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STREAMPLAY STUDIO LIMITED Director's Dealing 2008

Jan 1, 2008

65841_rns_2008-01-01_2d1dafbb-3ba3-4645-8749-4746b54f5bf3.pdf

Director's Dealing

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Appendix 3Y

Change of Director's Interest Notice

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	21 January 2004

Part 1 - Change of director's relevant interests in securities

Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder).	Being a director and shareholder of Ventureworks JDK Pty Ltd
Date of change	31 December 2007
No. of securities held prior to change	2,250,000 Listed Options exercisable at A$0.09 by 31 Dec 2007
Class
Number acquired	2,250,000 Fully paid ordinary shares
Number disposed	2,250,000 Listed Options, converted
Value/Consideration	A$202,500 (A$0.09 per share)
No. of securities held after change	2,250,000 Fully paid ordinary shares
Nature of change	Exercise of Listed Options