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Medic Vision Limited

('Medic Vision' or the 'Company')

Directorate Change / Update re Issue of Unsecured Convertible Notes (the 'Convertible Notes') / Update on Reinstatement of ASX Listing 

Melbourne, 26 August 2009

Medic Vision (ASX/AIM: MVH) announces the resignation of Ponnambalam Sivasubramanium ('Siva'), who is leaving to pursue other business interests. Siva's resignation became effective on 14 August 2009.

The Board of Directors would like to thank Siva for his contribution during his short tenure on the Board of Medic Vision and wish him all the best in his future endeavours.

This announcement includes Siva's Final Director's Interest Notice - Appendix 3Z (see below).

The Company would like to clarify that the resignation of Ratnarajah Navaratnam, as announced on 3 August 2009, took effect from close of the board meeting held on 14 July 2009.

Medic Vision is pleased to announce that the Company received, on 21 August 2009, all of the outstanding funds of AU$65,000 which were to be received from the Convertible Note fund raising, as set out in the announcement of 3 August 2009. 

The Company is continuing its discussions with the ASX and its auditors regarding Medic Vision's reinstatement to ASX listing. The Board is confident that Medic Vision will have its listing reinstated on ASX within a short period of time. A further announcement in relation to this issue will be made in due course.

For further information contact:

Vince Leone Chief Executive Officer & President Medic Vision	Email: vince.leone@medicvision.com.au Mob: +61 421 054 140
Stuart Faulkner / David Altberg Strand Partners Limited	Tel: +44 20 7409 3494
Ruari McGirr St Helen's Capital Plc	Tel: +44 20 7628 5582

Background on Medic Vision Limited

Medic Vision is a technology based company specialising in the application of technology for surgical and medical skills training. Medic Vision provides consulting services in the development of skills training centres as well as developing and deploying computer-based surgical and medical high fidelity simulators.

See www.medicvision.com.au for more details

Appendix 3Z

Final 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 LIMITED

ABN: 67 099 084 143

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.  

Name of director	Ponnambalam Sivasubramanium
Date of last notice	20 May 2009
Date that director ceased to be director	14 August 2009

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities Nil

  

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest

Number & class of securities Nil

Part 3 - Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	Nil

ENDBOAIIFITTVIRFIA