Major Shareholders

TOP TEN SHAREHOLDERS (as of 09 August 2010)

RANK	NAME	UNITS	% OF UNITS
1	BECAMAL PTY LTD	25,643,142	16.85
2	ECARLATE PTY LTD	18,342,608	12.06
3	JADE SECURITIES PTY LTD <BEK UNIT A/C>	10,671,055	7.01
4	AMP LIFE LIMTTED	8,419,967	5.53
5	COROSTAR PTY LTD <THE CAMPBELL SMITH A/C>	3,919,116	2.58
6	J P MORGAN NOMINEES AUSTRALIA LIMITED	3,515,745	2.31
7	VENTURIN NOMINEES PTY LIMITED	2,996,337	1.97
8	MR STEPHEN HARRY JONES	1,927,950	1.27
9	PACIFIC TUG PTY LTD <THE KYTHERA UNIT A/C>	1,698,984	1.12
10	EDWARDS INVESTMENTS AUSTRALIA PTY LTD	1,401,975	0.92
Totals: Top 10 Holders of FULLY PAID ORDINARY SHARES		78,536,879	51.62
Total Remaining Holders Balance		73,603,587	48.38

(Represents 51.62% of total shares on issue)

Galilee Energy Limited has 152,140,466 shares on issue as of 09 August 2010. Becamal Pty Ltd holds 16.85% of total shares on issue and is the company's largest shareholder.