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

Sep 10, 2007

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.

Environmental Group Limited
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	Duncan Stone
Date of appointment	06 September 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

(EGL) Nil

Options over EGL Shares

2,500,000 @ 8c vesting 6 September 2007 and expiring on 6 September 2012 2,500,000 @ 8c vesting 6 September 2008 and expiring on 6 September 2013 2,500,000 @ 8c vesting 6 September 2009 and expiring on 6 September 2014

The options will not be listed on any recognised stock exchange.

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.	NIL

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.

N/A

⁺ See chapter 19 for defined terms.