MGX RESOURCES LIMITED — Major Shareholding Notification 2021

Oct 6, 2021

22/F., Allied Kajima Building, 138 Gloucester Road, Hong Kong

Telephone: 2519 2288, 2519 2222 Fax: 2598 5518, 2598 0419

Allied Properties Investments (1) Company Limited

Fax No: 1300 135 638 To: Company Announcements Office Australian Securities Exchange Limited Fax No: (61) 8 9485 2305 $CC:$ Mr. David Stokes Mount Gibson Iron Limited

From: Kelvin Lam Director

7 October 2021

Dear Sir / Madam

Mount Gibson Iron Limited (ACN 008 670 817) - Notice of Change of Interests of Substantial Holder

We enclose a Notice of Change of Interests of Substantial Holder (Form 604) in respect of the interests held by Allied Properties Investments (1) Company Limited and its related bodies corporate (Allied Group) in Mount Gibson Iron Limited (ASX: MGX) (MGX).

We note that Allied Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in MGX in which APAC Resources Limited and any of its related bodies corporate (APAC Group) have a relevant interest. Any change of interests held by APAC Group in MGX will also result in the same change of interests held by Allied Group in MGX and may not be separately notified in the future.

The increase in the percentage of Allied Group's holding in MGX resulted from a combination of the issue of 16,997,436 fully paid ordinary shares to entities of the APAC Group by MGX on 6 October 2021 under the Dividend Reinvestment Plan for final dividend in respect of the financial year ended 30 June 2021 and the on-market acquisitions of shares in MGX by an entity of the APAC Group in the period between 20 October 2020 and 17 September 2021.

Yours faithfully, For and on behalf of Allied Properties Investments (1) Company Limited

Kelvin Lam Director

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
Details of substantial holder (1) 1.
Name			corporate and other entities listed in Section 1 of Annexure A ("Allied Group")		Allied Properties Investments (1) Company Limited and its related bodies corporate, including the related bodies
ACN/ARSN (if applicable)	N/A
There was a change in the interests of the substantial holder on		06/10/2021
The previous notice was given to the company on		28/09/2020
The previous notice was dated		28/09/2020
Previous and present voting power 2,
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 Person's votes	Voting power (5) See section 2 of Annexure A	Present notice Person's votes	Voting power (5)
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
			See section 3 of Annexure A
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 interest (6)	Class and number of securities	Person's votes
			See section 4 of Annexure A

$\sim$

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$\bar{\mathcal{A}}$

604					page 2/2	15 July 2001
		5. Changes in association relation to voting interests in the company or scheme are as follows:	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
		Name and ACN/ARSN (if applicable)	Nature of association
		Not applicable	Not applicable
	6 Addresses	The addresses of persons named in this form are as follows:
		Name	Address
			See section 6 of Annexure A
	Signature	print name Kelvin Lam	For and on behalf of ALLED PROPERTIES INVESTMENTS (T) COMPANY LIMITED · ** ** Androrined Signature(s)	capacity	Director
		sign here		date		7 October 2021
(1)		is clearly set out in paragraph 6 of the form.	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 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
(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.
(5)			The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)		Include details of:
	(a)		any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.
(7)		are not paid directly to the person from whom 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 on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they
(8)			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)			Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure "A"

Form 604 Notice of Change of Interests of Substantial Holder Mount Gibson Iron Limited ACN 008 670 817

This Annexure "A" of 5 pages referred to in the Form 604 (Notice of Change of Interests of Substantial Holder), signed by me and dated 7 October 2021.

For and on behalf of
ALIED PROPERTIES INVESTMENTS (I) COMPANY LIMITED

Authorised Signature(s)

Signed: Kelvin Lam

1. Details of substantial holder

e antany

Substantial holder (Allied Group).

Allied Properties Investments (1) Company Limited (being a wholly owned subsidiary of APOL)

Allied Properties Overseas Limited (APOL) (being a wholly owned subsidiary of APHKL)

Allied Properties (H.K.) Limited (APHKL) (being a wholly owned subsidiary of AGL)

Allied Group Limited (AGL) (being a subsidiary of Lee and Lee Trust)

Lee and Lee Trust (trustees: Lee Seng Hui, Lee Su Hwei and Lee Seng Huang)

$2.$ Previous and present voting power

Class of securities (4) Previous notice		Person's votes Voting power (6) Person's votes Voting power (5)	Present notice
Fully paid ordinary shares (Shares)	424,991,530	35.84% (Based on 1,185,917,178 Shares on issue)	452,767,297	37.40% (based on 1,210,568,033 Shares on issue)

$3.$ Changes in relevant interests

Date of change	Reison whose: relevant. interest ** changed	Nature of change (6) a sa mga mga sa sa sa mga mga mga mga mga mga mga mga mga mg MANA AND MANASARA NA MARABAN SA MANASARA NG SAMBAN A	Consideration alven in relation. to change $(T)$	Class and i mumper of y Securities alleged.	Person s votes affected. こうりんせい にっぽいかいし
20/10/2020	Allied Group	On-market acquisition of 5,249,780 Shares in Mount Gibson fron Limited by APAC Resources Commodity Trading Limited.	A\$3,571,673.79	5,249,780 Shares	5,249,780

