UK Share Register Transfer

The Directors of Gippsland Limited ("Gippsland" or "the Company") provide herewith copies of correspondence being mailed today by Computershare Investor Services PLC ("Computershare"), to the Company's Depository Interest holders and shareholders ("Shareholders") holding securities via the London Stock Exchange AIM.

On completion of the transfer on 11 May 2009, the above Shareholders will be able to trade the Company's shares on ASX Limited via an Australian stockbroker or a London stockbroker having affiliations with an Australian stockbroker.

The Company's shares are currently suspended from trading on the ASX. The Directors are presently making arrangements to have this suspension lifted prior to the 11 May 2009.

RJ (Jack) Telford

Executive Chairman

Gippsland Limited

www.gippslandltd.com

6 April 2009

Our Ref: GC/ DI team

Dear Shareholder

Gippsland Limited ("Gippsland" or the "Company") - ISIN: AU000000GIP1

We, Computershare Investor Services PLC ("Computershare"), refer to the cancellation of the listing of Gippsland's fully paid ordinary shares ("Shares") from the London Stock Exchange AIM ("AIM").

Please kindly note that trading in Gippsland Shares on AIM ceased at the close of business on 20 March 2009, with cancellation of the Gippsland listing on AIM being effective at 7.00am on 23 March 2009.

Consequently we advise that with effect from 11 May 2009, Computershare will no longer act as Registrars for Gippsland. Computershare will transfer the United Kingdom branch Share register to Security Transfer Registrars Pty Ltd, where upon the existing Share certificates will cease to be valid. Holding statements will be issued and sent to Shareholders by Security Transfer Registrars confirming your holdings on the Company's Australian register.

Shareholders will be able to trade their Shares on the Australian share market using a broker that is registered to trade on the Australian Securities Exchange (ASX).