SEAFARMS GROUP LIMITED — Director's Dealing 2008

Jan 17, 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 INT18-01-08 (212)

18 January 2008

ANNOUNCEMENT 212

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

By ASX Online Number of pages: 2 (including this page)

Dear Sir

Change of Directors Interest Notices Conversion Of Convertible Preference Shares

Following are change in director’s interests subsequent to the allotment of shares under the Company’s Share Purchase Plan.

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

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.

Name of Director	Ian Norman Trahar
Date of last notice	13 September 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 1

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:**Gabor Holdings Pty Ltd**Nature of Interest of Director:**DirectShareholding
Date of change	18 January 2008
No. of securities held prior to change	89,116,062
Class	Ordinary Shares
Number acquired	15,386,983
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$1,000,000
No. of securities held after change	104,503,045
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Conversion of Convertible PreferenceShares

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y