MACRO METALS LIMITED — Director's Dealing 2015

Jan 8, 2015

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Nigerian Subsidiary
Nigerian SubsidiaryNigerian Subsidiary
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9 January 2015

Change in Director Interests

Kogi Iron Limited (ASX: KFE) (“Kogi”, “Kogi Iron” or the “Company”) and its 100% owned Nigerian operating company, KCM Mining Limited (“KCM”) provides context in respect to the attached change in director interest notices.

Change in director interests

Included in this announcement are individual notices for each of the Company’s directors advising a change in each directors shareholding of the Company (Appendix 3Y’s).

These changes in shareholdings represent the transfer by each director of all of their Loan Shares to the Kogi Iron Employee Incentive Trust (“Incentive Trust”).

The Loan Shares were approved by shareholders on 30 November 2012 and awarded in December 2012, subject to a variety of vesting conditions, which were to be satisfied by 31 December 2014 (for details please refer to ASX announcement of 26 October 2012 – Notice of Annual General Meeting). As the vesting conditions were not achieved by 31 December 2014, each director is now required to transfer his Loan Shares into the Incentive Trust.

There has been no other change in any directors’ shareholding of the Company.

• end -

For more information, please contact:

Kogi Iron Limited Tel (office): +61 8 9200 3456 Email: info@kogiiron.com

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

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About Kogi Iron (ASX: KFE)

Kogi Iron Limited is a Perth-based company which owns 100% of the Agbaja iron ore project located in Kogi State, Republic of Nigeria, West Africa (“Agbaja” or “Agbaja Project”). The Company has completed a Preliminary Feasibility Study which determined that the development and operation of a mine and processing plant at Agbaja to produce 5 Mtpa of iron ore concentrate is technically feasible, economically viable and socially and environmentally acceptable. Concentrate from Agbaja is initially proposed to be transported via river barge along the Niger River to the Gulf of Guinea and world export markets. The Company will continue to advance access and usage agreements for an existing underutilised heavy haulage railway that runs from near the Agbaja Project to Port Warri. This existing railway remains an important part of a longer term transport solution for an expanded production profile.

In recent years Nigeria has sought to diversify its economy, which is dominated by hydrocarbons, into minerals and related industries. Nigeria is the largest country by population in Africa with a GDP growth rate of 7.2% in 2014. The country has very transparent and consistent mining regulations and very favourable fiscal terms for foreign investment in mining.

The Company holds a land position of approximately 400km[2 ] covering 16 tenements, with the main focus being EL12124 which covers a large part of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Indicated and Inferred Mineral Resource of 586 million tonnes with an in-situ iron grade of 41.3% reported in accordance with the JORC Code (2012). This mineral resource covers approximately 20% of the prospective plateau area within EL12124.

Forward-looking Statements

This announcement contains forward-looking statements which are identified by words such as ‘anticipates’, ‘forecasts’, ‘may’, ‘will’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘plan’ or ‘intends’ and other similar words that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of our Company, the Directors and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.

Competent Persons’ Statements

The information in this announcement that relates to Mineral Resources at Agbaja is extracted from the ASX announcement entitled “Mineral Resources at Agbaja Increase 20% to 586MT includes an Indicated Resource of 466MT” and is available to view on www.kogiiron.com. The Company confirms that it is not aware of any information or data that materially affects the information included in the original market announcement and, in the case of estimated Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

2

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

Name of Director	Giuseppe(Joe)Ariti
Date of last notice	24�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.	n/a
Date of change	02�01�2015
No. of securities held prior to change	10,100,000 ordinary shares (of which 6,000,000wereLoanSharespursuanttothe CompanyLoanSharePlan) 3,500,000options(exprice$0.08,Exp.31�05� 2017)
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	6,000,000fullypaidordinaryshares
Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04perordinaryshare

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

No. of securities held after change 4,100,000�ordinary�shares��� 3,500,000�options�(ex�price�$0.08,�Exp.�31�05� 2017)� Nature of change Off�market�transfer�being�the�disposal�of�Loan� Performance�Shares�in�accordance�with�the� Example:�on�market�trade,�off�market�trade,�exercise�of�options,� issue�of�securities�under�dividend�reinvestment�plan,�participation�in� rules�of�the�Kogi�Iron�Limited�Loan�Share�Pan.� buy�back

