SPENDA LIMITED — Director's Dealing 2008

Apr 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	Frank Cannavo
Date of last notice	22 June 2007

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 to indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	holding to indirect		Transfer of 1,300,000 shares from direct
Date of change	28 March 2008
No. of securities held prior to change
		Shares	Options
	Direct	1,300,000	-
	Indirect	-	-
	Total	1,300,000	-
Class	Ordinary
Number acquired
		Shares	Options
	Direct	-	-
	Indirect	1,300,000	-
	Total	1,300,000	-
			Transfer of shares from direct to indirect
	holding.

+ See chapter 19 for defined terms.

Number disposed
		Shares	Options
	Direct	1,300,000	-
	Indirect	-	-
	Total	1,300,000	-
			Transfer of shares from direct to indirect
	holding.
Value/Consideration			Nil – transfer from direct to indirect holding.
Note: If consideration is non-cash, provide details and estimated	Same beneficial holder.
valuation
No. of securities held after change
		Shares	Options
	Direct	-	-
	Indirect	1,300,000	-
	Total	1,300,000	-
Nature of change	Off-Market trade
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation inbuy-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.