MGX RESOURCES LIMITED — Director's Dealing 2019

Sep 5, 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 5 September 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.

01/01/2011 Appendix 3Y Page 1

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 relevant interest.	This Appendix 3Y relates to ordinary shares in Mount Gibson Iron Limited (“MGI”) in which Mr. Lee is deemed to have acquired a relevant interest pursuant to section 608(3) of the Corporations Act. Mr. Lee is a trustee of The Lee and Lee Trust which owns approximately 74.95% (inclusive of Mr. Lee’s personal interests) of the shares in Allied Group Limited (“AGL”). Allied Properties Investments (1) Company Limited (“APICL”), an indirect subsidiary of AGL, owns 439,072,014 shares in APAC Resources Limited (“APAC”), representing approximately 36.02% of the total issued share capital of APAC. On 5 September 2019 APAC acquired an additional relevant interest in 1,060,000 ordinary shares in MGI, taking its total relevant interest to 376,164,676 ordinary shares being 33.29% of MGI’s shareholding. Accordingly Mr. Lee has acquired an additional deemed relevant interest in 1,060,000 ordinary shares in MGI under section 608(3) of the Corporations Act.
Date of change	5 September 2019
No. of securities held prior to change	Deemed relevant interest in 375,104,676 ordinary shares in MGI under section 608(3) of the Corporations Act.
Class	Ordinary
Number acquired	Deemed relevant interest in 1,060,000 ordinary shares in MGI under section 608(3) of the Corporations Act.
Number disposed	None
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.71111 per share
No. of securities held after change	Deemed relevant interest in 376,164,676 ordinary shares in MGI under section 608(3) of the Corporations Act.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change On market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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 above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3