METRO MINING LIMITED — Major Shareholding Notification 2014

Oct 20, 2014

HopgoodGanim

21 October 2014

Australian Securities Exchange Company Announcement Platform

By facsimile: 1300 135 638

Our Ref: 1486646 - Katherine Hammond

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Dear Sir/Madam

MetroCoal Limited - Off-market takeover bid for Cape Alumina Limited (Cape) – Form 604: Notice of Change of Interests of Substantial Holder

We are the solicitors for MetroCoal Limited (MetroCoal) in relation to its off-market takeover bid for all of the fully paid ordinary shares in Cape Alumina Limited ACN 107 817 694 (Cape or Target) which are not already held by the Company (or its Associates) under Part 6.5 of the Corporations Act 2001 (Cth) (Corporations Act) (Takeover Bid).

Please find attached in accordance with Section 671B(1)(b) of the Corporations Act, ASIC Form 604 "Notice of change of interests of substantial holder" for MetroCoal.

Yours faithfully

anim

HopgoodGanim

Contact Katherine Hammond Associate T 07 3024 0343 F 07 3024 0043 E k.hammond@hopgoodganim.com.au

Partner responsible: Michael Hansel

BRISBANE

Level 8, Waterfront Place 1 Eagle Street Brisbane Qld 4000 Australia

PO Box 7822, Waterfront Place Brisbane Qld 4001 Australia

ABN: 54 105 489 661

BRISBANE

T +61 7 3024 0000 F +61730240300

PERTH

$T + 61892118111$ F +61892261696

www.hopgoodganim.com.au

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	CAPE ALUMINA LIMITED 107 817 694
ACN/ARSN
1. Details of substantial holder (1) Name	METROCOAL LIMITED
ACN/ARSN (if applicable)	ACN 117 763 443
There was a change in the interests of the
substantial holder on		20.10.14
The previous notice was given to the company on		16.10.14
The previous notice was dated		16.10.14

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 securities (4)	Previous notice .		Present notice
	Person's votes	Voting power (5)	Person's votes .	Voting power (5)
IORD .	161,530,208	66.57%	186,606,342	176.90%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest 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	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
l16 October to 20 October 2014	IMetroCoal Limited	Acquisition of lrelevant interest in ordinary share ipursuant to acceptances of the takeover bid bv MetroCoal under the Bidder's Statement Idated 19 August 2014 (" Offer ").	1 MetroCoal fully paid ordinary share given for levery 1.3 Cape Alumina fully paid ordinary shares	25.076.134 ORD	25.076.134

Present relevant interests 4.

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	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
MetroCoal Limited	MetroCoal Limited	MetroCoal Limited	Registered Owner	138.862.510 ORD	138.862.510
MetroCoal ILimited	Various shareholders havo lwho - the Offer	accepted MetroCoal Limited	Relevant interest pursuant to acceptance of the Offer	47.743.832 ORD	47.743.832