ENVIRONMENTAL GROUP LIMITED (THE) — Director's Dealing 2008

Apr 2, 2008

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	1 February 2008

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)		Mandalay Capital (Calendonia InvestmentsA/C ABN 98 844 133 250)
Date of change		2 April 2008
No. of securities held prior to change		Indirect interest11,101,850 Ordinary shares1,009,259 Right issue options. Exercise price8 cents, expiring 21 March 2008Direct interest30,000 Ordinary shares (non-beneficialholding)400,000 Executive Share Option Planoptions. Exercise price 8 cents, expiring 31January2013
Class		Rights issue options
Number acquired		N/A
Number disposed		1,009,259

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Nil
No. of securities held after change		Indirect interest11,101,850 Ordinary sharesDirect interest30,000 Ordinary shares (non-beneficialholding)400,000 Executive Share Option Planoptions. Exercise price 8 cents, expiring 31January2013
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Expiry of Rights issue options.

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	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	-
Interest after change	-

• See chapter 19 for defined terms.

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11/3/2002