SEAFARMS GROUP LIMITED — Director's Dealing 2007

Aug 13, 2007

™ 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 14-08-07 (185)

ANNOUNCEMENT NUMBER 185

14 August 2007

Company Announcements Office Australian Stock Exchange 10th Floor By: ASX Online 20 Bond Street Number of pages: 3 SYDNEY NSW 2000 (including this page)

Dear Sir

Change in Director's Interests – Andrew Grant

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

Yours faithfully

Harley Whitcombe Company Secretary

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.

	Andrew William Thorold GRANT
Name of Director
Date of last notice	18 June 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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/a
Date of change	9 August 2007
No. of securities held prior to change	4,421,002
Class	Options
Number acquired	-
Number disposed	38,460
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$10,000
No. of securities held after change	4,382,542
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off market transactions

+ See chapter 19 for defined terms.

Change Number 2

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Name of Holder: 1. A&L Grant SuperannuationFund2. Andrew Grant ATF TheGrant Super FundNature of Interest of Director: As beneficiary ofthe Superannuation Fund
Date of change	n/a
No. of securities held prior to change	1.68,9922. 842,120
Class	Options
Number acquired	-
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	-
No. of securities held after change	1. 68,9922. 842,120
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities 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.
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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	Not applicable
Interest after change	Not applicable

• See chapter 19 for defined terms.