MPR AUSTRALIA LIMITED — Director's Dealing 2008

Dec 7, 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 Tag Pacific Limited ABN 73 009 485 625

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	Gary Michael Cohen
Date of last notice	15 September 2006

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	Gary Michael Cohen is deemed by virtue of
(including registered holder)	section 608 to have a relevant interest in the
Note: Provide details of the circumstances giving rise to the relevantinterest.	securities registered in the name of Quatro
	Capital Pty Limited and Garsu Holdings Pty
	Limited
Date of change	5 December 2008
No. of securities held prior to change	5,314,198 ordinary shares
Class	Ordinary shares
Number acquired	209,772
Number disposed	Nil
Value/Consideration	$0.19 per share
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	5,523,970 ordinary shares
Nature of change	Acquired pursuant to the Tag Pacific Limited
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Dividend Reinvestment Plan

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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	Nil
Nature of interest	Nil
Name of registered holder(if issued securities)	Nil
Date of change	Nil
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	Nil
Interest acquired	Nil
Interest disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Nil
Interest after change	Nil

• See chapter 19 for defined terms. Appendix 3Y Page 2

11/3/2002