TIVAN LIMITED — Director's Dealing 2007

May 20, 2007

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	TNG Limited
ABN	12 000 817 023

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	Michael Phillip Bowen
Date of last notice	-28 April 2006

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 inferest.	Bouchi Pty Ltd of which I am a director and shareholder holds shares and options in TNG Limited
Date of change	17 May 2007
No. of securities held prior to change	750,002 shares and 2,185,088 options each exercisable at 15 cents on or before 31 May 2007
Class	Shares Options exercisable at 15 cents on or before 31 May 2007
Number acquired	2,185,088 shares on the exercise of 2,185,088 options each at 15 cents
Number disposed	2,185,088 31 May 2007 options which were exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Each share at 15 cents on the exercise of an option
No. of securities held after change	2,935,090 shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 31 May 2007 options

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	N/A
Nature of interest	N/h

Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change	N/A
Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change	N/A