1. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING CEO’S AGM PRESENTATION NOVEMBER 30 TH 2004

2. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING SIGNIFICANT CHANGES  IPO  Conversion to public company  Disappointing performance 1 st year  Departure of Joint Managing Director  Unification of company

3. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING THE WAY FORWARD  Review current operations  Set strategic goals  Consolidate resources  Leverage synergy  Motivate management and staff  Achieve targets

4. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING REVIEW OF CURRENT OPERATIONS  Goals  Improve profitability of ITL  Ensure ITL is positioned for growth  Refocus & energise staff to achieve  Timeframe  End of February 2005

5. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROGRESS TO DATE  Consultation with key staff members  Amalgamation of R&D  Improved communication  Recent ASX releases  First regular newsletter  New website (early December)

6. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROGRESS TO DATE (2)  Implementing new Financial Information System (FIS)  Implementing new Inventory Control system  Resolved patent litigation in Europe  Simplifying corporate structure

7. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING EXISTING CORPORATE STRUCTURE ITL Limited ITL Europe Ltd ITL US Inc. ITL Corporation P/L ITL Healthcare P/L Noble House Group P/L Cedrica ITL Asia Pacific S/B ITL Healthcare S/B ITL D&M P/L ITL NeedleGuard Pty Ltd Surgicare Pty Ltd

8. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROPOSED CORPORATE STRUCTURE **Potential amalgamation in the future

9. November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING OUTLOOK  Difficult year expected  1 st Quarter performance below expectations  Costs higher than anticipated  Restructuring costs  Revenue is on target  New contracts and renewals are occurring across the business  Innovative Products  Procedure Kits  OEM