19 April 2013 Norton Rose Australia ABN 32 720 868 049 Level 15, RACV Tower The Manager 485 Bourke Street Company Announcements MELBOURNE VIC 3000 Australian Securities Exchange AUSTRALIA Exchange Plaza 2 The Esplanade Tel +61 3 8686 6000 PERTH WA 6000 Fax +61 3 8686 6505 GPO Box 4592, Melbourne VIC 3001 DX 445 Melbourne nortonrose.com Direct line +61 3 8686 6710 Our reference Email 2780973 [email protected] Dear Sir/Madam Notice of change of interest of substantial holder We act for Angang Group Hong Kong (Holdings) Limited ( Angang ). On behalf of Angang, in accordance with section 671B of the Corporations Act 2001 (Ct), we enclose a Notice of Change of Interests of Substantial Shareholder (Form 604) in respect of Gindalbie Metals Limited (Gindalbie ). A copy of the enclosed notice has been provided to Gindalbie. Yours faithfully James Stewart Partner Norton Rose Australia For personal use only APAC-#18372205-v1 Norton Rose Australia is a law firm as defined in the Legal Profession Acts of the Australian states and territory in which it practises. Norton Rose Australia together with Norton Rose LLP, Norton Rose Canada LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc) and their respective affiliates constitute Norton Rose Group, an international legal practice with offices worldwide, details of which, with certain regulatory information, are at nortonrose.com 604 a e1/2 15Ju1 2001 Form 604 Corporations Act 2001 Section 671B , Notice of change of interests of substantial holder To Company Name/Scheme Gindalbie Metals Limiled ACMARSN ACN 060857614 I. Details of substantial holder(,) Angang Group Hong Kong (Holdings) Limited (An gang), Pangang Group Steel Vanadium & Titanium Co. , Ltd (Paristeel Name Listco). Pangang Group Company Ltd (Paristeel), Analeel Group Corporation (An steel), and theirrelated bodies corporate set outin Annexure A (Ansteel Group). ACN/ARSN Of applicable) N/A There res a change in the interests of the substantial holder on 28/03/2013 The previous notice was given to the companyon 10/12/2012 The previous notice was dated 10/12/2012 2, Previous and presentvoting power The total number of votes attached to allthevoting shares in the company or voling interests in the scheme that the substanlial holder or an associate (2) had a relevantinterest(3) in when last required, and when now required, 10 give a substantial holding notice to the company orscheme, are as follows: Previous nonce Present notice Class of securities (4) Person's votes Voting power(5) Person's votes Voting power(5) 31.88% (based on 35.89% (based on 1,404,350,200 shares on 1,492,154,301 447,688,420 535,492,521 Ordinary shares issue as at 7 December shares on issue as 2012) at 28 March 20.3) 3. Changes in relevantinterests Particulars of each change in, or change in the nature of, a relevantinterest of the substantial holder or an associate in voting securities of the company or scheme, since the substanlial holder was last required 10 give a substantial holding nolice to the company or scheme are as follows: Class and Person whose Consideration Date of Nature of number of Person's votes relevanlinteresl given in relation change change (6) securities affected changed to change (7) affected Voting power increased by issue of Angang, Paristeel 87,804,101 ordinary 28 March 2013 Listco, Parisleel and 87,804,101 shares $22,390,046 87,804,101 shares An steel pursuanlto a share placement 4. Presentrelevantinterests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of Registered Person entitled Nature of Class and relevant holder of to be registered relevant number of Person's votes interest securities as holder(8) interest (6) securities Legal and beneficial owners Angeng o1the securities Has the power 10 controlthe 535,492,521 Angang 535,492,521 Paristeel Listco, Angang disposal of the securities ordinary shares Paristeel and and controlthe exercise o1 For personal use only An steel the right to vote attaching to the securities APAC-#18244967-vi 604 a e2i2 15Ju1 2001 5. Changes massociation The persons who have become associates (2) of. ceased to be associales of. or have changed the nature of their association (9) With. the substantial holder in relation to voting interests in the company orscheme are as follows: Name and ACN/ARSN (if Nature of association applicable) NIA N/A 6. Addresses The addresses Dipersons named in this form are as follows: Name Address Angang Rooms 3412-13. Office Tower Convention Plaza. I Harbour Road. Warichai. Hong Kong Signature print name capacity I Y ,\ I. ,*i ^ I-I .. pie_. sign here