MGX RESOURCES LIMITED — Director's Dealing 2019

Oct 9, 2019

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Mount Gibson Iron Limited ABN 87 008 670 817

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Lee Seng Hui
Date of last notice	3 October 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest Indirect

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	This Appendix 3Y relates to ordinary sharesin Mount Gibson Iron Limited (“MGI”) inwhich Mr. Lee is deemed to have acquired arelevant interest pursuant to section 608(3) ofthe Corporations Act.Mr. Lee is a trustee of The Lee and Lee Trustwhich owns approximately 74.95%(inclusive of Mr. Lee’s personal interests) ofthe shares in Allied Group Limited (“AGL”).Allied Properties Investments (1) CompanyLimited (“APICL”), an indirect subsidiary ofAGL, owns 439,072,014 shares in APACResources Limited (“APAC”), representingapproximately 36.02% of the total issuedshare capital of APAC.On 3, 4, 7, 8 and 9 October 2019, APACacquired an additional relevant interest in215,990 (3 Oct), 258,580 (4 Oct), 121,827(7 Oct), 323,090 (8 Oct), and 305,947(9 Oct) ordinary shares in MGI, taking itstotal relevant interest to 403,615,210ordinary shares being 34.86% of MGI’sshareholding.Accordingly, Mr. Lee has acquired anadditional deemed relevant interest in1,225,434 ordinary shares in MGI undersection 608(3) of the Corporations Act.
Date of change	3, 4, 7, 8 and 9 October 2019
No. of securities held prior to change	Deemed relevant interest in 402,389,776ordinary shares in MGI under section 608(3)of the Corporations Act.
Class	Ordinary
Number acquired	Deemed relevant interest in 1,225,434ordinary shares in MGI under section 608(3)of the Corporations Act.
Number disposed	None
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	(a) 215,990 (3 Oct) - $0.7270 per share(b) 258,580 (4 Oct) - $0.7219 per share(c) 121,827 (7 Oct) - $0.7375 per share(d) 323,090 (8 Oct) - $0.7288 per share(e) 305,947 (9 Oct) - $0.7252 per share

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Deemed relevant interest in 403,615,210ordinary shares in MGI under section 608(3)of the Corporations Act.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trades

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior
written clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date	N/A
was this provided?

• See chapter 19 for defined terms.

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