MGX RESOURCES LIMITED — Director's Dealing 2020

Jun 25, 2020

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	11 June 2020

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 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 462,157,630 shares in APACResources Limited (“APAC”), representingapproximately 37.91% of the total issuedshare capital of APAC.On 19 June 2020 and 22 June 2020, APACacquired an additional relevant interest in200,000 (19 June) and 140,000 (22 June)ordinary shares in MGI, taking its totalrelevant interest to 406,860,492 ordinaryshares being 35.14 % of MGI’s shareholding.Accordingly, Mr. Lee has acquired anadditional deemed relevant interest in340,000 ordinary shares in MGI undersection 608(3) of the Corporations Act.
Date of change	19 June 2020 and 22 June 2020
No. of securities held prior to change	Deemed relevant interest in 406,520,492ordinary shares in MGI under section 608(3)ofthe CorporationsAct.
Class	Ordinary
Number acquired	Deemed relevant interest in 340,000 ordinaryshares in MGI under section 608(3) of theCorporations Act.
Number disposed	None
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	(a) 200,000 (19 June) - $0.6525 per share(b) 140,000 (22 June) - $0.6559 per share
No. of securities held after change	Deemed relevant interest in 406,860,492ordinary 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

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.

01/01/2011 Appendix 3Y Page 3