RNS Number:7035K
Gippsland Limited
19 October 2006


19 October 2006


GIPPSLAND LIMITED


Change in Significant Share Holding


Gippsland Ltd ("Gippsland") was notified on 13 October 2006, that on, 31 May
2006, Situate Pty Ltd obtained 4,922,900 Ordinary Shares via an on market
purchase, increasing Situate Pty Ltd and its associated entities' interest in
the issued share capital of Gippsland from 19,077,100 shares (representing
8.19%) to 24,000,000 shares (representing 10.3%).


The entities associated with Situate Pty Ltd are Taveroam Pty Ltd and Richard
Basil William Beale.


For further information please contact:


Jack Telford

Gippsland Limited

www.gippslandltd.com

Tel: +61 (0)8 93898611

jtelford@gippslandltd.com



Les Polden / Luke Cairns

Hoodless Brennan Plc

Tel: +44 (0)20 7538 1166

L.Polden@HBcorporate.com

L.Cairns@HBcorporate.com




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