capital raising at 12c

Underwriting Agreement for Capital Raising
Melbourne, October 15, 2008 – The Board of Medic Vision Limited (“Medic Vision” or
the “Company”) (AIM: MVH) is pleased to announce the signing of an underwriting
agreement for the raising of approximately $1,000,000 by Tambour Capital Partners
Pty Ltd (Tambour Capital) in exchange for listed equity in the Company at an issue
price of twelve cents (12¢)
The capital raising will conclude on the 31st October 2008
The funds raised will be under the 15% rule and therefore not subject to shareholder
approval. The monies will be used to fund the expansion of the business.
On behalf of the Board
Ross Horley
Managing Director
Medic Vision Limited