SUNCORP GROUP LIMITED — Major Shareholding Notification 2008

Feb 20, 2008

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme NORTHWEST RESOURCES LIMITED ACN/ARSN 107 337 379 1. Details of substantial holder Name Suncorp-Metway Limited and its subsidiaries ACN/ARSN (if applicable) 010 831 722

The holder became a substantial holder on 18/02/07

2. Details of voting power The total number of votes attached to all the voting shares in the company or voting scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities Number of securities Person’s votes Voting power Ordinary shares 12,856,853 12,856,853 9.6835%

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 date the substantial holder became a substantial holder are as follows:

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Holder of relevant interest Nature of relevant interest Class & number of securities
The New Zealand
Guardian Trust Company Fund Manager 12,856,853 Ordinary shares
Limited
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant Registered holder of Persons entitled to be Class & number of
interest securities registered as holder securities
The New Zealand The New Zealand
Douglas Goodfellow
Guardian Trust Guardian Trust 12,856,853
Charitable Trust
Company Limited Company Limited
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 relevant Class & number of
Date of acquisition Consideration
interest securities
Refer to Annexure 2
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6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name & ACN/ARSN (if applicable) Nature of association
The New Zealand Guardian Trust
Subsidiary of Suncorp-Metway Limited
Company Limited
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
The New Zealand Guardian Trust PO Box 1934
Company Limited Auckland, NZ
Signature
Print name C Chuter Capacity Company Secretary
Sign here Date 21/02/08
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Annexure 2

NORTHWEST RESOURCES

DATE Transaction SHARES 01-Jun-07 OPENING BALANCE OPTION CONVERSION, ISSUE DATE 07/02/08 2,118,951 OPTION CONVERSION, ISSUE DATE 18/02/08 7,000,000 20-Feb-08 CLOSING BALANCE	HOLDING 3,737,902 5,856,853 12,856,853 12,856,853