FFI HOLDINGS LIMITED — Director's Dealing 2005

May 31, 2005

Appendix 3Y

Rule 3.19A.2

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	F.F.I. HOLDINGS LTD
ABN	32 009 155 328

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	RODNEY G. MOONEN
Date of last notice	$1st$ JUNE 2005

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 inferest	PEARLWOOD HOLDINGS PTY LTD - A COMPANY ASSOCIATED WITH RODNEY G. MOONEN
Date of change	26 th MAY 2005
No. of securities held prior to change	1,195,098
Class	FULLY PAID ORDINARY SHARES
Number acquired	1,650
Number disposed	NIE
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$3.00 PER SHARE
No. of securities held after change	1,196,748

⁺ See chapter 19 for defined terms.

Nature of change	SHARES ISSUED PURSUANT TO THE
Example: on-market trade, off-market trade, exercise of options, issue of	TERMS AND CONDITIONS OF THE
securities under dividend reinvestment plan, participation in buy-back	COMPANY'S SHARE PURCHASE PLAN.

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	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.