GLOBE INTERNATIONAL LIMITED — Director's Dealing 2011

Nov 1, 2011

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Attention : Company Announcements Australian Securities Exchange Limited

2 November 2011

APPENDIX 3 Y – CHANGE IN DIRECTORS INTEREST

Attached is an Appendix 3 Y form for Globe International Limited (ASX Code : GLB)

This relates to an off market transfer of 170,479 shares by Stephen David Hill on Monday, 31 October 2011.

Please note there is no change to the director’s total interest as this was a transfer from a direct holding to an indirect holding.

Details of the transaction are contained in the attachment.

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Gerhard Correa Company Secretary

Globe International Limited

1 Fennell Street, Port Melbourne 3207, Australia

Tel: 61 3 8534 9999 Fax: 61 3 8534 9955

A C N 007 066 033

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 :GLOBE INTERNATIONAL LIMITED ABN 65 007 066 033

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	STEPHEN DAVID HILL
Date of last notice	15 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	Change in direct and indirect interest(No change in total interest)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Fleming International Pty Ltd (Trustee forS. Hill Trust)Stpehen David Hill is a 100% shareholderand director of Smersh PtyLtd
Date of change	31 October 2011
No. of securities held prior to change	Direct: 245,479Indirect : 11,806,281Total : 12,051,760
Class	Ordinary
Number acquired	170,479 (off market transfer from direct toindirect holding)
Number disposed	170,479 (off market transfer from direct toindirect holding)
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$ 76,851.18
No. of securities held after change	Direct : 75,000Indirect : 11,976,760Total : 12,051,760**(No change)**

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Off market transfer on 31 October 2011.170,479 shares transferred from directholding to indirect holding for $ 76,851.18

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	NOT APPLICABLE
Nature of interest	NOT APPLICABLE
Name of registered holder(if issued securities)	NOT APPLICABLE
Date of change	NOT APPLICABLE
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	NOT APPLICABLE
Interest acquired	NOT APPLICABLE
Interest disposed	NOT APPLICABLE
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	NOT APPLICABLE
Interest after change	NOT APPLICABLE

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	NO
If so, was prior written clearance provided to allow the tradeto proceed during this period?	NOT APPLICABLE
If prior written clearance was provided, on what date was thisprovided?	NOT APPLICABLE

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011