ENERGY ONE LIMITED — Director's Dealing 2007

May 9, 2007

10^th May 2007

Company Announcements Office ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Change of Director's Interest Notice

In accordance with ASX Listing Rule 3.19A, the Change of Director's Interest Notice (Appendix 3Y) in respect of Vaughan Busby is attached.

of the ent

Joshua Rudd Company Secretary

Background

Energy One was one of Australia's first independent non-government owned electricity retailers and has licences to retail electricity in Queensland, New South Wales, the Australian Capital Territory and Victoria.

Energy One now provides savings to thousands of customers along Australia's eastern seaboard by offering hassle free electricity at great prices.

No wonder thousands of people have made the switch; we're Turning Australia On!

Sydney Office Level 2, 122 Pitt Street Sydney NSW 2000 GPO Box 3968 Sydney NSW 2001 P 1300 137 522 F 1300 886 064

Queensland Office Level 2, Waterside East, 10 Holden Place Bundall QLD 4217 PO Box 4953 Gold Coast Mall Centre QLD 9726 P 07 5574 3810 F 07 5574 3812

enquiries@energyone.com.au www.energyone.com.au ABN 37 076 583 018

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 ENERGY ONE LTD
IABN	37 076 583 018

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	VAUGHAN BUSBY
Date of last notice	$8th$ of May

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 interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	8 th of May
No. of securities held prior to change	2,567,623 Ordinary Shares
Class	Ordinary Shares
Number acquired	66,611
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$52,915.78
No. of securities held after change	2,634,234 Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acquired on-market

⁺ See chapter 19 for defined terms.

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
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.