SEAFARMS GROUP LIMITED — Director's Dealing 2007

Jun 18, 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 19-06-07 (175)

ANNOUNCEMENT NUMBER 175

19 June 2007

Company Announcements Office Australian Stock Exchange $10^{th}$ Floor 20 Bond Street SYDNEY NSW 2000

By: ASX Online Number of pages: 3 (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

Alen Leternahe.

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
l Name of Director
l Date of last notice	1 December 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.

Change Number 1

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide defails of the circumstances giving rise to the relevantinterest.	N/a
Date of change	18 June 2007
No. of securities held prior to change	4,540,955
Class	Options
Number acquired
Number disposed	60,0001.59.953
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	1.$15,000$17,9862.
No. of securities held after change	4,421,002
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in bay-back	Off market transactionsŤ.On and Off market transactions$2_{-}$

+ See chapter 19 for defined terms.

Change Number 2

Direct or indirect interest	Indirect
Nature of indirect interest	Name of Holder: 1. A&L Grant Superannuation
(including registered holder)	Fund
Note: Provide details of the circumstances giving rise to the relevantinterest.	2. Andrew Grant ATF The
	Grant Super Fund
	Nature of Interest of Director: As beneficiary of
	the Superannuation Fund
Date of change	1 December 2006
No. of securities held prior to change	1. 8,992
	2. 842,120
Class	Options
Number acquired	1.60,000
	2 Nil
Number disposed
Value/Consideration	2. $15,000
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	1.68,992
	2.842.120
Nature of change	Off market transaction
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in bay-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.

свэстоэса нь нам рант.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