TIVAN LIMITED — Major Shareholding Notification 2007

Sep 4, 2007

604 page 1/2 15 July 2001

Form 604

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Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme TNG Limited

ACN/ARSN	12 000 817 023

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable) Mr N Biddle

There was a change in the interests of the
substantial holder on	17 July 2007
The previous notice was given to the company on	26 August 2002
The previous notice was dated	26 August 2002

1. 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)
Ordinary shares	5,998,602	11.22%	10,356,625	5.69%

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
Refer Attached

4. Present relevant interests

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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
Biddle Partners Pty Ltd	Biddle Partners Pty Ltd	Biddle Partners Pty Ltd	Direct	9,806.625 ordinary shares	9.806.625
Mr N Biddle	Mr N Biddle	Mr N Biddle	Direct	550,000 ordinary shares	550.000

604 page 2/2 15 July 2001

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 --------------------------------------
_______
_________

6. Addresses

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

Name	Address
Mr N Biddle	10 Direction Way, North Fremantle, Western Australia 6159
Biddle Partners Pty Ltd -------	10 Direction Way, North Fremantle, Western Australia 6159

Signature

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related $(1)$ 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 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.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection $(a)$ 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

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting $(b)$ 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.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest $(7)$ was acquired has, or may, becom'e

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) $(8)$ write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding $(9)$ notice.

604 GUIDE page 1/1 13 March 2000

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature

Substantial Shareholder

Neil Biddle

Date of Change	Person whose relevant interest changed	Nature of change		Consideration given in relation to change	Class and number of securities affected		Person's votes affected
8/10/2002	Mr N Biddle	Purchase	\$	19,216.63 Ordinary			138,670
15/11/2003	Mr N Biddle	Purchase	S		915.00 Ordinary		6.100
15/11/2003	Mr N Biddle	Sale	-\$	75,107.00 Ordinary			500,000
31/12/2003	Mr N Biddle	Purchase	\$	35.750.00	Ordinary		350,000
5/03/2004	Mr N Biddle	Purchase	\$	6,000.00	Ordinary		50,000
24/08/2004	Mr N Biddle	Purchase	\$	19,800.00 Ordinary			220,000
11/07/2005	Mr N Biddle	Purchase	\$	30,000.00	Ordinary		200,000
11/07/2005	Mr N Biddle	Sale	-\$	60.480.00	Ordinary		240,000
15/07/2005	Mr N Biddle	Purchase	\$	45,000.00	Ordinary		300,000
15/07/2005	Mr N Biddle	Sale	-\$	103,904.00	Ordinary	$\qquad \qquad \blacksquare$	360,000
22/07/2007	Mr N Biddle	Sale	-\$	82,500.00	Ordinary		330,000
18/10/2005	Mr N Biddle	Purchase	\$		5,250.00 Ordinary		25,000
10/11/2005	Mr N Biddle	Purchase	\$	38,000.00 Ordinary			200,000
10/11/2005	Mr N Biddle	Sale	-\$	38,000.00 Ordinary		$\qquad \qquad \blacksquare$	200.000
13/03/2006	Mr N Biddle	Sale	-\$	274,778.76 Ordinary			1,096,504
13/03/2006	Mr N Biddle	Purchase	\$	150,000.00 Ordinary			1,000,000
18/12/2006	Mr N Biddle	Purchase	\$	450,000.00 Ordinary			3,000,000
15/12/2006	Mr N Biddle	Sale	-\$	500,000.00 Ordinary			1,000,000
14/02/2007	Mr N Biddle	Purchase	\$	26.263.70	Ordinary		69,115
2/03/2007	Mr N Biddle	Purchase	\$	30,000.00	Ordinary		200,000
2/03/2007	Mr N Biddle	Sale	\$	47,000.00	Ordinary		100,000
30/04/2007	Mr N Biddle	Purchase	\$	67,500.00	Ordinary		450,000
28/05/2007	Mr N Biddle	Purchase		131,618.40	Ordinary		877,456
28/05/2007	Mr N Biddle	Sale	\$	47,750.00	Ordinary		100,000
1/06/2007	Mr N Biddle	Purchase	\$	270,327.90	Ordinary		1,802,186
1/06/2007	Mr N Biddle	Sale	-\$	344,050.00	Ordinary	$\blacksquare$	850,000
1/06/2007	Mr N Biddle	Sale	\$	m.	Ordinary	$\blacksquare$	150,000
19/06/2007	Mr N Biddle	Purchase	\$	60,000.00	Ordinary		400,000
17/07/2007	Mr N Biddle	Sale	\$	3,120.00	Ordinary		4,000

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