SFG Australia Ltd : Change in substantial shareholding

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme SFG AUSTRALIA LIMITED (FORMERLY SNOWBALL GROUP LIMITED)
ACN/ARSN 006 490 259

1. Details of substantial holder (1)

Name SFG AUSTRALIA LIMITED (FORMERLY SNOWBALL GROUP LIMITED) ACN (if applicable) 006 490 259
There was a change in the interests of the
substantial holder on : 27 / 01 / 2012
The previous notice was given to the company
on 30 / 08 / 2011
The previous notice was dated 29 / 08 / 2011

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities (4)	Previous notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	1 vote per share	49.04%1	1 vote per share	47.40%

1. Relevant interest as at the previous notice; relevant interest with respect to the previous notice reduced to 48.85% due to

issue of shares by the Company since the previous notice was given.

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest or the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
27/01/2012	SFG Australia Limited (SFG)	Release of OGPL Shareholders from escrow (see Form 603 lodged with ASX on 25/08/2011 for definitions used in this Form 604)	Nil	12,499,999 ordinary shares	12,499,999 ordinary shares
16/11/2011	SFG	Escrowed portion of shares issued as part of the consideration for SFG's acquisition of Phaz Pty Limited	$0.36	1,944,444 ordinary shares	1,944,444 ordinary shares

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4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
SFG	288 Restricted Shareholders	Restricted Shareholders	Power to restrict disposal of shares	343,818,210 ordinary shares	343,818,210 ordinary shares
SFG	2 Restricted Shareholders	Restricted Shareholders	Power to restrict disposal of shares	1,944,444 ordinary shares	1,944,444 ordinary shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association
Not applicable

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
SFG Australia Limited	Level 18, 50 Bridge Street, Sydney NSW 2000

Signature

print name LINDA WING YEUNG FOX Capacity COMPANY SECRETARY

sign here date 30 / 01 / 2012

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