SEAFARMS GROUP LIMITED — Director's Dealing 2008

Nov 23, 2008

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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 HRW 24-11-08 (245)

ANNOUNCEMENT NUMBER 245

24 November 2008

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 – Harley Whitcombe

Following is Change of Director’s Interests Notice for Harley Whitcombe.

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.

	the entity) give ASX the following infortor for the purposes of section 205G of t		mation under listing rule 3.19A.2 and as agent for thehe Corporations Act.
Name of Director			Harley Ronald Whitcombe
Date of last notice		23 May 2008

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

	In the case of a company, interests which come within paragraph (i) of theed in this part.	In the case of a company, interests which come within paragraph (i) of theed in this part.	definition of “notifiable interest of a director” should be	definition of “notifiable interest of a director” should be
	nge Number 1
Dir	ect or indirect interest		Indirect
Nat(incNoteinter	ure of indirect interest		**Name of Holder:**1. City Lane Pty Ltd as trustee
	luding registered holder): Provide details of the circumstances giving rise to the relevantest		of the Whitcombe Family Trust and 2. City LanePty Ltd as trustee of the Harley Ronald
	.		Whitcombe Superannuation Fund**Nature of Interest of Director:**As beneficiary ofhFmilTrtndSrnntin Fnd
			e ay us a upeauao u
Dat	e of change		24 November 2008
No.	of securities held prior to change		1. 6,553,000
			2. 1,061,677
Cla	ss		Ordinary Shares
Nu	mber acquired		1. 47,000
			2. 38,323
Nu	mber disposed		1. 0
			2. 0
ValNote	ue/Consideration: If consideration is non-cash, provide details and estimated valuation		1. $9,902.952. $8,265.06
No. of securities held after change		1. 6,600,0002. 1,100,000
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		1. On market purchases2. On market purchases

• See chapter 19 for defined terms.

Appendix 3Y

Appendix 3Y Change of Director’s Interest Notice

	Appendix 3YChange of Director’s Interest Notice
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. City Lane Pty Ltd as trusteeof the Whitcombe Family Trust)**Nature of Interest of Director:**As beneficiary ofthe FamilyTrust
Date of change	24 November 2008
No. of securities held prior to change	4,145,157
Class	Options
Number acquired	0
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	N/a
No. of securities held after change	4,145,157
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	N/a

• See chapter 19 for defined terms.

Appendix 3Y