MAGONTEC : Change in substantial holding

14-01-'14 14:38 FROM- ORB l SHLLAN GRAY

[phone]

Form 604

T-200 P0001/0004 F-902

Corporations Act 2001

SecUon 6718

Notice of change of interests of substantial holder

To Company Nama/ Ma ontec limited

AGNIA ABN 51 010 441 666

1. Details ohubstantialholder (1)

Name Allan Gray Australia Pty Ltd (Aitan Gray Australia.fonnerly known as Orbislnvestment Management (Australia) Ply ltd) and its related bodies corporale as solout in Table 1 of Annexure A (together the Group), as irwestment manager for lhe funds or investment mandates listed at Table 2 of AnnG-XUI'f'l A
ACN/Ail(llol.{o applicable) 112 316168 (ACN of Allan Gray Australia)
There was a change in U1e interests of lhe
substilntialholderon 13 January 2014

The previous notloe was gìven to the company on 9 Del>lmber 2013

The previous notice was dated 9 Oecember 2013

2. Prcvious and present voting poiNE!r
The totllnumber of votes atlaohed lo alllhe voting shares in the company or voting in!oflsts in lho schomolhat lho sub$tanijalholder or an associate (2) had a relovant inlerost (3) in when las!reqvired, and when now required, lo givo a substanijalholding notice lo tho company orscheme, are as follows:

Class of socurities (4)	Previous notioo	Prooent notioo
Class of socurities (4)	Pe11>on's votes	Voting power (5)	Person's votes	Voting powor (5)
Ordinary	114,274,028	14.86%.	209,674,028	18.80%

* This change was triggered by the exercise of listed options

3.Changes in relevant interests

P rtlculare of each change: in, or change in the nature of, a relevant interest of the substantialholder or an associate in voting securitiss of the company or scheme, since the substantial holderwas las!mquirod to givo a substanUal holding notioo to the oompany or soheme are as follows;

Date of change	Person whose relevant interest changed	Nature of changa(6)	Consideration gNen In rolatlon lo chango (7)	Class and number of secunties affected	Person's votes affected
See Annexure A, Tables 2 and 3

4. Present rolevant lnterests

Particulars of eaoh mlevant interest of the sub$tilntial holder in voting socurities aIlor lhe chango aro as follows:

Holder of relevant interest	Rogistered holdorof securities	Pemon entitled to be reg tered as holder (8)	Nature of relevant interest (6)	Class and number of secunties	Person's votes
See Annexure A. Tab!es 2 and 4

5.Changes in assoeiation

The persons who have become associales (2) of. ceased lo be associa!es of, or have changed lhe nature of lheir asso ation (9) wlth, the substlntial holder in relation lo voting interests In the oompanyorscheme are a; follows;

14-01-'14 14:38 FROM- ORB l SHLLAN GRAY [phone] T-200 P0002/0004 F-902

6.Addresseo

The addre.sses of persons named in this form are as follows:

Name	Address
The Group	C/- Allan Gray Australia, Level2 Challis House, 4 MMIn Piace Sydnay , NSW 2000

Signature

sign here
DIRECTIONS

Director

dale 14 Januart 2014
(1) lf there are a number of subslantial holders with similar or relalad rolevant interests (ll!Ja CQrporation and its relale<.l CQrporations, or the manager and trustee of an equity trust), the na:mes oou!d be included in an annexure to the fonn. lf the relevant interests of a group of persons are essentlally similar, they may be refemed to throughout the fom1 as a specifioally named group if the membemhlp of eaoh group, with the names and addresses of members is eay se!out in paragraph 6 of lhe fonn.
(2) See the definition of 'asso ate'ln seCIIon 9 of the Corporations Aot2001.
(3) See the definilion of 'relevan!interesr in sectlons 608 and 6718(7) of the Corporations Aot2001. (4) The voting shares of a IXlmpany oonstltula one olass unless divided into separate olasses.
(5) The person's voles divided by the total voles in the body corporale or scheme multiplied by 100
(6) Include delails of:
(a) any relevant agreement or other cin:umstances because of which the change in relevant inter!lst occurrod. lf subsectlon 6719(4) applies, a IXlPY of aoy document settlng out the tenns of any relevant agreement, and a statement by the person giving full and accurate detail$ of any oontract, scheme or arrongement musiaooompany thls form, togetherwith a written statemenloertifying lhis IXlnlract scheme or arrangement and

(b) any qualiflcation of the power of a person to exercise, contrai the exercise of, or influenw the e.xercise of, the voting powers or dlsposal of the securities to whioh the relevant interest relates (indicating clearly the particular secwities to which the qualification applies).

See the definition of •retevant agreemsnt" in section 9 of the Corporations Act 2001.

(7) Details of the CQnslderadon must Include any and ali benefil5, money and other, that any person from whom a relevant inlarest was acquired has, or may, become entitled ro r"""ive in 11llation to !hat acquisitlon. Details must be included even if the benefit is oonditlonal on the happening or not of a contingoncy. Details must be included of any benefit paid an behalf of the substantial holder or its associatQ in relation to the acquisitions, aven if they are IlOlpaid directly to the pemon from whom the relevant inlarest was acquired.

(8) lf lhe subslantialholder is unable ro delonminetho idontity of tho porson (ll!J if tho 11llovant interest anses because of an option) wnte ·unknown·. (9) Give details, if ppropriate, of tlte present association and any change in that assooiation since the last substantialholding nolioe.

14-01-'14 14:39 FROM- ORB l SHLLAN GRAY [phone] T-200 P0003/0004 F-902

Magontec Limited

THIS IS ANNEXURE A OF 2 PAGES REFERREO TO IN THE ABOVE FORM 604

Table 1 -Related bodies corporale

The following entlties are assoclates of Allan Gray Australia and each other by vl ue or belng related bodles corporale. Olt>is Holdings Limiled Orbls Mansfield Street Properties Ltd

Olt>is World Limited Orbis lnvestment Management (BVI) Limited (OIMLBVI) Orbis lnvestment Management Limited (OIML) Orbis lnvestment Advlsory Pty Limlted

Orbis Asse!Management Llmlted (OAML) Allan Gray (Holdings) Pty Ltd

Orbis Administration Limlted Orbis lnvestmant Adv ory (Hong Kong) Limited

Orbls lrwestment Research Limited Orbis Client Services (Canada) Llmited

Orbis lnvestment Management (MIS) Limited Orbis Holdings (UK) Llmited

Triple Blue Holdings Llmited Orbis lnvestment Management (Europe) LLP PictelOvorseas Trust Corporation and Plctet Trustee Company SA

Table 2 • Funds

An entlty wlthln the Group acts as investment manager for 9me or ali of the assets in the followlnfun.ds.

·-"- ;;

14-01-'14 14:39 FROM- ORB l SHLLAN GRAY [phone]

Table 3- Change in relevant lnterest and association

2

1

T-200 P0004/0004 F-902

Table 4- Present relevant interest

4,287,136

$85,743

Reference Code	Total no of seculities
GAPL	340,000
OGEF	16,700,000
OSAP	680,000
SGPL	1,240,000
SMCB	28,299,795
SMCS	13,786,589
SMEF	45,613,165
SMHP	24,282,850
SMHT	27,564,249
SMIA	5,737,819
SMMS	9,933,135
SMNG	... 17,519,641
SMOS	10,289,128
SMRI	3,881,617
SMWA	1,409,577
SMWK	2,396,463
Total	209,674,028