ENERGY ONE LIMITED — Director's Dealing 2007

Apr 30, 2007

1 May 2007

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

Initial Director's Interest Notice - Appendix 3X

In accordance with ASX Listing Rule 3.19A, the initial directors interest notice (Appendix 3X) in respect of Ottmar Weiss is attached.

4 Muet

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 Mail Centre OLD 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.1

Appendix 3X

Initial 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
ABN	37 076 583 018

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	OTTMAR WEISS
Date of appointment	23/04/2007

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities
Ordinary Shares	NIL.

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving rise to the relevant interest.

Part 3 – 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)
No. and class of securities to which interest relates

⁺ See chapter 19 for defined terms.