METRO MINING LIMITED — Major Shareholding Notification 2010

Sep 23, 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		21-Sep-10
The provious notice was given to the company on		14-Sep-10
The previous notice was dated		10-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 schome that the substantial holder or an associate (2) had a
relevant interest (3) in when last required, and when now r

Class of		Previous Notlce		Present Notice
securitios (4)	Person's votes (5)	Voting power (6)	Person's votes (5)	Voting power (6)
Ordinary
Shares	15.731.096	11.10%	8.231.096	5.81%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of a relevant interst of the substantial holder or an associate in voting socurities of the company or scheme,
since the substantial holder was last required to give a

Date of change charged	Person whose Irelevant Interest	Nature of change (6)	Consideration given in irelation to change (7)	Class of securities	lSecurities laffected	Person's votes laffected
IN/A	Merrill Lynch Imternational	lPrime Broker with rehypothecation right pursuant to Frime Brokerage agreement l(see relevant clause below)"	IN/A	Ordinary Shares	-7 500 000	$-7,500,000$

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 $u$ ilisation)........

l,

4. Present relevant interests

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

Holder of Irelevant interest	securities	Registered holder of Persons entitled to be registered as holder (8)	Nature of relevant linterest (6)	Class of socurities Securities		IPerson's votes
Bank of America Corporation	Deemed Interest lfrom Associates	IN/A	Indirect Owner	Ordinary Shares	8.231.0961	8.231.096
Morrill Lynch International	Merrill Lynch International	lPrime Broker with rehypothecation right Ipursuant to Prime. Brokerago agreement.	Beneficial Owner	Ordinary Shares	3.677.721	3.877.721
Merrill Lynch Ilnternational l(Australia) Ltd	Merrill Lynch International (Australia) Limited	Merrill Lynch International KAustralia) Limited	Beneficial Owner	Ordinary Shares	4.553.375	4.553.375

5. Changes in association

The parsons who have become assciates (2) of, caased 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 schome are as follows:

Name and ACN/ARSN (If applicable) Nature of association

6. Addresses

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

Name	Address
Bank of America Corporation	100 North Tryon Street, Charlotte, North Carolina, 28255
Meniil Lynch Intomational	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Merrill Lynch International (Australia) lLtd	Level 38, Governor Phillip 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'Toolo	capacity	Associate General Counsol, Bank of America Corporation
sign here		dato	24-Sep-10

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