METALS AUSTRALIA LTD — Capital/Financing Update 2016

Oct 17, 2016

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MARKET RELEASE

18 October 2016

Metals Australia Limited

SUSPENSION

The securities of Metals Australia Limited (the “Company”) will be suspended from official quotation from the commencement of trade tomorrow, 19 October 2016, at the request of the Company, pending the release of an announcement.

Security Code: MLS

Jeremy Newman Senior Adviser, Listings Compliance (Perth)

Level 40 Central Park www.asx.com.au Phone: 08 9224 0000 152-158 St Georges Terrace Customer service 13 12 79 Perth WA 6000

ASX Compliance Pty Limited ABN 26 087 780 489

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ASX Release

Mr Chris Bailey Adviser, List ings Com pliance (Pert h) ASX Com pliance Pt y Lt d Level 40 Cent ral Park - 152 -- 158 St Georges Terrace PERTH WA 6000

By Email: tradinghaltsperth@asx.com.au

Dear Chris,

Metals Australia Ltd - Request for Voluntary Suspension

The Direct ors of Met als Aust ralia Lt d (t he Company ), hereby request t hat t he t rading halt on t he Com pany’s securit ies t hat w as grant ed yest erday be ext ended f or one m ore day by put t ing t he Com pany int o volunt ary suspension t o allow t he Com pany t o f inalise t he docum ent at ion in relat ion t o a m at erial acquisit ion and a cap it al raising.

The Com pany request s t he securit ies rem ain in t rading halt unt il t he earlier of t he announcem ent t o t he m arket or t he com m encem ent of t rad e on Thursday, 20 Oct ober 2016.

The Com pany is not aw are of any reason w hy t he ext ension of t he t rading halt should not be grant ed.

For further information contact:

Norman Grafton

Com pany Secret ary T + 61 8 9481 7835 ngraf t on@km m .com .au