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 39 Class of +securities for which quotation is sought 40 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 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Sign here: ............................................................ Date: ....9 December 2011..... (Director/Company secretary)

Print name: Philip R. Wood