IGO LIMITED — Director's Dealing 2008

Nov 18, 2008

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 Independence Group NL ABN 46 092 786 304

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	Christopher Bonwick
Date of last notice	30 October 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 Indirect
Nature of indirect interest (including registered holder) Virtual Genius Pty Ltd (relevant interest under s608(1)(b) of the Corporations Act 2001) As Trustee for the Bonwick Super Fund A/c	872,858 - ordinary shares 500,000 - unlisted $4.44 options - 2,000,000 ordinary shares 630,648 - ordinary shares
Date of change	11 November 2008
No. of securities held prior to change	500,000 $4.44 unlisted options and 3,503,506 ordinary shares.
Class	ordinary shares
Number acquired	- 300,000 ordinary shares
Number disposed	300,000 - ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$480,000 ($480,000) net proceeds nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	500,000 $4.44 unlisted options and 3,503,506 ordinary shares.
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 transfer of shares into superannuation fund. No change in number of shares held by director.

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	n/a
Nature of interest	n/a
Name of registered holder (if issued securities)	n/a
Date of change	n/a
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	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

19[th] November 2008 _____ _______ C M Bonwick Date Managing Director

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002