TIVAN LIMITED — Director's Dealing 2008

Nov 23, 2008

Appendix 3Y Change of Director’s Interest Notice

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: 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	Edward Fry
Date of last notice	25 August 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

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Edward Fry is a Director of Gimbulki Holdings Pty Ltd.
Date of change	20 November 2008
No. of securities held prior to change	1,513,392 Ordinary shares by Edward Fry 500,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 held by E Fry 750,000 Ordinary shares by Gimbulki Holdings Pty Ltd. 1,000,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 held by Gimbulki Holdings Pty Ltd
Class	Ordinary shares
Number acquired	34,500
Number disposed	-

• See chapter 19 for defined terms.

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30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.029 each
No. of securities held after change	1,513,392 Ordinary shares by Edward Fry 500,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 held by E Fry 784,500 Ordinary shares by Gimbulki Holdings Pty Ltd. 1,000,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 held by Gimbulki Holdings Pty Ltd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market Purchase

’ Part 2 – Change of director s interests in contracts

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 change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001