GRANGE RESOURCES LIMITED. — Major Shareholding Notification 2012

Mar 28, 2012

FORM 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Grange Resources Limited To Company Name/Scheme

ACN/ARSN

009 132 405

1. Details of substantial holder (1)

RGL Holdings Ltd (RGL) and each of the entities and persons set out in Annexure A Name (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 company on:

The previous notice was dated:

07/03/2012

26/03/2012

07/03/2012

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:

Class of securities (4)	Previous Notice		Present Notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	762,460,093	66.05%	751,852,810	65.13%

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 the 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
From March 5 2012 through to 26 March 2012	RGL and Associates	On market sale of 12,824,613 ordinary shares	A\$7,981,288.29	ORD

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
RGL and Associates	RGL Holdings Ltd	RGL Holdings Ltd	Relevant interests under sub section $608(1)$ of the Corporations Act 2001 (Cwth)	ORD 132,092,015	132,092,015
RGL and Associates	Shagang International Holdings Ltd	Shagang International Holdings Ltd	Relevant interests under sub section $608(1)$ of the Corporations Act 2001 (Cwth)	ORD 232,575,639	232,575,639
RGL and Associates	Shagang International (Australia) Pty Ltd	Shagang International (Australia) Pty Ltd	Relevant interests under sub section $608(1)$ of the Corporations Act 2001 (Cwth)	ORD 305,375,639	305,375,639
RGL and Associates	Pacific International Co Pty Ltd	Pacific International Co Pty Ltd	Relevant interests under sub section $608(1)$ of the Corporations Act 2001 (Cwth)	ORD 90,385,520	90,385,520
RGL and Associates	Ever Lucky Developments Limited	Ever Lucky Developments Limited	Relevant interests under sub section $608(1)$ of the Corporations Act 2001 (Cwth)	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:

1 Name and ACN/ARSN	Nature of association

6. Associates

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

Name and ACN/ARSN	Nature of association
RGL and Associates	Shagang, RGL Holdings Co. Ltd and Pacific International Pty 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."

7. Addresses

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

Name	Address
RGL Holdings Ltd	23/F, New Poly Plaza, No. 1 North Chaoyangmen Street, Dongcheng District, Beijing, People's Republic of China
Shagang	Jinfeng Town, Zhangjiagang City, Jiangsu Province in the People's Republic of China (Post code 215526)
Pacific International Co Pty Ltd	c/o PriceWaterhouseCoopers Mr. Bruce Ellis, 2 Southbank Boulevard, Southbank VIC 3006, Australia

Signature

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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 26 March 2012

Signature: Mr You Zhenhua Name:

Associates of Shagang International Holdings Ltd.

Evergain International Corporation

Ever Lucky Development Limited

Fayuan Steel Burden Trade Co., Ltd

Hade Union (Zhangjiagang City) Petrochemical Industry Co., Ltd

Hongrun Real Estate Development Co., Ltd Iron-making of Jiangsu Shagang Group Co., Ltd

Jiangsu Runzhong High-tech Corporation

Zhangjiagang City Shagang Copper Co., Ltd

Zhangjiagang City Yong'an Steel Co., Ltd

Zhangjiagang East Gas-making Corporation

Zhangjiagang Haili-wharf Co., Ltd

Zhangjiagang Hengchang Neotype Tignum Co., Ltd

Zhangjiagang Hengchang Precision milling Co., Ltd

Zhangjiagang Hengle Neotype Tignum Co., Ltd

Jiangsu Shagang Group Co., Ltd

Jiangsu Shagang Group Huaigang Special Steel Co., Ltd

Jiangsu Shagang Group Xinrui Special Steel Co., Ltd

Jiangsu Shagang Group Zhangjiagang Kaihua Press Co., Ltd

Jiangsu Shagang International Trade Co., Ltd

Jiangsu Yong Steel Group Co., Ltd

Jiangyin City Runde Assets Co., Ltd

Zhangjiagang Hongchang Gas-making Co., Ltd

Zhangjiagang Hongchang High-speed Wire Co., Ltd

Zhangjiagang Hongchang Pelletzing Co., Ltd

Zhangjiagang Hongchang Ship-tearing Co., Ltd

Zhangjiagang Hongchang Steel-bar Co., Ltd

Zhangjiagang Hongchang Steel-plate Co., Ltd

Zhangjiagang Hongfa Steel-making Co., Ltd

Zhangjiagang Hongxing High-speed Wire

Jinde Trade Co., Ltd

Qianyuan Metal Trade Co., Ltd

Rongde Trade Co., Ltd

Runyuan Stainless Steel Co., Ltd

Shagang (Singapore) Pte Ltd

Shagang Group Living-service Co., Ltd

Contractor

Co., Ltd

Zhangjiagang Huasha Auto-development 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

Shagang International (Hong Kong) Co. Ltd.

Shagang International Holdings Ltd.

Zhangjiagang Rongde Stainless-steel Product Co., Ltd

Zhangjiagang Rongsheng Steel-making Co., Ltd

Zhangjiagang Runzhong Steel Co., Ltd

Shagang International (Australia) Pty Ltd

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

Zhangjiagang Sanhe-Shagang Hightemperature Technology Co., Ltd

Zhangjiagang Shagang Tongxin Galvanized steel Co., Ltd

Shagang SouthAsia (Hong Kong) Trading Co., Ltd

Shajing International Trade Co., Ltd

Mr Wenrong Shen

Zhangjiagang City Hongda Transportion Co., Ltd

Zhangjiagang City Huadong Scrap steel Trade Co., Ltd

Zhangjiagang City Pharmaceutical Factory

Zhangjiagang City Scrap Steel Processing & Supplying Company

Zhangjiagang 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 Xingrong Iron-making Co., Ltd

Zhangjiagang Yongxin Steel Co., Ltd

Associates of RGL Holdings Co Ltd.

Alasan Meng Huaxi Trading Co., Ltd.

Alasan Meng Jinganglian Co., Ltd.

Alasan Meng RGL Industry Development Co., Ltd.

Beijing RGL Science Development Co., Ltd.

Fujian RGL Trading Co., Ltd.

Fuzhou RL Steel Co., Ltd.

Fuzhou RL Trading Co., Ltd.

Jiaozuo Ruiwang Industry Co., Ltd.

RGL International Co., Ltd

Shanghai Jingxi Industry Co., Ltd.

Shanghai Ruixilian Industry Co., Ltd.

Shanghai Ruixilian Trading Co., Ltd.

Shanghai Ruiyelian Industry Co., Ltd.

Shenzhen RGL Industry Co., Ltd.

Wuhan RGL Industry and Trade Co., Ltd.

Yiyang Yifeng Road and Bridge Development Co., Ltd.

RGL Group Co., Ltd

Mr Zhenhua You

Shanghai Huaxi Industry Co., Ltd.

Beijing RGL Metal Co., Ltd.

Associates of Pacific International Co Pty Ltd.

Acefair Pacific Limited

• Eastchoice Pacific Limited
• Fastlane Limousine Co. Limited

Mainway Resources Limited

Mineral Power Limited

Pacific International Business Limited

Pacific International Co. Pty Ltd

Pacific Minerals Investment Limited

Pacific Minerals Overseas Limited

Pacific Shipping Limited

Suzhou Metallurgical Resources (Hong Kong) Company Limited

Mr Cheung (Clement) Ko

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