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed� Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation�� Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

We(theentity)giveASXthefollowing thedirectorforthepurposesofsection	informationunderlistingrule3.19A.2andasagentfor 205GoftheCorporationsAct.
Name of Director	DRIANBURSTON
Date of last notice	24�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.
Date of change	02�01�15
No. of securities held prior to change	Direct:26,085,597ordinaryshares(ofwhich 7,500,000wereLoanSharespursuant totheCompanyLoanSharePlan) 9,166,667options(exprice$0.08, Exp.31�05�2017) Indirect:1,693,425ordinarysharesheldby MrsRosemaryBurston
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	7,500,000fullypaidordinaryshares
Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04perordinaryshare

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

No. of securities held after change Direct:�18,585,597�ordinary�shares�� 9,166,667�options�(ex�price�$0.08,� Exp.�31�05�2017)� Indirect:�1,693,425�ordinary�shares�held�by� Mrs�Rosemary�Burston� Nature of change Off�market�transfer�being�the�disposal�of�Loan� Performance�Shares�in�accordance�with�the� Example:�on�market�trade,�off�market�trade,�exercise�of�options,� issue�of�securities�under�dividend�reinvestment�plan,�participation�in� rules�of�the�Kogi�Iron�Limited�Loan�Share�Pan.� buy�back

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed� Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation�� Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

We(theentity)giveASXthefollowing thedirectorforthepurposesofsection	informationunderlistingrule3.19A.2andasagentfor 205GoftheCorporationsAct.
Name of Director	DonCarroll
Date of last notice	24�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.
Date of change	02�01�2015
No. of securities held prior to change	Direct:7,518,013ordinaryshares(ofwhich 6,000,000wereLoanSharespursuant totheCompanyLoanSharePlan) and1,200,000options(exprice$0.08, Exp.31�05�2017) Indirect:4,577,777ordinarysharesand 1,466,666options(exprice$0.08, Exp.31�05�2017)heldbyDA&LM CarrollSuperannuationFund
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	6,000,000fullypaidordinaryshares
Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04perordinaryshare

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

No. of securities held after change	Direct:1,518,013ordinarysharesand1,200,000 options(exprice$0.08,Exp.31�05� 2017) Indirect:4,577,777ordinarysharesand 1,466,666options(exprice$0.08, Exp.31�05�2017)heldbyDA&LM CarrollSuperannuationFund
Nature of change Example:on�markettrade,off�markettrade,exerciseofoptions, issueofsecuritiesunderdividendreinvestmentplan,participationin buy�back	Off�markettransferbeingthedisposalof LoanPerformanceSharesinaccordancewith therulesoftheKogiIronLimitedLoanShare Pan.

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation� Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

Name of Director	KevinJoseph
Date of last notice	18�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.
Date of change	02�01�2015
No. of securities held prior to change	Direct:11,650,841(ofwhich6,000,000were LoanSharespursuanttotheCompanyLoan SharePlan) Indirect:2,612,247
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	6,000,000fullypaidordinaryshares
Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04perordinaryshare
No. of securities held after change	Direct:5,650,841 Indirect:2,612,247

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Nature of change Off�market�transfer�being�the�disposal�of�Loan� Performance�Shares�in�accordance�with�the� Example:�on�market�trade,�off�market�trade,�exercise�of�options,� issue�of�securities�under�dividend�reinvestment�plan,�participation�in� rules�of�the�Kogi�Iron�Limited�Loan�Share�Pan.� buy�back

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed� Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation�� Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

Name of Director	BrianKing
Date of last notice	24�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.	n/a
Date of change	02�01�2015
No. of securities held prior to change	8,224,444ordinaryshares(ofwhich6,000,000 wereLoanSharespursuanttotheCompany LoanSharePlan)and1,833,333options(ex price$0.08,Exp.31�05�2017)
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	6,000,000
Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04perordinaryshare
No. of securities held after change	2,224,444 ordinary shares and 1,833,333 options(exprice$0.08,Exp.31�05�2017)

