DEEP YELLOW LIMITED — Director's Dealing 2011

Mar 23, 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 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	30 November 2010

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	HSBC Custody Nominees (Australia) Limited on behalf of entities associated with Mervyn Greene
to therelevantinterest.
Date of change	17 March 2011
No. of securities held prior to	22,370,000 ordinary shares held directly by Mervyn Greene
change	51,946,667 ordinary shares held by HSBC Custody Nominees (Australia)Limited
Class	Ordinary Shares
Number acquired
Number disposed	425,000
Value/Consideration Note: If consideration is non-cash, provide details	$81,625.08
and estimatedvaluation
No. of securities held after change	21,945,000 ordinary shares held directly by Mervyn Greene 51,946,667 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	On market sale
reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A (However, as a restricted person prior written clearance was sought and obtained.)
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011