IGO LIMITED — Director's Dealing 2008

Jul 31, 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	Rodney Marston
Date of last notice	1 August 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) Nattai Pty Ltd (family trust) Marston Family Superannuation Fund	Nil Nil unlisted $1.33 options 400,000 Nil ordinary shares 945,000 ordinary shares 340,000 ordinary shares
Date of change	1 August 2008
No. of securities held prior to change	400,000 1,280,000 ordinary shares
Class	ordinary shares and unlisted options
Number acquired	Nil 5,000 ordinary shares
Number disposed	Nil Nil ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$Nil $14,200

• 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	400,000 1,285,000 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	On-market trade

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

1 August 2008 _____ _______ C M Bonwick Date Managing Director

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002