METRO MINING LIMITED — Major Shareholding Notification 2010

Jan 21, 2010

	FORM 603 Corporations Act 2001 Section 571B
Notice of initial 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)
The holder became a substantial holder on	19-Jan-2010

2. Details of voting power

з.

그 - - - - - - - - - - - - - - - - - - -

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Class of Securities (4)	Number of Securities Person's votes (5) Voting Power (6)
Ordinary Shares	7,198,053	7.198.053	5.08%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a
substantial holder as follows:

Holder of relevant interest	Nature of relayant interest (7)		Class of securities Mumber of Securities
Bank of America Corporation associates)	Beneficial Owner (deemed interest from its a	Ordinary share	7.198.053
Merrill Lynch International	Prime Broker with rehypothecation right gursuant to Primo Brokerage agreement (see relevant clause below)*	Ordinary share	750.759
Merrill Lynch International (Australia) Lid	Beneficial Owner	Ordinary share	6.447.294

12.9 The Customer hereby consents (without any further notice, consent or reference) to ML:1 from time to lime utilising any Securities for MLI's own purposes and
for its own benefit on the terms specified in this Clause 1

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

iHolder of rolevant interest	Registered holder of lsecurities	Persons entitled to be registered jas holder (8)		IClass of securities INumber of Securities
Bank of America Corporation [its associates	IDeemed interest from	N/A	Ordinary share		7.198.053

Merrill Lynch International	Prime Broker with rchypothecation right pursuant to Prime (Brokerage agreement.	IN/A	lOrdinary sharo	750.752
Menill Lynch International (Australia) Ltd	Merrill Lynch International (Australia) International Limited	Merrill Lynch (Australia) Limited Ordinary share		6,447.294

5. Consideration

The consideration paid for each relevant interest reterred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder
Decame a substantial holder is as follows:

Holder of Relevant Interest Date of Acquisition	Consideration (9)		Class and number of securities
	Cash	Non Cash
		---
$ - -$

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder as follows:

Name and ACN/ARSN (if applicable)	Nature of essociation
Bank of America Corporation	Lutimate holding company
Memit Lynch International	Subsidiary of Bank of America Corporation
Merrill Lynch International (Australia) Ltd	Subsidiary of Merrill Lynch & Co., Inc.

7. 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		Vice President, Bank of America Corporation
sign hers	Saulitoli	date	1/21/2009