MGX RESOURCES LIMITED — Major Shareholding Notification 2005

Aug 28, 2005

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NO 649 $P.1$

603 page 1/2 15 July 2001 :

			Form 603 Section 671B	Corporations Act 2001		c.
			Notice of initial substantial holder
	Io. Company Name/Scheme		Mount Gibson Iron Limited
ACN/ARSN			008 670 817
Name	1. Details of substantial holder (1) ACN/ARSN (If applicable)	imited	Sun Hung Kai Investment Services Limited (Accounts of Honest Opportunity and New Fortress Investments Limited ("NFI") ('HOL'')				'"Shkis"
	The holder became a substantial holder on		24 / 08 / 2005
	2. Details of voting power		The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
	Class of securities (4)		Number of securities	Person's votes (5)		Voting power (6)
	Ordinary		19,681,298	19,681,298		5.3378%
	3. Details of relevant interests
	holder are as follows: Holder of relevant interest		The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial Nature of relevant Interest (7)			Class and number of securities
	SHKIS		As custodian for HOL and			19,681,298 Ordinary Shares
	4. Details of present registered holders Holder of relevant interest		NFI The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Registered holder of securities	Person entitled to be registered as holder (8)		Class and number of securities
	SIKIS		SHKIS	HOL.		16,681,298 Ordinary Shares
5. Consideration	SHKIS substantial holder is as follows:		SHKIS . The consideration paid for each relevant interest referred to in paragraph 3 above, and acquirad in the four months prior to the day that the substantial holder became a	NΓI		3,000,000 Ordinary Shares
	Holder of relevant interest		Date of acquisition	Consideration (9) एवडा	Non-cash	Class and number of securities
	SHKIS		Please refer to the attached Schedule

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NO_:649 P.2

603 page 2/2 15 July 2001

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6. Associales	The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
	Name and ACN/ARSN (if applicable)	Nature of association
7. Addresses	The addresses of persons named in this form are as follows:
	Name	Address
	SKIS HOL and NFI	Level 12, 1 Pacific Place, 88 Queensway, Hong Kong 47/F., China Online Centre, 333 Lockhart Road, Wanchali, Hong Kong
		Note: HOL and NFI are the indirect wholly-owned subsidiaries of COL Capital Limited. Therefore, NFI
Signature		is a fellow subsidiary of HOL. Director of New Fortress
	Kong Muk Yin print name	Investments Limited capacity
	sign here	/2005 → 08 date $26$
		DIRECTIONS
(1)	form.	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the
12)	See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)	See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	interest m.	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant
(6)	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
0	include details of: (a)	any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	(b)	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(B)		۰ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9)	the relevant interest was acquired.	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom

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Annexure to item 5

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

Consideration Schedule

Holder of Relevant Interest: Sun Hung Kai Investment Services Limited (as custodian for Accounts of Honest Opportunity Limited
("HOL") and New Fortress Investments Limited ("NFI"))

	Date of acquisition	Class of securities	Number of securities	Cost and expenses (AUD)
HOL	03.11.2004	Ordinary	3,493,568	663,146,90
HOL	30.12.2004	Ordinary	12,000,000	2,927,295.99
HOL	01.08.2005	Ordinary	1,000,000	651,625,00
HOL	02.08.2005	Ordinary	187,730	123,270.56
NFI	24.08,2005	Ordinary	3,000,000	2,135,325.00

Signature

Print Name:	Kong Muk Yin	Capacity:	Director of New Fortress Investments Limited
Sign Here		Date:	26,08.2005