MGX RESOURCES LIMITED — Major Shareholding Notification 2006

Dec 18, 2006

Partner

Our ref.

LAWYERS

Glibert + Tobin

2 Park Street
Sydney NSW 2000
Australia

GPO Box 3810 Sydney NSW 2001

T +61 2 9283 4000
F +61 2 9263 4111

DX 10348 SSE

www.gtlaw.com.au

19 December 2006

By fax | 5 pages

Company Announcements Platform To Australian Stock Exchange Limited Fax 1900 899 279

taving Launder.
T-NT2 9983 4552

$-374.1722509$

Consider Agrissor Company

Mount Gibson Iron Limited

. . . . . . . . . . . . . . . . . . .

Please find enclosed a Ferm 604 -- Notice of change of interests of substantial holder in relation to Mount Gibson from Limiter!

. ニュニーーーーー

Yours failibility Gilbert + Tobin

Rachel Launders Partner T +61 2 9263 4143 riaunders@gtaw.com.au

This facsimile is solely for the use of the addressee and may contain information which is confidential or privileged. If you receive this facsimile in error, please notify us immediately and we will arrange for its return at our expense.

Liability limited by a scheme approved under Professional Standards Legislation. 1128326_4.400

15 July 2001 664 Page 1/2

Form 604

Corporations Act 2004 Section 671B

Notice of change of interests of substantial holder

To	- Company Name/Schemo	- Mount Gibson fion Linited
	ACN/ARSN	-008 670 817

1. Details of substantial holder (1)

Shanghai Merchants "toidings Limited (SMHL) and the entities listed in Attachment A

ACN/ARSN (if applicable)

Name

There was a change in the interests of the $\,$ substantial holder or	∴8 December 2006 -
The provious notice was given to the company on	-11 December 2006 -
The provious notice was dated	11 December 2006

2. Previous and present 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 when last required, and witen now notice to the company of scheme, are as follows:

$\pm$ Class of securities (4).	F Previous notice + Person's votes	Present notice $\rightarrow$ Voting power (5)	Person's votes Voting power (5)
a Ordicary	- 11.43% $\approx$ 76,373.197 $\pm$	$-76,373,197$	$+10.42\%$

3. Changes in relevant interests

Particulars of sach change in, or change in the nature of, a refevant interest of the substantial holder or an associate in voting
securities of the company or scheme, since the substantial holder was last required to give company or scheme, the as follows.

Date or chenge	Person whose relevant interest. changed.	Nature of change (6)	Consideration. given in relation to change $(7)$	Class and number of securites artented	Person's votes affecied
18/12/06	Fortune Desire: ovestments. imited (Fortune Desire), Net Success: Investments Limited (Not) Success), SMHL, Profit Hisbour investmantal Limited and Mr. Yue Jia in (together, Profit) Harbour). Shougang Halding (Hong- Kong) Limited and Benefit Rich Fimiled (together) 'Benetit Rich)	Reduction in voting pawer. due io share 'ssuos by Mount Gibson Iror Limited	N/A	76,373,197 ordinary shares	76,373,197

604 Page 2/2 15 July 2001

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interes: (6)	Class and number of securities	Person's votes
Fortune Desire	Fortress New Investments Limited (NFIL)	Fortune Desire	Purchaser of shares under a conditional sale agreement 27 dated October 2006 (Sale Agreement)	31,691,899 ordinary shares	31.691,899
Fortune Desire	Honest Opportunity Limited (HOL)	Fortune Desire	Purchaser of shares under Sale the Agreement	16.681.298 ordinary shares	16.681,298
Net Success	Merrill Lynch (Australia) Nom.nees Ltd. (Merrill Lynch)	N/A	Controller of shares the (section 608(1)(b) and $(c)$ )	28.000.000 ordinary shares	28,000,000
SMHL	NFIL and HOL (in respect ٥ľ 48.373.197) and Merrill Lynch (in of respect 28 000 000)	Fortune Desire (in respect ot 48.373.1977	Controller of Fortune Des re and Net Success (Section 608(3)(b)	76.373.197 ordinary shares	76.373.197
Profit Harbour and Benefit Rich	NFIL and HOI. (in respect οf 48,373,197) and Merrill Lynch (in αf respect 28.000.000)	Fortune Desire (in respect of 48,373.197)	Each is а holder ٥f than more 20% αf SMHL. (Section 608(3)(a)	76,373,197 ordinary shares	76,373,197

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

$\sim$ Name and ACN/ARSN (if applicable)	. Nature of association
Nil	N/A

6. Addresses

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

Name	Address
All named persons	C/- Shanghai Merchants Holdings Limited, Rooms 2808-10, 28" Floor, 71 Des Voeux Road Central, Hong Kong

г

$\gg$ FAX100

604 Page 3/2 15 July 2001

Signature

print name	MICHAEL BOGUE	DIRECTOR capacity
sign here	VIVAVOL	date 19/12/06

604 GUIDE page 1/1 13 March 2000

Attachment A

This is attachment A of 1 page, referred to in the Form 604 - Notice of change of interests of substantial holder lodged by Shanghai Merchants Holdings Limited dated 19 December 2006 and signed by me.

.
. Digwe

Michael Bogue 19 December 2006 -

The substantial holders are the companies and individual noted in items 3 and 4 and the following subsidiaries of Shanghai Merchants Holdings Limited

Asia Cheer Trading Limited Sky Joy Management Limited Sino Chance Trading Limited Park Well International Group Limited First Landmark Limited Merchants (Hong Kong) Limited Rise Cheer Limited Chinaright Electronics Limited