GALE PACIFIC LIMITED — Director's Dealing 2014

Jan 13, 2014

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	29 May 2013

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 therelevant interest.	Mr Murphy is a director and shareholder of thecurrent registered holders of Gale PacificLimited (GAP) shares being JAAR Pty Limitedand APM Enterprises Pty Limited. GAP shareswere also previously held by JW EquityConsulting Pty Limited (a company of which MrMurphy is a director and shareholder) and theseGAP shares were distributed in-specie by JWEquityConsultingPtyLimitedtoitsshareholders, including Mr Murphy, through off-market transfers.
Date of change	14 January 2014
No. of securities held prior to change	3,684,579
Class	Ordinary shares
Number acquired	0
Number disposed	867,980
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	The shares were disposed of through via an in-specie distribution, at market value being $0.285per share.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Total of 2,816,599 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. 1,816,599 shares held by APM Enterprises
	Pty Limited ,
	of whichMr Murphyis director and
	shareholder.
Nature of change	Off-market disposal of shares via an in-specie
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	distribution of GAP shares by JW EquityConsulting Pty Limited to its shareholders, ofwhich Mr Murphy is one. Although the legal
	ownership of Mr Murphy’s holding has changed,
	his beneficial holding remains the same.

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts Yes detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow Yes the trade to proceed during this period? If prior written clearance was provided, on what 14 January 2014 date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3