STREAMPLAY STUDIO LIMITED — Director's Dealing 2011

Aug 21, 2011

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

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	JON STARINK
Date of last notice	10 August 2011

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Fully paid ordinary shares and Officer Options held byLazarus Foundation Pty Ltd ATF Rand Trust. Jon Starinkis a director of the Lazarus Foundation Pty Ltd and abeneficiary of the Rand Trust.
Date of change	17 August 2011
No.ofsecuritiesheldpriortochange	Ordinary shares300,000Rights to acquire Ordinary shares1,500,000Unlisted Options exercisable at 15c by 31 May 20122,000,000
Class	Ordinary shares.
Number acquired	1,500,000
Numberdisposed/expired/converted	‐

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non‐cash, providedetails and estimated valuation	$40,500
No. of securities held after change	Indirect
	Ordinary shares
	1,800,000
	Unlisted Options exercisable at 15c by 31 May 20122,000,000
Nature of change	Allotment of ordinary shares upon conversion of rights
Example:on‐markettrade,off‐market
trade,exerciseofoptions,issueof
securitiesunderdividendreinvestment
plan, participation in buy‐back

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.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note:Detailsareonlyrequiredfora
contract in relation to which the interest
has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non‐cash, provide
details and an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closedperiod where prior writtenclearance was required?
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

+ See chapter 19 for defined terms.