GRANGE RESOURCES LIMITED. — Major Shareholding Notification 2009

Jan 5, 2009

Fax

Notice of initial substantial holder in relation to Grange Resources Limited

	149 (including this one)
Company Announcements Office, ASX
Fax	1300 135 638

We attach copies of notices of initial substantial holders on behalf of Shagang International Holdings Limited, RGL Holdings Co. Ltd and Pacific International Co. Pty Ltd, in respect of their holdings in Grange Resources Limited.

If you are not the intended recipient:

• . please phone the sender immediately (reverse charges)
• you must not disclose or use the information

QV.1 Building 250 St Georges Terrace Perth WA 6000 Australia
Telephone +61 8 9211 7777 Facsimile +61 8 9211 7878 www.freehills.com

$\begin{array}{r} \mathsf{Form}~603 \ \mathsf{Corponians}~\mathsf{Act}~2001 \ \mathsf{Section}~6718 \end{array}$

Notice of initial substantial holder

To Company Name/Scheme	Grange Resources Limited (Grange)
ACIVARSN	009 132 405
1. Dotalla of substantial holder (1) Name	Shagang International Holdings Ltd (Shagang) and each of the entities and persons set out in Annexure A (Associates)
ACN/ARSN (if applicable)	Not applicable
The holder became a substantial holder on	2 January 2009

1. Dotalls of voting power

The folal nomber of votes altached 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 on the date the substantial holder became a substantial holder are as follows.

Class of securities (4)	Number of securities	Person's votes (5)	Voung power (6)
lOrdinary	343.038.639	343,036,639	69,3%, based on 495,343,653 lordinary shares on issue as at 2 Uanuary 2009,

3. Datalls of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voling securities on the date the substantial holder became a substantial bolder are as follows:

	Nature of relevant interest (7)	Class and number of securities
Holder of relevant interest	Ralavant interast under subsections	343,038,639 folly paid ordinary shares
Shagang and Associates	608(1) (holder) of the Corporations Act 2001 (Cth). di dinam

1. Details of prosont registered holders
   The persons registered as holders of the securities rafemed to in paragraph 3 above are as follows:

	lizici buriler Mülefal 9 ihr Alt-Adeenahaa val ollen. Maar Maarten eren est en een een een een e
Holder of relevant interest	Registered holder of sacurilios	Person smilled lo be registered as holder (6)	Class and number af sacudios.
Shagang and Associates	Shagang International Holdings w	apribion ishotamayni posedud	232,575,639
Shagang and Associates	RGL Holdings Co. Ltd.	RGL Holdings Co. Ltd	69,404,600
Shagang and Associates	Pacific International Co. Ply Ltd	Racine International Co. Pty Ltd	41,042,750
Shagang and Associatos		Ever Lucky Davelopments Limited Ever Lucky Developments Limited 1.015.840

6. JAN. 2009 12:58 FREEHILLS PERTH

1. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and apquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant Interest	Date of ecoulsition		Consideration (5).
		Gash	Non-ceah
Shagang and Associates	12 January 2009.	The consideration is the transfer by Shagang, RGL Holdings Co. Ltd and (Pacific International Co. Pty Ltd of 100% of the total tasued capital of Evar Grean Resources Co. Ltd to Stango Resources Limited on the terms of the Share Sale Agreement and Merger Implementation S supremiA at he tached in the toos! and Annexure C respectively.	Agreement bolt dated 24 September	312.022.999 ordinary lshores'

1712574

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6. Associatos

The reasons the persons named in paragraph 3 above are essociates of the substantial holder ere as follows:

Name and ACN/ARSN (if applicable)	Nature of association
RGL Holdings Co. LId and Pacific International Co. Pty Ltd (ACN 133 383 265)	Shagang, RGL Holdings Co. Ltd and Pacific International Ply Ltd may in certain circumstances act jointly in respect of their investment where their interests are aligned, which means that they are deemed to be associates under section 12(2) of the Corporations Act 2001 (Clb).
Bodies corporate listed in Annexure A	Each of the bodies corporate and persons illsted in Annexure A is a related body corporate or controller of either Shagang, RGL Holdings Co. Ltd or Pacific. Intomational Pty Ltd, therefore they are associates under section 12(2) of the Corporations Act 2001 (Cth).

7. Addresses

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

Name	Address
Shagang	Uinfong Town, Zhangjiagang City, Jiangsu Province in the People's Republic of China (Posicode 215525)
RGL Holdings Co. Ltd	23/F, New Poly Plaza, No. 1 North Chaoyangmen Street, Dongcheng District, Belling In the People's Republic of China
Pacific International Co. Ply Ltd.	Unit 2102, 21F Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong

Signature

print name	Shen Bin	čapacity	Director
sign hora		date	January 2009 6 .

