HELLOWORLD TRAVEL LIMITED — Director's Dealing 2009

May 5, 2009

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: Jetset Travelworld Limited ABN: 60 091 214 998

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	Massimo (John) Borghetti
Date of last notice	12 November 2008

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	Direct and Indirect Interest in Shares in Qantas Airways Limited (ACN 009 661 901), a related body corporate of Jetset Travelworld Limited.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	An indirect interest in shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, registered in the name of Pacific Custodians Pty Limited (ACN 009 682 866) as part of the Qantas Deferred Share Plan – Performance Share Plan.
Date of change	1 May 2009
No. of securities held prior to change	• A direct interest in 70,842 ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change (Cont)	• An indirect interest in 939,000 ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, registered in the name of Pacific Custodians Pty Limited as part of the Qantas Deferred Share Plan – Performance Share Plan. • An indirect interest in 20,000 shares in Jetset Travelworld Limited in the name of Cavallino Corporation Pty Limited (ACN 123 013 936) as Trustee for the Borghetti Family Trust. Mr Borghetti is the sole Director and Company Secretary of and a shareholder in Cavallino Corporation Pty Limited as trustee for the Borghetti Family Trust.
Class	Ordinary
Number acquired	279,525 ordinary shares in Qantas Airways Limited
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not Applicable
No. of securities held after change	• A direct interest in 350,367 ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited. • An indirect interest in 669,000 ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, registered in the name of Pacific Custodians Pty Limited as part of the Qantas Deferred Share Plan – Performance Share Plan.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change (Cont)	• An indirect interest in 20,000 shares in Jetset Travelworld Limited in the name of Cavallino Corporation Pty Limited as Trustee for the Borghetti Family Trust. Mr Borghetti is the sole Director and Company Secretary of and a shareholder in Cavallino Corporation Pty Limited as trustee for the Borghetti Family Trust.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	• 270,000 shares registered in the name of Pacific Custodians Pty Limited under the Qantas Deferred Share Plan – Performance Share Plan removed from holding lock and registered in the name of Mr. Borghetti. • 9,525 Rights granted under the 2005 Qantas Deferred Share Plan – Performance Rights Plan converted to Ordinary Shares on a one-for-one basis and registered in the name of Mr. Borghetti. .

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	Rights granted pursuant to the Terms and Conditions and Rules of the Qantas Deferred Share Plan – Performance Rights Plan. If Rights vest, the Director is entitled to be allocated one ordinary share in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, for each Right.
Nature of interest	Rights vested and converted to ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited.
Name of registered holder (if issued securities)	Not Applicable
Date of change	1 May 2009 – Rights Conversion 4 May 2009 – Rights Forfeiture

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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	232,625 Rights to ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, held under the Qantas Deferred Share Plan, being: •12,000 Rights which may vest from 30 June 2007; •20,625 Rights which may vest from 30 June 2008; •100,000 Rights which may vest from 30 June 2009; and •100,000 Rights which may vest from 30 June 2010.
Interest acquired	Nil
Interest disposed	9,525 Rights granted under the 2005 Performance Rights Plan converted to Ordinary Shares on a one-for-one basis and registered in the name of Mr. Borghetti. 200,000 Rights granted under Qantas Deferred Share Plan – Performance Rights Plan have forfeited.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not Applicable
Interest after change	23,100 Rights to ordinary shares in Qantas Airways Limited, a related body corporate of Jetset Travelworld Limited, held under the Qantas Deferred Share Plan, being: •12,000 Rights which may vest from 30 June 2007; and •11,100 Rights which may vest from 30 June 2008.

• See chapter 19 for defined terms.

Appendix 3Y Page 4

11/3/2002