STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2004

Feb 9, 2004

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: jtelford@gippslandItd.com.au www.gippslanditd.com.au

9 February 2004

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

Dear Sir/Madam

20-DAY NOTICE OF INTENTION TO SEEK ADMISSION TO AIM

The Directors of Gippsland Limited ("Gippsland" or "the Company") advise that formal application has been made for the admission of the Company's securities ("Admission") to be traded on the London Stock Exchange's Alternative Investment Market ("AIM").

The Company's fully paid Ordinary Shares and Options are listed, and will continue to be listed on the Australian Stock Exchange Limited ("ASX") and the Company has made application for all of its issued Ordinary Share and its listed Options to be admitted to trading on AIM. It is anticipated that that Admission will take place on 8 March 2004.

An appendix providing further information in connection with the Company's proposed Admission has been submitted to AIM and released to the ASX.

Yours faithfully

RJ (Jack) Telford Executive Chairman