GRANGE RESOURCES LIMITED. — Major Shareholding Notification 2009

Dec 20, 2009

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Grange Resources Limited
ACN/ARSN	009 132 405
1. Details of substantial holder (1) Name	RGL Holdings Ltd (RGL) and each of the entities and persons set out in Annexure A (Associates)
Not applicable ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated	16/12/2009 23/09/2009 23/09/2009

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	686.077.278	65.5%	785, 877, 278	68.4% based on 1.149.097.776 ordinary shares on lissue at 16 December 2009

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes Affected
16/12/09	RGL and Associates	Issue of 99,800.000 pursuant a placement of shares at \$0.29 per share	\$28,942,000.00	ORD 99,800,000	99.800.000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
IRGL and Associates	Shagang International Holdinas Ltd	Shagang International Holdings Ltd	Relevant interest under subsections 608(1) of the Corporations Act 2001 (Cth)	ORD 465.151.278	465, 151, 278
RGL and Associates	Shagang International (Australia) Pty Ltd	Shagang International (Australia) Pty Ltd	Relevant interest under subsections 608(1) of the Corporations Act 2001 (Cth)	ORD 72,800,000	72,800,000
RGL and Associates	RGL Holdings Ltd	RGL Holdings Ltd	Relevant interest under subsections 608(1) of the Corporations Act 2001 (Cth)	ORD 155,509,200	155,509,200
RGL and Associates	Pacific International Co. Pty Ltd	Pacific International Co. Pty Ltd	Relevant interest under subsections 608(1) of the Corporations Act 2001 (Cth)	ORD 90,385,520	90,385,520
RGL and Associates	Ever Lucky Developments Limited	Ever Lucky Developments Limited	Relevant interest under subsections 608(1) of the Corporations Act 2001 (Cth)	ORD 2,031,280	2,031,280

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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

6. Addresses

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

Name	Address
Shagang	Jinfeng Town, Zhangjiagang City, Jiangsu Province in the People's Republic of China (Postcode 215626)
RGL Holdings Ltd	23/F. New Poly Plaza, No. 1 Northe Chaoyangmen Street, Dongcheng District, Beijing, People's Republic of China
Pacific International Co. Pty Ltd	Unit 2601, 26F Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong

Signature

print name	Mr. You Zhenhua	capacity	Director
sign here		date	18 12 2009
	DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trustee of an equity trust), the names could be included in an ann $(1)$ is clearly set out in paragraph 6 of the form.

• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement, and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, $(7)$ become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$

Annexure A

RGL Holdings Co. Ltd

This is Annexure A of 3 pages referred to in Form 604 "Notice of Change of Interests in Substantial Holder" signed by me and dated December 2009.

sign here

print name

Mr. You Zhenhua

Associates of Shagang International Holdings Ltd.

Zhangjiagang City Shagang Copper Evergain International Corporation Co., Ltd Zhangjiagang City Yong'an Steel Co., Ever Lucky Development Limited Ltd Zhangjiagang East Gas-making Corporation Fayuan Steel Burden Trade Co., Ltd Hade Union (Zhangjiagang City) Zhangjiagang Haili-wharf Co., Ltd Petrochemical Industry Co., Ltd Zhangjiagang Hengchang Neotype Hongrun Real Estate Development Co., Tignum Co., Ltd Ltd Zhangjiagang Hengchang Precision Iron-making of Jiangsu Shagang Group Co., Ltd milling Co., Ltd Jiangsu Runzhong High-tech Zhangjiagang Hengle Neotype Tignum Corporation Co., Ltd Zhangjiagang Hongchang Gas-making Jiangsu Shagang Group Co., Ltd Co., Ltd Jiangsu Shagang Group Huaigang Zhangjiagang Hongchang High-speed Special Steel Co., Ltd Wire Co., Ltd Jiangsu Shagang Group Xinrui Special Zhangjiagang Hongchang Pelletzing Steel Co., Ltd Co., Ltd Zhangjiagang Hongchang Ship-tearing Jiangsu Shagang Group Zhangjiagang Co., Ltd Kaihua Press Co., Ltd Zhangjiagang Hongchang Steel-bar Jiangsu Shagang International Trade Co., Ltd Co., Ltd Zhangjiagang Hongchang Steel-plate Co., Ltd Jiangsu Yong Steel Group Co., Ltd Jiangyin City Runde Assets Co., Ltd Zhangjiagang Hongfa Steel-making

