SEAFARMS GROUP LIMITED — Director's Dealing 2009

Nov 10, 2009

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Our Ref: CO2 ASX Announce Appendix 3Y CDM 11‐11‐09 (267)

11 November 2009

ANNOUNCEMENT 267

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

Following is Change of Director’s Interests Notice for Christopher Mitchell.

Yours faithfully

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Harley Whitcombe Company Secretary

CO2 Group Limited Level 11, 225 St Georges Terrace Perth WA 6000 PO Box 7312 Cloisters Square Perth WA 6850

Tel. 08 9321 4111 ABN 50 009 317 846 Fax. 08 9321 4411 www.co2australia.com.au

Appendix 3Y Change of Director’s Interest Notice

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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	Christopher David MITCHELL
Date of last notice	3 December 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

Change Number 1
Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/a
Date of change	11 November 2009
No. of securities held prior to change	4,000,000
Class	Unlisted options
Number acquired	Nil
Number disposed/converted	1,000,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	3,000,000
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Converted 1,000,000 options to fully paidshares @ $0.32 per share

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Appendix 3Y Change of Director’s Interest Notice

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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	Christopher David MITCHELL
Date of last notice	3 December 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 2

Change Number 2
Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/a
Date of change	11 November 2009
No. of securities held prior to change	Nil
Class	Fully Paid Shares
Number acquired	1,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$320,000
No. of securities held after change	1,000,000
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Conversion of Unlisted Options to Fully PaidShares @ $0.32 per share

3