TIVAN LIMITED — Director's Dealing 2009

Nov 23, 2009

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	John W Barr
Date of last notice	18 September 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

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.	John W Barr is a Director and Shareholder of Kensington Consulting Pty Ltd and Kensington Capital Pty Ltd.
Date of change	24 November 2009
No. of securities held prior to change	7.317,500 ordinary shares and 3,000,000 unlisted options exercisable at $0.50 expiring 31 March 2010 owned by Kensington Consulting Pty Ltd. 2,412,500 ordinary shares owned by Kensington Capital Pty Ltd.
Class	Unlisted Options
Number acquired	2,000,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	-

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	7.317,500 ordinary shares and 3,000,000 unlisted options exercisable at $0.50 expiring 31 March 2010 owned by Kensington Consulting Pty Ltd. 2,000,000 unlisted options exercisable at $0.15 expiring 15 December 2012 owned by John W Barr. 2,412,500 ordinary shares owned by Kensington Capital 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	Issue of Unlisted options as approved by shareholders at the AGM held 19 November 2009.

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