GRAINCORP LIMITED — Director's Dealing 2005

Sep 6, 2005

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	-------------------------------------- -------------------------------------- GRAINCORP LIMITED
LABN _________	******** _________ -------------------------------------- 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 DAVID BRUCE TREBECK
Date of last notice	02 August 2005 . "이 아이가 아이가 어디에서 이 아이가 더 좋은 것을 하는데, 이 작가는데, 이 사람들은 아이가 아이가 있 다"라고 하는 것이 같다.

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	DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the refevant interest.	AS LISTED BELOW
Date of change	07 September 2005
No. of securities held prior to change	16,933 Ordinary Shares on behalf of David Bruce and Diana Jeannette Trebeck trading as Fairo Super Fund 3,653 Ordinary Shares -- David Trebeck Total Shares Held - 20,586
Class	FULLY PAID ORDINARY
Number acquired	165
Number disposed	$\Omega$
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	\$11.69
No. of securities held after change	16,933 Ordinary Shares on behalf of David Bruce and Diana Jeannette Trebeck trading as Fairo Super Fund 3,818 Ordinary Shares - David Trebeck Total Shares Held - 20,751

⁺ See chapter 19 for defined terms.

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

⁺ See chapter 19 for defined terms.