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MACRO METALS LIMITED Board/Management Information 2018

May 10, 2018

65283_rns_2018-05-10_7c9515c6-8d6a-4749-af4b-869a0e4ab40a.pdf

Board/Management Information

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==> picture [596 x 143] intentionally omitted <==

----- Start of picture text ----- Nigerian Subsidiary----- End of picture text -----

11 May 2018

NOTICE PURSUANT TO SECTION 249D OF THE CORPORATIONS ACT 2001

Kogi Iron Limited ( Kogi or the Company ), ( ASX: KFE ) advises that is has received a Notice under section 249D of the Corporations Act 2001 (Cth) (Corporations Act) from registered shareholders of at least 5% of the votes that may be cast at a general meeting, requesting that the directors of the Company call and arrange to hold a general meeting of the Company.

Pursuant to section 249D(5) of the Corporations Act, the directors must call the general meeting of the Company within 21 days, and hold the general meeting within 2 months, after the receipt of this notice.

The provider of the section 249D Notice intends to exercise their right under section 249P of the Corporations Act to request that the Company give all members of the Company a statement regarding the resolutions to be moved at the general meeting, as detailed in the request. The resolutions to be put to shareholders will be for the election of three new directors Mr Philip Ashley, Dr Malcolm Brandon and Mr John Maclean , and for the removal of Mr Don Carroll, Mr Michael Tilley and Mr Martin Wood.

The section 249D Notice has been received from the parties listed in the attached substantial shareholder notice which states that they collectively hold 9.5% of the Company’s shares on issue.

The Company will proceed to call a general meeting of shareholders in compliance with the Corporations Act. Further details of the general meeting will be circulated to shareholders in due course. The company will keep the market informed of developments concerning the requisition received.

Yours faithfully

Kevin Hart

Company Secretary

KFE Capital SummaryOrdinary Shares: 621,543,370Unlisted options: 29.8mShare price: $0.13Market capitalisation: $80.8m Board of DirectorsDr Ian Burston –Non Executive ChairmanMr Martin Wood –Chief Executive OfficerMr Kevin Joseph –Executive DirectorMr Don Carroll –Non Executive DirectorMr Michael Tilley–Non Executive Director ContactUnit 23, 4 Ventnor Avenue,West Perth WA 6005Tel : +61 8 9200 3456Email: [email protected]W:www.kogiiron.com