GENETIC TECHNOLOGIES LIMITED — Director's Dealing 2004

Jan 4, 2004

Appendix 3Y

Rule 3.19A.2

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	24 December 2003

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Dr Mervyn Jacobson controls JGT Aps (49,000,000) and Mervyn Jacobson Aps (49,000,000)
Date of change	$22 - 30$ December 2003
No. of securities held prior to change	$49,000,000 - JGT$ Aps 49,000,000 - Mervyn Jacobson Aps $3,072,600 - Direct$
Class	Fully paid ordinary shares
Number acquired	82,522
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$37,405
No. of securities held after change	$49,000,000 - JGT$ Aps 49,000,000 - Mervyn Jacobson Aps $3,155,122 - Direct$

⁺ See chapter 19 for defined terms.

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

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 5 January 2004

⁺ See chapter 19 for defined terms.