DIRECTIONS

it there are a number of substinctial holders with similar on related referent interests (eg. a comporation and its related compositions, or the manager and
Imstee of an aquity trust), discusses could be included in an ant $(1)$

• See the definition of "relevant interest" in sections 608 and 571B[7] of the Corporations Act 2004. $\langle 3 \rangle$
• The Voling shares of a company constitute one class unless divided into separate classes. $(4)$
• the lotal number of votes sitached to all the voling:sfrencs in the company or voling interests in the scheme (if any) that the person or an associate has a
  relevant interest in. $(5)$
• The person's vates divided by the lotal votes in the body corporate or scheme multiplied by 100. $(6)$
• $\langle 7 \rangle$ Include defails of:
• any relevant sgroement or other cloumatemess by which the relevant interest was acquired. If subsection 8718(4) applies, a copy of any
  document setting out the larms of any relevant sgreement, and a statement by the person (a)
• any qualitication of the power of a person to exercism control the exercise of, or influence the exercise of, the voltig powers of disposal of the
  securities to which the ratevant interest relates (incleating clearly the p $\left( 0\right)$

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

If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest adses because of an option) write "onknown," $(6)$

Sapthe delingion of "associate" in section 9 of the Corporations Act 2001. $(2)$

Details of the consideration hust include any and all benefils, moneys and other, that any person from whom a relevant fridoest was acquired has, or
may, become entitied to receive in relation to that scalasma. Details mus $\left( 9\right)$

$\sim$ $\sim$

1712574

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Annexure A

Shagang International Holdings Limited

This is Annexure A of I3 pages referred to in Form 603 *Notice of Initial Substantial Holder"
signed by me and dated __6_ January 2009.

sign here . . . . . .

print name Shan Bh/Director . . . . . . . . . . . . . . . . . . .

Associates of Shagang International Holdings Ltd.

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

6. JAN. $2009$ 13:00

Jinde Trade Co., Ltd.

Clanyuan Metal Trade Co., Ltd.

Roadde Trade Co., Ltd.

Runyuan Stainless Steel Co., Ltd.

Shagang (Singapore) Pte Ltd

Shagang Group Living-service Co., Ltd

Shagang International (Hong Kong) Co. Ltd.

Shagang International Holdings Ltd.

Shagang Mining (Australia) Ply Ltd

Shagang Occupation-service & Human resource Development Co., Ltd

Shagang Shipping Co., Ltd.

Shagang SouthAsia (Hong Kong) Trading Co., Ltd

Shajing International Trade Co., Ltd.

Mr Wenrong Shen

Zhangjjagang City Hongda Transportien Co. Ltd

Zhangjiagang City Huadong Scrap steel Trade Co., Ltd

Zhangjiagang Olty Phármáceutical Factory

Zhangjiagang City Scrap Steel Processing & Supplying Company

Associates of RGL Holdings Co Ltd.

Alasan Meng Huaxi Trading Co., Ltd.

Alasan Meng Jinganglian Co., Ltd.

Alasan Meng RGL Industry Development Co., Ltd.

÷,

Zhangjiagang Hongxing High-speed Wire Co., Ltd.

Zhangjiagang Huasha Autodevelopment Co., Ltd

Zhangjiagang Huasheng Iron-making Co. Ltd.

Zhangjiagang Jingde Steel-plate Co., Ltd

Zhangjiagang Posco Stainless Steel Co. Ltd

Zhangjiagang Pusha-wharf Co., Ltd.

Zhangjiagang Rongde Stainless-steel Product Co., Ltd

Zhangjiegang Rongsheng Steel-making Co., Ltd

Zhangjiagang Runzhong Steel Co., Ltd

Zhangjjagang Sanhe-Shagang Hightemperature Technology Co., Ltd

Zhangjiagang Shagang Tongxin Galvanized -steel Co., Ltd

Zhangliagang Shajing Steel Co., Ltd

Zhangjiagang Shajing Wide & heavy Plate Co., Ltd

Zhangjiagang Shatai Steel Co., Ltd.

Zhangjiagang Xiaosha Steel Processing Co., Ltd.

Zhangjiagang Xingrong Coated Board Co., Ltd

Zhangjiagang Xingreng Iron-making Co., Ltd

Zhangjiagang Yongxin Steel Co., Ltd.

