SEAFARMS GROUP LIMITED — Director's Dealing 2007

Dec 4, 2007

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CO2 Group Limited ABN 50 009 317 846 Level 11 225 St Georges Terrace Perth Western Australia 6000 PO Box 7312 Cloisters Square Perth Western Australia 6850 Phone (08) 9321 4111 Facsimile: (08) 9321 4411 www.co2australia.com.au

Our Ref: CO2 ASX Announce Appendix 3Y AWTG 05-12-07 (204)

ANNOUNCEMENT NUMBER 204

5 December 2007

Company Announcements Office Australian Stock Exchange 10[th] Floor 20 Bond Street SYDNEY NSW 2000 Dear Sir

By: ASX Online Number of pages: 4 (including this page)

Change in Director’s Interests – Andrew Grant

Following is Change of Director’s Interests Notice for Andrew Grant.

Yours faithfully

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Harley Whitcombe Company Secretary

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Appendix 3Y Change of Director’s Interest Notice

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 CO2 GROUP LIMITED ABN 50 009 317 846

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	Andrew William Thorold GRANT
Date of last notice	9 August 2007

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.

Change Number 1

Change Number 1
Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/a
Date of change	5 December 2007
No. of securities held prior to change	4,383,718
Class	Listed Options
Number acquired	‐
Number disposed	246,428
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50,000
No. of securities held after change	4,137,290
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 transactions

• See chapter 19 for defined terms.

Appendix 3Y

Appendix 3Y Change of Director’s Interest Notice

Change Number 2

Change Number 2
Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/a
Date of change	5 December 2007
No. of securities held prior to change	Nil
Class	Unlisted Options
Number acquired	6,000,000
Number disposed	‐
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	nil
No. of securities held after change	6,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issued per Resolution of Shareholders 8 November 2007

Change Number 3

Change Number 3
Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: 1.A&L Grant Superannuation Fund 2.Andrew Grant ATF The Grant Super Fund Nature of Interest of Director:As beneficiaryof the Superannuation Fund
Date of change	n/a
No. of securities held prior to change	1. 67,816 2. 842,120
Class	Options
Number acquired	1. 246,428 2. nil
Number disposed	‐
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $50,000 2. nil
No. of securities held after change	1. 314,244 2. 842,120

• See chapter 19 for defined terms.

Appendix 3Y

Appendix 3Y

Change of Director’s Interest Notice Nature of change Off market transactions Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

be disclosed in thispart.
Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
**Interest after change **	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y