Hello supportive Intec shareholders,

 

Like all of you, I am very concerned about the current weakness of the INL share price, which no doubt reflects our Company’s cash constraints but certainly does not properly value our excellent operational progress and project opportunities. It is imperative that our working capital position is secured over the next six months by the Second Note under the Security Purchase Agreement with La Jolla Cove Investors Inc. in order that this progress and these opportunities come to fruition via proposed corporate transactions and re-rate our market capitalisation.

 

Therefore, and as is always the case, Intec welcomes early, strong and quantifiable support of its forthcoming shareholder resolutions, which have been unanimously recommended by your Directors. Please see the linked ASX-lodged documents, which all of you as Intec shareholders – including your family and friends - should by now have received at your registered postal address.

 

I therefore ask you to ensure that, whether or not you will be attending our 30 June EGM, you immediately submit your completed proxy forms well in advance of the meeting to Registries Limited (via the online voting option, via fax on 02 9290 9655 (or +61 2 9290 9655 for our international shareholders) or in your pre-paid postal envelope). Your proxy form should not only specify either the Chairman of the Meeting or an attending individual to be your proxy, but should also instruct him/her to vote specifically in favour of each resolution by placing an ‘X’ in each of the three ‘For’ boxes for this purpose. All of my family and my superannuation fund have already done so, as have all Intec Directors, shareholder staff and key consultants.

 

Please also suggest to your family members and/or friends who are Intec shareholders that they promptly do likewise. You are encouraged to forward this email to them if appropriate. If you have any questions, I encourage you to contact Dave Sammut (02 9925 8170 or +61 2 9925 8170 or dave@intec.com.au) and/or if you require any practical assistance, please contact Elizabeth Psarris (02 9925 8170 or +61 2 9925 8170  or elizabeth.psarris@intec.com.au). Of course, you are also very welcome to contact me directly should you wish to do so.

 

We all believe that Intec deserves a productive future, so I thank you now for your prompt and effective support.

 

Kind regards, Philip.

 

Philip R. Wood

Managing Director and Chief Executive Officer

 

Intec Ltd

Level 3,

2 Elizabeth Plaza,

North Sydney NSW 2060

Australia

 

Tel: (+61 2) 9925 8170

Fax: (+61 2) 9925 8110

Mobile: (+61 (0)) 438 675 501

Email: philip@intec.com.au
Website: www.intec.com.au

ASX Code: INL