DEEP YELLOW LIMITED — Director's Dealing 2008

Feb 4, 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	Dr Leon Pretorius
Date of last notice	21 December 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevantinterest.	N/A
Date of change	31 January 2008
No. of securities held prior to change	65,000,000 Ordinary Shares5,000,000 options at 55.1 c exercisable before30.11.20097,500,000 options at 59.5 c exercisablebefore 30.11.2010
Class	Ordinary Shares
Number acquired	3,354,311 shares
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$964,992.90
No. of securities held after change	68,354,311 Ordinary Shares5,000,000 options at 55.1 c exercisablebefore 30.11.20097,500,000 options at 59.5 c exercisablebefore 30.11.2010

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

On market trade

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationinbuy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationinbuy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationinbuy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationinbuy-back	On market trade	On market trade	On market trade
	le: on-market trade, off-market trade, exercise of optif securities under dividend reinvestment plan, participaback		ons,tion
	2 – Change of director’s interethe case of a company, interests which come within parart.		sts in contractsgraph (ii) of the definition of “notifiable interest of a director” should be disclosed
Deta	il of contract	N/A
Natu	re of interest	N/A
Nam(if is	e of registered holdersued securities)	N/A
Date	of change	N/A
No.whicchaNote:relation	and class of securities toh interest related prior tongeDetails are only required for a contract into which the interest has changed	N/A
Inter	est acquired	N/A
Inter	est disposed	N/A
ValuNote: Iand an	e/Considerationf consideration is non-cash, provide detailsestimated valuation	N/A
Inter	est after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002