Co,Ltd

Jinde Trade Co,Ltd VVⅡ e Co,Ltd

Qianyuan Metal Trade Co,Ltd deVeIopment Co,Ltd

Rongde Trade Co,Ltd Co,Ltd

Runyuan Stainless steeI Co;Ltd Ltd

Shagang(singapore)Pte Ltd Co,Ltd

shagang Group Living-senlice Co,Ltd Zhangjiagang Pushaˉ wharf Co,Ltd

Shagang lnternational(HOng Kong)C。 ZhangJagang Rongde StainIess-steel Ltd ProduCt Co,Ltd

Shagang Internationa丨 Ho丨 dings Ltd Co,Ltd

shagang lnternational(Australia)Pty Ltd

shagang0ccupauon~service&Human zhangjiagang sanhe-shagang Highˉ resource DeveIopment Co,Ltd temperature TeChnOIogy Co,Ltd

shagang SouthAsia(Hong K° ng) Trading Co,Ltd zhangjiagang Shajing steeI Co,Ltd

shaj∶ ng Interna刂 onal Trade Co,Ltd PIate Co,Ltd

zhangJagang C"y HOngda Transportion zhangjiagang Xiaosha Steel Co,Ltd Processing Co,Ltd

zhangjiagang CⅡ y Huadong scrap stee丨 zhangj∶ agang Xingrong Coated BOard Trade Co J Ltd Co,Ltd

zhangjiagang C"y Pharmaceuuca| zhangjiagang Xingrong lron-making Factory C° ,Ltd

zhangjiagang C"y SCrap SteeI Processing&supplying Company zhangjiagang YOngxin Steel Co,Ltd

AssoC:ates of RGL HoIdings CO Ltd.

Alasan Meng Huaxi Trading Co,Ltd RGL Internationa|Co,Ltd

ZhangJagang HOngxing High-speed

Zhangjiagang Huasha Auto-

zhan刨 iagang Huasheng Ironˉ making

zhangJagang Jingde stee卜 pIate Co,

zhangjiagang Posco stainless steeI

zhangJagang ROngsheng Stee卜 making

shagang Mining(Australia)Pty Ltd zhangjiagang Runzhong steel Co,Ltd

zhangjiagang Shagang TOngxin shagang Shipping Co,Ltd GalVanized-steel Co,Ltd

zhangjiagang ShaJng l/Vide&heavy

Mr Wenrong Shen zhangjiagang Shatai Stee丨 Co,Ltd

Alasan Meng Jinganglian Co., Ltd.	Shanghai Jingxi Industry Co., Ltd.
Alasan Meng RGL Industry Development Co., Ltd.	Shanghai Ruixilian Industry Co., Ltd.
Beijing RGL Science Development Co., Ltd.	Shanghai Ruixilian Trading Co., Ltd.
Fujian RGL Trading Co., Ltd.	Shanghai Ruiyelian Industry Co., Ltd.
Fuzhou RL Steel Co., Ltd.	Shenzhen RGL Industry Co., Ltd.
Fuzhou RL Trading Co., Ltd.	Wuhan RGL Industry and Trade Co., Ltd.
Jiaozuo Ruiwang Industry Co., Ltd.	Yiyang Yifeng Road and Bridge Development Co., Ltd.
RGL Group Co., Ltd	Shanghai Huaxi Industry Co., Ltd.
Mr Zhenhua You

Associates of Pacific International Co Pty Ltd.

Acefair Pacific Limited

Pacific Minerals Investment Limited

Eastchoice Pacific Limited

Ever Green Resources Co., Limited.(Formerly known as Shagang Mining Co., Ltd.)

Fastlane Limousine Co., Ltd. (Acefair Pacific Ltd. is 60% shareholder)

Mainway Resources Limited

Mineral Power Limited

Pacific International Business Limited

Pacific International Co., Pty Ltd.

Pacific Shipping Limited

Shanghai Pacific Minerals Limited

Suzhou Metallurgical Resources (Hong Kong) Company Limited

Mr Cheung (Clement) Ko