SEAFARMS GROUP LIMITED — Director's Dealing 2011

Feb 2, 2011

CO₂

Our Ref: CO2 ASX Announce Appendix 3Y PJF & AWG 3-02-10 (289a)

3 February 2011

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

ANNOUNCEMENT 289a

By ASX Online
Number of pages: 15
(including this page)

Dear Sir

Change in Director’s Interests

Following are Change of Director’s Interests Notices for Paul Favretto and Andrew Grant.

Please note that there has been no change in beneficial interests for either director.

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
Fax. 08 9321 4411
ABN 50 009 317 846
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	Paul John Favretto
Date of last notice	28 July 2009

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: Pinnacle Superannuation Pty Ltd
Nature of Interest of Director: Beneficiary of superannuation fund
Date of change	27 January 2011
No. of securities held prior to change	4,802,616
Class	Ordinary Shares
Number acquired	815,625
Number disposed	n/a
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$126,421
No. of securities held after change	5,618,241
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market

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CO₂

Appendix 3Y

Change of Director's Interest Notice

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

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CO₂

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 30/09/01 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	Paul John Favretto
Date of last notice	28 July 2009

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: Favcor Pty Ltd
Nature of Interest of Director: Direct shareholding
Date of change	27 January 2011
No. of securities held prior to change	7,697,906
Class	Ordinary Shares
Number acquired	n/a
Number disposed	815,625
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$126,421
No. of securities held after change	6,882,291
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market

---

CO₂

Appendix 3Y

Change of Director's Interest Notice

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

---

CO₂

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 30/09/01 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	Paul John Favretto
Date of last notice	28 July 2009

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: Pinnacle Superannuation Pty Ltd
Nature of Interest of Director: Beneficiary of superannuation fund
Date of change	27 January 2011
No. of securities held prior to change	3,491,145
Class	Listed Options
Number acquired	800,000
Number disposed	n/a
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$28,500
No. of securities held after change	4,291,145
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off and On Market

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CO₂

Appendix 3Y

Change of Director's Interest Notice

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

---

CO₂

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 30/09/01 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	Paul John Favretto
Date of last notice	28 July 2009

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: Favcor Pty Ltd
Nature of Interest of Director: Direct shareholding
Date of change	27 January 2011
No. of securities held prior to change	4,133,333
Class	Listed Options
Number acquired	n/a
Number disposed	800,000
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$28,500
No. of securities held after change	3,333,333
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off and On Market

---

CO₂

Appendix 3Y

Change of Director's Interest Notice

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

---

CO₂

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 30/09/01 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	Andrew William Thorold GRANT
Date of last notice	19 October 2009

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.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	N/a
Date of change	1 February 2011
No. of securities held prior to change	2,723,061
Class	Listed Options
Number acquired	n/a
Number disposed	2,119,850
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$66,147
No. of securities held after change	603,211
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market

---

Appendix 3Y

Change of Director's Interest Notice

CO₂

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

---

CO₂

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 30/09/01 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	Andrew William Thorold GRANT
Date of last notice	19 October 2009

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Name of Holder: 1. A & L Grant
Superannuation Fund
2. Andrew Grant ATF The
Grant Super Fund
Nature of Interest of Director: As
beneficiary of the Superannuation Fund N/a
Date of change	1 February 2011
No. of securities held prior to change	1. 931,349
2. 314,244
Class	Listed Options
Number acquired	1. 2,119,850
2. Nil
Number disposed	1. Nil
2. Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	1. $66,147
2. Nil
No. of securities held after change	1. 3,051,199
2. 314,244
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market

---

Appendix 3Y

Change of Director's Interest Notice

CO₂

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a

---

Appendix 3Y

Change of Director's Interest Notice

CO₂

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	Andrew William Thorold GRANT
Date of last notice	19 October 2009

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.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	N/a
Date of change	1 February 2011
No. of securities held prior to change	6,000,000
Class	Unlisted Options
Number acquired	N/a
Number disposed	N/a
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	N/a
No. of securities held after change	6,000,000
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	N/a

---

Appendix 3Y

Change of Director's Interest Notice

CO₂

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?	N/a
If prior written clearance was provided, on what date was this provided?	N/a