GENETIC TECHNOLOGIES LIMITED — Director's Dealing 2004

Jan 7, 2004

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 Genetic Technologies Limited
ABN	17 009 212 328

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	Dr Mervyn Jacobson
Date of last notice	5 January 2004

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

Direct or indirect interest	Direct and indirect
Nature of indirect interest	Dr Mervyn Jacobson controls JGT Aps
(including registered holder)	(49,000,000) and Mervyn Jacobson Aps
Note: Provide details of the circumstances giving rise to the	(49,000,000)
relevant interest.
Date of change	2 - 5 January 2004
No. of securities held prior to change	$49,000,000 - JGT$ Aps
	49,000,000 - Mervyn Jacobson Aps
	$3,155,122 - Direct$
Class
	Fully paid ordinary shares
Number acquired	45,778
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation	\$21,470
No. of securities held after change	$49,000,000 - JGT$ Aps
	49,000,000 - Mervyn Jacobson Aps
	$3,200,900 - Direct$

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, On-market purchases issue of securities under dividend reinvestment blan. participation in buy-back

Part 2 - Change of director's interests in contracts

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

Dated at Sydney on 8 January 2004

$+$ See chapter 19 for defined terms.