TIVAN LIMITED — Major Shareholding Notification 2009

Sep 20, 2009

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RAB CAPITAL

Fax

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Pages: $45$ (incl. cover page)

Please find attached the company filings for:

• Form 605 - TNG Ltd (formerly Tennant Creek Gold) and attached schedule

K ind regards,

Eannah Willson

RAB Capital Plc 1 Adam Street L mdon V C2N 6LE

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L :gal@rabcap.com T₂₁: $+44$ (0)20 7389 7108 $F(x: +44(0)2073897057)$

RAB Capitul ple is registered in England, no. 3694213. Registered address is shown above. Regulated by IMRO.

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P.001

18-SEP-2009 15:08 FROM RAB CAPITAL PLC

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Compary Name/Scheme	TNG Limited (formerly Tennant Creek Gold)
ACN/ARSN	000 017 023

1. Details o 'substantial holder (1)

Name		RAB Special Situations (Master) Fund Limited
ACN/ARSN (if applicable) (A Cayman Islands registered company)
The holder (eased to be a substantial holder on		14/09/2009
The previou i notice was given to the company on		10/08/2009
The previou i notice was dated		10/08/2009

2. Changes in relevant interests

Particulars c f each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
See attach ed schedu le

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial I older in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) __	Nature of association
	1000000000000000000000000000000000000
__	------

4. Addresses

The address is of persons named in this form are as follows:

Name	Address
HSBC Custody Nominees (Australia) Limited	GPO Box 5302, Sydney NSW 2000
RAB Special Situations (Maste:) Fund Limitel	C/O RAB Capital plc, 1 Adam Street, London, WC2N 6LE, UK

Signatu e

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c int name	JAKE LEAVESLEY / SIMON GWYTHER	Authorised Signatories for RAB Capital Plc for and on behalf of capacity RAB Special Situations (Master) Fund Limited
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18/09/2009

	sign here
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DIRECTIONS

date

• (1) If ther y are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the mana jer 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 perso is 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 4 of the form.
• $(2)$ See tl e definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Includ ) details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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 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.

• $(5)$ Detail: of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquir id 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 associ ite in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• The vt ling shares of a company constitute one class unless divided into separate classes. (6)
• Give distails, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

Schedule to Form 605 in respect of TNG Limited (Formerly Tennant Creek Gold)

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
19 Aug 39	RAB Special Situations (Master) Fund Limited	of Sale 150,000 shares	\$9,730.50	150,000 ordinary shares	RAB Special Situations (Master) Fund Limited
20 Aug )9	RAB Special Situations (Master) Fund Limited	of Sale 350,000 shares	\$22,704.50	350,000 ordinary shares	RAB Special Situations (Master) Fund Limited
$3$ Sept $03$	RAB Special Situations (Master) Fund Limited	of Sale 299,332 shares	\$22,405.00	299,332 ordinary shares	RAB Special Situations (Master) Fund Limited
8 Sept 0 ?	RAB Special Situations (Master) Fund Limited	Salc of 200,668 shares	\$15,020.00	200,668 ordinary shares	RAB Special Situations (Master) Fund Limited
$9$ Sept $03$	Special RAB Situations (Master) Fund Limited	of Sale 17,294 shares	\$1,467.05	17,294 ordinary shares	RAB Special Situations (Master) Fund Limited
10 Sept 19	RAB Special Situations Fund (Master) Limited	Sale of 482,706 shares	\$41,053.94	482,706 ordinary shares	RAB Special Situations (Master) Fund Limited
14 Sept 19	RAB Special Situations (Master) Fund Limited	Sale of 323,558 shares	\$32,789.99	323,558 ordinary shares -	RAB Special Situations (Master) Fund Limited