DEEP YELLOW LIMITED — Director's Dealing 2008

Dec 22, 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 DEEP YELLOW LIMITED ABN 97 006 391 948

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	Mervyn Greene
Date of last notice	27 July 2007

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	HSBC Custody Nominees (Australia) Limited on behalf of entities associated with Mervyn Greene
Date of change	19 December 2008
No. of securities held prior to change	3,000,000 options at 55.1 c exercisable before 30.11.09 29,900,000 ordinary shares held directly by Mervyn Greene 44,416,667 ordinary shares held by a nominee, HSBC Custody Nominees (Australia) Limited
Class	Ordinary Shares
Number acquired	6,250,000 ordinary shares
Number disposed	6,250,000 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$750,000

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	3,000,000 options at 55.1 c exercisable before 30.11.09 23,650,000 ordinary shares held directly by Mervyn Greene 50,666,667 ordinary shares held by HSBC Custody Nominees (Australia) Limited
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	There is no change in beneficial interest. The transaction reflects a transfer of shares from Mervyn Greene to a Pension Fund of which Mervyn Greene is a beneficiary.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2