EDU HOLDINGS LIMITED — Director's Dealing 2007

Oct 14, 2007

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ASX Announcement

15 October 2007

Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

APPENDIX 3Y – CHANGE OF DIRECTOR’S INTEREST NOTICE

Please find the attached document for release to the market.

Yours sincerely

Tania Thomson Company Secretary

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“Discover the UCW Home Shopping Experience”

PO Box 1000 Castle Hill NSW 1765 Australia Ph: (02) 8853 2800 Fax: (02) 8853 2899 Email: investor@ucw.com.au Website www.ucw.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 30/9/2001.

Name of entity	UnderCoverWear Limited
ABN	85 108 962 152

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	Geoffrey Guild Hill
Date of last notice	29 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

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	H.F.T Nominees Pty Limited < HFT Super Fund A/c>
Date of change	8 October 2007
No. of securities held prior to change	10,000
Class	Ordinary shares each fully paid
Number acquired	Nil
Number disposed	10,000
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$7,879
No. of securities held after change	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

NaExaissupart	NaExaissupart	ture of chang	e	On	-market trade
		mple: on-market trade,e of securities und	off-market trade, exercise of options,er dividend reinvestment plan,
		icipation in buy-back
		rt 2 – Chang	e of director’s interests i		n contracts
		e: In the case of a comp	any, interests which come within paragraph (i		i) of the definition of “not	ifiable interest of a director” sh	ould be disclosed in
		part.
	D	il f		N/	A
		eta o contr	ct
	N	ature of inter	est	N/	A
	N(i	ame of registered holderf issued securities)		N/	A
	Date of change	ate of change		N/	A
	No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed			N/A
	Interest acquired			N/A
	Interest disposed			N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation			N/A
	Interest after change			N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002