IGO LIMITED — Director's Dealing 2010

Oct 7, 2010

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	Kelly Ross
Date of last notice	1 June 2010

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)
	325,000	nil ordinary shares
George Dickson Ross (spouse)		20,000 ordinary shares
Date of change	7 October 2010
No. of securities held prior to change	325,000	20,000 ordinary shares
	250,000	nil unlisted $4.44 options
Class	ordinary shares
Number acquired	Nil	nil
Number disposed	250,000	nil unlisted $4.44 options
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$460,000	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	325,000 20,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of securitiesunder dividend reinvestment plan, participation in buy-back	Off-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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	n/a
Interest after change	n/a

8 October 2010 ___________________________ _______________ C M Bonwick Date Managing Director

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002