PPK GROUP LIMITED — Director's Dealing 2005

Jan 5, 2005

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 PLASPAK GROUP LIMITED
ABN 65 003 964 181

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	GLENN ROBERT MOLLOY
Date of last notice	4 APRIL 2003

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

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	(1) Securities are held by QualityDispensers Super Fund Pty Limited,a company in which Mr Molloy is adirector and over which he exercisescontrol.(2) Securities are held by SamtylInvestments Pty Limited, a companyin which Mr Molloy is a director andover which he exercises control.
Date of change	4 January 2005
No. of securities held prior to change	7,162,975
Class	Ordinary
Number acquired	$(1)$ 160,000 shares$(2)$ 249,918 shares
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$(1)$ $155,700.00$235,206.00(2)

+ See chapter 19 for defined terms.

No. of securities held after change	7,572,893
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	On-market trade

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash,provide details andestimatedanvaluation
Interest after change

+ See chapter 19 for defined terms.