SPENDA LIMITED — Director's Dealing 2005

Apr 20, 2005

Rule 3.19A.2

Appendix 3Y

Change of 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
ABN:	67 099 084 143

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Martin Soust
Date of last notice	24 December 2004

Part 1 - Change of director's relevant interests in securities

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.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Director related entity
Date of change	18 April 2005
No. of securities held prior to change		Shares	Options
	Direct		1,000,000
	Indirect	384,772	282,311
Class	Shares
Number acquired		Shares	Options
	Direct
	Indirect	8,800
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Purchase of 8,800 shares at $0.30 per share
No. of securities held after change		Shares	Options
	Direct		1,000,000
	Indirect	393,572	282,311

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurifies under dividend reinvestment plan, participation in buy-back-	On market trade
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------	-----------------

Part 2 – Change of 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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

The CFO Solution www.thecfo.com.au21 April 2005

$+$ See chapter 19 for defined terms.