MASTERMYNE GROUP LIMITED — Director's Dealing 2010

Dec 29, 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 MASTERMYNE GROUP LIMITED ACN 142 490 579

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 Anthony Salvatore Caruso

Date of last notice 7 May 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	The interest is held by Mr Caruso astrustee for the MAD InvestmentsTrust.
Date of change	24 December 2010
No. of securities held prior to change	a) 1,798,001b) Nil
Class	a) Ordinary fully paid shares (MYE)b) Performance Rights
Number acquired	b) 1,050,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	a) 1,798,001b) 1,050,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change	Issued under the Company’s
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Employee Performance Rights Plan
	as detailed in the Notice of Annual
	General Meeting and approved by
	shareholders on 23 November 2010

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.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issued under the Company’sEmployee Performance Rights Plan	Issued under the Company’sEmployee Performance Rights Plan	Issued under the Company’sEmployee Performance Rights Plan	Issued under the Company’sEmployee Performance Rights Plan
			as detailed in theGeneral Meeting ashareholders on 2		otice of Annualnd approved byNovember 2010
Part 2 – Change oNote: In the case of a company, inn this part.	f director’s inteterests which come within p	rests in coaragraph (ii) of th	ntractse definition of “notif	iable interest of a	director” should be	disclosed
Detail of contract			NOT APPL	ICABLE
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class owhich interest rechangeNote: Details are only requiredto which the interest has change	f securities tolated prior to
	for a contract in relationd
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Bill Lyne Company Secretary 30 December 2010

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002