SEAFARMS GROUP LIMITED — Director's Dealing 2008

Oct 12, 2008

™ 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 PJF 07-10-08 (238)

7 October 2008

Company Announcements Office Australian Stock Exchange 10 th Floor By ASX Online 20 Bond Street Number of pages: 5 SYDNEY NSW 2000 (including this page)

ANNOUNCEMENT 238

Dear Sir

Change of Directors Interest Notices

Following are change in director's interest's notice for Mr Paul Favretto.

Mr Favretto's other holdings which have not changed are also enclosed for completeness.

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

Yours faithfully

Harley Whitcombe Company Secretary

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	Paul John Favretto
Date of last notice	30 September 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 1

Direct or indirect interest	Indirect
Nature of indirect interest	Name of Holder: Pinnacle Superannuation Pty
(including registered holder)	Ltd
Note: Provide details of the circumstances giving rise to the relevantinterest.	Nature of Interest of Director: Beneficiary ofsuperannuation fund
Date of change	6October2008
No. of securities held prior to change	3,728,348
Class	OrdinaryShares
Number acquired	788,879
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$237,812.60
No. of securities held after change	4,517,227
NatureofchangeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Onmarketpurchases

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	Paul John Favretto
Date of last notice	30 September 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	1
--------	---

Direct or indirect interest	Indirect
Nature of indirect interest	Name of Holder: Pinnacle Superannuation Pty
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	LtdNature of Interest of Director: Beneficiary ofsuperannuati0n fund
Date of change	6October2008
No. of securities held prior to change	2,502,103
Class	ListedOptions
Number acquired	300,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$75,375.00
No. of securities held after change	2,802,103
NatureofchangeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Onmarketpurchases

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	Paul John Favretto
Date of last notice	30 September 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 1

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: Favcor Pty LtdNature of Interest of Director: Directshareholding
Date of change	6October2008
No. of securities held prior to change	7,697,906
Class	OrdinaryShares
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0
No. of securities held after change	7,697,906
NatureofchangeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	N/a

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	Paul John Favretto
Date of last notice	30 September 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 1

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: Favcor Pty LtdNature of Interest of Director: Directshareholding
Date of change	6October2008
No. of securities held prior to change	4,133,333
Class	ListedOptions
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0
No. of securities held after change	4,133,333
NatureofchangeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	N/a