SYNTARA LIMITED — Director's Dealing 2009

Jul 5, 2009

Appendix 3Y Change of Director’s Interest Notice

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 PHARMAXIS LTD ABN 75 082 811 630

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	Denis Michael Hanley
Date of last notice	21 November 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	Change in direct and two indirect interests
Nature of indirect interest	Shares acquired by Denis Hanley Pty Ltd as trustee for
(including registered holder)	the Denis M Hanley Family Trust of which Denis
Note: Provide details of the circumstances giving rise to therelevant interest.	Hanley is a potential beneficiaryShares acquired by Denis Hanley as trustee of the Denis
	Hanley Superannuation Fund of which Denis Hanley is a
	potentialbeneficiary
Date of change	1 July 2007
No. of securities held prior to change	Ordinary shares held directly: 567,946
	Ordinary shares held indirectly: 203,895
	Options overordinary shares:1,120,000
Class	Ordinary shares
Number acquired	2,127 ordinary shares acquired directly
	2,127 ordinary shares acquired on behalf of the Denis M
	Hanley Family Trust
	2,127 ordinary shares acquired on behalf of the Denis
	Hanley Superannuation Fund
Number disposed	Nil
Value/Consideration	A$2.35 per share
Note: If consideration is non-cash, provide details and
estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Ordinary shares held directly: 570,073Ordinary shares held indirectly: 208,149Options over ordinary shares: 1,120,000
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Purchase under share purchase plan

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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002