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Nature of change Off�market�transfer�being�the�disposal�of�Loan� Performance�Shares�in�accordance�with�the� Example:�on�market�trade,�off�market�trade,�exercise�of�options,� issue�of�securities�under�dividend�reinvestment�plan,�participation�in� rules�of�the�Kogi�Iron�Limited�Loan�Share�Pan.� buy�back

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed� Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation�� Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Rule�3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information�or�documents�not�available�now�must�be�given�to�ASX�as�soon�as�available.��Information�and� documents�given�to�ASX�become�ASX’s�property�and�may�be�made�public.�

Introduced 30/09/01 Amended 01/01/11

Name of entity KOGI IRON LIMITED ABN 28 001 894 033

We�(the�entity)�give�ASX�the�following�information�under�listing�rule�3.19A.2�and�as�agent�for� the�director�for�the�purposes�of�section�205G�of�the�Corporations�Act.���

We(theentity)giveASXthefollowing thedirectorforthepurposesofsection	informationunderlistingrule3.19A.2andasagentfor 205GoftheCorporationsAct.
Name of Director	NathanTaylor
Date of last notice	24�07�2014

Part 1 - Change of director’s relevant interests in securities

In�the�case�of�a�trust,�this�includes�interests�in�the�trust�made�available�by�the�responsible�entity�of�the�trust�

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(i)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.�

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note:Providedetailsofthecircumstancesgivingrisetotherelevant interest.
Date of change	02�01�2015
No. of securities held prior to change	Direct:10,065,000ordinarysharesand833,333 options(exprice$0.08,Exp.31�05� 2017) Indirect:(a)494,792ordinarysharesand 416,667options(exprice$0.08,Exp. 31�05�2017)byTaylorFamily SuperannuationFund. (b)494,792ordinarysharesand 416,667options(exprice$0.08,Exp. 31�05�2017)byKildonanGroup SuperannuationFund. (c)1,000,000ordinarysharesand 1,000,000options(exprice$0.08, Exp.31�05�2017)byTherese�Maree Taylor.
Class	fullypaidordinaryshares
Number acquired	Nil
Number disposed	6,000,000fullypaidordinaryshares

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�1�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Value/Consideration Note:Ifconsiderationisnon�cash,providedetailsandestimated valuation	$0.04pershare
No. of securities held after change	Direct:4,065,000ordinarysharesand833,333 options(exprice$0.08,Exp.31�05� 2017) Indirect:(a)494,792ordinarysharesand 416,667options(exprice$0.08,Exp. 31�05�2017)byTaylorFamily SuperannuationFund. (b)494,792ordinarysharesand 416,667options(exprice$0.08,Exp. 31�05�2017)byKildonanGroup SuperannuationFund. (c)1,000,000ordinarysharesand 1,000,000options(exprice$0.08, Exp.31�05�2017)byTherese�Maree Taylor.
Nature of change Example:on�markettrade,off�markettrade,exerciseofoptions, issueofsecuritiesunderdividendreinvestmentplan,participationin buy�back	Off�markettransferbeingthedisposalofLoan PerformanceSharesinaccordancewiththe rulesoftheKogiIronLimitedLoanShare Pan.

Part 2 – Change of director’s interests in contracts

Note:�In�the�case�of�a�company,�interests�which�come�within�paragraph�(ii)�of�the�definition�of�“notifiable�interest�of�a�director”�should� be�disclosed�in�this�part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note:�Details�are�only�required�for�a�contract�in� relation�to�which�the�interest�has�changed Interest acquired Interest disposed Value/Consideration Note:�If�consideration�is�non�cash,�provide�details� and�an�estimated�valuation� Interest after change

+�See�chapter�19�for�defined�terms.�

Appendix�3Y�Page�2�

01/01/2011�

Appendix�3Y� Change�of�Director’s�Interest�Notice�

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

+�See�chapter�19�for�defined�terms.�

01/01/2011�Appendix�3Y��Page�3