METRO MINING LIMITED — Major Shareholding Notification 2016

Nov 14, 2016

Form 604 Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Metro Mining Limited
ACN/ARSN	117 763 443
1. Details of substantial holder (1) Name		Balanced Property Pty Ltd as trustee for The Balanced Property Trust (Balanced Property)
ACN/ARSN (if applicable)	601 591 217
There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated		various 14/09/2015 14/09/2015

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)
ORD	68,422,752	19.1%	72.394.181	13.74%

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
21/08/2015	Balanced Property	Acquisition of shares on- market	\$24,039.00	400,000 fully paid ordinary shares	400,000
08/12/2015	Balanced Property	Off-market acquisition of shares by Balanced Property	\$250,000.03	3,571,429 fully paid ordinary shares	3.571.429
various	Balanced Property	Dilution of voting power due to new share issues occurring between 22/10/2015 and 20/09/2016	IN/A	IN/A	N/A

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
Balanced Property	Balanced Property	Balanced Property	s $608(1)(a)$ – registered holder of securities	71,994,181 fully paid ordinary shares	71,994.181
Balanced Property	Balanced Property	Balanced Property	s $608(1)(a)$ – registered holder of securities	400,000 fully paid ordinary shares	400,000

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 applicable )	ACN/ARSN	(if	Nature of association A STREET OF THE REPORT OF A REPORT

6. Addresses

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

Name	Address
Balanced Property	MGD Financial Pty Ltd, 175 Melbourne Street, South Brisbane, QLD 4101

Signature

	AAMES MORTIMER GORMAN
print name		capacity $U_{i}$ $E_{i}$ $T_{i}$
sign here	runn	date 15/11/16
	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
trustee of an equity trust), the names could be included in an ann $(1)$ is clearly set out in paragraph 6 of the form.

• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy 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
• 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 $(b)$ 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.

• 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, $(7)$ 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".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.