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 Morrison CHISHOLM
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	Direct & Interest
Nature of indirect interest(including registered holder).	Being a Director of Mandu Pty LtdTrustee for Mandu Superannuation P/L
Date of change	17 March 2003
No. of securities held prior to change	50,000 Fully Paid Ordinary Shares2,250,000 Unquoted Options
Number acquired	2,250,000 Quoted Options
Number disposed	Nil
Value/Consideration	Nil
No. of securities held after change	50,000 Fully Paid Ordinary Shares2,250,000 Quoted Options2,250,000 Unquoted Options
Nature of change	Options granted to the Director pursuant to a Meetingof Members 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.

Detail of contract	N/A