TIVAN LIMITED — Major Shareholding Notification 2011

Apr 18, 2011

Form 604 Corporations Law 671B

Notice of change in interests of substantial holder

	To: Company Name/Scheme: TNG Limited

12 000 817 023 ACN/ARSN

1. Details of substantial holder⁽¹⁾

	WARREN WILLIAM BROWN AND MARILYN HELENA BROWN
Name ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	09/03/2011
The previous notice was given to the company on
The previous notice was dated

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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 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	18,898,123	7.32% BASED ON 258,055,077 SHARES ON ISSUE	23,148,123	8.13% BASED ON 284,803,061 SHARES ON ISSUE

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
09/03/11	WARREN WILLIAM BROWN AND MARILYN HELENA BROWN	SHARE PURCHASE	\$467,500	ORDINARY 4,250,000	WARREN WILLIAM BROWN AND MARILYN HELENA BROWN

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4. Present relevant interests

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 and Person's votes
WARREN WILLIAM	WARREN			Ordinary Shares
BROWN AND MARILYN HELENA BROWN	WILLIAM BROWN AND MARILYN HELENA BROWN	WARREN WILLIAM BROWN AND MARILYN HELENA BROWN	REGISTERED HOLDER	23,148,123

5. Changes in association

The persons who have become associates⁽²⁾ of, ceased to be associates of, or have change the nature of their association® 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
N/A	N/A

6. Addresses

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

Name	Address
WARREN WILLIAM BROWN AND MARILYN HELENA BROWN	C-IPAC SECURITIES
	PO BOX 342
	BRISBANE QLD 4001

Signature

print name WARREN BROWN

registered halder capacity

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$191411$

DIRECTIONS

(1) 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 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 Law.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

• $(a)$ any relevant agreement or other circumstance because of which the change in relevant interest occurred. If subsection any retevant agreement or our or in an interest contract, the bullet of the terms of the terms of the terms of the terms of the terms of the terms of the terms of the terms of the terms of the terms of the terms of the ter
• $(b)$ 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 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.

(7) 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, become entitled to receive in relation to that acquisition. Detai 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.

(8) 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".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.