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STREAMPLAY STUDIO LIMITED Capital/Financing Update 2015

Jun 29, 2015

65841_rns_2015-06-29_a4248dec-4502-4f23-a243-c7013ea6cd19.pdf

Capital/Financing Update

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Suite 3, 11 Sheppard Way PO Box 2277 Marmion WA 6020 Marmion WA 6020 Australia Australia t: +61 8 6102 2609 e: [email protected] w: www.gippslandltd.com

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Gandel Metals Loan Extension

Release Date: 30 June 2015

Gippsland Ltd (ASX:GIP) (the Company) would like to advise that the repayment date of the loans provided by Gandel Metals Pty Ltd has been extended from 30 June, 2015 to 30 September, 2015.

Gandel Metals, a company associated with the Company’s major shareholder and former Chairman, Mr Ian Gandel has provided various loans to the Company since September 2013. The total amount outstanding is approximately $3.45 million including accrued interest. The loan extension is to provide additional time for the Company, Gandel Metals and Mr Ian Gandel to negotiate a possible agreement on an overall debt restructure and recapitalisation strategy.

The Company will provide further updates as new information comes to hand.

Michael Rosenstreich (Chairman) www.gippslandltd.com

T: +61 8 9340 6000

E: [email protected]