ann out. intec ltd results for year ended 30 j

Intec Ltd (ASX code: INL) is in the process of completing its financial statements for the year
ended 30 June 2007 and is expecting to release these results on or before 31 August 2007.

Under the terms of the Hellyer Zinc Concentrate Joint Venture (HZCJV) agreement, Intec provides
use of its fixed assets at Hellyer to the HZCJV. Intec retains at all times full ownership of all of the
fixed assets that are employed in the operation of the HZCJV. During the year ended 30 June 2007,
Intec received a non-refundable payment from the HZCJV for the HZCJV’s use of certain of these
assets for the duration of the HZCJV agreement.

Under Accounting Standards and other mandatory financial reporting requirements in Australia, and
in accordance with the accounting policies adopted by the HZCJV, Intec is required to recognise
this income received for use of these assets over the anticipated four year life of the HZCJV.

The effect of adopting this accounting policy is the deferral of approximately $1.5 million of
revenue already received and is expected to result in an overall after-tax loss for Intec of
approximately $1.1 million being recorded for the year ended 30 June 2007, which is inconsistent
with the verbal guidance given by me during an earlier Macquarie Digital interview (as reiterated in
the Investor Q&A Forum on Intec’s website) of a ‘marginal maiden profit’.

Yours faithfully
Intec Ltd



Philip R. Wood
Managing Director and Chief Executive Officer