GALE PACIFIC LIMITED — Director's Dealing 2005

Jun 19, 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	Gary Stephen Gale
Date of last notice	6 June 2005

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares are held by Gale Australia Pty Ltd, a Company which G S Gale's voting power exceeds $20\%$ .
Date of change	16 May 2005 and 20 June 2005
No. of securities held prior to change	13,897,844 ordinary shares held in the name of Gale Australia Pty Ltd, 973,923 held by Anne Gale, the spouse of the Director, 427,942 held in the name of Tricom Nominees Pty Ltd of which the Director is the beneficial owner and 320,000 options to subscribe for fully paid ordinary shares held by Gary Gale directly.
Class	Ordinary
Number acquired	30, 000 ordinary shares
Number disposed

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	20,000 shares @ \$1.5196 on 16 May 2005 and 10,000 shares @ \$1.4916 on 20 June 2005
No. of securities held after change	13,927,844 ordinary shares held in the name of Gale Australia Pty Ltd, 973,923 held by Anne Gale, the spouse of the Director, 427,942 held in the name of Tricom Nominees Pty Ltd of which the Director is the beneficial owner and 320,000 options to subscribe for fully paid ordinary shares held by Gary Gale directly.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade.

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