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MAGONTEC LIMITED Major Shareholding Notification 2008

Apr 13, 2008

65327_rns_2008-04-13_03785108-fb4f-4e22-8d69-0cbaf2e7a00f.pdf

Major Shareholding Notification

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FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To: Company Name/Scheme ANM - Advanced Magnesium Limited

ACN/ARSN

010 441 666

1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 08-Apr-2008 substantial holder on The previous notice was given to the company on 15-May-2007 The previous notice was dated 15-May-2007

2. 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 Nature of Consideration given in Class and number of Person's votes
interest changed change relation to change securities affected affected
15-May-2007 to08-Apr-2008 Acorn Capital Limited Sale ($91,385.73) 2,041,721 2,041,721

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change 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) Name of Association

Print Name BARRY FAIRLEY Capacity Managing Director

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Date 14-Apr-2008

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