GULLEWA LIMITED — Director's Dealing 2011

Jun 22, 2011

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 GULLEWA LIMITED ABN 30 007 547 480

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	David Deitz
Date of last notice	17 June 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	Direct and Indirect
Nature of indirect interest	13,638,219 shares held by McNeil Nominees
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Pty Ltd a nominee for Mr David Deitz248,984 shares held by Walkaround Pty Ltd
	The balance is held by Mr David Deitz
Date of change	21 June 2011
No. of securities held prior to change	25,561,121 Ordinary Shares
	7,000,000 Options of 7.25 cents expiring
	30/11/2011
	4,200,000 Options of 11.87 cents expiring
	30/11/2014
Class	Ordinary Shares
Number acquired	50,000
Number disposed
Value/Consideration	$5,500.00
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 25,611,121 Ordinary shares 7,000,000 Options of 7.25 cents expiring 30/11/2011 4,200,000 Options of 11.87 cents expiring 30/11/2014 Nature of change Purchase on Market Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow Not applicable the trade to proceed during this period? If prior written clearance was provided, on what Not applicable date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011