IGO LIMITED — Major Shareholding Notification 2011

May 1, 2011

==> picture [314 x 86] intentionally omitted <==

2 May 2011

The Manager Company Announcements Office ASX Limited

Dear Sir / Madam

Takeover bid for Jabiru Metals Limited Distribution schedule and 20 largest holders

The takeover bid by Independence Group NL for all the ordinary shares in Jabiru Metals Limited closed at 5:00pm (AWST) on 29 April 2011.

Attached is the notice required by ASX Listing Rule 3.4.1.

Yours faithfully

==> picture [129 x 35] intentionally omitted <==

Kelly Ross Company Secretary

==> picture [416 x 20] intentionally omitted <==

Independence Group NL ABN 46 092 786 304

Company notice – ASX Listing Rule 3.4.1

Distribution schedule and 20 largest holders

To: ASX Limited

Distribution of holders of Independence Group NL

	Number of holders	Number of securities
1 - 1,000	2,776	1,344,674
1,001 – 5,000	3,346	8,428,492
5,001 – 10,000	836	6,123,679
10,001 - 100,000	882	22,297,611
100,001 and over	103	160,563,419
Total	7,943	198,757,875

Names of, and percentages held by, the 20 largest holders of Independence Group NL

	Name	No. of	Percentage
		securities	held
		held	%
1	JP Morgan Nominees Australia	39,972,766	20.11
2	National Nominees Limited	30,210,438	15.20
3	HSBC Custody Nominees	26,653,836	13.41
4	Citicorp Nominees Pty Limited	14,369,621	7.23
5	Metals X Limited	6,558,571	3.30
6	Cogent Nominees Pty Limited	5,782,083	2.91

page 2

I.8537012

	Name	No. of	Percentage
		securities	held
		held	%
7	Forty Traders Limited	3,153,082	1.59
8	RBC Dexia Investor Services	2,937,120	1.48
9	UBS Nominees Pty Ltd	2,773,546	1.40
10	Warbont Nominees Pty Ltd	1,480,421	0.74
11	AMP Life Limited	1,338,316	0.67
12	Legend Mining Limited	1,066,667	0.54
13	Bonwick Superannuation Pty Ltd	1,050,000	0.53
14	Virtual Genius Pty Ltd	1,000,000	0.50
15	Nattai Pty Ltd	916,000	0.46
16	Perth Select Seafoods Pty Ltd	906,250	0.46
17	Yarandi Investments Pty Ltd	876,942	0.44
18	Ron Medich Properties Pty Ltd	850,000	0.43
19	Ms Karen Alana Schiller	757,300	0.38
20	Mr Jeffrey Schiller	750,000	0.38

page 3

I.8537012