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	Stanley Kalinko
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.	Mr Stanley Simon Kalinko & Mrs Venetia Kalinko (Director is a beneficiary of the fund) Kalinko Pty Ltd (Director is a beneficiary of the fund)
Date of change	31 January 2010
No. of securities held prior to change Mr Stanley Simon Kalinko & Mrs Venetia Kalinko Kalinko Pty Ltd	15,406 FSA (Ordinary) 250,000 (Unlisted) options ($0.98 @ 31/01/10) 250,000 (Unlisted) options( $0.60 @ 31/01/10)
Class	(Unlisted) options ($0.98 @ 31/01/10) (Unlisted) options( $0.60 @ 31/01/10)
Number acquired	Nil

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

Number disposed Kalinko Pty Ltd	250,000 (Unlisted) options ($0.98 @ 31/01/10) 250,000 (Unlisted) options( $0.60 @ 31/01/10)
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation
No. of securities held after change Mr Stanley Simon Kalinko & Mrs Venetia Kalinko	15,406 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	Expiry of options.

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 DP Cornish 1 February 2010

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2