$\mathbf{1}$

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
22/10/2020	Allied Group	On-market acquisition of 250,220 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$173,902.90	250,220 Shares	250,220
27/10/2020	Allied Group	On-market acquisition of 73,658 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$49,306.67	73.658 Shares	73,658
28/10/2020	Allied Group	On-market acquisition of 916,041 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$614,228.12	916,041 Shares	916,041
29/10/2020	Allied Group	On-market acquisition of 123,156 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$81,282.96	123.156 Shares	123,156
30/10/2020	Allied Group	On-market acquisition of 45,476 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$30,219.07	45,476 Shares	45,476
02/11/2020	Allied Group	On-market acquisition of 170,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$112,872.18	170,000 Shares	170,000
01/07/2021	Allied Group	Dilutive effect of the issuance of 2,063,100 Shares by Mount Gibson Iron Limited.	N/A	431,819,861 Shares	431,819,861
14/09/2021	Allied Group	On-market acquisition of 1,025,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$486,670.00	1,025,000 Shares	1,025,000

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
15/09/2021	Allied Group	On-market acquisition of 825,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$379,747.50	825,000 Shares	825,000
16/09/2021	Allied Group	On-market acquisition of 550,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$258,830.00	550,000 Shares	550,000
17/09/2021	Allied Group	On-market acquisition of 1,550,000 Shares in Mount Gibson Iron Limited by APAC Resources Commodity Trading Limited.	A\$679,210.00	1,550,000 Shares	1,550,000
06/10/2021	Allied Group	Issue of 8,341,519 Shares to Fortune Desire Investments Limited by Mount Gibson fron Limited under the Dividend Reinvestment Plan for final dividend in respect of the full financial year ended 30 June 2021.	Reinvestment of dividend at an issue price of A\$0.5081 per Share	8,341,519 Shares	8.341.519
06/10/2021	Allied Group	Issue of 7,948,004 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 2021.	Reinvestment of dividend at an issue price of A\$0.5081 per Share	7,948,004 Shares	7,948,004
06/10/2021	Allied Group	Issue of 707,913 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 2021.	Reinvestment of dividend at an issue price of A\$0.5081 per Share	707,913 Shares	707,913

l,

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
06/10/2021	Allied Group	Dilutive effect of the issuance of 22,587,755 Shares by Mount Gibson Iron Limited (including 16,997,436 Shares issued to entities of the APAC Group).	N/A	452,767,297 Shares	452,767,297

$\mathbf{A}_\star$ Present relevant interests

From:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered. $as.$ holder $(8)$	Nature of relevant interest (6)	Class and number of securities	Person's votes
Allied Group	Sun Hung Kai Investment Services Ltd	Fortune Desire Investments Limited	Allied Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in which Fortune Desire Investments Limited has a relevant interest. Any change of interests held by Fortune Desire Investments Limited in Mount Gibson Iron Limited will also result in the same change of interests held by Allied Group in Mount Gibson fron Limited and may not be separately notified in the future.	220,257,802 Shares	220,257,802
Allied Group	APAC Resources Investments Limited	APAC Resources Investments Limited	Allied Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in which APAC Resources Investments Limited has a relevant interest. Any change of interests held by APAC Resources Investments Limited in Mount Gibson Iron Limited will also result in the same change of interests held by Allied Group in Mount Gibson Iron Limited and may not be separately notified in the future.	209,867,038 Shares	209,867,038
Allied Group	Deutsche Bank AG, Singapore (as custodian)	APAC Resources Commodity Trading Limited	Allied Group holds a relevant interest under section 608(3) of the Corporations Act 2001 (Cth) in the same securities in which APAC Resources Commodity Trading Limited has a relevant interest. Any	22,642,457 Shares	22,642,457

4

Holder of televant interest.	Registered tholder of securities.	to be registered. as holder (8)	Person entitled Nature of relevant interest (6)	Class and number of securities	Ferson's votes.
			change of interests held by APAC Resources Commodity Trading Limited in Mount Gibson Iron Limited will also result in the same change of interests held by Allied Group in Mount Gibson Iron Limited and may not be separately notified in the future.

Change in association 5,

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

$\mathbb{G}.$ Addresses

i Patri (1961), a shekarar 2001 NGC 1962 Vizier ta 2002 Yangi umumiy NGC 1969 Vizier ta 2004 Yangi umumiy Name	Address -
Allied Properties Investments (1) Company Limited	Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
Allied Properties Overseas Limited	Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
Allied Properties (H.K.) Limited	22nd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong
Allied Group Limited	22nd Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong
Lee and Lee Trust	c/o 24th Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong