SPENDA LIMITED — Director's Dealing 2008

Jun 3, 2008

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 Medic Vision Ltd
ABN	67099084143

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	Patrick Cregan
Date of last notice	06 February 2008

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 therelevant interest.	Granting of 500,000 options at an exercisepriceof$0.20pershareexercisableimmediately.The final exercise date for the options willbe 28 February 2012.
Date of change	4 June 2008
No. of securities held prior to change
		Shares	Options
	Direct	-	-
	Indirect	-	-
	Total	-	-
Class		Options over ordinary shares
Number acquired
		Shares	Options
	Direct	-	500,000
	Indirect	-	-
	Total	-	500,000

+ See chapter 19 for defined terms.

Number disposed
		Shares	Options
	Direct	-	-
	Indirect	-	-
	Total	-	-
Value/Consideration	Nil.
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change
		Shares	Options
	Direct	-	500,000
	Indirect	-	-
	Total	-	500,000
Nature of change	Grant of Options
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment plan,participation in buy-back

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

+ See chapter 19 for defined terms.