27 June 2008

PLACING OF SHARES

Gippsland Limited (ASX & AIM: "GIP") today announces that it has completed a placing of 12,655,553 million fully paid ordinary shares ("Placing Shares") to UK institutional investors at a price of 4.5 pence (approximately 9.35 Australian cents) per ordinary share to raise the sum of UK£569,500 (approximately A$1,172,515) before costs and expenses ("Placing"). The Placing was undertaken by the Company's joint UK brokers Seymour Pierce Limited and Fox-Davies Capital Limited.

The Placing Shares will rank pari passu with all existing fully paid ordinary shares in the Company. Application has been made for the Placing Shares to be admitted to trading on AIM and the Australian Stock Exchange with trading expected to commence on 1 July 2008. The total number of ordinary shares on issue following admission will be 306,354,325.

The funds raised under the Placing will be used for working capital purposes and for the further development of the Company's 40 million tonne Abu Dabbab tantalum-tin project.

RJ (Jack) Telford Executive Chairman Gippsland Limited www.gippslandltd.com

For further information please contact:

Jack Telford Gippsland Limited T: +61 8 9340 6000 E: [email protected]

Jane Stacey Richard Hail M: +44 792 292 3306 T: +44 20 7936 5200

Ed Portman John Gilbert M: +44 792 292 3307 T: +44 20 7936 5200

Warrick Hazeldine Nandita Sahgal Investor Relations Seymour Pierce Limited M: +61 417 944 616 T: +44 20 7107 8000

Matthew Thomas Asa Bridle Seymour Pierce Limited Seymour Pierce Limited T: +44 20 7107 8000 T: +44 20 7107 8000 E: [email protected] E: [email protected]

Investor Relations Fox-Davies Capital Limited E: [email protected] E: [email protected]

E: [email protected] E: [email protected]

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Gippsland Ltd
		ABN
		31 004 766 376
	We (the entity) give ASX the following information.
	Part 1 - All issues
1	+Class of +securities issued or to be issued		Ordinary shares
2	Number of +securities issued or to be issued (if known) or maximum numberwhich may be issued		12,655,553
3	Principal terms of the +securities (eg, if options, exercise price and expirydate; if partly paid +securities, the amount outstanding and due dates forpayment; if +convertible securities, the conversion price and dates forconversion)		Ordinary shares
4	Do the +securities rank equally in all respects from the date of allotment withan existing +class of quoted +securities?		Yes, ordinary shares.
	If the additional securities do not rank equally, please state:•the date from which they do•trust, distribution) or interest payment•next dividend, distribution or interest payment	the extent to which they participate for the next dividend, (in the case of athe extent to which they do not rank equally, other than in relation to the
5	Issue price or consideration		A$0.093 (£0.045)
6	Purpose of the issue (If issued as consideration for the acquisition of assets,clearly identify those assets)		Working Capital
7	certificates	Dates of entering +securities into uncertificated holdings or despatch of	3 July 2008
8	in clause 2 if applicable)	Number and +class of all +securities quoted on ASX (including the securities	Number306,354,325	+ClassORD
9	securities in clause 2 if applicable)	Number and +class of all +securities not quoted on ASX (including the	Number25,000,0004,000,000	+ClassOptions 13.5 cents,26/5/12Options 7 UK pence,15/12/11
10		Dividend policy (in the case of a trust, distribution policy) on the increased	N/A

capital (interests)

N/A

Part 2 - Bonus issue or pro rata issue – N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities (tick one)
(a) √ Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Quotation agreement

1 + Quotation of our additional + securities is in ASX's absolute discretion. ASX may quote the + securities on any conditions it decides.
2 We warrant the following to ASX.
- The issue of the + securities to be quoted complies with the law and is not for an illegal purpose.
- There is no reason why those + securities should not be granted + quotation.
- An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any + securities to be quoted and that no-one has any right to return any + securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the + securities be quoted.
If we are a trust, we warrant that no person has the right to return the + securities to be quoted under section 1019B of the Corporations Act at the time that we request that the + securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before + quotation of the + securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Dated: 26 June 2008

RJ Telford Executive Chairman Gippsland Limited

NOTICE GIVEN UNDER SECTION 708A(5) OF THE CORPORATIONS ACT

This notice is given by the Company under section 708A(5)(e) of the Corporations Act in relation to an issue of 500,000 fully paid ordinary shares by the Company without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this notice, the Company has complied with:

(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
(b) section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice, there is no information that:

(a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and
(b) investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
(i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and
(ii) the rights and liabilities attaching to fully paid ordinary shares,

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Dated: 26 June 2008

RJ Telford Executive Chairman Gippsland Limited

AI assistant

STREAMPLAY STUDIO LIMITED Capital/Financing Update 2008

65841_rns_2008-06-26_7439dfcb-5539-4da5-a1cf-1cf8c20a295e.pdf

PLACING OF SHARES

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement