GRAINCORP LIMITED — Director's Dealing 2005

Dec 6, 2005

Company announcement

GrainCorp Limited ABN 60 057 186 035

7 December 2005 Date:

To: The Manager Announcements Company announcements office

Lodged via www.asxonline.com

PUBLIC ANNOUNCEMENT

(Appendix 3Y - T Keene)

Contents for immediate release: (Change of Director's Interest Notice)

$N$ , $k$ $k$ , $f$

Nigel Hart Company Secretary

GrainCorp Limited Level 17, Tower 1, Darling Park 201 Sussex Street, Sydney NSW 2000 PO Box A268, Sydney South NSW 1235 Telephone: (02) 9325 9100 Facsimile: (02) 9325 9180 www.graincorp.com.au

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to $\Lambda S X$ 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	GRAINCORP LIMITED .
JABN	60 057 186 035 . ___

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	MR THOMAS BODLEY KEENE
--- Date of last notice	September 2005

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 enlity 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	DIRECT/INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	5 December 2005
No. of securities held prior to change	234,026 ordinary shares as sole holder Total Ordinary Shares - 234,026 500 reset preference shares as sole holder 100 reset preference shares – indirect interest in Helen Keene holding Total Reset Preference Shares - 600
Class	FULLY PAID ORDINARY SHARES
Number acquired	350
Number disposed	$\Omega$
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$11.00

$\mathbf{r}$

⁺ See chapter 19 for defined terms.

No. of securities held after change	234,376 ordinary shares as sole holder Total Ordinary Shares - 234,376 500 reset preference shares as sole holder 100 reset preference shares - indirect interest in Helen Keene holding Total Reset Preference Shares - 600
Nature of change	ON MARKET PURCHASE OF
Example: on-market trade, off-market trade, exercise of options, issue of	SECURITIES UNDER DEFERRED
securities under dividend reinvestment plan, participation in buy-back	SHARE PLAN

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
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

J.

⁺ See chapter 19 for defined terms.