GIP Gippsland

RNS Number:9131M
Gippsland Limited
31 May 2005



31 May 2005

GIPPSLAND LIMITED

CHANGE IN HOLDINGS

Gippsland Limited ("Gippsland" or "the Company") was notified on 30 May 2005 by
Sandstone Securities Pty Ltd and King Town Holdings Pty Ltd of a change in their
shareholding in Gippsland, as set out below.

Name          Date of  Price   Nature of     Change in shareholding
Shareholder   Change           transaction

Sandstone     29 Sep   7.8     On market     Reduced from 6,100,000 shares, or
Securities    04       cents   sale          3.81% of the issued ordinary share
Pty Ltd                                      capital the Company to 5,950,000,
                                             or 3.65% of the issued ordinary
                                             share capital the Company

King Town     4 May    12      On market     Reduced from 6,500,000 shares, or
Holdings Pty  05       cents   sale          3.99% of the issued ordinary share
Ltd                                          capital the Company to 5,950,000,
                                             or 3.65% of the issued ordinary
                                             share capital the Company

Sandstone Securities Pty Ltd and King Town Holdings Pty Ltd are related
entities.

For further information contact:

RJ (Jack) Telford
Gippsland Limited
Tel: +61 (0)8 93898611
jtelford@gippslandltd.com
www.gippslandltd.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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