DESANE GROUP HOLDINGS LIMITED — Director's Dealing 2011

May 9, 2011

GROUP HOLDINGS LIMITED

A.B.N. 61 003 184 932

10 May 2011

The Manager Companies Australian Stock Exchange (Sydney) Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

APPENDIX 3Y Change of Director’s Interest Notice

Please find attached Appendix 3Y – Change of Director’s Interest Notice, on behalf of Mr Montrone.

Yours faithfully,

DESANE GROUP HOLDINGS LIMITED

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JOHN BARTHOLOMEW Company Secretary

ABOUT DESANE:

Desane Group Holdings Limited is a significant Sydney based landlord. The areas we specialise in are property investment, property services and property management. Desane owns $44.6 million of properties and other assets and manages a further $21.5 million of industrial and commercial properties in the Sydney region. Our medium term objective is to continue to grow the Group’s property assets.

Level 1, 89 Moore St, Leichhardt NSW 2040 PO BOX 331, LEICHHARDT NSW 2040 Australia

Tel Int: 61 2 9569 0344 Fax Int: 61 2 9550 9363 Email: info@desane.com.au Website: www.desane.com.au

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 30/09/01 Amended 01/01/11

Name of entity	DESANE GROUP HOLDINGS LIMITED
ABN	61 003 184 932

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	FELICE MONTRONE
Date of last notice	8 February 2011

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

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.

Direct or indirect interest	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	• Shareholder of Cupara Pty Ltd; • Shareholder of Mansfield Holdings Pty Ltd; • Beneficiary of super fund; • Spouse; and • Children.
Date of change	6 May 2011
No. of securities held prior to change	Felice Montrone 54,538 Cupara Pty Ltd 9,246,252 M & M Super Fund 1,108,972 Mansfield Holdings Pty Ltd 367,754 Miranda Montrone (wife) 54,404 Riccardo D. Montrone (son) 58,502 Vanessa Montrone (daughter) 119,002 Susanna Montrone (daughter) 119,002
Class	Ordinary Shares
Number acquired	Nil
Number disposed	31,230

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$17,801.10
No. of securities held after change	Felice Montrone 54,538 Cupara Pty Ltd 9,246,252 M & M Super Fund 1,108,972 Mansfield Holdings Pty Ltd 367,754 Miranda Montrone (wife) 54,404 Riccardo D. Montrone (son) 27,272 Vanessa Montrone (daughter) 119,002 Susanna Montrone (daughter) 119,002
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Off‐market trade

Part 2 – Change of director’s interests in contracts

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.

Detail of contract	NOT APPLICABLE
Nature of interest	NOT APPLICABLE
Name of registered holder (if issued securities)	NOT APPLICABLE
Date of change	NOT APPLICABLE
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	NOT APPLICABLE
Interest acquired	NOT APPLICABLE
Interest disposed	NOT APPLICABLE
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation	NOT APPLICABLE
Interest after change	NOT APPLICABLE

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3