Renounceable Rights Issue Prospectus

By clicking on the link below you will download an electronic copy of a prospectus ("Prospectus") containing details of the renounceable rights issue made by IBA Health Limited (ABN 66 063 539 702) ("IBA") of 2 new shares for every 5 existing shares held at 7.00pm on 24 May 2007 for $1.05 per share ("Rights Issue").

The Rights Issue is made only to shareholders with registered addresses in Australia, New Zealand, Hong Kong, the Sultanate of Oman, the United Kingdom and the United States ("Eligible Shareholders").Shares will only be allotted to Eligible Shareholders on receipt of a completed personalised entitlement and acceptance form that accompanies a paper copy of the prospectus. The Corporations Act prohibits any person from passing the entitlement and acceptance form on to another person unless it is attached to or accompanied by a hard copy of the Prospectus or the complete and unaltered electronic version of the Prospectus.

The distribution of the Prospectus in jurisdictions outside Australia, New Zealand, Hong Kong, the Sultanate of Oman, the United Kingdom and the United States may be restricted by law. Accordingly, persons who obtain a copy of the Prospectus should observe and seek advice on such restrictions.Any failure to comply with these restrictions may violate applicable securities law.

The Prospectus does not constitute an offer or an invitation in any place where, or to any person to whom, it would be unlawful to make such an offer or invitation

Persons who access an electronic version of the Prospectus should ensure that they download and read the entire Prospectus.

A paper copy of the Prospectus can be obtained free of charge by calling the Rights Issue Information Line on 1300 306 152 (callers within Australia) or +61 3 9415 4305 (callers outside Australia.

By downloading the Prospectus you are deemed to represent that you have read and understood the above and warrant to IBA that your accessing of the Prospectus does not breach any securities laws.You will need Adobe Acrobat reader to view the Prospectus

    

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