STREAMPLAY STUDIO LIMITED — Board/Management Information 2005

Mar 2, 2005

Suite 34, 18 Stirling Highway, Nedlands WA 6009 PO Box 352, Nedlands WA 6909. Australia ABN 31 004 766 376 Tel: (08) 9389 8611 Fax: (08) 9389 8612 E-mail: itelford@gippslandltd.com.au www.gippslanditd.com.au

3 March 2005

Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Regulatory News Service London Stock Exchange Limited London EC2 1HP United Kingdom

Dear Madam/Sir

RE-APPOINTMENT of MENA REGIONAL MANAGER

The Directors of Gippsland Limited "(Gippsland" or "the Company") are pleased to announce the re-appointment of Mr Ayman Ayyash as Regional Manager - Middle East and North Africa ("MENA") for a further period of 3 years.

Mr Ayyash, who has dual Australian and Jordanian citizenship, is an Engineer with over twenty years work experience in Australia, USA, Kuwait, United Arab Emirates, Eavpt and Jordan in various industry sectors with a focus and emphasis on the construction, mining and infrastructure sectors.

His extensive marketing and management experience in the MENA Region accompanied with his engineering capabilities provides a strong background to assist in the development of the Company's 40Mt Abu Dabbab tantalum project whilst providing on-going support for Gippsland in the region.

As part of the employment contract, Mr Ayyash will be issued with 500,000 fully paid shares in Gippsland at Nil cost. These shares will be subject to a Company imposed trading restriction for a period of 12 months.

Yours sincerely

uped

RJ (Jack) Telford Executive Chairman