MACRO METALS LIMITED — Capital/Financing Update 2014

Jun 26, 2014

Nigerian Subsidiary

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Friday 27 June 2014

Company Announcement Office ASX Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

Despatch of Prospectus and Entitlement and Acceptance forms – Non-renounceable Entitlements Issue

Kogi Iron Limited (ASX: KFE) confirms that the prospectus dated 17 June 2014 for a pro rata non-renounceable entitlement issue on the basis of one (1) share for every five (5) shares held at an issue price of $0.03 per share with one free attaching option at an exercise price of $0.08 expiring 31 May 2017 for each new share subscribed has been despatched to shareholders together with personalised Entitlement and Acceptance Forms.

Yours faithfully,

Kogi Iron Limited

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Shane Volk Company Secretary

Telephone: +61 8 9200 3456 Facsimile: +61 8 9200 3455 Website: www.kogiiron.com

Kogi Iron Limited ABN 28 001 894 033 KCM Mining Limited (Nigerian Subsidiary)

13 Colin Street West Perth Western Australia 6005 Australia

PO Box 1934 West Perth Western Australia 6872 Australia