PPK GROUP LIMITED — Director's Dealing 2006

Oct 23, 2006

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 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	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

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Securities disclosed in this noticewere:(A) disposed of Quality DispensersSuper Fund Pty Limited, acompany in which Mr Molloy is adirector and over which heexercises control; and,(B) acquired by Corso InvestmentsPty Limited and Wavet Fund No 2Pty Limited, companies in whichMr Molloy is a director andmember and over which heexercises control.
	The securities held and/or controlledby the director after this notice, andthe nature of the indirect interest ofthese holdings, are detailed in theattached schedule.
Date of change	23 October 2006

+ See chapter 19 for defined terms.

No. of securities held prior to change	8,170,491
Class	Ordinary
Number acquired	337,099 shares
Number disposed	197,590 shares
Value/Consideration	Acquisition:	$256,195.00
Note: If consideration is non-cash, provide detailsand estimated valuation	Disposal:	$150,442.00
No. of securities held after change	8,310,000
Nature of change	On market trade
Example: on-market trade, off-market trade, exercise
of options, issue of securities under dividendreinvestment plan, participation in buy-back

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 isnon-cash.provide details andestimatedanvaluation
Interest after change

+ See chapter 19 for defined terms.

PPK Group Limited shares held/controlled byG R Molloy as at 24 October 2006	NumbermłShares	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 Holdings Super Fund No.2 Pty Limited	800,000	Director & Member
	8,310,000

+ See chapter 19 for defined terms.