MACRO METALS LIMITED — Capital/Financing Update 2005

Mar 3, 2005

BRAINYTOYS LIMITED

ABN 28 001 894 033

Registered Office: 6/34 York Street North Perth WA 6006 Phone 08 9228 0703 Fax 08 9228 0704

4 March 2005

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Company Announcements Australian Stock Exchange Limited 20 Bond Street SYDNEY NSW 2000

BY FAX 1900 999 279

PROSPECTUS CLOSED

The Company has today reached its minimum subscription of \$1,750,000 and the Offer is now Closed. The Securities pursuant to the Prospectus will be issued shortly.

In accordance with the Resolutions passed at the General Meeting dated 13 January 2005, the Company issues the following Consolidation Timetable.

Event	Date	Business Day
Shareholder approval	13 January 2005
Minimum subscription reached under Prospectus	4 March 2005	0
Trading would normally commence in the	9 March 2005
reorganised securities on a deferred settlement
basis
Record date. Last day for the Company to	16 March 2005	5
register transfers on a pre-reorganisation basis
First day for the Company to register transfers on	17 March 2005	6
a post reorganisation basis
Despatch date	23 March 2005	10
Normal trading commences	24 March 2005	$\overline{1}$
Deferred settlement trading would normally end	31 March 2005	14

For more information, contact Jay Stephenson on 08 9228 0703.

JAY STEPHENSON COMPANY SECRETARY