STREAMPLAY STUDIO LIMITED — Director's Dealing 2005

Feb 21, 2005

Appendix 3Y

Change of Director's Interest Notice

22 February 2005

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	Robert John TELFORD
Date of last notice	13 January 2004

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	Direct Interest
Nature of indirect interest(including registered holder).	Being a Director of Eco International Pty LtdTelford RJ Telford RK Superannuation Fund
Date of change	21 January 2004
No. of securities held prior to change	13,788,124 Fully Paid Ordinary Shares6,658,280 Quoted Options
Number acquired	Nil
Number disposed	220,000 Fully Paid Ordinary Shares99,958 Options
Value/Consideration	$0.135 - Fully Paid Ordinary Shares$$0.080 - Options$
No. of securities held after change	13,568,124 Fully Paid Ordinary Shares6,558,322 Quoted Options
Nature of change	On-market trades