TIVAN LIMITED — Director's Dealing 2010

Mar 31, 2010

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	24 November 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.	Edward Fry is a Director of Gimbulki Holdings Pty Ltd.
Date of change	24 November 2009
No. of securities held prior to change	Edward Fry 1,500,000 Ordinary shares 500,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 500,000 unlisted options exercisable @ $0.15 expiring 15 December 2012. Gimbulki Holdings Pty Ltd 797,892 Ordinary shares 1,000,000 unlisted options exercisable @ $0.49 expiring 31 March 2010 1,500,000 unlisted options exercisable @ $0.15 expiring 15 December 2012.
Class	Unlisted Options
Number acquired	-

• See chapter 19 for defined terms.

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30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1,500,000
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Nil
No. of securities held after change	Edward Fry 1,500,000 Ordinary shares 500,000 unlisted options exercisable @ $0.15 expiring 15 December 2012. Gimbulki Holdings Pty Ltd 797,892 Ordinary shares 1,500,000 unlisted options exercisable @ $0.15 expiring 15 December 2012.
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Expiry of unlisted options

’ 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