SEAFARMS GROUP LIMITED — Director's Dealing 2011

Jul 25, 2011

CO₂

Our Ref: CO2 ASX Announce Appendix 3Y INT 26-07-11 (305)

26 July 2011

ANNOUNCEMENT 305

Company Announcements Office
Australian Securities Exchange
Level 4
20 Bridge Street
SYDNEY NSW 2000

By ASX Online
Number of pages: 4
(including this page)

Dear Sir

Change in Director’s Interests

Following is Change of Director’s Interests Notice for Ian Trahar.

Please note the change relates to the acquisition of 22,222,222 listed Nov 2011 options under a conditional acquisition agreement.

In addition, the notice updates the entities which currently hold the relevant interests of shares and options within Mr Trahar’s group holdings. Changes from the entities which were formerly notified as holding Mr Trahar’s group holdings did not result in any change in Mr Trahar’s relevant interest and so were not changes which are notifiable under ASX Listing Rule 3.19A.

Yours faithfully

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

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Appendix 3Y

Change of Director's Interest Notice

CO₂

Rule 3.19A.2

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 30/09/01 Amended 01/01/11

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	12 February 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 (a)(i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	See attached schedule of holdings
Date of change	20 July 2011
No. of securities held prior to change	Shares: 116,831,546 shares
Listed Nov 2011 Options: 67,737,796 options
Class	Listed Nov 2011 Options
Number acquired	22,222,222
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$1,333,333.32
No. of securities held after change	Shares: 116,831,546 shares
Listed Nov 2011 Options: 89,960,018 options
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conditional agreement to acquire options between Crestpark Investments Pty Ltd and Avatar Industries Pty Ltd dated 20 July 2011.

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Appendix 3Y

Change of Director's Interest Notice

CO₂

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.

Part 2 – Change of director’s interests in contracts

Detail of contract	Conditional agreement to acquire options between Crestpark Investments Pty Ltd and Avatar Industries Pty Ltd dated 20 July 2011
Nature of interest	Indirect
Name of registered holder (if issued securities)	Crestpark Investments Pty Ltd
Date of change	20 July 2011
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed	Nil
Interest acquired	Listed Nov 2011 Options: 22,222,222 options
Interest disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation	$1,333,333.32
Interest after change	Listed Nov 2011 Options: 22,222,222 options

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not Applicable
If prior written clearance was provided, on what date was this provided?	Not Applicable

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Appendix 3Y

Change of Director's Interest Notice

CO₂

Schedule of Holdings as at 25 July 2011

Name of Registered Holder	Shares held	Current % (undiluted)	Listed Nov 2011 Options held
Gabor Holdings Pty Ltd as trustee for the Tricorp Trust	104,575,625	37.41%	-
Gabor Holdings Pty Ltd	10,904,046	3.90%	-
Gabor Investments Pty Ltd	233,125	0.08%	-
Arlec Australia Pty Ltd	15,625	0.001%	-
Zeppelin Holdings Pty Ltd	435,000	0.16%	-
Avatar Industries Pty Ltd¹	-	-	89,960,018²
Ian Norman Trahar	668,125	0.24%	-
Total Voting Power	116,831,546	41.79%	89,960,018

¹ Registered holder or to be registered
² Includes 22,222,222 Options the subject of the agreement with Crestpark Industries Pty Ltd.

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