ENVIRONMENTAL GROUP LIMITED (THE) — Director's Dealing 2003

Jan 28, 2003

Appendix 3Y

Rule 3.19.4.2

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.

The Environmental Group Limited (EGL)
ABN - 89 000 013 427

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	Dr. Julian Higgs
Date of last notice	27 August 2002

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

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	24 December 2002
No. of securities held prior to change	1,122,940
Class	EGL Ordinary
Number acquired	346,352
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Part of sale of business agreement - shares issued at average price of \$0.1263cents
No. of securities held after change	1,469,292
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Share issue being part of sales of business agreement.

⁺ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Detail of contract	Nil
Nature of interest	NIL
Name of registered holder (if issued securities)
Date of change	NIL
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	NIL.
Interest disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.