METRO MINING LIMITED — Major Shareholding Notification 2010

Apr 15, 2010

		;852				25363856
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FORM 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder
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)
Thore was a change in the interests of the substantial holder on		$13 - Apr - 10$
The previous notice was given to the company on		21-Jan-10
The previous notice was dated		19-Jan-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 tho substantial holder or an associate (2) had
a relevant intorest (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	7.198.0531	5.08%	9,998,053	7.06%

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	IPerson whose Irelevant interest	Nature of change (6)	Consideration given in Irelation to change (7)	Class of securities affected	l Securitios	Person's votes affected
	Merrill Lynch ı International	Prime Broker with rehypothecation right Ipursuant to Prime [Brokerage agreement l (see relevant clause below)*		Ordinary Shares	2,800,000	2,800,000

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4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder (8)	Nature of relevant (6) interest	Class of securities Securities		Person's votes
Bank of America Corporation	Deemed Interest from Associates	N/A	Indirect Owner	Ordinary Shares	9.998.053	9,998,053
Merrill Lynch International	Merrill Lynch International	Prime Broker with rehypothecation right pursuant to Prime Brokerage agreement.	Í Beneficial Owner	Ordinary Shares	3,550.759	3,550,759
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 bo 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
spplicable)	Nature of association

6. Addressos

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 I (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	John O'Toole	capacity	Associate General Counsel, Bank of America Corporation
sign here		dato	15-Apr-10