SABRE RESOURCES LIMITED — Major Shareholding Notification 2005

Nov 10, 2005

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme	SABRE RESOURCES LIMITED
ACN / ARSN	003 043 570
1. Details of substantial holder (1)
Name	MCNEIL NOMINEES PTY LIMITED
ACN / ARSN (if applicable)	003 207 592
There was a change in the interestsof the substantial holder on	$^{11}$08/2005
The previous notice was given tothe company on	110$\sqrt{2005}$26
The previous notice was dated	/10/ 200525

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 power (5)
FPO--------------------------------------	6.47%--------------------------------------	.645.789	940.789,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	---------------------------------------'.63%

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	Persons whoserelevant interestchanged		Considerationgiven in relationto change $(7)$	Class and num-ber of securitiesaffected	Person's votesaffected
	MCNEIL NOMINEES	I REF ATTACHED

4. Present relevant interests

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

Holder of relevantinterest	securities	Registered holder of [ Persons entitled to be Nature of relevant registered as holder (8)	interest (6)	Class and numberof securities	Person's votes
I MCNEILI NOMINEES	MCNEIL NOMINEES	MCNELL NOMINEES	REGISTEREDHOLDER	1.940.789	7.63%
			UNDER NOMINEEAGREEMENT
					Form 604 v01112005

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:

---------------------------------------Name and ACN/ARSN(if applicable)	---------------------------------------Nature of Association--------------------------------------
l N/A--------------------------------------
	**************************************. . .

6. Addresses

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

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Name	Address
I MCNEIL NOMINEES PTY LTD.--------------------------------------	LEVEL 16, 60 CASTLEREAGH STREET, SYDNEY NSW 2001
.	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Signature

Print name	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,CRAIG SIDNEY		capacity		SECRETARY		---------------------------------------
sign here		_____----------------	date	-------------10	11	2005

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 or 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 "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Includes details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details for 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 $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was ac- $(7)$ quired 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 $(8)$ "unknown".
• Give details, if appropriate of the present association and any change in that association since the last substantial holding notice. $(9)$

AFFECTEDPERSON'SVOTES				6.47 %0.08 %0.0200.20	ళ0.69	న$\frac{3}{2}$
	ဥ	ဥ္		요요요		요만
AUMBER OFSECURITIESAFFECTEDCLASS &	1,645,789	20,000	50,000	50,000	175,000	1,940,789
CONSIDERATIONIN RELATION TOUGNATO		4,785.00	8,551.00	9,305.50	33,198.00	TOTAL
NATURE OF CHANGE	BALANCE AT 25/10/05	NCREASE IN HOLDING	NCREASE IN HOLDING	NCREASE IN HOLDING	NCREASE IN HOLDING
PERSON WHOSE RELEVANTINTEREST CHANGED	MCNEIL NOMINEES PTY LIMITED	MCNEIL NOMINEES PTY LIMITED	MCNEIL NOMINEES PTY LIMITED	MCNEIL NOMINEES PTY LIMITED	MCNEIL NOMINEES PTY LIMITED
DATE OF CHANGE	25/10/2005	17/10/2005	03/11/2005	26/10/2005	25/10/2005