SPENDA LIMITED — Director's Dealing 2007

Mar 15, 2007

Appendix 3Y

Rule 3.19A.2

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 (ASX:PBI)
ABN:	$\sim$ 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: Duncan Clegg
Date of Last Notice: $\frac{10^{th}}{9^{th}}$ December 2005

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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	$15th$ March 2007
No. of securities held prior to change	DirectIndirectTotal	Shares	Options300,000300,000
Class	Shares
Number acquired	DirectIndirect	Shares75,000	Options
Number disposed	DirectIndirect	Shares	Options

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-eash, provide details and estimatedvaluation	$12,000
No. of securities held after change		Shares	Options
	Direct	75,000	300,000
	Indirect
	Total	75,000	300,000
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On-Market Acquisition

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 to
changeNote: 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

www.thecfo.com.au 15/03/2007

$+$ See chapter 19 for defined terms.