PPK GROUP LIMITED — Share Issue/Capital Change 2008

May 7, 2008

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

8 May 2008

Company Announcements Office Australian Securities Exchange Limited

For Release to the Market

Change to company details (Form 484) Cancellation of Shares

Please find enclosed for lodgement a copy of Form 484 (Change in company details) submitted to ASIC today.

Robert Nicholls Company Secretary

Contact regarding Announcement:

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

Electronic Lodgement

Document No. 7E1601468

Lodgement date/time: 08-05-2008 10:31:21 Reference Id: 76665077

Form 484 Corporations Act 2001

Change to company details

Company details

Company name PPK GROUP LIMITED Australian Company Number (ACN) 003 964 181

Lodgement details

Who should ASIC contact if there is a query about this form?

Name Robert John NICHOLLS

Signature

This form must be signed by a current officeholder of the company.

I certify that the information in this form is true and complete Name Robert John NICHOLLS Capacity

Secretary Signature

Date signed 08-05-2008

C1 Cancellation of shares

Reason for cancellation

Shares cancellation details

Reason for cancellation

ss.257H(3) Share buyback - Other buy-back type. A form 280 or 281 must be lodged at least 14 days, and no more than 1 year before the share buy-back can take place

The cancelled shares are listed below:

Share class code	Number of sharescancelled	Amount paid (cashor otherwise)
ORD	112525	87769.50
Earliest Date of	07-05-2008

cancellation

C3 Change to share structure

The updated details for this changed share class are shown in the table below.

Share classcode	Full title if not standard Total number of	shares	Total amount paid onthese shares	Total amount unpaidon these shares
ORD	ORDINARY SHARES	59645321	32325539.12	0.00

Earliest date of 07-05-2008 change