GALE PACIFIC LIMITED — Director's Dealing 2012

Jul 4, 2012

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 30/9/2001.

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 McDonald
Date of last notice	18 March 2009

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.
Date of change	3 July 2012
No. of securities held prior to change	978,105 ordinary shares and 3,000,000performance rights.
Class	Ordinary
Number acquired	2,250,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	The shares have been issued for nilconsiderationuponthevestingofperformance rights in accordance withtheCompany’sPerformanceRightsPlan.

• See chapter 19 for defined terms. 11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 3,228,105 ordinary shares

Nature of change Shares issued upon vesting of

Example: on-market trade, off-market trade, performance rights in accordance with

exercise of options, issue of securities under the Company’s Performance Rights

dividend reinvestment plan, participation in Plan. 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.

==> picture [434 x 357] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for acontract in relation to which theinterest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

• See chapter 19 for defined terms. Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms. 11/3/2002

Appendix 3Y Page 3