MGX RESOURCES LIMITED — Major Shareholding Notification 2020

Sep 27, 2020

FACSIMILE MESSAGE

To	: Company Announcements Office Australian Securities Exchange Limited		Fax No : $1300 135 638$
CC.	: Mr. David Stokes Mount Gibson Iron Limited		Fax No : $(61) 8 9485 2305$
	From : Twinnie Lau		Fax No : $(852)$ 2541 9133
Date	$\therefore$ 28 September 2020	Page(s)	(including this page) $\div$ 10

Dear Sirs,

Mount Gibson Iron Limited (ACN: 008 670 817)

Please find enclosed a Form 604 - Notice of change of interests of substantial holder dated 28 September 2020 in respect of the interests of APAC Resources Limited and its related bodies corporate ("APAC Group") in Mount Gibson Iron Limited (ASX: MGX).

The increase in the percentage of APAC Group's holding in Mount Gibson Iron Limited resulted from the issue of 17,141,362 fully paid ordinary shares to entities of the APAC Group by Mount Gibson Iron Limited on 24 September 2020 under the Dividend Reinvestment Plan for final dividend in respect of the financial year ended 30 June 2020 and on-market acquisitions of shares in Mount Gibson Iron Limited by an entity of the APAC Group in the period between 27 September 2019 and 8 July 2020.

Yours faithfully, For and on behalf of APAC RESOURCES LIMITED

Twinnie Lau Company Secretary

÷.

l.

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	APAC Resources Limited and its related bodies corporate, including the entities referred to in section 1 of Annexure A ("APAC Group")
ACN/ARSN (if applicable)	N/A
There was a change in the interests of the substantial holder on	24/09/2020
The previous notice was given to the company on	30/09/2019
The previous notice was dated	30/09/2019

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 when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	_________ Previous notice		__ Present notice
--------------------------------------	Person's votes ---------------------------------------	Voting power (5)	Person's votes	Voting cower (5)
	See	section 2 of Annexure A

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 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 (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
section 3 of Annexure A See

To:01300135638

$\overline{a}$

J.

l.

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	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
See section 4 of Annexure A

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 fo

Name and ACN/ARSN (if applicable)	-------------- Nature of association
	. See section 5 of Annexure A

6. Addresses

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

Name ---------------- --------------------------------------	Address
			See section 6 of Annexure A

Signature

print name	Lau Tung Ni		Company Secretary capacity ------------
sign here		der der Abbeite der Schleide besitzte vom gemeenten versten stattet, am der amaten gestammen und verschieden vor	28/09/2020 date i da masa kata sa masa na masa ng mga kata ng mga mga sa mga sa mga mga mga sa mga mga mga mga mga mga mga mga iliki di dikitati manana manana ya matsayin katika 1999 da wakati wa 1999. Wakati wa sensa ya mji wakati wa ku

$\ddot{\phantom{a}}$

DIRECTIONS

• 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 anne $(1)$ 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 "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.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $(a)$ 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.

• $(7)$ 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 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". $(8)$
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

$\sim$ $\lambda$ $\ddot{\phantom{a}}$

Annexure "A"

Form 604 Notice of Change of Interests of Substantial Holder

Mount Gibson Iron Limited ACN 008 670 817

This is Annexure "A" of 6 pages referred to in the Form 604 (Notice of Change of Interests of Substantial Holder), signed by me and dated 28 September 2020.

Signed: Lau Tung Ni

$\ddagger$ . Details of substantial holder

Substantial holder ("APAC Group")

APAC Resources Limited and its related bodies corporate, including the entities listed in the first column of the table in section 6 of this Annexure A ("APAC Group")

$\mathbf{2}$ Previous and present voting power

Class of securities (4) [ Previous notice.			Present notice
	I Person's votes Voting power (5) Person's Voting power (5)		votes
Fully paid ordinary shares ("Shares")	402.017.287	34.73% (based on 1,157,682,542 Shares on issue)	424,991,530	35.84% (based on 1,185,917,178 Shares on issue)

$\overline{\mathbf{3}}$ . Changes in relevant interests

Date of change	Person whose relevant interests changed	Nature of change (6) a de la composición de la composición de la composición de la composición de la composición de la composición En la composición de la composición de la composición de la composición de la composición de la composición de	Consideration 2020 given in relation to I number of the U votes affected. change $(7)$ is equal to $\sim$	Class and Company affected	Person's
27/09/2019	APAC Group	On-market acquisition of 68,767 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$51,504.32	68,767 Shares	68,767
01/10/2019	APAC Group	On-market acquisition of 77,454 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$58,009.62	77,454 Shares	77,454

