GALE PACIFIC LIMITED — Director's Dealing 2006

Mar 2, 2006

3 March 2006

Australian Stock Exchange Company Announcements Office 4th Floor, 20 Bridge Street SYDNEY NSW 2000

Re: Rectification of Appendix 3Y lodged on 3 March 2006

Earlier today the Company lodged an Appendix 3Y announcing a change of director's interest. The following is a replacement of that Appendix 3Y Change of Director's Interest Notice.

Yours sincerely

Sophie Karzis Company Secretary

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 30/9/2001.

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	21 October 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	Direct & Indirect
Nature of indirect interest (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 of 22.22%
Date of change	2 March 2006
No. of securities held prior to change	323,254
Class	Ordinary
Number acquired	25,969
Number disposed	ΝiΙ
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$44,029.26
No. of securities held after change	Daryl E. J. Reilly: 300,000 Hedgegrove Pty Ltd: 35,000 Hedgegrove Pty Ltd as trustee for the Hedgegrove Super Fund: 10,000 Advent Management Group Ltd: 4223 TOTAL: 349,223

Nature of change		On-market trade
	Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan. I 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