TIVAN LIMITED — Director's Dealing 2008

Oct 8, 2008

NO.660 $P.1/3$

JLIMITED

-
ABN 12.000.817.022

T +61 8 9327 0900 $F = 61893270901$ E corporate@IngIId.com au Level 1, 282 Rokeby Road Sublace WA 6008 PO Box 1126 Subiaco WA 6904 www.tngftd.com.au

The Manager ASX Limited Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Sir

TNG Limited Appendix 3Y - Change of Directors Interest

In response to your letter dated 17 October 2008 the Company advises as follows:

• 1. Mr Neil Biddle is aware of his obligations to notify the ASX of changes in security holdings. Notification of the purchases was emailed by Mr Biddle to the assistant company secretary on 27 and 28 September 2008 in respect to the two trades, within the time required for lodgement of the Appendix 3YThe assistant company secretary was on leave on 27 and 28 September. On becoming aware that the assistant company secretary was on leave notification was emailed to the joint company secretary on 3 October 2008. The joint company secretary, being absent from the office on this day consequently received the notice on 6 October 2008 when the Appendix 3Y was lodged.
• 1. Arrangements are in place whereby directors notify the assistant company secretary of changes to their interests within the time limits required for notification as set out in listing rule 3.19A.
• 1. In normal circumstances the arrangements in place by the Company ensure that notifications are within time, however Directors will now be asked to confirm notifications sent in relation to changes in interests have been received and actioned.

Yours Sincerely

1 Robedson

Simon Robertson Company Secretary

9.OCT.2008 ASX PERTH 17:33

John Barr Director TNG Limited Lvel 1 282 Rokeby Road SUBIACO WA 6904

ASX Limited ABN 98 008 624 691 Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

GPO Box D187 Perth WA 6840

Telephone 61 9224 0015 Facsimile 61 9221 2020 Internet http://www.asx.com.au

By facsimile: 9327 0901

Dear John

TNG Limited (the "Company") Appendix 3Y-Change of Director's Interest Notice.

We refer to the Appendix 3Y lodged by the Company with ASX on 6 October 2008 for Neil Biddle

Listing rule 3.19A.2 which requires an entity to tell ASX the following:

3.19A.2 A change in the notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust). The entity must complete Appendix 3Y and give it to the ASX no more than 5 business days after the change occurs.

Listing rule 3.19B which states as follows:

3.19B An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

The Companies Update dated 27 June 2008, reminding listed entities of their obligation to notify ASX within 5 business days of the notifiable interests in securities held by each director and outlining the action that ASX would take in relation to breaches of listings rules 3.19A and 3.19B.

As the Appendix 3Y indicated a change in interests of the director on 25 and 26 September 2008 it appears that the Appendix 3Y should have been lodged with ASX by 2 and 3 October 2008. As the Appendix 3Y was lodged on 6 October 2008 it appears that the Company may be in breach of listing rules 3.19B and/or 3.19B.

Please note that ASX is required to record details of breaches of the listing rules by listed companies for its reporting requirements.

j

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3,19A and 3.19B and Guidance Note 22; "Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities", we ask that you answer each of the following questions:

• $1.$ Please explain why the Appendix 3Y was lodged late.
• $2.$ What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?
• If the current arrangements are inadequate or not being enforced, what additional steps do the $\overline{3}$ Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by facsimile on facsimile number (08) 9221 2020. It should not be sent to the Company Announcements Office.

A response is requested as soon as possible and, in any event, not later than 5.00 pm W.S.T. on Thursday, 9 October 2008.

Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a form suitable for release and should separately address each of the questions asked. If you have any queries or concerns, please contact me immediately

Ylours sincerely.

Hendrike Koehler Adviser, Issuers (Perth)