ENVIRONMENTAL GROUP LIMITED (THE) — Director's Dealing 2011

Oct 31, 2011

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 John Read
Date of last notice	12 November 2010

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)		Cannington Corporation Pty Ltd(ATF The Read Family Trust)Cannington Corporation Pty Ltd(ATF Cannington Superannuation Fund)Suzannah Read_(Daughter of John Read)Harrison Read(Son of John Read)_
Date of change		28 and 31 October 2011
No. of securities held prior to change		Indirect interest2,955,224 Ordinary sharesDirect interest133,333 Executive Share Option Plan options.Exercise price 24 cents, expiring 31 January 2013
Class		Ordinary shares
Number acquired		500,000
Number disposed		Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$25,000.00
No. of securities held after change		Indirect interest3,455,224 Ordinary sharesDirect interest133,333 Executive Share Option Plan options.Exercise price 24 cents, expiring 31 January 2013
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back		On-market trade

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 and anestimated valuation	-
Interest after change	-

• See chapter 19 for defined terms.

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