MGX RESOURCES LIMITED — Major Shareholding Notification 2006

Nov 9, 2006

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To., Company Name/Scheme	Mount Gibson Iron Limited
ACN/ARSN	008 670 817 .

1. Details of substantial holder(1)

Name		Sun Hung Kai Investment Services Limited (Accounts of Honest Opportunity
ACN/ARSN (if applicable)		[imited ("HOL") and New Fortress Investments Limited ("NFIL"))("SHKIS")
There was a change in the interests of the substantial holder on	.06.41.06.	*Pursuant to the Agreement for Sale and Purchase eritered into between HOL, NFIL ("HOL and NFIL as Vendors") and Fortune Desire Investments Limited (as Purchaser) on
The previous notice was given to the company on The previous notice was dated	10/10/06 $-10/10/06$	27/10/2006, 48,373,197 ordinary shares of Mount Gibson Iron Limited were disposed by the Vendors to the Purchaser (the "Disposal"). The Disposal will be completed on
2. Provious and present voting power		or before 7/2/2007.

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 when now r

Class of securities (4)	Previous notice	-- -	Present notice	--------------------------------------- .
	Person's votes	Voting power (5)	Person's votes!	Votina power (5)
.	לחו ΛQ	con ser		IF 19.
		---	.

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was lest required to give

Date of change	Person whose relevant interest changed	Nature of слапде (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
COLLE
	-

4. Present relevant interests

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

Holder of refevant interest	Registered colder of securities	Person entitled to be registered as holder (8)	Nature of relevant inte est (6)	Class and number of secur ties	Person's votes
SKIS.	SHKIS.	НŪ	As-custodian_for HOL
LSHKIS	SHKIS	NFTI.	lAs custodian for 31,691,899 31,691,899.

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 voling Interests in the company or scheme are as follows:

Name and table _________ . --------	والأكال لينكب فاستنقذت فالمتناقش للبار المتكاسب والمتبارين . --- --- --- Nature of asscciation
--- --
___ π	---

6 Addresses

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

Name	Address
SHKIS	Level 12, 1 Pacific Place, 88 Queensway, Hong Kong
HOL and NFIL	47/F., China Online Centre, 333 Lockhart Road, Wanchai, Hong Kong
Note :	HOL and NFIL are the indirect wholly-owned subsidiaries of COL Capital Limited.
	Therefore, NFIL is a fellow subsidiary of HOL.

Signature

print name	Kong Muk Yin	Director of New Fortress . н. Investments Limited capacity
sign here		sate $09 / 11 / 2006$
	F
	DIRECTIONS

• $(1)$ 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 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of frelevant 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.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $[6]$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any $\left( 3\right)$ 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 bower 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 interast 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.

$(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was accuired has, or may, become entitled to receive in relation to that acquisition. Details must be included oven 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 the relevant interest was acquired.

側 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".

(S) Give details, if appropriate, of the prosent association and any change in that association since the last substantial holding notice.

504 page 1/2 15 July 2001

Form 604
-----------------	--

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Mount Gibson Iron Limited
ACN/ARSN	008 670 817

1. Details of substantial holder(1)

Name			Sun Hung Kai Investment Services Limited (Accounts of Honest Opportunity Limited) ("HOL")
ACN/ARSN (if applicable)	("SHKIS")		Eutume Rise Investments Limited ("FRIL") and New Fortress Investments Limited ("NFIL")
There was a change in the interests of the substantial holder on		07/11/06	*Pursuant to the Agreement for Sale and Purchase entered into between HOL, NFIL ("HOL and NFIL as Vendors") and
The previous notice was given to the company on		09/11/06	Fortune Desire Investments Limited (as Purchaser) on
The previous notice was dated		09/11/06	27/10/2006, 48,373,197 ordinary shares of Mount Gibson
2. Previous and present voting power			Iron Limited were disposed by the Vendors to the Purchaser (the "Disposal"). The Disposal will be completed bn

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 reculred, and when now r

Class of securities (4)	------ Previous notice		Present notice
.	Person's votes	Voting power $(5)$	Person's votes	Voting power (5)
Ordinary __	48,373, .197	8.7864%	$\cdot$ 107 \pi 154,5/	9.9125%
				The Company of Company

3. Changes In relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was last reculred to give

Date of change	Person whose relevant Interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
7/11/06	SHKIS	Оn market	See Annexure	Ordinary פמל -681.	Н۲
		Purchase		Ordinary .891.899	NF U.
				Ordinary mn mn ᠊ᠣᢋᢦᢦᢦᡇᠷᡆᡉᠣ	FRII

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 hotder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and n⊔mber of securities	Person's votes
SHKIS	SHKIS	HOI	custodian for	16.6R1 29A
SHKIS	SHKIS	NFIL	custodian for		16,681,298
SHK IS	SHKIS	FRIL	45 'c ustodian for FRIt	6,000,000	.31,891,899 31,891,899 6,000,000

$\mathcal{A}$

604 page 2/2 15 July 2001

5. Changes in association

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

ALC: UNK Name and ACN/ARSN (if applicable) _	. Nature of association
	-----

6. Addresses

Signature

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

Name	Address
'SHKı.	1 Pacific Place, 88 Queensway, Hong Kong Level
-NFT and	, China Online Centre, 333 Lockhart Road, Wanchai, Hon g Kong
Note: FRIL and	$NFI$ are the indirect wholly conce existing as $\frac{1}{N}$ CM $\frac{1}{N}$ is the $N$ .

HOL, FRIL and NFIL are the indirect wholly-owned subsidiaries of COL Capital LImited. Therefore, NIFL is a fellow subsidary of HOL and FRIL.

print name Kong Muk Yin	Director of New Fortress Investments Limited capacity
sign here	date 09 / 11 / 2006
DIRECTIONS

If there are a number of substant al 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 arm $(1)$ throughout the form as a specifically named group if the mambership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the

• $(2)$ 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.
• $\left( 4\right)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6716(4) applies, a copy of any 间 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
• 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 (b) 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.

• 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 $\left( 7\right)$ 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 the relevant interest was acquired.
• 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". 佃)
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. (C

Annexure to item 3

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, Future Rise Investments Limited ("FRIL") and New Fortress Investments Limited ("NFIL"))

	Date of acquisition	Class of securities	Number of securities	Cost and expenses (AUD)
NFIL	07/11/2006	Ordinary	200,000	156,390.00
FRIL	07/11/2006	Ordinary	6,000,000	4,368,561.44 $\cdot$
		Total	6,200,000	4,524,951.44

Signature

Print Name:	Kong Muk Yin	Capacity:	Director of New Fortress Investments Limited
Sign Here		Date:	09.11.2006