METRO MINING LIMITED — Major Shareholding Notification 2010

Apr 19, 2010

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FORM 604 Corporations Act 2001 .
Section 671B

To Company Name/Scheme	Metrocoal Ltd
ACN/ARSN	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 16-Apr-10
The previous notice was given to the company on		15-Apr-10
The previous notice was dated		13-Apr-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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of		Previous Notice	Present Notice
securities (4)	Person's votes (5)	Voting power (6)	Person's votes (5)	Voting power (6)
Ordinary
Shares	9.998.053	7.06%	11,448,053	8.08%

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 relevant interest	Nature of change (6)	Consideration given in relation to change (7)	Class of securities affected	Securities	Person's votes affected
	Merrill Lynch International	Prime Broker with rehypothecation right Ipursuant to Prime Brokerage agreement (see relevant clause l below)*		Ordinary Shares	1,450.000	1,450,000

t2.9 The Customer horoby consents (without any further notico, consent or reference) to MLI from time to time utilising any Securitics 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 holder in voting securities after the change are as follows:

Holder of Irelevant interest	Registered holder of securities	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class of securities Securities		IPerson's votes
lBank of ∤America Corporation	Deemed Interest lfrom Associates	IN/A	Indirect Owner	Ordinary Shares	11,448,053	11,448.053
Merrill Lynch International	Merrill Lynch International	Prime Broker with rehypothecation right Ipursuant to Prime Brokerage agreement.	Beneficial Owner	Ordinary Shares	5.000.759	5,000,759
Merrill Lynch International (Australia) Ltd	Merrill Lynch International (Australia) Limited	Merrill Lynch International (Australia) Limited	Beneficial Owner	Ordinary Shares	6,447.294	6.447.294

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:

Name and ACN/ARSN (if
{applicable}	Nature of association

6. Addresses

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

Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ
Level 38, Governor Phillip Tower, 1 Farrer Place, Sydney 2000

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

Signature

print name	Vivian Cheung	capacity	Asia Compliance Executive Bank of America Corporation
sign here		date	20-Apr-10