METRO MINING LIMITED — Major Shareholding Notification 2010

Sep 14, 2010

FORM 604 Corporations Act 2001 Section 671B

		Notice of change of interests of substantial holder

		To Company Name/Scheme
--	--	-------------------------------

ABN

Metrocoal Ltd

45 117 763 443

1. Details of substantial holder(1)

Bank of America Corporation Name ACN/ARSN (if applicable) 10-Sep-10 There was a change in the interests of the substantial holder on 19-Aug-10 The previous notice was given to the company on 17-Aug-10 The previous notice was dated

2. Previous and present voting power

The total number of votes attached to all the voting sharcs 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	14.257.086	10.06%	15,731,096	11.10%

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 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.

Date of change charged	Person whose frelevant interest	Nature of change (6).	l Consideration given in frelation to change (7).	IClass of securities laffected	l Securities	l Person's votes laffected
	Merrill Lynch iInternational	IPrime Broker with trenypothecation right Ipursuant to Prime. IBrokerage agreement I (see relevant clause 'below)*	N/A	tOrdinary Shares	1,474,010	1,474,010

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 12.9 (including, for the avoidance of doubt, the retention of any profit generated as a result of such utilisation)........

4. Present relevant interests

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

Holder of 1 relevant linterest	Registered holder lof securities	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class of securities Securities		Person's votes
lBank of America Corporation	Deemed Interest ∤from Associates	N/A	Indirect Owner	Ordinary Shares	15,731,096	15.731.096
Merrill Lynch International	iMerrill Lynch International	Prime Broker with rehypothecation right loursuant to Prime Brokerage agreement.	Beneficial Owner	Ordinary Shares	11.177.721	11,177,721
Merrill Lynch International i (Australia) Ltd	Merrill Lynch International (Australia) Limited	Merrill Lynch International I (Australia) Limited	IBeneficial Owner	Ordinary Shares	4.553.375	4.553.375

5. Changes in association

The persons who have become assolates (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:

Name and ACN/ARSN (if	--- __
lapplicable . ------	INature of association .
---- ----	ᅲ ---
	111111 _____

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
Merrill Lynch International	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Merrill Lynch International (Australia) Ltd	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	Danielle Tobin	capacity .	Vica President, Bank of America Corporation
sign here	Jaulite Ci $\cdots$	date ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	14-Sep-10