ENVIRONMENTAL GROUP LIMITED (THE) — Director's Dealing 2007

Nov 8, 2007

Appendix 3Y Change of Director’s Interest Notice

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: The Environmental Group Ltd

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	Mr Christopher Fullerton
Date of last notice	28 September 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	(i) Indirect (ii) Direct (non-beneficial holding)
Nature of indirect interest (including registered holder)	Mandalay Capital (Calendonia Investments A/C ABN 98 844 133 250)
Date of change	2 November 2007
No. of securities held prior to change	(i) 11,101,850 (ii) Nil
Class	Ordinary Shares
Number acquired	(i) Nil (ii) 30,000
Number disposed	(i) - (ii) -
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.071 cents per share
No. of securities held after change	(i) 11,101,850 (ii) 30,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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	Options issued pursuant to the Rights issue exercisable at 8 cents on or before 21 March 2008
Nature of interest	Option contract
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	1,009,259
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	1,009,259

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002