MGX RESOURCES LIMITED — Major Shareholding Notification 2006

Oct 12, 2006

504 page 172 15.htty 2001

	Form 604 Corporations Act 2001 Section 6718
	Notice of change of interests of substantial holder
I.o. , Company Name/Scheme	Mount Gibson Iron Limited
ACN/ARSN	008 670 817
1. Details of substantial holder(1)
Name ACN/ARSN (IT applicable)	Sun Hung Kai Investment Services Limited (Accounts of Horest Opportunity Limited ("HJL") and New Fortress Investments Limited ("NFIL"))("SHKIS")
There was a change in the interests of the substantial holder on	10.40.706
The previous notice was given to the company on The previous notice was dated	31,05,06 31.415 / OS
2. Previous and present voting power
Flame af ean vitine lêt	The total number of votes attacted 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 instituted, and when now tequired, to give a substantial holding notice to the company of scheme, are as follows:

(b) assitings to assit	Previous notice		Present notice
	. Person's votes	Vatira power (5)	__ ressor s votes	Volting power (5)
		.	лс	TENNIS PROPERTY
_________		_________		--------------------------------------- _________

3. Changes in relevant interests

$\bar{z}$

Partculars 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 required to give

Date of спалое	Person where relevant interest changed	Nature of change (S)	Consideration given in relation. to change $(7)$	Class and manaer of securities affected	Person's votes affected
10/10/06	SHKIS -----------	On market.	See Annexure	200	HО
		purchase		QΟC
	.				_________

4. Present relevant interests

ï

Patticulars of each relevent interest of the substantial holder in yoting securities after the change are as follows:

$\bar{\beta}$

Hokier of rglevant interest	Ragistered holder of Securities	Person entitled to be redistaned 24 holder 网	Nature of relevant Interest (5)	Class and BUILDING OF securitios	Person's votes.
. SHKIS	SHK⊺S		As custodian for 16,681,298 16,681,298
CHMTC	SIKIS	NFTI	三郎 As custodian for 31,691,890 31,691,899 NFII

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 (8) with, the substantial holder in relation to varing
Interests in the company or scheme are as fo Name and ACN/ARSN of applicable) Nature of association 6. Accresse The addresses of persons nerred in this form are as follows: Name Address SHKTS 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 Director of New Fortness Kong Mik Yin print remecapacity Investments Limited cate 10 / 10 / 2006 sign here DIRECTION 目 If there are a number of substantial holders with similar or related roldvant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexura to the form. If the relevant interests of a group of persons are easentially 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 fem Ø See the definition of "associate" in section 9 of the Corporations Act 2001. Ø. See the definition of "relevant Interest" in sections 606 and 6718(7) of the Corporations Act 2001. $|4\rangle$ The voting shares of a company constitute one class unless divided into separate classes. 酆 The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. 禍 include details of: 刨 any relevent syreement of other circumstances because of which the change in relevant interest occurred. If subsection 571B(4) spoiles, a copy of any ery needown, systems of any relayant agreement, and a statement by the person giving full and accurate details of any very with which were with a decorate of any contract, scheme or
arrangement, must accompany this form, t 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 dearly the O) See the definition of "relevant agreement" in section 9 of the Corporations Art 2001. 仍 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 contitional on the happening or rox of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in raisclen to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. 3) If the substantial holder is unable to determine the identity of the person (og. If the relevant interest arises because of an option) write "unknown". 僚 Give details. If appropriate, of the present association and any change in that association since the last substantial holding notice.

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 and New Fortress Investments Limited ("NFIL"))

	Date of acquisition	Class of securities	Number of securities	Cost and expenses (AUD)
NFIL	01/06/2006	Ordinary	32,804	29,270.56
NFIL	02/06/2006	Ordinary	477.896	424,786.76
NFIL	05/06/2006	Ordinary	169,093	150,267.50
NFIL	06/06/2006	Ordinary	730,227	637,345.95
		Total	1,410,020	1,241,670.77

Signature

Print Name:	Kong Muk Yin	Capacity:	Director of New Fortress Investments Limited
Sign Here		Date:	10.10.2006

$\sim 10^7$