REDIVIUM LIMITED — Director's Dealing 2006

May 29, 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 Hannans Reward Ltd
ABN 52 099 862 129

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	Terrence Ronald Grammer
Date of last notice	3 April 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

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	23 May 2006 and 25 May 2006
No. of securities held prior to change	3,575,000 ordinary shares1,500,000 options exercisable at 20 cents onor before 31 March 2010
Class	Ordinary shares
Number acquired	58,404 on 23 May 200641,596 on 25 May 2006
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$12,415.96

÷ See chapter 19 for defined terms.

No. of securities held after change	3,675,000 ordinary shares
	1,500,000 options exercisable at 20 cents onor before 31 March 2010
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buv-back-	On-market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

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

$\div$ See chapter 19 for defined terms.