CL8 HOLDINGS LIMITED — Director's Dealing 2007

Aug 7, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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	WebSpy Limited
ABN	60 066 153 982

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Thomas McGellin
Date of last notice	3 January 2007

Part 1 - Change of director’s relevant interests in securities

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

Direct or indirect interest		Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.		Registered holders:1) Underpass Holdings Pty Ltd – Director2) SKI Superannuation Fund A/C- Trustee
Date of change		26 June 2007
No. of securities held prior to change		Underpass Holdings Pty Ltd6,233,386 ord. fully paid shares4,000,000 options exercisable at 7.0 centseach on or before 31 December 2007SKI Superannuation Fund A/C1,431,800 ord. fully paid shares
Class		See above
Number acquired		SKI Superannuation Fund A/C2,644,086 ord. fully paid shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number disposed				Underpass Holdings Pty Ltd
				4,233,386 ord. fully paid shares
Value/ConsiderationNote: If consideration is non-cash, provide		details and estimated		Acquired: $102,976.85
valuation				Disposed: $165,102.05
No. of securities held after change				Underpass Holdings Pty Ltd
				2,000,000 ord. fully paid shares
				4,000,000 options exercisable at 7.0 cents
				each on or before 31 December 2007
				SKI Superannuation Fund A/C
				4,075,886 ord. fully paid shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,				On-market trade
issueofsecuritiesunder	dividend	reinvestment	plan,
participation in buy-back

Part 2 – Change of director’s interests in contracts

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001