ENVIRONMENTAL GROUP LIMITED (THE) — Director's Dealing 2006

Jul 10, 2006

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ARN 897X10-354-422 The R. S. Packard Avenue Casas Pill NSW 2154 Australia Rentra (512) 8858 Sally Paceman (61-2) 9899-3485 spany an vironmentel compare and makes and redator as

Delvering impovative environmental solutions

11 July 2006

The Manager Companies Section Australian Stock Exchange Limited

Pages: 3

Dear Sir

Re: Stock Exchange Announcement Appendix 3X - Initial Director's Interest Notice

Please find attached Appendix 3X (Initial Director's Interest Notice) for Mr C M Fullerton in relation to shares held prior to appointment.

Yours faithfully,

$\overline{\phantom{a}}$

BBORG Company Secretary

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 The Environmental Group Limited
BALLARY ART - ALLAN & BALLARY ABN 89 000 013 427

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	Mr Christopher Maxwell Fullerton
Date of appointment	24 November 2005

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

$NIL$

• 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 Number $\&$ class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.
Mandalay Capital Pty Ltd	6,000,000 Ordinary Shares

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to NIL which interest relates

⁺ See chapter 19 for defined terms.