COMPLII FINTECH SOLUTIONS LTD — Board/Management Information 2005

Nov 1, 2005

G Retail Limited ACN 098 238 585

Level 6, 15 Castlereagh Street Sydney NSW 2000 Phone: 02 9287 6394 Fax: 02 8915 1148

The Manager Company Announcements Office Australian Stock Exchange Level 6, 20 Bridge Street SYDNEY NSW 2000

2 November 2005

Dear Sir

The Directors of G Retail Limited have today received and accepted the resignation of Mr Tony Young as Deputy Chairman and Non-Executive Director with immediate effect.

The Board wishes to advise that a replacement director is being sought and the appointment will be advised in due course.

Yours faithfully

Varleson

Chris Charleson Company Secretary