The Reject Shop Limited : Change of Director`s Interest Notice

Appendix 3Y Change of Director’s Interest Notice

Appendix 3YChange of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity THE REJECT SHOP LIMITED

ABN 33 006 122 676

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	William J Stevens
Date of last notice	25 October 2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	SPOUSE
Date of change	30 May 2011
No. of securities held prior to change	2,500
Class	ORDINARY
Number acquired	500
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$11.99 Per Ordinary Share (on market purchase)
No. of securities held after change	3,000

+ See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3YChange of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Darren Briggs

Company Secretary

6 June 2011

+ See chapter 19 for defined terms.

Appendix 3Y Page 2