STREAMPLAY STUDIO LIMITED — Director's Dealing 2011

Aug 4, 2011

Appendix 3Y Change of Director’s Interest Notice

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	JOHN DUNLOP
Date of last notice	3 December 2008

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	Securities held by John S Dunlop Nominees Pty Ltd
(including registered holder)	. Mr Dunlop is a
Note: Provide details of the circumstances	beneficiary of the Super Fund.
giving rise to the relevant interest.
**Date of change **	1 August 2011
No. of securities held prior to	Unlisted Options exercisable at 15c by 31 May 2012
change	2,000,000
Class	Rights to acquire ordinary shares.
Number acquired	1,000,000
Number disposed/expired	-
Value/Consideration	$1,000
Note: If consideration is non-cash, provide
details and estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	No. of securities held after change	No. of securities held after change	IndirectRights to acquire Ordinary shares1,000,000Unlisted Options exercisable at 15c by 31 May 20122,000,000	IndirectRights to acquire Ordinary shares1,000,000Unlisted Options exercisable at 15c by 31 May 20122,000,000	IndirectRights to acquire Ordinary shares1,000,000Unlisted Options exercisable at 15c by 31 May 20122,000,000
NaturExampltrade,securitiplan, p	f h		Ok d
	e o cangee: on-marketexercise of	td ffkt	n-ma	ret trae
		rae, o-mareoptions issue of
	es under diviarticipation in bu	,dend reinvestment y-back
	2 – Change o	f director’s interests in co		ntracts
	the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should bed i hi

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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
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.

Appendix 3Y Page 2

01/01/2011