Director/PDMR Shareholding

    RNS Number : 5347J
  Cape Lambert Iron Ore Limited
  04 December 2008
   

    4 December 2008

    CAPE LAMBERT IRON ORE LIMITED

    DIRECTOR'S DEALING


    Cape Lambert Iron Ore Limited ("the Company") (ASX: CFE, AIM: CLIO) announces that it was notified today that Mr Antony William Paul
Sage, the Executive Chairman of the Company, purchased 876,471 ordinary shares on 2 December 2008 on-market for the consideration of
A$157,764.78.

    Following the above transactions, Mr Sage's beneficial interest in the Company is as set out below:

 Name          Options held   Ordinary shares held  % interest in issued share capital
 Antony Sage   Nil            25,405,960*           5.01%

    *Mr Sage's interest in ordinary shares includes 25,055,960 ordinary shares held by EGAS Superannuation Fund in which Mr Sage has a
relevant interest, 100,000 ordinary shares in Xyno Pty Ltd, a company in which Mr Sage has a relevant interest and 250,000 shares held in PG
Partnership, of which Okewood Pty Ltd is a member, a company which Mr Sage has a relevant interest.

    For more information please contact:

 Cape Lambert Iron Ore Limited:
 Tony Sage                       [phone]

 Australian Enquiries:
 Professional Public Relations
 David Tasker                    [phone]

 UK Enquiries:
 Nominated Adviser:
 Grant Thornton UK LLP           [phone]
 Fiona Owen

 AIM Broker:
 Collins Stewart Europe Limited
 Adrian Hadden                   [phone]

 Conduit PR
 Jos Simson                      [phone]
 Jane Stacy                      [phone]

 Website:
 www.capelam.com.au



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