Medic Vision Limited

("Medic Vision" or the "Company")

Related Party Transaction

London, 5 November 2009

Medic Vision (ASX/AIM: MVH) is proposing to issue ordinary shares of nil par value in the capital of the Company (the "Ordinary Shares") to Mr Vince Leone, Mr Frank Cannavo and Mr Ross Horley (together the "Related Parties") in satisfaction of accrued but unpaid remuneration under their respective employment contracts.

Further details of the proposed issue of Ordinary Shares are set out below. Mr Leone and Mr Cannavo are existing directors of the Company and Mr Horley was a director of the Company within the last twelve months. 

The issue of the Ordinary Shares to the Related Parties, as set out above, is considered to be a related party transaction under the AIM Rules for Companies. The independent director of the Company (being Indrajit (Jitto) Arulampalam) considers, having consulted with Strand Hanson Limited, that the issue of the Ordinary Shares is fair and reasonable insofar as the Company's shareholders are concerned.

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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