GALE PACIFIC LIMITED — Director's Dealing 2005

Jun 21, 2005

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	Peter Ronald McDonald
Date of last notice	30 December 2004

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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares held jointly by the director and his wife.
Date of change	20, 21 and 22 June 2005.
No. of securities held prior to change	239,550 ordinary shares and 240,000 options to subscribe for fully paid ordinary shares.
Class	Ordinary
Number acquired	66,745
Number disposed	Nii
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$99,913.19
No. of securities held after change	306,295 ordinary shares and 240,000 options to subscribe for fully paid ordinary shares.

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