SCIDEV LTD — Major Shareholding Notification 2005

Jan 10, 2005

MinterEllison

11 January 2005

AURORA PLACE 88 PHILLIP STREET SYDNEY GPO BOX 521 SYDNEY NSW 2001 AUSTRALIA DX 117 SYDNEY www.minterellison.com TELEPHONE +61 2 9921 8888 FACSIMILE +61 2 9921 8123

Robert Waring Company Secretary Intec Ltd Gordon Chiu Building, J01 Department of Chemical Engineering Maze Crescent University of Sydney NSW 2006

Dear Robert

Form 604

We attach a Form 604 on behalf of our client Orian Holding Corp. resulting from dilution of its holding as a result of the recent completion of Intec Ltd's Share Purchase Plan. There have been no disposals of shares by Orian Holding Corp.

Yours sincerely MINTER ELLISON

Sebastian Hempel Partner

Contact: Our reference:

Sebastian Hempel Direct phone: +61 2 9921 4601 Direct fax: +61 2 9921 8226 JSTH 20-4516731

enclosure

cc. ASX

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ĨΩ	Company Name/Scheme	Intec Limited
ACN/ARSN		001 150 849
1.	Details of substantial holder (1)
Name		Ivanhoe Mines Ltd. Group (see Annexure A)
ACN/ARSN (if applicable)		ARBN 075 217 097
There was a change in the interests of the substantial holder on		24/12/04
The previous notice was given to the company on		02/12/04
The previous notice was dated		01/12/04

$\mathbf{2}$ 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 r

Class of securities (4)	Previous notice	WANAANAANAA	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
. Ordinary Shares	MANAHAMA 54.141.586	15.46% of 350,112, 632	54, 141, 586	12,81% of 422,576,400

Changes in relevant interests $3_z$

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, I substituted on each change in, or change in the nature on, a relevant interest or the substantial notien or an associate in Yom
Since the substantial holder was last required to give a substantial holding notice to the c

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
24/12/04	Ivanhoe Mines Ltd. Group				Ivanhoe Mines Ltd. Group

Present relevant interests 4.

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
Ivanhoe Mines Ltd. Group	Orian Holding Corp.			54,141,586 ordinary shares	54.141.586 votes

Changes in association Я.

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:

-------------------------------------- ---------------------- $ A$ $\sim$ $A$ $\sim$ $A$ $\sim$ $A$ $\sim$ $A$ $\sim$ $ -$ dicable. Name ייס ר . --------------------------------------	------------------ association Nature ---------------------- _____
NJA
___ ___	- Processors conservation --------------------- _______ ARCHAMANOMAN PER ------------------

Addresses Ĝ.

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

--------------------------------------- ******** AND REPAIRING AN AN AMARAS ARE	____ ______ ________ HAND BOOK COMPONENT PRO --------------------
Name .	Address ___ ---------------------- ___ - 104 000000000000000000000000000 ______
_________ Group , Mines Ltd. . II luo	Annexure A see
	----- ______ --------------------------

Signature

print name	Beverly A. Bartlett	capacity	Secretary
	$\overline{\phantom{a}}$ $\rightarrow$
sign here		date	10/01/05
	DIRECTIONS		$\cdot$

• 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 $(1)$ 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 is clearly set out in paragraph 6 of the form.
• See the definition of 'associate' in section 9 of the Corporations Law. $(2)$
• See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Law. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any ${a}$ 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
• 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 $(b)$ 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 Law.

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

INTEC LIMITED ACN 001 150 849

This is Annexure A of 1 page referred to in Form 604, Notice of Change of Interests of Substantial Holder being the members of the Ivanhoe Mines Ltd. Group having a relevant interest in shares in Intec Limited under section 608 of the Corporations Act 2001.

Name	Address	Nature of relevant interest
Orian Holding Corp.	Suite 654 World Trade	Holder of shares in Intec Limited
	Centre, 999 Canada Place,
	Vancouver, Canada
Ivanhoe Mines Ltd.	Suite 654 World Trade	Canadian listed company
	Centre, 999 Canada Place,	controlling Orian Holding Corp.
	Vancouver, Canada
Robert M. Friedland	Stevmar House, Suite 202	Majority Shareholder - holds 34.5%
Goldamere Holdings (L) Ltd.	Rockley, Christ Church	of Ivanhoe Mines Ltd.
Newstar Securities SRL	Barbados

$\bar{z}$

10 January 2005

$\mathbb{R}^2$

....................................... Signed by: Beverly Bartlett Company Secretary Ivanhoe Mines Ltd.

....................................... Date