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MACRO METALS LIMITED Capital/Financing Update 2018

Jan 29, 2018

65283_rns_2018-01-29_ac6de1fc-5a8a-4eea-a058-4421d1af76b7.pdf

Capital/Financing Update

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MARKET RELEASE

30 January 2018

KOGI IRON LIMITED

TRADING HALT

The securities of Kogi Iron Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 2 February 2018 or when the announcement is released to the market.

Security Code: KFE

Hayley Pratt

ADVISER, LISTINGS COMPLIANCE (PERTH)

20 Bridge Street www.asx.com.au Sydney NSW 2000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

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

30 January 2018

ASX Limited Central Park 152-158 St George’s Terrace PERTH WA 6000

Attention: Hayley Pratt

Dear Hayley

Kogi Iron Limited (‘Kogi’) – Request for Trading Halt

In accordance with Listing Rule 17.1, Kogi requests that an immediate trading halt be placed on its securities pending an announcement to the market regarding a proposed capital raising transaction that is material to the Company.

The Company anticipates that the trading halt will be lifted on or before market open on Friday, 2 February 2018 by provision of an announcement to ASX regarding the proposed capital raising.

Kogi is not aware of any reason why the trading halt should not be granted, nor of any other information relevant to this request.

Yours sincerely

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Kevin Hart 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)

PO Box 1934 West Perth Western Australia 6872 Australia

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