GALE PACIFIC LIMITED — Director's Dealing 2013

May 28, 2013

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 30/09/01 Amended 01/01/11

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	JOHN MURPHY
Date of last notice	28 September 2011

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	Mr Murphy is a director and shareholder of the
(including registered holder)	registered holder JW Equity Consulting Pty
Note: Provide details of the circumstances giving rise to the	Limited.
relevant interest.
Date of change	28 May 2013
No. of securities held prior to change	1,000,000
Class	Ordinary shares
Number acquired	2,684,579
Number disposed	0
Value/Consideration	The shares were acquired via an in-specie
Note: If consideration is non-cash, provide details andestimated valuation	distribution, at a deemed value of $0.31 pershare.
No. of securities held after change	Total of 3,684,579 shares as follows:
	1. 1,000,000 shares held by Jaar Pty Limited
	<The Rosella Super No 2 A/C> of which Mr
	Murphy is director and shareholder.
	2. 2,684,579 shares held by JW Equity
	Consulting Pty Limited, of which Mr Murphy
	is director and shareholder.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Acquisition of shares via an in-specie Example: on-market trade, off-market trade, exercise of distribution of shares in Gale Pacific Limited by options, issue of securities under dividend reinvestment plan, participation in buy-back Investec Wentworth Private Equity Limited ( IWPE ) to unit holders of private equity funds managed by IWPE.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

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 N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011