METRO MINING LIMITED — Director's Dealing 2019

Apr 8, 2019

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	Metro Mining Limited
ABN	45 117 763 443

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	Simon Finnis
Date of last notice	6 March 2019

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	FINNIS 1 P/L ATF FINNIS 1 TRUST
Date of change	1. 3 April 2019 (2019 LTIP grant) 2. 7 April 2019 unquoted ordinary share options expired and not exercised
No. of securities held prior to change	• 599,143 ordinary shares in FINNIS SUPER FUND. • 3,247,493 ordinary shares in FINNIS 1 P/L. • 677,945 ordinary shares held by Metro Mining Limited Employee Share Trust on behalf of FINNIS 1 P/L. (escrowed till 30 April 2019). • 545,000 Options with exercise price of 13.7 cents and expiry of 7 April 2019. • 1,993,836 Options with exercise price of 25 cents and expiry of 24 October 2021. • 227,984 ordinary shares held by Metro Mining Limited Employee Share Trust on behalf of FINNIS 1 P/L. (escrowed till 28 Feb 2020). • 994,012 Performance Rights with nil exercise price and vesting date of 31 December 2019, subject to achievement of KPIs. Any shares issued by exercising vested rights would be subject to 12-month escrow.

• See chapter 19 for defined terms. 01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	1. Performance Rights (acquired) 2. Unquoted ordinary share options (expired)
Number acquired	1. 1,359,375 Performance Rights with nil exercise price and vesting date of 31 December 2021, subject to the achievement of KPIs. Any shares issued by exercising vested rights would be subject to a 12-month escrow.
Number disposed	2. 545,000 unquoted ordinary share options (expired and not exercised)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Based on an independent valuation report, aggregate value $160,950
No. of securities held after change	• 599,143 ordinary shares in FINNIS SUPER FUND. • 3,247,493 ordinary shares in FINNIS 1 P/L. • 677,945 ordinary shares held by Metro Mining Limited Employee Share Trust on behalf of FINNIS 1 P/L. (escrowed till 30 April 2019). • 1,993,836 Options with exercise price of 25 cents and expiry of 24 October 2021. • 227,984 ordinary shares held by Metro Mining Limited Employee Share Trust on behalf of FINNIS 1 P/L. (escrowed till 28 Feb 2020). • 994,012 Performance Rights with nil exercise price and vesting date of 31 December 2019, subject to achievement of KPIs. Any shares issued by exercising vested rights would be subject to 12- month escrow. • 1,359,375 Performance Rights with nil exercise price and vesting date of 31 December 2021, subject to the achievement of KPIs. Any shares issued by exercising vested rights would be subject to a 12-month escrow.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	1. Grant of employee Performance Rights (2019 LTIP grant) 2. Expiry of unquoted ordinary share options not exercised

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

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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

Sign here: Date: 9 April 2019 Company Secretary

Print name: Mitchell Petrie

• See chapter 19 for defined terms. 01/01/2011

Appendix 3Y Page 3