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

Sep 27, 2007

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 Environmental 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. John Read
Date of last notice	25 September 2006

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Cannington Corportation Pty Limited (ATF) The Read Family Trust) Cannington Corportation Pty Limited (ATF Cannington Superannuation Fund) Suzannah Read (Daughter of J Read) Harrison Read (Son of John Read)
Date of change	21 September 2007
No. of securities held prior to change	2,925,014
Class	Ordinary Shares
Number acquired	2,435,872
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$0.06 with Cents share total per consideration of \$146,152.32
No. of securities held after change	5,360,886

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$+$ See chapter 19 for defined terms.

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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Rights issue.
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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 sub-underwriting the Rights issue exercisable at 8 cents on or before 21 March 2008. (Options)
Nature of interest	Option contract
Name of registered holder (if issued securities)	N/A
Date of change	21 September 2007
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	N/A
Interest acquired	487,174
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	1 Option for every five shares issued pursuant to sub- underwriting the Rights issue.
Interest after change	487,174

⁺ See chapter 19 for defined terms.