SPENDA LIMITED — Director's Dealing 2005

Nov 13, 2005

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

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 30/9/2001.

Name of entity: Premier Bionics Limited
IABN:	67 099 084 143

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Duncan Clegg
Date of appointment	20 October 2005

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

$+$ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities
interestNote: Provide details of the circumstances giving rise to
the relevant interest.
	Nil

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	300,000 unlisted options, exercisable at $0.30 onbefore 15 December 2009, subject toorshareholder approval at the upcoming AGM(resolution 13)
Nature of interest
Name of registered holder(if issued securities)	To be advised
No. and class of securitiesŧоwhich interest relates	300,000 unlisted options exercisable at $0.30 onor before 15 December 2009

$+$ See chapter 19 for defined terms.