MACRO METALS LIMITED — Capital/Financing Update 2016

Mar 15, 2016

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16 March 2016

KOGI IRON LIMITED

EXTENSION OF SPP CLOSING DATE

Kogi Iron Limited (“Kogi” or “the Company”) (ASX: KFE) advises that the Share Purchase Plan (“SPP”) closing date has been extended until 31 March 2016.

As a consequence, presented below is an updated indicative timetable:

Indicative Timetable

Record Date 5pm WST	25 February 2016
Announcement of Plan	26 February 2016
Opening Date of Offer	1 March 2016
Closing Date of Offer	31 March 2016
Lodge Appendix 3B, Issue of Shares	4 April 2016
under the Plan*
Dispatch date for holding statements*	6 April 2016
Quotation of Shares on ASX*	11 April 2016

• These dates are indicative only. The Company may vary the dates and times of the Offer without notice. Accordingly, shareholders are encouraged to submit their Application Forms as early as possible.

Should you wish to discuss any information contained in this letter further, do not hesitate to contact myself on +61 8 9200 3456.

Yours faithfully

Ian Burston Director Kogi Iron Limited

ENDS

PO Box 1934 Telephone: +61 8 9200 3456 West Perth Western Australia 6872 Facsimile: +61 8 9200 3455 Australia Website: www.kogiiron.com

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

Unit 23, 4 Ventnor Avenue West Perth Western Australia 6005 Australia