COMET RIDGE LIMITED — Major Shareholding Notification 2010

May 10, 2010

facsimile

Subject:	Submission of Form 603 re: COMET RIDGE [COI]
Date:	11 May 2010	Pages:	3 (including cover sheet)
	Citigroup Global Markets Australia Pty Limited
From:	Lisa Haertsch	Fax:	$(02)$ 8225 4061
	Comet Ridge (COI)
	Mr Stephen Rodgers, Company Secretary,	Fax:	(07) 3221 3668
	8
To:	ASX Company Announcements Platform	Fax:	1300 135 638

If you do not receive all pages, please telephone on 61 2 8225 4052

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TELEPHONE: 61 2 8225 4066 FACSIMILE: 61 2 8225 5461

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Notice of initial substantial shareholder	Form 603 Corporations Law Section 671B
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COMET RIDGE LIMITED ("COI", Ordinary Fully Paid) To:

Details of substantial shareholder $1.$

Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) and each of the related bodies corporate in the Citigroup group of companies worldwide (for more details please visit www.citigroup.com).

The holder became a substantial holder on 11 MAY 2010.

$2.$ Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's vote	Voting Power
COI, Ordinary Fully Paid	307,351,144	53,550,000	17.423%

Details of relevant interests 3.

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Citigroup Global Markets Limited	Citigroup Global Markets Limited holds a relevant interest in these shares solely in its capacity as Prime Broker with power to control the disposal of the shares.	53,550,000: COI Ordinary Fully Paid

Details of present registered holders 4.

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Class and number of securities
Citigroup Global Markets Limited	Citicorp Nominees Pty Ltd	53,550,000: COI Ordinary Fully Paid

Consideration 5.

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of	Consideration	Class and number
interest	acquisition		of securities
Citigroup Global Markets Limited	11 April 2010	Various	53,550,000: COI Ordinary Fully Paid

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)
	Nature of association
Citigroup Global Markets Australia Pty	Each of the related bodies corporate in the
Limited, ACN 003 114 832	Citigroup group of companies worldwide (for more
	details please visit www.citigroup.com ).
Citigroup Global Markets Limited	Each of the related bodies corporate in the
	Citigroup group of companies worldwide (for more
	details please visit www.citigroup.com ).

Addresses 7.

The addresses of persons named in this form are as follows:

Name	Address
Citigroup Global Markets Australia Pty	Level 22, Citigroup Centre
Limited	2 Park St
	Sydney NSW 2000
Citigroup Global Markets Limited	Citigroup Centre
	33 Canada Square
	London, E14 5LB

Dated this 11^th day of May 2010.

Lisa Haertsch Markets Compliance Citigroup Global Markets Australia Pty Limited