PEET LIMITED — Director's Dealing 2008

Mar 9, 2008

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
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	GRAEME SINCLAIR
Date of last notice	22 DECEMBER 2006

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	INDIRECT
Nature of indirect interest	NAME OF HOLDER:
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Allombo Pty Ltd
Date of change	AS AT 10 MARCH 2008
No. of securities held prior to change	52,000 COMPRISING:
	41,000 Graeme Sinclair
	11,000 Allombo Pty Ltd
Class	ORDINARY SHARES
Number acquired	10,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$28,500
No. of securities held after change	62,000 COMPRISING:
	41,000 Graeme Sinclair
	21,000 Allombo Pty Ltd

+ See chapter 19 for defined terms.

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

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.