REEF CASINO TRUST — Director's Dealing 2006

Apr 4, 2006

5 April 2006

ASX Companies Announcement Office

Dear Sir/Madam

Appendix 3Y

Please find attached Appendix 3Y Change of Director's Interest Notices for Michael Issenberg and Kim Mooney.

The notice for Michael Issenberg is in relation to a recent purchase of 1,000 units. It also reflects his current unitholding in the Trust, bringing his 3Y information up to date. Unfortunately an Appendix 3Y was not completed for units purchased in May 2002.

Please note that Kim Mooney has not purchased or sold any units. The notice reflects his current unitholding in the Trust, bringing his 3Y information up to date. Unfortunately an Appendix 3Y was not completed for units purchased in April and May 2002.

Yours faithfully

$\mathcal{A}$ , $\sim$ $\sqrt{ }$

Alison Galligan Company Secretary

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	Reef Casino Trust
ABN	90 464 324 877

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	Michael Issenberg
Date of last notice	$31$ January 2002

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 / Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Issenberg has an interest in 1,000 unitsindirectly by ElizabethheldIssenberg(spouse) for his children.
Date of change	3 April 2006
No. of securities held prior to change	200,000 direct
Class	Ordinary
Number acquired	1,000 indirect
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3,360.00
No. of securities held after change	200,000 Direct1,000 Indirect

+ 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 trade
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------	-----------------

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

+ See chapter 19 for defined terms.

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	Reef Casino Trust
IABN	90 464 324 877

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	Kim Mooney
Date of last notice	31 January 2002

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 refevantinterest.
Date of change
No. of securities held prior to change	122,463
Class	Ordinary
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	122,463

+ See chapter 19 for defined terms.

Example: on-market trade, off-market trade, exercise of options, issue ofsecurities 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	Nil
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-eash, provide details andan estimated valuation
Interest after change

+ See chapter 19 for defined terms.