ENERGY ONE LIMITED — Director's Dealing 2007

May 7, 2007

$8^{th}$ May 2007

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

Change in directors' interests

Please be advised of the following change in directors' interests on 8 May 2007:

Andrew Bonwick

Issue of 300,000 Options under the Energy One Executive & Director Option Plan. Appendix 3Y in connection with this issue is attached.

Ottmar Weiss

Issue of 600,000 Options under the Energy One Executive & Director Option Plan. Appendix 3Y in connection with this issue is attached.

Vaughan Busby

Issue of 2,400,000 Options under the Energy One Executive & Director Option Plan. Appendix 3Y in connection with this issue is attached.

9 / hu e #

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

Oueensland Office Level 2. Waterside East, 10 Holden Place Bundall OLD 4217 PO Box 4953 Gold Coast Mall Centre QLD 9726 ₽ 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 Limited
ABN 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	Andrew Bonwick
Date of last notice	$+15th$ 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	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 May 2007
No. of securities held prior to change	Nil
Class	Director Options
Number acquired	300,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	300,000 Director Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment pian, participation in buv-back	Issued under the Energy One Executive & Director Option Plan. Subject to vesting and performance conditions.

⁺ 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.

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 Limited
IABN 37076583018

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	Ottmar Weiss
Date of last notice	May $2007$

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	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 May 2007
No. of securities held prior to change	Nil
Class	Director Options
Number acquired	600,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	600,000 Director Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment pian, participation in buv-back	Issued under the Energy One Executive & Director Option Plan. Subject to vesting and performance conditions.

⁺ 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.

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 Limited
IABN 37076583018

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	$+15^{\text{th}}$ 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	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 May 2007
No. of securities held prior to change	2,567,623 Ordinary Shares
Class	Director Options
Number acquired	2.400.000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	2,567,623 Ordinary Shares 2,400,000 Director Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment pian, participation in buv-back	Issued under the Energy One Executive $\&$ Director Option Plan. Subject to vesting and performance conditions.

⁺ 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.