SABRE RESOURCES LIMITED — Major Shareholding Notification 2005

Aug 18, 2005

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SHAW STOCKBROKING

FACSIMILE

To:	The Manager - Companies Department From:		McNeil Nominees Pty Limited
Company: ASX		Date:	19 August 2005
Fax:	1900 999 279	Pages:	4 (including header)
CC.	Mr Bruce McCullaghCompany SecretarySabre Resources Limited(08) 9481 7835	Re:	Initial notice of substantial holding
			If any pages not received please contact sender: Phone (02) 9238 1512

Notice follows.

SHAW STOCKBROKING LIMITED A.B.N. 24 003 221 583

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PARTICIPANT OF THE ASX GROUP AND HOLDER OF AUSTRALIAN FINANCIAL SERVICES LICENCE 236048 Level 16, 60 Castlereagh Street Sydney NSW 2000 ▶ Tel (02) 9238 1238 Fax (02) 9232 1296 ▶ GPO Box 3604 Sydney NSW 1042

The information is for your sole use and although all possible care and attention was given to the contents and recommendations in this cocument, no responsibility can be taken for errors and omissions, either as to matters of judgement or fact. The company, its associates and their respective officers and employees may have a pecunicity or other interest in the matter discussed and/or in the securities mentioned.

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page 1/2 15 July 2001 603

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Namo/Scheme	SABRE RESOURCES LIMITED
ACN/ARSN	003 043 570
1. Details of substantial holder (1)NaméACN/ARSN (I) applicable)	MCNEIL NOMINEES PTY LIMITED003 207 592

The holder became a substantial holder on $16/08/05$

2. Details of 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 arelevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinary shares 1,622,750		7.63%	7.63%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the dete the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
I MCNEIL NOMINEES PTY LTD.	I BARE TRUSTEE	' 1,622,750
		Fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities reforred to in paragraph 3 above are as follows:

Holder of relevantInterest	Ragistered holder ofsecurities	Parson entitled to beregistered as holder (8)	Class and numberof securities
	MCNEIL NOMINEES PTY MCNEIL NOMINEES PTY	IMONEIL NOMINEES PTY	1 622 750
LIMITED	LIMITED	LIMITED	Fully paid ord

5. Consideration

The consideration paid for each relevant Interest referred to In paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest. .	Date of acquisition		Consideration (9)
		Casr	Non-cash
$\cdots$ISEE ATTACHED
----		---		.

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)ARCHIVES	Nature of association.
Not applicable	__
.	__

7. Addresses

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

Name.	«ddress-
MONEIL NOMINEES PTY LTD----	LEVEL 15, 60 CASTLEREAGH STREET SYDNEY NSW 2000

Signature

DIRECTIONS

• If there are a number of substandal holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of anequity trust), the names could be included in an anne $(1)$ form.
• $\alpha$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. $\begin{array}{c} \textbf{(3)} \end{array}$
• $\left| \cdot \right|$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $\left(5\right)$ interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $\Box$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of any decument setting out (a) the terms of any relevant agreement, and a statement by the posan giving full and accurate details of any contract, scheme or amongement, must accompanythe terms of any relevant agreement, and a statement by the posan giv
  • 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 О) which the refevant 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.

• 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". $\langle 0 \rangle$
• 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, becomeentitled to receive in relation to that acquisition. Details m $\langle 9 \rangle$ the relevant interest was acquired.

DATE OF ACQUISITION CONSIDERATION CLASS AND NUMBER OF SECURITIES	2,800 FPO	1,000,000 FPO	500,000 FPO	119,950 FPO
	790.27	300,900.00	126,000.00	27.511.14
	17/08/2008	16/08/2005	09/08/2005	14/08/2005
NTERESTER OF RELEV	CINITED	NITEDËË	LIMITEDiEES F	LIMITED