WAM ACTIVE LIMITED — Director's Dealing 2008

Jun 5, 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 WAM ACTIVE LIMITED

ABN 46 126 420 719

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 Ronald Walker Date of last notice 3 June 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

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 interest.	Company associated to the Director
**Date of change **	3 June2008
**No. of securities held prior to change **	1,538,650ordinary share INDIRECT 1,300,000 options INDIRECT
Class	Ordinary shares
Number acquired	3,350ordinary sharesINDIRECT
**Number disposed **

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director s Interest Notice

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Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation [$][3,171.52]
No. of securities held after change
1,542,000 ordinary share INDIRECT
1,300,000 options INDIRECT
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of On-market trades
securities under dividend reinvestment plan, participation in buy-back
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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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002