SEAFARMS GROUP LIMITED — Director's Dealing 2007

Mar 29, 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 INT, JM, HRW 30-03-07 (158)

30 March 2007

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

ANNOUNCEMENT 158

By ASX Online Number of pages: 7 (including this page)

Dear Sir

Change of Directors Interest Notices Exercise Of Convertible Preference Shares

Following are change in director's interests subsequent to the exercise of Convertible Preference Shares by the executive directors of the Company.

For further information regarding this media release please contact Mr Harley Whitcombe on (08) 9321 4111.

Yours faithfully

Aun Litian Le.

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.

Name of Director	-lan Norman Trahar
Date of last notice	31 October 2002

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
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: Gabor Holdings Pty LtdNature of Interest of Director: DirectShareholding
Date of change	30 March 2007
No. of securities held prior to change	63,682,204
Class	Ordinary Shares
Number acquired	15,386,983
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	1,000,000.00
No. of securities held after change	79,069,187
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in bay-back	Exercise Convertible Pref Shares

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 andestimatedan -valuation	Not applicable
Interest after change	Not applicable

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	Harley Ronald Whitcombe
Date of last notice	26 March 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
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. City Lane Pty Ltd as trusteeof the Whitcombe Family Trust) and 2. City LanePty Ltd as trustee of the Harley RonaldWhitcombe Superannuation Fund)Nature of Interest of Director: As beneficiary ofthe Family Trust and Superannuation Fund
Date of change	30 March 2007
No. of securities held prior to change	1.2,604,6702. 1,007,400
Class	Ordinary Shares
Number acquired	1.555,556
Number disposed	NilĬ.Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Ĭ.$36,105.58$2_{-}$Nil
No. of securities held after change	3,160,226L.1,007,4002.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in bay-back	Exercise Convertible Pref SharesĬ.

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 andestimatedan -valuation	Not applicable
Interest after change	Not applicable

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	James McAuliffe
Date of last notice	26 October 2001

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
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: Lopez Enterprises Pty Ltd astrustee of the McAuliffe Super FundNature of Interest of Director: As beneficiary ofthe Superannuation Fund
Date of change	30 March 2007
No. of securities held prior to change	1,666,668
Class	Ordinary Shares
Number acquired	1,666,668
Number disposed
Value/ConsiderationNote: Il consideration is non-cash, provide details and estimated valuation	$108,316.75
No. of securities held after change	3,333,336
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in bay-back	Exercise Convertible Pref Shares

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,estimatedprovide details and anvaluation	Not applicable
Interest after change	Not applicable