EVZ LIMITED — Major Shareholding Notification 2009

Jul 9, 2009

TIGA TRADING PTY LTD

ABN 95 118 961 210

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +613 9921 7111 Facsimile +613 9921 7100

10 July 2009

BY ASX ONLINE - 4 pages

Manager Company Announcements Australian Stock Exchange Limited Level 10 20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Notice of initial of substantial shareholder Envirozel Limited [ASX:EVZ]

Following is a Form 603 Notice of initial substantial holder dated 10 July 2009 in accordance with section 671B of the Corporations Act 2001 (the Act).

I confirm that the original Form 603 has been served on Envirozel Limited by express post today pursuant to section 671B(1)(a) of the Act.

Yours sincerely,

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AVEE WAISLITZ Secretary

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/scheme ENVIROZEL LIMITED ACN/ARSN ABN 87 010 550 357

1. Details of substantial holder

Name TIGA TRADING PTY LTD ACN 118 961 210 and each of its related bodies corporate listed in this Notice and in the attached Schedule “A” to this Notice (hereinafter collectively referred to as “TIGA”).

ACN (if applicable) As above

The holder became a substantial holder on

30/06/09

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Fully paid ordinaryshares	16,141,258	16,141,258	7.78%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
TIGA	Beneficialownerof voting shares	16,141,258fully paid ordinary shares
Thorney Investment Group AustraliaPtyLtd	By virtue of section 608 of the Corporations Act 2001	16,141,258 fully paid ordinary shares
JamahjoPtyLtd		16,141,258fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be **registered as holder **	Class and number of securities
TIGA	ANZ NomineesLtd	n/a	16,141,258fully paid ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Cash consideration	Class and number of securities
TIGA	To 30-Jun-09	On market purchases and sales	16,141,258 ordinary shares

10/07/2009 Form 603 Page 2

Notice of initial substantial holder

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name Nature of association Thorney Investment Group Australia Pty Ltd Thorney Investment Group Australia Pty Ltd is the registered holder of all the ACN 117 488 892 issued shares in TIGA Trading Pty Ltd Jamahjo Pty Ltd Jamahjo Pty Ltd is the registered holder of all the issued shares in Thorney ACN 117 488 696 Investment Group Australia Pty Ltd

7. Addresses

The addresses of persons named in this form are as follows:

Name Address TIGA Trading Pty Ltd Level 39, 55 Collins Street, Melbourne 3000 Thorney Investment Group Australia Pty Ltd Level 39, 55 Collins Street, Melbourne 3000 C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, Jamahjo Pty Ltd 3141 Signature Print name AVEE WAISLITZ Capacity SECRETARY Sign here Date 10/07/2009

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Notice of initial substantial holder

THIS IS THE SCHEDULE REFERRED TO IN THE FORM 603 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL SHAREHOLDER SIGNED BY ME AND DATED 10 JULY 2009.

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......................................... AVEE WAISLITZ Secretary TIGA TRADING PTY LTD

SCHEDULE ‘A’

RELATED BODIES CORPORATE OF TIGA TRADING PTY LTD

Thistle Custodians Pty Ltd 078 027 193, Level 11, 2 Southbank Boulevard, Southbank 3006 Thorney Holdings Pty Ltd, ACN 006 262 835, Level 39, 55 Collins Street, Melbourne 3000 Thorney International Pty Ltd, ACN 132 886 698, Level 39, 55 Collins Street, Melbourne 3000 TIGA Property Pty Ltd, ACN 117 811 453, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Ballarat) Pty Ltd, ACN 117 812 030, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Doncaster East) Pty Ltd, ACN 118 521 412, Level 39, 55 Collins Street, Melbourne 3000 TIGA (Hawthorn) Pty Ltd, ACN 126 952 663, Level 39, 55 Collins Street, Melbourne 3000

10/07/2009 Form 603 Page 4