METRO MINING LIMITED — Share Issue/Capital Change 2019

Feb 27, 2019

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Vesting and Exercise of Employee Incentives

Metro Mining Limited (Metro) wishes to advise that 917,518 Performance Rights granted in 2018 to the Management team and Employees under its Employee Incentive Plan (approved by shareholders on 21 November 2017) have vested and have been exercised. The performance rights vested represent 66% of the total rights granted in 2018. The ordinary shares issued and acquired to satisfy the exercise will be held in the Company’s Share Trust for a 12-month escrow period.

Metro also advises that the 467,486 remaining Performance Rights granted for the 2018 performance year have lapsed.

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ASX: MMI | ACN 117 763 443

For Further Info: P : +61 (0) 7 3009 8000 | E : info@metromining.com.au |W: www.metromining.com.au Contact: Simon Finnis, MD & CEO | Amy Treble, Company Secretary Duane Woodbury , CFO Registered Office & Head Office: Level 2, 247 Adelaide St, Brisbane | GPO Box 10955, Brisbane Q 4000

This announcement has been prepared for publication in Australia and may not be released or distributed in the USA. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (as amended) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

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ASX Announcement | 28 February 2019 | Page 1