MGX RESOURCES LIMITED — Director's Dealing 2020

Mar 1, 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	6 November 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 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 460,817,630 shares in APAC Resources Limited (“APAC”), representing approximately 37.80% of the total issued share capital of APAC. On 26 February 2020, APAC acquired an additional relevant interest in 743,145 ordinary shares in MGI, taking its total relevant interest to 406,070,492 ordinary shares being 35.08% of MGI’s shareholding. Accordingly, Mr. Lee has acquired an additional deemed relevant interest in 743,145 ordinary shares in MGI under section 608(3) of the Corporations Act.
Date of change	26 February 2020
No. of securities held prior to change	Deemed relevant interest in 405,327,347 ordinary shares in MGI under section 608(3) of the Corporations Act.
Class	Ordinary
Number acquired	Deemed relevant interest in 743,145 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	$0.6998 per share
No. of securities held after change	Deemed relevant interest in 406,070,492 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 Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

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