FSA GROUP LIMITED — Director's Dealing 2007

Dec 2, 2007

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 FSA GROUP LIMITED

ABN 98 093 855 791

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.

director for the purposes of section 205G	of the Corporations Act.
Name of Director	Stanley Kalinko
Date of last notice	12 July 2007

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 interest.	The Kalinko Superannuation Fund (Director is a beneficiary of the fund)
Date of change	28, 29 & 30 November 2007
No. of securities held prior to change	250,000 (Unlisted) options ($0.98 @ 31/01/10; vesting 28 June 2009)
Class	Ordinary
Number acquired	10,000
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$5,030

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	10,000 FSA Ordinary 250,000 (Unlisted) options ($0.98 @ 31/01/10; vesting 28 June 2009)
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, 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 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

On behalf of the board

D P Cornish

3 December 2007

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2