RGL International Co., Ltd

Shanghai Jingxi Industry Co., Ltd.

Shanghai Rulxillan Industry Co., Ltd.

6. JAN. $2009$ 13:00

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FREEHILLS PERTH

NO. 2465 P. 8

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Beiling RGL Science Development Co., Ltd.	Shanghai Ruixilian Trading Co., Ltd.
Fujian RGL Trading Co., Ltd.	Sharighai 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 Rulwang 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	Paelfic Minerals Limited
Ever Green Resources Co Limited.(Formerly known as Shagang Mining Co., Ltd.)	Pacific Minerals Trading Limited
Fastiane Limousine Co., Ltd. (Acefair Pacific Ltd, is 60% shareholder)	Pacific Shipping Limited
Malnway Resources Limited	Shanghai Pacific Minerals Limited
Mineral Power Limited	Sezhou Matallurgical Resources (Hong Kong) Company Limited
Pacific International Business Limited	Mr Cheung (Clernent) Ko

Pacific International Co., Pty Ltd.

Annexure B

Shagang International Holdings Limited

This is Annexure B of 102 pages referred to in Form 603 'Notice of Initial Substantial Holder"
signed by me and dated _6__ January 2009.

The attached document is cartified as a true copy.

sign here
L

print name Shan Bin/Director

Agreement

Share Sale Agreement

Great Period Limited

Peak Scale Investments Limited

Pacific International Co. Pty Ltd

Stemcor Pellets Limited

Grange Resources Limited

Shagang International (Hong Kong) Co., Ltd

RGL International Co., Ltd

Stemcor Holdings Limited

QV.1 Building 250 St Georges Terrace Perth WA 6000 Australia Telephone +61 8 9211 7777 Facsimile +61 8 9211 7878
GPO Box U1942 Perth WA 6845 Australia

www.freehills.com DX 104 Perth

Sydney Melbourne Perth Brisbane Singapore

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5

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Contents

	Table of contents
	The agreement	1
	Operative part	3
	Definitions and interpretation	3
1.1 1.2 1.3 1.4 1.5 1.6	Agreement components Definitions Interpretation provisions Inclusive expressions Obligations and rights of Sellers Authority to act	15 16
	Conditions Precedent	16
2.1 2.2 2.3 2.4 2.5 2.6 2.7	$\begin{minipage}{0.5\textwidth} \centering \begin{tabular}{@{}c@{}} \textbf{Conditions} & \textbf{3.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \textbf{0.00011} & \$ Best endeavours Waiver of conditions precedent Consultation on failure of condition precedent Certain notices Cut Off Date No binding agreement for transfer	16
	Sale and purchase	20
3.1 3.2 3.3 3.4	Sale Shares Associated Rights Title and risk Consideration Shares	21
	Period before Completion
4.1 4.2 4,3 4.4 4.5 4.6 4.7 4,8 4,9	Access for Grange Access for Shagang Carrying on of Transaction Entities Business Carrying on of Grange Group Business Permitted acts Locked Box Parent Guarantees Seller Obligations Savage River SPA Consideration
	Termination	26
5.1 5.2 5.3	Termination by Grange Termination by the Sellers Automatic termination

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Contents

	5.4 5.5	Effect of termination No other right to terminate or rescind
6		Pre-Completion actions	27
	6.1	Board resolutions
7		Completion	28
	7.1 7.2 7.3 7.4 7.5 7.6 7.7	Time and Place Completion Sellers' obligations at Completion Grange's obligations at Completion Notice to complete Completion simultaneous Post Completion actions
8		Warranties and Indemnities	30
	8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8	Warranties by the Sellers and Ever Green Sellers Warranties by Grange Independent Warranties Reliance Indemnity for breach of Warranty Ever Green Sellers' Tax Indemnity Survival of representations Survival of indemnities
9		Qualifications and limitations on Claims	33
	9.1 9.2 9.3 9.4 9.5 9.6 9.7 9.8 9.9 9.10 9.11 9.12 9.13 9.14	Sellers' and Ever Green Sellers' liability Interpretation Disclosure No reliance Opinions, estimates and forecasts Maximum and minimum amounts Time limits ……………………………………………………………………………………………… Recovery under other rights and reimbursement No double claims . Mitigation of loss General limitations Limitations in relation to Tax Sole remedy Independent limitations
10		Procedures for dealing with Claims	39
	10.1 10.2 10.3	Notice of Claims Third Party Claims Tax Demands
11		Period after Completion	42
	11.1 11.2	Pre-Completion tax returns Treatment of Tax refunds
12	GST		45
	12.1 12.2 12.3 12.4	Definitions GST Tax invoices and adjustment notes Reimbursements

