FSA GROUP LIMITED — Director's Dealing 2010

Jan 31, 2010

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.

Name of Director	Tim Odillo Maher
Date of last notice	6 November 2009

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.	Mazamand Group Pty Ltd – Director owns >20% of company Capital Management Corporation Pty Limited – Director owns > 20% of company
Date of change	29 January 2010
No. of securities prior to change Mazamand Group Pty Ltd Capital Management Corporation Pty Limited Total	16,809,231 FSA (Ordinary) 24,000,000 FSA (Ordinary) 16 Convertible Redeemable Preference Shares (CRPS) 40,809,231 FSA (Ordinary) 16 CRPS

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares
Number acquired Capital Management Corporation Pty Limited	8,000,000 FSA (Ordinary)
Number disposed (converted) Capital Management Corporation Pty Limited	16 CRPS: � 8 CRPS converted (into 8.0m ordinary shares) � 8 CRPS redeemed
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	See below
No. of securities held after change Mazamand Group Pty Ltd Capital Management Corporation Pty Limited Total	16,809,231 FSA (Ordinary) 32,000,000 FSA (Ordinary) 48,809,231 FSA (Ordinary)
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Conversion of eight Convertible Redeemable Preference Shares (“CRPS”) into 8,000,000 Ordinary Shares. The eight CRPS were converted pursuant to a Share Purchase Agreement signed on 21 April 2006 to acquire 180 Group; and 180 Group exceeding the cumulative 2008 (FY08) profit target. Eight CRPS have been redeemed due to the 2009 (FY09) and cumulative FY09 profit target not being achieved.

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

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

DP Cornish Company Secretary 1 February 2010

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 3