SEQUOIA FINANCIAL GROUP LTD — Director's Dealing 2005

Mar 16, 2005

Rule 3.19A.2

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 CommSoft Group Limited
ABN	90 091 744 884

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	David Ronald Whitfield
Date of last notice	19 January 2005

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.	Barrack Capital Pty Limited
Date of change	11 March 2005
No. of securities held prior to change	Nil
Class	Secured Convertible Notes
Number acquired	26,000 Secured Convertible Notes of $1.00each
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$1.00 per Secured Convertible Note
Nature of changeExample: on-market trade, off-market trade, excreise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of Secured Convertible Notes

÷ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

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.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-eash, provide details and anestimated valuation
Interest after change

$\div$ See chapter 19 for defined terms.