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Contents

	12.5 12.6	Information, returns and accounting to end GST Group Supplies between former members of the GST Group
13		Guarantee by Shagang Guarantor and RI Guarantor	47
	13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9	Guarantee and indemnity Extent of guarantee and indemnity Principal and independent obligation Continuing guarantee and indemnity Waiver of Rights No withholdings Currency Guarantor's Liability Restrictions on Guarantor's Dealings
14		Guarantee by Stemcor Guarantor	49
	14.1 14.2 14.3 14.4 14.5 14.6 14.7 14.8	Guarantee Extent of guarantee Principal and independent obligation Continuing guarantee No withholdings Currency Guarantor's Liability Termination of Guarantor's Liability
15		Escrow restrictions	50
	15.1 15.2 15.3 15.4	Restrictions during the Escrow Period Holding Lock Notice Consequences of breaching this clause 15
16		Duty, costs and expenses	51
	16.1	Stamp duty 16.2 Costs and expenses
17		Confidentiality	52
18	General		53
	18.3 18.4 18.5 18.6 18.7 18.8 18.9	18.1 No representation or reliance . 18.2 No merger Prohibition and enforceability Severability Consents Notices Service of process Governing law and jurisdiction Waivers 18.10 Variation 18.11 Assignment 18.12 Further action 18.13 Entire agreement 18.14 Counterparts	57
		Table of contents

Schedule 1

Contents

		Warranties	58
1		Definitions	58
2		Individual Seller Warranties	64
	2.1	No legal impediment
	2.2	Corporate Authorisations
	2.3	Power and capacity
	2.4	Incorporation
	2.5	Seller Group Members
	2.6	No trust……………………………………………………………………………………………
	2.7	Enforceability
	2.8	The Sale Shares
	2.9	Breach or default
	2.10 2.11	Solvency
		Shareholder Loan Agreements
3		Ever Green Warranties	67
	3.1	Breach or default
	3.2	Consents
	3.3	Shares and share capital
	3.4	Corporate matters
	3.5	Conduct of business
	3.6 3.7	Accounts
	3.8	Assets, liabilities and financing arrangements Contracts
	3.9	Real property and environmental
	3.10	Mining Tenements
	3.11	Intellectual property and confidential information
	3.12	Systems
	3.13	Employees
	3.14	Superannuation
	3.15	Legal proceedings
	3.16	Insurance
	3.17	Tax
	3.18	Disclosure
4		Grange Warranties	85
	4.1	No legal impediment
	4.2	Corporate Authorisations
	4.3	Power and capacity
	4.4	Incorporation
	4.5	Grange Group Members
	4.6	No trust
	4.7	Enforceability
	4.8	No material proceedings
	4.9 4.10	No threatened material proceedings
	4.11	No outstanding orders
	4.12	Undertakings Compliance with laws
	4.13	Authorisations
	4.14	Compliance with Authorisations
	4.15	Termination
	4.16	No revocations

Freehills

Contents

Ŷ,

4.17	No prejudice of Material Authorisations
4.18	Compliance
4.19	This agreement
4.20	Disclosure
4.21	Information provided
4.22	Tax paid
4.23	Provision in Accounts
4.24	Withholding tax
4.25	No capital gains tax relief
4.26	Records
4.27	Returns submitted
4.28	No Tax audit
4,29	No disputes
4.30	Franking credits
4.31	Stamping
4.32 4.33	No tainting GST
4.34	Contracts
4.35	Tax Invoices
	Schedule 2	91
91 Schedule of Capital
Ever Green
91
SMAPL

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Beviron Pty Ltd

Signing page

Goldamere Pty Ltd

Executed as an agreement

91

92

93

The agreement

Share Sale Agreement

Date $\blacktriangleright$

Between the parties
Sellers	Great Period Limited
	(soon to be named Shagang International Holdings Limited) registration number 1497243 of PO Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands
	(Shagang)
	Peak Scale Investments Limited
	(soon to be named RGL Holdings Co., Ltd) registration number 1497715 of PO Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands
	(RI)
	Pacific International Co. Pty Ltd
	ACN 133 363 265 of 60 Wilmot Street, Burnie, Tasmania
	(PI)
	Stemcor Pellets Limited
	registered no. 2188847 of Level 27, City Point, 1 Ropemaker Street, London, EC2 Y9ST, United Kingdom
	(Stemcor)
Grange	Grange Resources Limited
	ACN 009 132 405 of Level 11, 200 St Georges Terrace, Perth WA 6000
	(Grange)
Guarantors	Shagang International (Hong Kong) Co., Ltd
	registration number 1257375 of Unit 2902, 29/F, Far East Finance Centre, 16 Harcourt Road, Admiralty Hong Kong
	(Shagang Guarantor)
	RGL International Co., Ltd
	registration number 1273053 of 23/F, New Poly Plaza, No. 1 North Chaoyangmen Street, Dongcheng District, Beijing, in the People's

