METRO MINING LIMITED — Major Shareholding Notification 2016

Sep 20, 2016

13 March 2000

page 1/1

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme ACN/ARSN	Metro Mining Limited (Company) ACN 117 763 443
1. Detaile of substantial holder (1)
Name	Greensione Management (Delaware) il LLC (Greenstone Dalaware) in ils capacity as general partner of Greenstone Metro
	Holdings L.P
ACN\ARSN (if applicable)	NIA
There was a change in the interests of the
substantial holder on	19/09/2016
The previous notice was given to the company on	29/07/2016

2. Previous and present voting power

The previous notice was dated

The total number of votes attached to all the voling 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:

28/07/2016

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voling power (5)	Person's voles	Voling power (5)
Fully paid ordinary shares	94.600.000	18.36%	105.250.000	19,98%
(Shares)

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 chango	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
19/09/2016	Greenslone Management II Limited (Greanstone Management )	By reason of having voling power above 20% in Greenstone Delaware. pursuant to section 608(3) of Corporations Aci 2001 (Cth) (the Act)	N/A	10.450.000 Sharas	10.450.000
19/09/2016	Greenstone Delaware	Shares acquired pursuant to placements referred to in the Company's ASX announcement on 20 September 2016,	A\$888,250	10.450,000 Shares	10,450,000

4. Present relevant interests

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

Holder of relevant Interest	Registered holder of eecurilles	Person entitled to be registered as holder (8)	Nature of relevant Interest (6)	Class and number of eecurilles	Person's votes
Greenstone Management	Greenstone Delaware	Greenstone Delaware	By reason of having voting power above 20% In Greenslone Delaware, pursuant to section 606(3) of the Act	105,250,000 Sharee	105,260,000

	.			604 GUIDE	page 2/1	13 March 2000
Greenslone	Greensione Delaware	Greenstone Delaware	As the registered holder	105.250.000		105.250.000
Delaware			of the shares under	Shares
			section 608(1) of the Act

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:

╌ Nor olicable). пR . л в --- . . - - - .	Nalur elalles ш . .
N/A	______ NIA 18.137

6 Addresse

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

Name	Address
Greenstone Management	c/o Elysium Fund Management, 1ª Floor Royal Chambers, St Julien's Avenue, St Peter Port,
	Guerneey, GY13JX
Greenslone Dalaware	Registered: c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street,
	Wilmington, New Castle County, Delaware 19801, U.S.A.
	Postal: c/o Elysium Fund Management, 1st Floor Royal Chambers, St Julian's Avenue, St Peter
	Port, Guernsey, GY13JX

Signature

DIRECTIONS

• $(1)$ 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 equily trust), the names could be included in an annexure to the form. If the relevant interests of a group of parsons 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 7 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.
• $(4)$ The voling shares of a company constitute one class unless divided into separate classes.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other chournstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of $\left( n\right)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, schame 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 particuler 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 benefils, 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 of 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 relevent 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 eny change in that association since the last substantial holding notice.