Head Office:                                                                                                             

Suite 2, 1^st Floor

32 Kings Park Road                  

West Perth WA 6005               

Australia                                                                                                                                                                                             

Post Address:                                                                                                                        ACN 009 224 800

PO Box 1915                                                                                                

West Perth WA 6872

Australia

            Ph: +61 8 9226 2033   Fax: +61 8 9226 3388   Email: info@midwestcorp.com.au   Web:  www.midwestcorp.com.au

25 January 2008

MIDWEST CONFIRMS SINOSTEEL TRADING IN SHARES

"Midwest Corporation (ASX:MIS) notes that 17.5 million Midwest shares were put through the market yesterday of which 15.3 million shares were crossed after market close at a price of $5.30 per share.

After the market closed yesterday, Midwest was informed that Sinosteel was a buyer of shares at $5.30 and that Sinosteel now holds over 10% of Midwest shares on issue.

Midwest also understands that Sinosteel has no current intentions of making an unsolicited takeover offer for Midwest."

-ENDS-

For further information contact:

Martin Debelle                                                           Warrick Hazeldine

Cannings                                                                    Purple Communications

Ph: + 61 2 9252 0622                                              Ph: + 61 8 9485 1254

Mob: + 61 409 911 189                                           Mob: + 61 417 944 616

 ***

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Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au