DEEP YELLOW LIMITED — Director's Dealing 2011

May 15, 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 30/09/01 Amended 01/01/11

Name of entity DEEP YELLOW LIMITED ABN 097 006 391 948

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	24 March 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	HSBC Custody Nominees (Australia) Limited on
(including registered holder)	behalf of entities associated with Mervyn Greene
Note: Provide details of the circumstances giving rise
to the relevant interest.
Date of change	12 May 2011
No. of securities held prior to	21,945,000 ordinary shares held directly by Mervyn
change	Greene
	51,946,667 ordinary shares held by HSBC Custody
	Nominees (Australia) Limited
Class	Ordinary Shares
Number acquired
Number disposed	(1) 3,000,000
	(2) 19,400,000(Trust restructure and transfer)
Value/Consideration	(1) $529,371.12
Note: If consideration is non-cash, provide detailsand estimated valuation	(2) NIL
No. of securities held after change	21,945,000 ordinary shares held directly by Mervyn
	Greene
	29,546,667 ordinary shares held by HSBC Custody
	Nominees (Australia) Limited

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change	(1) On Market sale by MGR Trust to settle certain
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	liabilities of the trust.(2) Shares transferred out of the MGR Trust as part
	of a trust restructure. These shares related to
	beneficiaries other than Mervyn Greene. No
	sale of shares as a result of this transaction.

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

Part 3 –[+] Closed period

Were the interests in the securities or	No
contracts detailed above traded during a
+closed period where prior written
clearance was required?
If so, was prior written clearance provided	N/A
to allow the trade to proceed during this	(However, as a restricted person prior written
period?	clearance was sought and obtained.)
If prior written clearance was provided, on	N/A
what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011