Microsoft Word - App3y - Eric Lim - 3 Jaunary 2014.doc Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.


Introduced 30/09/01 Amended 01/01/11

Name of entity MAGNETIC RESOURCES NL

ABN 34 121 370 232

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Mr Eric (Jin Huei) Lim

Date of last notice

17 July 2013

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

N/a

Date of change

24 December 2013

No. of securities held prior to change

UOB Kay Hian Private Limited

6,998,011 fully paid ordinary shares

Eric Lim

500,000 options exercisable at $0.1499 on or before 27 December 2016

Class

Options

Number acquired

500,000 options exercisable at 50% premium to the 5 day VWAP prior to issue, on or before 31 December 2017.

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

Nil

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

No. of securities held after change

UOB Kay Hian Private Limited

6,998,011 fully paid ordinary shares

Eric Lim

500,000 options exercisable at $0.1499 on or before 27 December 2016

500,000 options exercisable at 50% premium to the 5 day VWAP prior to issue, on or before 31 December 2017.

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

As approved by shareholders at the

2013 AGM

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/a

Nature of interest

N/a

Name of registered holder

(if issued securities)

N/a

Date of change

N/a

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation

to which the interest has changed

N/a

Interest acquired

N/a

Interest disposed

N/a

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

N/a

Interest after change

N/a

Part 3 - +Closed period

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

+ See chapter 19 for defined terms.

Appendix 3Y Change of Director's Interest Notice

01/01/2011 Appendix 3Y Page 3

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