METRO MINING LIMITED — Major Shareholding Notification 2010

Oct 27, 2010

FORM 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Metrocoal Ltd
ABN	45 117 763 443
1. Details of substantial holder(1)
Name	Bank of America Corporation
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		22-Oct-10
The previous notice was given to the company on		24-Sep-10
The previous notice was dated		21-Sep-10

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had
a relevant interest (3) in when last required, and when now r

Class of		Previous Notice		Present Notice
securities (4)	Person's votes (5)	Voting power (6)	Person's votes (5)	Voting power (6)
Ordinary
Shares	8.231.096	5.81%	10,008.787	7.06%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of a rolovant interst of the substantial holder or an associate 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.

In/A	Merrill Lynch International (Australia) Ltd	[Collateral Received	N/A	Ordinary Shares	133,000	133.000
IN/A	Merrill Lynch International	IPrime Broker with rehypothecation right Ioursuant to Prime. Brokerage agreement (see relevant clause below)*	N/A	Ordinary Shares	1.644,691	1.644.691
Date of changercharged	Person whose relevant interest	Nature of change (6)	Consideration given in relation to change (7)	Class of securities affected	Securities	IPerson's votes. laffected

12,9 The Customer hereby consents (without any further notice, consent or reference) to MLI from time to time utilising any Securities for MLI's own purposes
and for its own benefit on the terms specified in this Clause 12 utilisation)........ $\ddot{\phantom{a}}$

$# 2$ $\overline{2}$

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of Irelovant Imterest	Registered holder lof securities	Persons entitied to be registered as holder (8)	Nature of relevant interest (6)	Class of securities Securities		Person's votes
lBank of lAmerica Corporation	Deemed Interest from Associates	IN/A	Indirect Owner	Ordinary Shares	10.008.787	10,008.787
Morrill Lynch linternational	Merrill Lynch International	Prime Broker with renypothecation right 'bursuant to Prime' Brokerage agreement.	I Beneficial Owner	Ordinary Shares	5,322,412	5,322,412
Merrill Lynch International I(Australia) Ltd	Merrill Lynch International l(Australia) Limited	Merrill Lynch Internationall (Australia) Limited	Beneficial Owner	Ordinary Shares	4.686.375	4,686,375

5. Changes in association

The persons who have become assciates (2) of, ceased to be associates of, or changed the nature of their association (9) with, the substantial holder in
relation to voting interests in the company or scheme are as follows:

IName and ACN/ARSN (if
applicable --------------------------------------	ture of association Nat . . . . ---
--------------------	. . ---
__	_ ------- ----
	------- _	.

6. Addresses

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

Mame	Address
Bank of America Corporation	100 North Tryon Street, Charlotte, North Carolina, 28255
Merrill Lynch International	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Morrill Lynch International (Australia) Ltd	Level 38, Governor Philip Tower, 1 Farrer Place, Sydney 2000

"This report is submitted on the basis of our present understanding of ASIC's current policy on reporting by Prime Brokers

Signature

print name	John O'Toole	capacity	Associate General Counsel, Bank of America Corporation
sign here		date	27-Oct-10