STREAMPLAY STUDIO LIMITED — Director's Dealing 2003

Mar 16, 2003

Appendix 3Y

Change of Director's Interest Notice

Name of entity	GIPPSLAND LIMITED
ABN	31 004 766 376

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	John D Kenny
Date of last notice	12 July 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 Interest
Nature of indirect interest (including registered holder).	Being the Sole Director and Sole Shareholder of VentureWorks JDK Pty Ltd
Date of change	14 March 2003
No. of securities held prior to change	2,250,000 Unquoted Options
Number acquired	2,250,000 Quoted Options
Number disposed	Nil
Value/Consideration	Nil
No. of securities held after change	2,250,000 Quoted Options 2,250,000 Unquoted Options
Nature of change	Options granted to a Director pursuant to General Meeting of Members held on 14 March 2003.

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.

N/A Detail of contract
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