NORWOOD SYSTEMS LIMITED — Director's Dealing 2011

Mar 3, 2011

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 30/09/01 Amended 01/01/11

Name of entity	MONTERAY MINING GROUP LIMITED
ACN	062 959 540

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	JOHN ANDREW HANNAFORD
Date of last notice	23 December 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	John Andrew Hannaford
Date of change	2/3/11
No. of securities held prior to change	12,663 (post consolidation)
Class	FPO
Number acquired	10,000
Number disposed	‐
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$2,000
No. of securities held after change	22,663

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Shares acquired pursuant to Prospectus
Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	A. Emma Kate Hannaford (spouse) B. Jaek Holdings Pty Ltd ATF the Hannaford Family Trust (interest arises through shareholding and directorship, and as beneficiary of trust) C. Riverview Corporation Pty Ltd (interest arises through shareholding and directorship) D. John & Emma Hannaford Superannuation Pty Ltd ATF the Hannaford Super Fund (interest arises through directorship and beneficiaryof super fund)
Date of change	17/2/11
No. of securities held prior to change	A. Nil B. Nil C. Nil D. Nil
Class	A. FPO B. FPO; Options exercisable at $0.25 C. FPO D. FPO
Number acquired	A. 10,000 B. 2,007,500 FPO, 1,000,000 options C. 125,000 D. 250,000
Number disposed	‐
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	A. $2,000 B. 7,500 shares issued for cash; 2,000,000 shares issued in lieu of sale of Shares in Aberystwyth Nominees Pty Ltd, pursuant to share purchase agreement C. $25,000 D. $50,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	A. 10,000 B. 2,007,500 FPO; 1,000,000 options C. 125,000 D. 250,000
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	A, C, & D: Shares acquired pursuant to Prospectus B: 7,500 shares issued pursuant to prospectus; 2,000,000 shares issued pursuant to completion of the acquisition of Aberystwyth Nominees PtyLtd byMonterayMiningGroup

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

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01/01/2011