RNS Number : 2721J
  Gippsland Limited
  01 December 2008
   


    Gippsland Limited ("the Company")

    ISSUE OF OPTIONS


    The Company announces that on 1 December 2008 it issued 17,000,000 unlisted options over new ordinary shares to a number of Directors
and Executives of the Company.  The options have been granted as follows at an exercise price of A$0.15 per share, exercisable on or before
31 May 2012.

 Name                 Options Granted  Total Options Held
 Robert John Telford        5,000,000           5,000,000
 John M Chisholm            3,000,000           3,000,000
 John SF Dunlop             2,000,000           2,000,000
 Jon Starink                2,000,000           2,000,000
 John D Kenny               1,000,000           1,000,000
 Rowan S Caren              1,000,000           1,000,000
 Steven JM Chadwick         2,000,000           2,000,000
 Ayman Ayyash               1,000,000           1,000,000


    For further information please contact:

    Jack Telford, Gippsland Limited                         +61 8 9340 6000
    Nandita Sahgal, Seymour Pierce Limited        +44 20 7107 8000



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