GLOBE INTERNATIONAL LIMITED — Director's Dealing 2007

Sep 25, 2007

Attention: Company Announcements Australian Stock Exchange Ltd

26 September 2007

APPENDIX 3Y- CHANGE IN DIRECTORS INTERESTS

Attached is an Appendix 3 Y form for Globe International Limited (ASX Code : GLB).

$\sim 10$

This relates to an "off market" transfer of shares from Peter John Hill to the CEO, Matthew Patrick Hill on Wednesday, 26 September 2007.

Details of the transaction are contained in the attachments.

For further information please contact:

Gerhard Correa Company Secretary Phone (03) 8534 9982

Globe International Limited 42 Barkly St. St Kilda VIC 3182 Australia. Tel: 61 3 8534 9982 Fax: 61 3 8534 9954 A C N 007 066 033

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 GLOBE INTERNATIONAL LIMITED
ABN	65 007 066 033

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	PETER JOHN HILL
Date of last notice	26 June 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	Change in Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Smersh Pty Ltd - P. Hill Trust Co Peter Hill is a 50% shareholder and director of Smersh Pty Ltd.
Date of change	26 September 2007
No. of securities held prior to change	Direct: 75,000 Indirect: 12,056,281
Class	Ordinary
Number acquired	Nil
Number disposed	250,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$287,500
No. of securities held after change	75,000 Direct: Indirect: 11,806,281
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market trade: 250,000 shares sold for \$287,500

⁺ See chapter 19 for defined terms.

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	NOT APPLICABLE
Nature of interest	NOT APPLICABLE
Name of registered holder (if issued securities)	NOT APPLICABLE
Date of change	NOT APPLICABLE
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	NOT APPLICABLE
Interest acquired	NOT APPLICABLE
Interest disposed	NOT APPLICABLE
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NOT APPLICABLE
Interest after change	NOT APPLICABLE

⁺ See chapter 19 for defined terms.