MACRO METALS LIMITED — Major Shareholding Notification 2020

Dec 17, 2020

Form 605 Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme KOGI IRON LIMITED A.C.N/A.B.N. 28 001 894 033

1. Details of substantial shareholder (1)

Leadenhall Australia Pty Ltd ABN 63 007 997 248 Noble Investments Superannuation Fund Pty Ltd ABN 98 168 638 587 Timothy Owen Lebbon ABN 12 930 874 705

The holder ceased to be a substantial shareholder on 16 December 2020

The previous notice was given to the company on: 2 December 2020 The previous notice was dated: 2 December 2020

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest[(2)] of the substantial holder or an associate[(3)] in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person’s votes affected
LEADENHALL AUSTRALIA PTY LTD
	Holding last notice – Ordinary f/p shares				1,710,768
	Holding this notice Ordinary f/p shares				1,710,768
NOBLE INVESTMENTS SUPERANNUATION FUND PTY LTD
	Holding last notice Ordinary f/p shares				44,452,799
16 Dec 2020		On market sales	Ave $0.0432 per share		-6,602,799
	Holding this notice Ordinaryf/p shares				37,850,000

Form 605

Corporations Act 2001

Section 671B

3 . Changes in Association

The persons who have become associates[(3)] of, ceased to be associates of, or have changed the nature of their association[(7) ] with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name andA.C.N./A.R.S.N. (ifapplicable)	Nature of Association
n/a

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Leadenhall AustraliaPtyLtd	GPOBox 1572 Adelaide SA5001
Noble Investments Pty Ltd as Trustee for the NobleInvestments Superannuation Fund	GPO Box 1572 Adelaide SA 5001
Timothy Owen Lebbon	GPOBox 1572 Adelaide SA5001

Signature

Name: T O Lebbon, Director Director,

Signature: ……………………………………………… Director/Secretary/Substantial Holder

Date: 18/12/2020

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interest of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

2. See the definition of “relevant interest” in Sections 608 and 671B(7) of the Corporations Act 2001.

3. See the definition of “associate” in Section 9 of the Corporations Act 2001.

4. Include details of:

5. a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

6. b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of the voting powers of, or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

7. See the definition of “relevant agreement” in Section 9 of the Corporations Act (2001).

8. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to received in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are paid directly to the person from whom the relevant interest was acquired.

9. The voting shares of a company constitute one class unless divided into separate classes. 7. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.