GALE PACIFIC LIMITED — Director's Dealing 2003

May 11, 2003

Appendix 3Y

Rule 3.19A.2

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	Gale Pacific Limited
'ABN	80 082 263 778

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	Daryl Edward James Reilly
Date of last notice	17 April 2003

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	Indirect and Direct
Nature of indirect inferest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The director controls Hedgegrove Pty. Ltd ACN 055 407 399, which has voting power in Advent Management Group Limited ACN 006 235 632 ("AMG") in excess of 20%.
Date of change	12 May 2003
No. of securities held prior to change	Before the change, the director had a relevant interest in 206,068 shares
Class	Ordinary
Number acquired	The Director acquired 8,439 shares.
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$15,017.
No. of securities held after change	After the change, the director had a relevant interest in 214,507 shares.

⁺ See chapter 19 for defined terms.

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.

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

$+$ See chapter 19 for defined terms.