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CHALLENGER LIMITED Director's Dealing 2005

Dec 22, 2005

64641_rns_2005-12-22_ada13e2a-f227-4325-b70d-5a87f5eb726a.pdf

Director's Dealing

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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 Challenger Financial Services Group Limited
--------------------
ABN 85 106 842 371

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 Michael Tilley
Date of last notice 23/12/04
---
. . .

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 Direct interest
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
N/A
Date of change 19 December 2005
No. of securities held prior to change 2,022,999
Class Ordinary
Number acquired 3,000,000
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
\$7,950,000
No. of securities held after change 5,022,999
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 shares under CEO Long
Term Incentive Plan as approved by
shareholders on 24 November 2005
  • See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

J,

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

l,

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Date: 19 December 2005

Sign here:

Company Secretary

Christopher John Robson Print name:

  • See chapter 19 for defined terms.

Appendix 3Y Page 2