METALS AUSTRALIA LTD — Capital/Financing Update 2022

Jun 2, 2022

ASX Announcement

3 June 2022

Notice Under Section 708A of the Corporations Act

Metals Australia Limited (Company) is pleased to advise that the Company has issued the following securities today:

• 43,572,485 Ordinary Fully Paid Shares as a result of exercise of $0.07 MLSOB Listed Options expiring on 1 June 2022.

• 850,262 Ordinary Fully Paid Shares as a result of exercise of $0.06 MLSOC Listed Options expiring on 31 December 2023.

An Underwriting Agreement remains in place for the shortfall of 10,891,766 MLSOB options that have not been validly exercised by the Expiry Date of the options.

The Shares are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX). The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 The shares were issued without disclosure to the investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

As at the date of this notice, the Company has complied with:

(a) The provisions of Chapter 2M of the Corporations Act; and

(b) Section 674 and Section 674A of the Corporations Act.

There is no excluded information for the purposes of Sections 708(7) and (8) of the Corporations Act.

This announcement was authorised for released by the Board of Directors.

Sincerely.

Michael Muhling Company Secretary Metals Australia Ltd Phone: +61 8 9481 7833

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