PEET LIMITED — Director's Dealing 2007

Dec 6, 2007

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Enriching lives since 1895 Perth Asset Manager Level 7, 200 St Georges Terrace, Perth WA 6000 Land Syndicator PO Box 7224 Cloisters Square WA 6850 Fund Manager Telephone (08) 9420 1111 Facsimile (08) 9481 4712 www.peet.com.au Email perth@peet.com.au

6 December 2007

Australian Stock Exchange Limited Exchange Centre Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

APPENDIX 3Y – CHANGE OF DIRECTOR’S INTEREST NOTICE

Please find attached an Appendix 3Y in relation to a change in relevant interests of Mr Brendan Gore.

Yours sincerely PEET LIMITED

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DOM SCAFETTA COMPANY SECRETARY

Perth | Melbourne | Brisbane

Peet Limited | ACN 008 665 834 | Australian Financial Services Licence 225772 | Licensed Real Estate Agent in WA

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 30/9/2001.

Name of entity	PEET LIMITED
ABN	56 008 665 834

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	Brendan David Gore
Date of last notice	13 August 2007

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 or indirect interest	Direct	Direct	Direct
	Nature of indirect interest(including registered holde	r)
	Note: Provide details of the circumstainterest.	nces giving rise to the relevant
	Date of change		As	at 6 December 200	7
	No. of securities held prior	to change	17	0000 options issu	ed pursuant to the
				,
			Pe	et Employee Share	Option Plan.
	Cl		O	ti Odi	Sh
	ass		p	ons over rnary	ares
	Number acquired		1,2wit	00,000 Options issh the Peet Emplo	ued in accordanceyee Share Option
			Pla	n and approved	by shareholders at
			the	2007 Annual Gen	eral Meeting. Each
			Op	tion provides Mr G	ore with the option
			of	acquiring one or	inary share at an
			exsp	ercise price ofcified conditions b	$4.10, subject toeing met
					.
			Nil
	Number disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Each Option has an exercise price of valuation Note: If consideration is non-cash, provide details and estimated $4.10.

No. of securities held after change 1,370,000 Options Nature of change Issue of additional Options 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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002