GIP Gippsland

RNS Number:4985T
Gippsland Limited
02 November 2005



2 November 2005

GIPPSLAND LIMITED

CHANGE IN HOLDINGS

Gippsland Limited ("Gippsland" or "the Company") was notified today, 2 November
2005, by Sandstone Securities Pty Ltd and KingTown 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     10 Oct 05 prevailing On market    Reduced from 5,800,000 shares,
Securities             market     sale          or 3.26% of the issued ordinary
Pty Ltd                price                    share capital of the Company to
                                                5,370,000, or 3.02% of the
                                                issued ordinary share capital of
                                                the Company

King Town     7 Oct 05 prevailing On market     Reduced from 5,700,000 shares,
Holdings Pty           market     sale          or 3.21% of the issued ordinary
Ltd                    price                    share capital of the Company to
                                                5,480,000, or 3.08% of the
                                                issued ordinary share capital of
                                                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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