PPK GROUP LIMITED — Major Shareholding Notification 2008

Mar 31, 2008

25-27 WARATAH STREET KIRRAWEE NSW 2232 PO BOX 3006, KIRRAWEE DELIVERY CENTRE NSW 2232 TEL: 61 (2) 9521 8444 = FAX: 61 (2) 9521 4561

1 April 2008

Company Announcements Office Australian Securities Exchange Limited

For Release to the Market

Notice of Change of Interest of Substantial Holder (Form 604) Frigrite Limited (ASX Code: FRR)

PPK confirms a change of interest in FRR in accordance with the attached notice.

Robert Nicholls Company Secretary

Contact regarding Announcement:

Mr David Hoff, Managing Director on (02) 9521-8444

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	FRIGRITE LIMITED
ACN/ARSN	112 452 436

1. Details of substantial holder(1)

Name		PPK INVESTMENT HOLDINGS PTY LTD
ACN/ARSN (if applicable)	057 988 951
There was a change in the interests of thesubstantial holder on		0831/3
The previous notice was given to the company onThe previous notice was dated		071121112,07

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power [5]	Person's votes	Voting power (5)
ORD SHARES	6,338,586	12.35%	$6,916,086$ 13.47 **

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	See Annexure "A"

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes지도한 대학 최고 생각 때문에 대한 경우 사
	"B"See Annexure

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not Applicable

6. Addresses

The addresses of persons named in this form are as follows:

Vame	andress
PPK INVESTMENT HOLDINGS	25-27 Waratah Street Kirrawee NSW 2232
PTY LTD

Signature

print name ROBERT NICHOLLS	capacity SECRETARY
sign here	1/4/08date

DIRECTIONS

• $(1)$ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $[6]$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become $(7)$ entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown". $\langle 5 \rangle$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. 冏

This is the Annexure marked "A" of 2 pages referred to in the Notice of Change of Interests of Substantial Holder (Form 604) by PPK Investment Holdings Pty Ltd dated 1 April 2008.

Change in Relevant Interests $3.$

Date ofChange	Personwhoserelevantinterestchanged	Nature ofChange	Considerationgiven inrelation tochange	Class andnumber ofsecuritiesaffected	Person'svotesaffected
4.12.07	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$28,932.27	54,079 Ord	$0.11%$
6.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$5,022.00	16,200 Ord	0.03%
7.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$20,925.00	67,500 Ord	0.13%
10.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$34,100.00	110,000 Ord	0.21%
11.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$7,707.50	25,000 Ord	0.05%
12.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$33,797.86	109,591 Ord	0.21%
13.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$2,916.79	9,409 Ord	0.02%
18.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$5,536.40	18,591 Ord	0.04%
20.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$7,625.00	25,000 Ord	0.05%

25.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$16,165.00	53,000 Ord	0.10%
27.3.08	PPKInvestmentHoldingsPty Ltd	Purchase ofShares (OnMarket)	$26,992.50	88,500 Ord	0.17%

Signature

Print Name: Robert Nicholls

$\mathrm{Sign}$ here:

Capacity: Secretary

Date: 1 April 2008

End of Annexure "A"

This is the Annexure marked "B" of 1 page referred to in the Notice of Change of Interests of Substantial Holder (Form 604) by PPK Investments Pty Ltd dated 1 April 2008.

Present Relevant Interests 4.

Holder ofRelevantInterest	RegisteredHolder ofSecurities	PersonEntitled tobeRegisteredHolder	Nature ofRelevantInterest	Class andnumber ofsecuritiesaffected	PersonsVotes
PPKInvestmentHoldingsPty Ltd	PPKInvestmentHoldingsPty Ltd	PPKInvestmentHoldingsPty Ltd	Legal &BeneficialOwner	6,916,086	6,916,086

Signature

Print Name: Robert Nicholls

Sign here:

Capacity: Secretary

Date: 1 April 2008

End of Annexure "B"