GRANGE RESOURCES LIMITED. — Director's Dealing 2003

Apr 29, 2003

Rule 3.19A.2 Rule 3.19A.2

Appendix 3Y Change 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	Grange Resources Limited
ABN	80 009 132 405

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	Hans-Rudolf Moser
Date of last notice	8 August 2002

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	Direct & Indirect Interest
Nature of indirect interest	ANZ Nominees Limited (H-R Moser beneficial owner -
(including registered holder)	held by ANZ Nominees Limited as bare trustee)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	11 March 2003
No. of securities held prior to change	3,000,000 Ordinary Fully Paid Shares
	750,000 12 Cent Options 30/6/07 Expiry
Class	Ordinary Fully Paid Shares
Number acquired	560,450
Number disposed	Nil
Value/Consideration	\$129,386.89
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	3,000,000 - Ordinary Fully Paid Shares
	Indirect Interest - ANZ Nominees Limited
	560,450 - Ordinary Fully Paid Shares
	Direct Interest
	750,000 - 12 Cent Options 30/6/07 Expiry
	Direct Interest - H-R Moser
Nature of change	On-market trades
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

⁺ See chapter 19 for defined terms.

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	NIA
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

⁺ See chapter 19 for defined terms.