$\mathbf{1}$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\$

$\mathcal{L}(\mathcal{A})$ and $\mathcal{L}(\mathcal{A})$ are $\mathcal{L}(\mathcal{A})$ . Then $\mathcal{L}(\mathcal{A})$

$\label{eq:2.1} \frac{1}{2} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \, \frac{1}{\sqrt{2}} \,$

Date of change	Person whose relevant interest changed	Nature of change (6) Alexandri	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected.
02/10/2019	APAC Group	On-market acquisition of 226,268 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$168,930.75	226,268 Shares	226,268
03/10/2019	APAC Group	On-market acquisition of 215,990 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$157,028.99	215,990 Shares	215,990
04/10/2019	APAC Group	On-market acquisition of 258,580 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$186,671.29	258,580 Shares	258,580
07/10/2019	APAC Group	On-market acquisition of 121,827 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited	A\$89,844.91	121,827 Shares	121,827
08/10/2019	APAC Group	On-market acquisition of 323,090 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$235,462.01	323,090 Shares	323,090
09/10/2019	APAC Group	On-market acquisition of 305,947 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$221,882.70	305,947 Shares	305,947
10/10/2019	APAC Group	On-market acquisition of 241,782 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$174,383.23	241,782 Shares	241,782
31/10/2019	APAC Group	On-market acquisition of 470,355 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$354,138.25	470,355 Shares	470,355

$\overline{2}$

$\mathcal{L}^{\text{max}}{\text{max}}$ and $\mathcal{L}^{\text{max}}{\text{max}}$

To:01300135638

$\mathcal{L}^{\text{max}}_{\text{max}}$

28/09/2020 16:04 #294 P.007/010

$\mathcal{L}(\mathcal{L})$ and $\mathcal{L}(\mathcal{L})$

$\mathcal{L}^{\text{max}}$ .

Date of change	Person whose relevant	Nature of change (6)	Consideration given in relation to	Class and number of	Person's votes affected
	interests changed		change $(7)$	securities effected
01/11/2019	APAC Group	On-market acquisition of 363,215 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$275,735.76	363,215 Shares	363,215
04/11/2019	APAC Group	On-market acquisition of 636,785 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$490,120.68	636,785 Shares	636,785
26/02/2020	APAC Group	On-market acquisition of 743,145 Shares in Mount Gibson fron Limited by APAC Resources Commodity Trading Limited.	A\$520,045.02	743.145 Shares	743,145
05/06/2020	APAC Group	On-market acquisition of 450,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$312,752.25	450,000 Shares	450,000
19/06/2020	APAC Group	On-market acquisition of 200,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$130,500.00	200,000 Shares	200,000
22/06/2020	APAC Group	On-market acquisition of 140,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$91,826.00	140,000 Shares	140,000
01/07/2020	APAC Group	Dilutive effect of the issuance of 2,545,900 Shares by Mount Gibson Iron Limited.	N/A	406,860,492 Shares	406,860,492
03/07/2020	APAC Group	On-market acquisition of 300,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$195,210.00	300,000 Shares	300,000

$\mathcal{L}^{\text{max}}{\text{max}}$ , where $\mathcal{L}^{\text{max}}{\text{max}}$

$\mathcal{L}^{\text{max}}_{\text{max}}$ .

$\mathcal{L}^{\text{max}}{\text{max}}$ , where $\mathcal{L}^{\text{max}}{\text{max}}$

$\sim 10^{11}$ km s $^{-1}$

$\sim 100$

Date of change	Person whose televant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
07/07/2020	APAC Group	On-market acquisition of 440,932 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$285,812.09	440,932 Shares	440,932
08/07/2020	APAC Group	On-market acquisition of 248,744 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$162,554.26	248,744 Shares	248,744
24/09/2020	APAC Group	Issue of 8,547,309 Shares to Fortune Desire Investments Limited by Mount Gibson Iron Limited under the Dividend Reinvestment Plan for final dividend in respect of the full financial year ended 30 June 2020.	Reinvestment of dividend at an issue price of A\$0.7138 per Share	8,547,309 Shares	8,547,309
24/09/2020	APAC Group	Issue of 8,144,085 Shares to APAC Resources Investments Limited by Mount Gibson Iron Limited under the Dividend Reinvestment Plan for final dividend in respect of the full financial year ended 30 June 2020.	Reinvestment of dividend at an issue price of A\$0.7138 per Share	8,144,085 Shares	8,144,085
24/09/2020	APAC Group	Issue of 449,968 Shares to APAC Resources Commodity Trading Limited by Mount Gibson Iron Limited under the Dividend Reinvestment Plan for final dividend in respect of the full financial year ended 30 June 2020.	Reinvestment of dividend at an issue price of A\$0.7138 per Share	449,968 Shares	449,968

