GRANGE RESOURCES LIMITED. — Major Shareholding Notification 2005

Mar 20, 2005

21 March 2005

The Manager Companies Section Australian Stock Exchange Limited Level 10, 20 Bond Street Sydney NSW 2000

By fax: 1900 999 279

Dear Sir

Grange Resources Limited

Please find attached a notice of ceasing to be a substantial holder (Form 605) pursuant to Section 671B of the Corporations Act.

The notice has been served on Grange Resources Limited.

Yours faithfully

Simon Storm Company Secretary

LinQ Capital Limited A.C.N. 098 197 258 Australian Financial Services Licence: 239785 Ground Floor, 24 Outram Street West Perth WA 6005 PO Box 1134, West Perth WA 6872 Telephone +61 8 9488 8888 Facsimile +61 8 9481 0666 Web: http://www.lingresources.com/site/

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Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

009 ACN/ARSN	132 405

1. Details of substantial holder(1)

Name	LING GROUP	$(ASH)$ Nominities $RT$ $L70)$
ACN/ARSN (if applicable)	455 667 107
The holder ceased to be a المسامي والمسارات المستوفي والمراري	16/3/05

substantial holder on	19 I J UJ
The previous notice was given to the company on	15 110 104
The previous notice was dated	15/10/04

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant Interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the
substantial holder was last required

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
$\sqrt{43}$ os	LINQ CAPITAL	MARKET SALE	738 \$2.759	ORO SHOPE
	டாற			i, SOO, 000	1,500.000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address

Signature

print name	SIMON STORM	ω S EC capacity
sign here		21'3'05 date