GRANGE RESOURCES LIMITED. — Earnings Release 2014

Feb 26, 2015

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Appendix 4E

Preliminary final report

Name of entity

GRANGE RESOURCES LIMITED

ABN

80 009 132 405

Details of the reporting period and the previous corresponding period

Current Reporting Period The 12 month financial year ending 31 December 2014 Comparative Reporting Period The 12 month financial year ending 31 December 2013 (restated)

Results for announcement to the market

				12 months to		12 months to
			31	December 2013		31 December 2014
				(Restated)
				$’000		$’000
Revenues from ordinary activities	Up	5%	from	281,072	to	297,155
Profit / (loss) from ordinary activities after	Down	505%	from	21,830	to	(110,164)
tax
Profit / (loss) from ordinary activities after	Down	505%	from	21,830	to	(110,164)
tax attributable to members
Profit / (loss) for the period attributable to	Down	505%	from	21,830	to	(110,164)
members

Dividend information

	Payment	Amount	Franked Amount
	Date	per share (Cents)	per share (Cents)
Final dividend per share (unfranked)		1.0 cent	-
Total dividends per share for the year		1.0 cent	-
Final dividend dates
Ex-dividend date	13 March 2015
Record date	17 March 2015
Payment date	2 April 2015

The final dividend was declared NIL conduit foreign income. The Company does not operate a dividend or distribution reinvestment plan.

31 December 2013 (Restated)

31 December 2014

Net tangible asset backing per ordinary security $0.58 $0.46

Details of entities over which control has been gained or lost during the period

Not applicable

Details of any dividend or distribution reinvestment plans in operation and the last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan

Not applicable

Details of associates and joint venture entities

a) Details of associates

Not applicable

b) Details of material joint ventures

Name of unincorporated joint venture	Southdown Joint Venture
Ownership interest	70% economic interest

During the period the Company continued to look to sell at least a 30 per cent stake of Grange’s 70 per cent interest in the Southdown Magnetite Project.

For foreign entities, which set of accounting standards is used in compiling the report (e.g.

International Accounting Standards)

The financial report for the year ended 31 December 2014 has been prepared in accordance with Australian Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements.

A statement as to whether the report is based on accounts which have been audited or subject to review, are in the process of being audited or reviewed, or have not yet been audited or reviewed

This preliminary final report is based on accounts that have been audited by PricewaterhouseCoopers.

Additional Appendix 4E disclosure requirements can be found in the financial report for the year ended 31 December 2014.

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Daniel Tenardi Executive Committee Representative Perth, Western Australia 27 February 2015