PPK GROUP LIMITED — Director's Dealing 2006

Dec 17, 2006

Appendix 3Y

Rule 3.19A.2

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 PPK 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	24 October 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

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Securities disclosed in this notice were acquired by Wavet Fund No 2 Pty Limited, a company in which Mr Molloy is a director and member and over which he exercises control.
	The securities held and/or controlled by the director after this notice, and the nature of the indirect interest of these holdings, are detailed in the attached schedule.
Date of change	15 December 2006
No. of securities held prior to change	8,310,000
Class	Ordinary
Number acquired	$125,000$ shares
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$93,750.00

⁺ See chapter 19 for defined terms.

No. of securities held after change	8,435,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan. participation in buy-back	Off 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 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

⁺ See chapter 19 for defined terms.

PPK Group Limited shares held/controlled by G R Molloy as at 24 October 2006	Number Æł Shares	Nature of Interest (all indirect)
Heather Ellen Kennedy & Glenn Robert Molloy	250,000	Trustee
as trustees for S.A.Molloy
Heather Ellen Kennedy & Glenn Robert Molloy	255,000	Trustee
as trustees for T.M. Molloy
Glenn Robert Molloy as trustee for S.Molloy	5,000	Trustee
Corso Investments Pty Limited	7,000,000	Director & Member
Wavet Fund No.2 Pty Limited	925,000	Director & Member
	8,435,000

$\overline{\text{+ See chapter 19 for defined terms.}}$