$\overline{4}$

$\Delta \phi = 0.1$

$\label{eq:2.1} \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A}) = \mathcal{L}{\mathcal{A}}(\mathcal{A})$

$\mathcal{L}(\mathbf{q})$ and $\mathcal{L}(\mathbf{q})$

$\sim$

Date of change:	Frelevant interest and the changed .	Person whose : Nature of change (6) te u provincia de la provincia de la provincia de la provincia de la provincia de la provincia de la BAR BERTAHAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN DENGAN	Consideration: given in relation to $:$ change $(i)$ $\cdots$	Class and number of - securities. affected.	Person's votes affected a a shekara
24/09/2020	APAC Group	Dilutive effect of the issuance of 25,688,736 Shares by Mount Gibson Iron Limited (including 17,141,362 Shares issued to entities of the APAC Group).	N/A	424,991,530 Shares	424,991,530

$\overline{\mathbf{4}}$ . Present relevant interests

Holder of relevant interest.	Registered holder of securities de la constitución de la constitución de la constitución de la constitución de la constitución de la constituc La constitución de la constitución de la constitución de la constitución de la constitución de la constitución	Person - 2 entitled to be registered as $h$ older $(8)$	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
APAC Group	Sun Hung Kai Investment Services Ltd	Fortune Desire Investments Limited	Controller of shares within the meaning of section $608(1)(b)$ and (c) of the Corporations Act 2001 (Cth)	211.916,283 Shares	211,916,283
APAC Group	APAC Resources Investments Limited	APAC Resources Investments Limited	Holder of shares within the meaning of section 608(1)(a) of the Corporations Act 2001 (Cth)	201,919,034 Shares	201,919,034
APAC Group	Deutsche Bank AG, Singapore (as custodian)	APAC Resources Commodity Trading Limited	Controller of shares within the meaning of section 608(1)(b) and (c) of the Corporations Act 2001 (Cth)	11,156,213 Shares	11,156,213

$5.$ Changes in association

Name and ACN/ARSN (if applicable)	Nature of association
-N/A	N/A

6. Addresses

Name	Address
APAC Resources Limited	Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong
APAC Resources Investments Limited	C/- Room 2304, 23rd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong

$\mathcal{L}^{\text{max}}{\text{max}}$ . The $\mathcal{L}^{\text{max}}{\text{max}}$

$\sim 10^{11}$ km $^{-1}$

$\mathcal{L}^{\text{max}}{\text{max}}$ , where $\mathcal{L}^{\text{max}}{\text{max}}$

$\sim 10$

Karl Standard (Karl Standard) Name	しゅうき スパーティー yan ya shekara Address
Fortune Desire Investments Limited	As above
APAC Resources Commodity Trading Limited	As above
Accardo Investments Limited	As above
APAC Resources Asia Limited	As above
APAC Resources Assets Limited	As above
APAC Resources Beijing Limited	As above
APAC Resources China Limited	As above
APAC Resources Hong Kong Limited	As above
APAC Resources Investment Holding Limited	As above
APAC Resources Management Limited	As above
APAC Resources Mining Limited	As above
APAC Resources (Qingdao) Company Limited	As above
APAC Resources Shanghai Limited	As above
APAC Resources Strategic Holdings Limited	As above
APAC Resources Treasury Management Limited	As above
Asia Cheer Trading Limited	As above
First Landmark Limited	As above
Fortune Arm Limited	As above
Genuine Legend Limited	As above
Mount Sun Investments Limited	As above
Ruiyu (Shanghai) Investment Consulting Co., Ltd.	As above
Shanghai Merchants Holdings Limited	As above
Sino Chance Trading Limited	As above
Super Grand Investments Limited	As above
Ultimate Smart Holdings Limited	As above
Ultra Effort Limited	As above

$6\overline{6}$

$\sim 10^{11}$