METRO MINING LIMITED — Major Shareholding Notification 2014

Sep 14, 2014

HopgoodGanim

15 September 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 (Company) 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 the Company.

Yours faithfully

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

$T + 61730240000$ F +61 7 3024 0300

PERTH

T +61 8 9211 8111 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
ACN/ARSN	107 817 694
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	12/09/2014
The previous notice was given to the company on	19/08/2014

2. Previous and present voting power

The previous notice was dated

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:

19/08/2014

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORD _________	138 862 510 _________	.23%	141.936.929	58.49% ___

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
03 September lto 12 September 2014	MetroCoal Limited	lAcquisition of relevant interest in ordinary share Ipursuant to lacceptances of the ltakeover bid bv MetroCoal under the Bidder's Statement dated 19 August 2014 ("Offer")	1 MetroCoal fully paid ordinary share given for jevery 1.3 CapeAlumina fully paid ordinary shares	3,074,419 ORD	3.074.419

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	Person entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
IMetroCoal Limited	IMetroCoal Limited	MetroCoal Limited	Registered Owner	138.862.51 0ORD	138,862,510
MetroCoal Limited	shareholders lVarious lwho. have the Offer	accepted MetroCoal Limited	Relevant interest pursuant to acceptance of the Offer	3,074,419 ORD	3,074,419

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have 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 ۱ linahla . ----	(if `N/ARSN А١	________ . Nature of association
'N/A $\overline{\phantom{000000000000000000000000000000000000$	.	N/A -------------------------------------- ____
		. _________ -----

6. Addresses

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

_________ Name	------- dress _____
	Car Lytton Road and Stafford Street, East Brisbane, QLD 4169 . A contract of the state of the state . ---------------------------------------

Signature

	print name KATHOLINE HAMMOND	capacity	Under power of attorney from MetroCoal Limited
sign here	(Alauna)	date	15/09/14
	and the second company of the company of the company of the company of the company of the company of the company

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and $(1)$ trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

$(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

$(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown",

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$