MGX RESOURCES LIMITED — Major Shareholding Notification 2003

Aug 25, 2003

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	MOUNT GIBSON IRON LIMITED
ACN/ARSN	008 670 817

1. Details of substantial holder(1)

Name						MIDWEST CORPORATION LTD (SUBJECT TO DEED OF COMPANY ARRANGEMENT)
ACN/ARSN (if applicable)	009 224 800

The holder ceased to be a substantial holder on	22 /08 /2003
The previous notice was given to the company on	--------------------------------------- 14 /08 / 2003
The previous notice was dated	14/08/2003

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
122/08/03	IMIDWEST CORP LT ION MARKET SALE \$318,287			ORD FULLY 0.89%
	SUBJECT TO DOCA NOF SHARES			PAID

2,255,618

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Bassa	- - - - - - - - . Nature of association
*********	-------------------------------------- .
	_________

4. Addresses

The addresses of persons named in this form are as follows:

-------------------------------------- Name	-------------------------------------- Address _________
AND HUGHES BRY ΑN ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	ŒΡ. INI) ∽ . $\overline{\phantom{a}}$
.ፕ ጥፔን SM	wı שיים סמ WEST ים ד . .

Signature

	print name BRYAN HUGHES	.			capacity JOINT & SEVERAL DEED
sign here			date	◎日−−	ADMINISTRATORS /2003