Savcor Group Limited. : Change of Director's Interest Notice - Mr H Savisalo

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 SAVCOR GROUP LIMITED

ABN 52 127 734 196

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	Hannu Antero SAVISALO
Date of last notice	18 March 2011

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	(a) Indirect Interest (b) Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(a) Securities are held by Savcor Face Group Oy which the director has a relevant interest (b) Options Issued under the Savcor Employee Option Plan
Date of change	3 January 2012
No. of securities held prior to change	(a) 89,203,610 - Savcor Face Group Oy (a) 99,190 options SAVAI 198,379 options SAVAK 396,757 options SAVAM
Class	(a) Fully Paid Ordinary Shares (b) Employee options
Number acquired	n/a

+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Number disposed	(b) 99,190 options SAVAI 198,379 options SAVAK 49,594 options SAVAM
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	(a) 89,203,610 - Savcor Face Group Oy (b) 347,163 options SAVAM
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Option Lapse

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.

Detail of contract	Not applicable
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 11/3/2002

Appendix 3Y Change of Director's Interest Notice Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

Director: Hannu Savisalo

Date: 3 January 2012

+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 3