FIRST AU LIMITED — Director's Dealing 2008

Aug 10, 2008

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.

Name of entity: PUBLIC HOLDINGS (AUSTRALIA) LIMITED

ABN 65 000 332 918

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 Yuan-Yi LAO
Date of last notice	6 August 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.

Note: In the case of a company, interests which come withindisclosed in this part.	paragraph (i) of the definition of “notifiable interest of a director” should be
Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.	Mr Yuan-Yi LAO owns certain shares and options inFirst Shanghai Investments Ltd(FSIL), a Companyincorporated in Hong Kong and listed on the Hong KongStock Exchange. FSIL owns all of the issued sharecapital ofAtlas Securities Pty Ltd(ACN 001 147 593).Atlas Securities Pty Ltd owns 73.93% of the issuedcapital ofPublic Holdings (Australia) Limited.

Date of change	8 August 2008
No. of securities held prior to change	165,821,636 FSIL shares11,944,000 FSIL options
Class	ordinary shares
Number acquired	Purchase of 56,000 FSIL shares
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	HK$62,390.22 (average price of HK$1.114)

116433103 \ 0369169 \ SPM01

No. of securities held after change	165,877,636 FSIL shares11,944,000 FSIL options
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	On market trade.

116433103 \ 0369169 \ SPM01

2