PEET LIMITED — Director's Dealing 2007

Jun 4, 2007

Enriching lives since 1895 Asset Manager Land Syndicator Fund Manager www.peet.com.au

Perth Level 7, 200 St Georges Terrace, Perth WA 6000 PO Box 7224 Cloisters Square WA 6850 Telephone (08) 9420 1111 Facsimile (08) 9481 4712 Email perth@peet.com.au

5 June 2007

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

Dear Sir / Madam

APPENDIX 3Y - CHANGE IN DIRECTOR'S INTEREST NOTICE

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

Yours sincerely PEET LIMITED

JA

DOM SCAFETTA COMPANY SECRETARY

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	PEET LIMITED
IABN	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	ANTHONY JAMES LENNON
Date of last notice	7 MAY 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 and INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	NAME OF HOLDER:Lex Talionis Pty LtdNATURE OF INTEREST:Shareholder of Lex Talionis Pty Ltd
Date of change	AS AT 5 JUNE 2007
No. of securities held prior to change	202,645 COMPRISING:200,000 Lex Talionis Pty Ltd2,645 Anthony James Lennon
Class	ORDINARY SHARES
Number acquired	37
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$155.03
No. of securities held after change	202,682, COMPRISING:200,000 Lex Talionis Pty Ltd2,682 Anthony James Lennon

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of DEFERRED EMPLOYEE SHAREsecurities under dividend reinvestment plan, participation in buy-back	ON MARKET ACQUISITION VIASCHEME

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.