1. JAN. $2009$ 13:05

FREEHILLS PERTH

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The agreement

	Republic of China (RI Guarantor)
	Stemcor Holdings Limited registered no. 1038435 of Level 27, City Point, 1 Ropernaker Street, London, EC2 Y9ST, United Kingdom (Stemcor Guarantor)
	(together, the Guarantors)
Background	The Sellers own the Sale Shares. 1
	2 The Sellers have agreed to sell and Grange has agreed to buy the Sale Shares on the terms and conditions of this agreement.
	3 This agreement records the sale and purchase of the Sale Shares.
	The Shagang Guarantor has agreed to guarantee the obligations 4 of Shagang, the RI Guarantor has agreed to guarantee the obligations of RI under this agreement and the Stemcor Guarantor has agreed to guarantee the obligations of Stemcor under this agreement.
The parties agree	as set out in the operative part of this agreement, in consideration of, among other things, the mutual promises contained in this agreement.

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Freehills

Operative part

Definitions and interpretation $\mathbf{1}$

$1.1$ Agreement components

This agreement includes any schedule.

$1.2$ Definitions

In this agreement capitalised expressions have the meanings set out below. This agreement will be interpreted in accordance with clause 1.3.

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Term	Meaning
ABM	Goldamere Pty Ltd (a wholly owned subsidiary of Beviron Pty Ltd), a company trading under the name "Australian Bulk Minerals".
'Accounts Date	30 June 2008.
Approved Payments	any payment of the Fixed Consideration, the Head Agreement Consideration and the Deferred Consideration, as those terms are defined in the Savage River Sale and Purchase Agreement, required under the Savage River Sale and Purchase Agreement; and
	any repayment of all or part of the amount of the balance owing to Evergain International Corporation (Evergain) in respect of a prepayment by Evergain for iron ore pellet shipments which balance was stated as A\$21,237,186 as of 30 June 2008.
ASIC	the Australian Securities and Investments Commission.
ASX	the Australian Securities Exchange operated by ASX Limited (ACN 008 624 691).
Authorisation	any approval, licence, consent, authority, registration or permit.
Base Case Assumptions	the key valuation assumptions in respect of the Southdown Project in the agreed form.
Beviron Pty Ltd	Beviron Pty Ltd ACN 078 197 323.

Freehills

Term	Meaning
BNP Paribas Facility Drawdown	the drawdown of up to \$40 million under the Facility Agreement between Goldamere Pty Ltd and BNP Paribas (ABN 23 000 000 117) dated 12 June 2008.
Business Day	a day on which banks are open for business in Perth, other than a Saturday, Sunday or public holiday in Perth.
Business Records	all original and certified copies of the books, records, documents, information, accounts and data (whether machine readable or in printed form) owned by or relating to a Transaction Entity or the property of a Transaction Entity and any source material used to prepare them.
Claim	any claim, demand, legal proceedings or cause of action including any claim, demand, legal proceedings or cause of action:
	based in contract (including breach of warranty); 1
	based in tort (including misrepresentation or negligence); 2
	under common law; or 3
	under statute (including Part V or VI of the Trade Practices Act 1974 (Cth)), 4 or like provisions in any state or territory legislation,
	in any way relating to this agreement or the Transaction and includes a claim, demand, legal proceedings or cause of action arising from a breach of Warranty, under an indemnity in any Transaction Agreement.
Completion	completion of the sale and purchase of the Sale Shares under clause 7.
Completion Date	the date on which Completion occurs.
Confidentiality Agreement	the confidentiality agreement dated 24 December 2007 between Ever Green Resources Co., Ltd (formerly, Shagang Mining Company Limited (Hong Kong)) and Grange.
Consideration	Grange Issuing the Consideration Shares to the Sellers.
Consideration Shares	380,025,554 fully paid ordinary shares in Grange.
Consolidated Group	a Consolidated Group or a MEC group as those terms are defined in section 995-1 of the ITAA 1997.
Corporations Act	the Corporations Act 2001 (Cth).
Cut Off Date	(31 December 2008.