IGO LIMITED — Major Shareholding Notification 2005

Aug 24, 2005

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INVESTMENT MANAGEMENT LTD

facsimile transmittal

To:	Company Announcements	Fax:	1900 999 279
From:	Errol Martis	Date:	25/08/2005
Re:	Form 604	Pages:	4 (including cover page)
CC:

Message:

Please find attached Form 604 being the notice of change of interests of substantial holder.

Kind Regards ៱៲៶៝៷ Errol Martis

$F_{\rm form}$ 604

Corporations Act 2001

Section 671B

Notice of change of Interests of substantial holder

To: Company Name/Scheme	Independence Group FPO
	46 092 786 304
ACN/ARSN

$\mathbf{1}$ Details of substantial holder (1)

Name	MIR Investment Management Limited ("MIR")
ACN (if applicable)	47 104 642 613
There was a change in the interests of the substantial holder on:	23/08/2005
The previous notice was given to the company
oh.	02/08/2005
The previous notice was dated	28/07/2005

$2.$ 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	Voung power (5)	Petron's votes	Voting power $(5)$
Ordinary	6.050.671	5.60%	7,338,080	6.79%

$\mathbf{3}$ . Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest or 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 relovant interest changed	Nature of ${\rm change}(6)$	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
23/08/2005	MIR	On market purchase of ordinary shares	\$1,995 484	1,287,409 ordinary shares	1.287.409 Ordinary shares

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 relist are d as holder O)	Nature of relevant inter ext (6)	Class and number of sccurrues	Person's votes
MIR	Those holders listed in Americ A	Those holders listed in Annanure A	MIR has the power exercise. w oг control the exercise of, a right to vote attached the tn securities	Ordinary 7333,080	7.338.080

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 (if applicable)	Nature of association
Not Applicable	Not Applicable

6. Addresses

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

	Address
DE DE TRIGODEF ASSESSED	capacity MANAGING DIRECTOR date 25/08/05
	Level 30, Aurora Place, 88 Phillip Street, Sydney, NSW 2000

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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Annexure A

Present Registered Holders are detailed below:

BNP Paribas Securities Services National Custodian Services UBS Nominees Pty Limited State Street Australia Limited JP Morgan Australia Limited

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