HELIX RESOURCES LIMITED — Director's Dealing 2005

Nov 27, 2005

Appendix 3Y

Rule 3.19A.2

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	HELIX RESOURCES LIMITED
JABN	27 009 138 738

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	Riccardo E M Vittino
Date of last notice	19 May 2005

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.	R Vittino & J Vittino $\leq$ The R & J ٠ Account $\triangleright$ of which R Vittino is a Trustee and Beneficiary
Date of change	24 th November 2005
No. of securities held prior to change	578,750 Fully Paid Ordinary Shares 496,467 Listed Options 810,000 Unlisted Options
Class	Fully Paid Shares Listed Options
Number acquired	319,687 Fully Paid Shares 319.687 Listed Options (31/03/07)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$31,968.70
No. of securities held after change	898,437 Fully Paid Ordinary Shares 319,687 Listed Options (31/03/07) 496,467 Listed Options (30/11/05) 810,000 Unlisted Options

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Pro-rata Rights Issue
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------	-----------------------

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	R Vittino $\&$ J Vittino $\leq$ ATF The ٠ Gargoyle superfund Account> of which R Vittino is a Trustee and Beneficiary
Date of change	24 th November 2005
No. of securities held prior to change	321,250 Fully Paid Ordinary Shares 117,804 Listed Options 90,000 Unlisted Options
Class	Fully Paid Shares
Number acquired	80,313 Fully Paid Shares 80,313 Listed Options (31/03/07)
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$8,031.30
No. of securities held after change	321,250 Fully Paid Ordinary Shares ۰ 117,804 Listed Options (30/11/05) 80,313 Listed Options (31/03/07) 90,000 Unlisted Options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Pro-rata Rights Issue

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 "notiliable 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

$+$ See chapter 19 for defined terms.

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$\overline{\text{+ See chapter 19 for defined terms.}}$