dale I ' 201'1 DIRECTIONS (1) Ifthere are a number of substantial holders with similar or related relevantinterests (eg. a corporation and its related corporations. orlhe manager and Iruslee of an equity trust). the names could be included in an annexure to the form. Ifthe relevantinteres!s o1a group of persons are essentially similar. they may be relerred to throughoutthe form as a specifically named group iflhe membership of each group. with the names and addresses of members is clearly set outin paragraph 6 of the fomt. (2) See the definition of "associate" in section 9 of Ihe Corporations Act 2001. (3) See the definition of"relevantinterest'" in sections 608 and 6718(7) of the Corporations Act 2001 (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 orscheme multiplied by 100. (6) Include details or (a) any relevant agreement or other circumstances because of which the change in relevantinterest occurred. If subsedion 671B(4) applies, a copy of anydocument setting outthe terms of any relevantagreement, and a statement by the person giving full and accurate details of any contract. scheme or arrangement. must accompanythis form, logetherwith a Mitten statement certifying this contract, scheme or arrangement: and (b) any qualification of the power of a person to exercise. controlthe exercise of, or influence the exercise of, the voting powers ordisposalofthe securities to which the relevant interest relates (indicating clearly the particular securities 10 which the qualification applies) See the definition of", elevanlagreement" in sedion 9 of the Corporations Art2001. (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. Details must be in duded even nthe benefitis conditional on the happening or not of a contingency. Delails must be in duded on any benefit paid on behalf of Ihe substan!ial holder or its associate in relation to the acquisitions. even nthey are not paid directly to the person from whom the relevantinlereslwas acquired (8) Ifthe substantial holder is unable to determine the identity of the person leg. lithe relevantinterest arises because of an option) wine "unknown". (9) Give details. nappropriale. of the present assodalion and any change in that association since the last substantial holding notice. For personal use only APAC-#, 82449e7-vi AnnexureA AnnexureA-Ansteel Group jEht, t F* --*;--*-~*-\,,*~***,~,*,****'=..$**I';,;;.t***, .***~'**.---,$*,*;tJ***-Address*::{**;*,*****-*-,*"'*:*;'{-. f:~*t'.,*:*' ,~,-.-- r~-,*t-~.~='-~.**F:~~-ft-* -* Ansteel Group Corporation Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Anshan Iron & Steel Group Corporation An steellndustrial Zone, Tiexi District, Anshan, Liaoning, China An gang Group Investment(Australia) Ply Ltd Levell, St Georges Square, 225 St George's Terrace, Perth, Western Australia An gang Group Hong Kong (Holdings) Ltd Rooms 3412-13, Office Tower Convention Plaza, I Harbour Road, Warichai, Hong Kong An gang Group Hong Kong Ltd Rooms 3412-13, Office Tower Convention Plaza, I Harbour Road, Warichai, Hong Kong An gang Group Advertisement & Media Co Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Beijing Yuting Hotel Not, , Puhuangyu Lane 2, Fengtai District, Beijing, China An gang Group Construction Project Management Co Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Liaoning Far-East Quality Inspection Center for Marine No. 63, Wuyi Road, Tiedong District, Anshan, Liaoning, Products China An gang Group Investigation & Design Institute Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China An gang Group Real Estate Management Co No. 44, Guangming Road, Lishan District, Anshan, Liaoning, China Angang Shanghai Guesthouse No. 133, Guangzhong Road, Hongkou District, Shanghai, China Dalian Branch Office No's3, Fengguang Road, Xigang District, Dalian, China An gang Group Hospitality Co No. 108, Dongfeng Road, Tiedong District, Anshan, Liaoning, China Angang Group Railway Transportation Equipment No. 8, Quandongyi Road, Qianshan District, Anshan, Manufacturing Co Liaoning, China Angang Group Mechanized Handling Co Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Angang Group Property Management Co No. 44, Guangming Road, Lishan District, Anshan, Liaoning, China Angang Group Shenyang Sheet Metal Co Nod6, Zhonggongbei Road, Tiexi District, Shenyang, Liaoning, China Angang Group Cast Pipe Co Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Angang Group Cement Co Ansteellndustrial Zone, Tiexi District, Anshan, Liaoning, China Angang Group Refractories Co Non8, Qiming Road, Tiexi District, Anshan, Liaoning, China Angang