METRO MINING LIMITED — Director's Dealing 2019

Mar 5, 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 30/9/2001.

Name of entity METRO MINING LIMITED ABN 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	3 August 2018

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. 28 February 2019 (“2018 STI awardand 2018 STI Lapse”);and 2. 5 March 2019(“2019 STIgrant’)
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. • 455,967 Performance Rights with nil exercise price and vesting date of 31 January 2019.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class	1. Ordinary Shares (acquired) and Performance Rights (disposed) (“2018 STI awardand2018 STI Lapse”);and 2. Performance Rights (acquired) (“2019 STIgrant’)
Number acquired	1. 227,984 Ordinary Shares from exercise of performance rights (escrowed till 28 Feb 2020).(‘2018 STI award’) 2. 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.(‘2019 STI grant’)
Number disposed	1. 227,983 Performance Rights with nil exercise price and vesting date of 31 January 2019, have lapsed.(‘2018 STI lapse’).
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $31,993 paid for on-market purchase by Employee Share Trust to satisfy2018 STI award 2. $159,042 fair value of2019 STI grant
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). • 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.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

• Nature of change 1. Exercise and lapse of Employee Example: on-market trade, off-market trade, exercise of options, issue of Performance rights (‘ 2018 STI Award securities under dividend reinvestment plan, participation in buy-back and 2018 STI lapse’ )

• 1. Grant of Employee Performance rights (‘ 2019 STI Grant’ )

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

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 N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002