DEEP YELLOW LIMITED — Director's Dealing 2011

Aug 9, 2011

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	Martin Kavanagh
Date of last notice	30 June 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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to therelevantinterest.	Conway Bay Pty Ltd ATF The Kavanagh Superannuation Fund
Date of change	10 August 2011
No. of securities held prior to change	487,500 Ordinary Shares 1,330,000 performance share rights due to vest between 1 July 2011 and 1 July 2013 if certain time and performance conditions aremet
Class	Ordinary Shares
Number acquired	153,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	640,500 Ordinary Shares 1,150,000 performance share rights due to vest between 30 November 2011 and 1 July 2013 if certain time and performance conditions are met

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of Issue of ordinary shares in respect of which performance share options, issue of securities under dividend reinvestment rights have vested. 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.

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	N/A
Note: Details are only required for a contract in relation to which the
interesthas changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated	N/A
valuation
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or
contracts detailed above traded during a +closed period where prior written	No
clearance was required?
If so, was prior written clearance provided
to allow the trade to proceed during this	N/A
period?
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002