GOWING BROS LIMITED — Director's Dealing 2006

Jul 6, 2006

$G$ O W I N $G$ BROS

Investing Together For a Secure Future

GOWING BROS LIMITED EST. 1868 ACN 000 010 471 LEVEL 8 GOWINGS BUILDING 45 MARKET STREET

SYDNEY NEW SOUTH WALES 2000 TEL 61 2 9264 6321 FAX 61 2 9264 6240 www.gowingbros.com

6 July, 2006

Company Announcements Office Australian Stock Exchange Limited

Market Announcement - Appendix 3Z - Final Director's Interest Notice

Please find attached Final Director's Interest Notice for Mr Michael Alscher.

J S Byers Company Secretary

Appendix 3Z

Final 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	GOWING BROS.LTD
ABN	68 000 010 471

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	MICHAEL ALSCHER
Date of last notice	10 OCTOBER, 2005
Date that director ceased to be director	6 JULY, 2006

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

2,396 ORDINARY

$+$ See chapter 19 for defined terms.

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities
QRS INVESTMENTS P/L Director & shareholder	244,186 ORDINARY

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

$+$ See chapter 19 for defined terms.