SPENDA LIMITED — Director's Dealing 2007

Apr 9, 2007

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
ABN:	$\sim$ 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: Frank Cannavo
	Date of Appointment: Thursday $5^{th}$ April 2007

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.

Andrea StateShares	1,000,000
.The Story of StoryOptions	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 SecuritiesinterestNote: Provide details of the circumstances giving rise tothe 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
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

ECFO www.thecfo.com.au 10/04/2007

$+$ See chapter 19 for defined terms.