NEOMETALS LTD — Director's Dealing 2005

Mar 17, 2005

97 Outram Street West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

FACSIMILE TRANSMITTAL SHEET

TÓ:	FROM:
Company Announcements	David Reed
COMPANY:	DATE:
Australian Stock Exchange	18/3/2005
FAX NUMBER:	TOTAL NO. OF PAGES INCLUDING COVER:
1900 999 279	8
PHONE NUMBER:	SENDER'S REFERENCE NUMBER:
RE: Appendix 3Y & Form 604	YOUR REFERENCE NUMBER:
$\square$ FOR REVIEW $\square$ urgent	□ PLEASE COMMENT □ PLEASE REPLY □ PLEASE RECYCLE

NOTES/COMMENTS:

REED RESOURCES LTD (ASX:RDR) CHANGE OF DIRECTOR'S INTEREST CHANGE IN SUBSTANTIAL SHAREHOLDING

Please find following notices for release to market.

• Appendix 3Y (2 pages)
• $\bullet$ Form 604 (5 pages)

If you have any queries please contact me on 9322 1182.

Kind regards

ا نا

DJREED EXECUTIVE CHAIRMAN

Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	REED RESOURCES LTD
ABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	. DAVID JOHN REED .
---	15 MARCH 2004
Date of last notice	.

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	TRUCKING NOMINEES PTY LTD (DIRECTOR & CONTROLLING INTEREST)
Date of change	16 MARCH 2005
No. of securities held prior to change
DAVID JOHN REED	11,892,115
TRUCKING NOMINEES PTY LTD	2,000,000
TRUCKING NOMINEES PTY LTD ATF D.J.REED SUPERANNUATION FUND	5,112,000
Class	FULLY PAID ORDINARY SHARES
Number acquired
Number disposed TRUCKING NOMINEES PTY LTD	400,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$104,000

Appendix 3Y
Change of Director's Interest Notice

No. of securities held after change
DAVID JOHN REED	11,892,115
TRUCKING NOMINEES PTY LTD	1,600,000
TRUCKING NOMINEES PTY LTD ATF D.J.REED SUPERANNUATION FUND	5,112,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	OFF-MARKET TRADE

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation. to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

page 1/4 18 JUNE 2004

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	REED RESOURCES LIMITED
ACN/ARSN	099 116 631
1. Details of substantial holder(1)
Name	DAVID JOHN REED
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holde /	16/3/05
The previous notice was given to the company on The previous norice was cated.	607 18 18,604

2. Previous and present voting power

The previous notice was cated

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 r

Class of securities (4)	. Previous notice		Present natice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY FP	19,004.115	30.65	$ 18,604,115 $ 26.57

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

Data of change	Person whose relevant interest changed	Nature of change (6)	Consiceration given In relation to change (7)	Class and number of securities affected	Person's votes affected
	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	Recistered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
---	REFER ANNEXURE A

page 2/4 18 JUNE 2004

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:

------- a ACN/ARSN (if Name and annlicahle) vw	l association Nature of ---	. ------
	___ -- ∼ -------
	----

6. Addresses

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

______	.
Name	Address
------
	P .
	--------------------------------------- ____

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 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.
• $\left( 2\right)$ 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.
• $(5)$ Include details of:
• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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 securities to (b) 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, morey and other, that any person from whom a relevant interest was acquired has, or may, becom'e entitied 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 relevant interest was acquired.
• $\left( 3\right)$ 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".
• $\langle 9 \rangle$ Give details. 'f appropriate, of the present association and any change in that association since the last substantial holding notice.

The annexure of one page marked Annexure A in Form 604, being Notice of change of interests of substantial shareholder by David John Reed to Reed Resources Ltd

IDate of Ichange	IRerson whose: relevant Interest lchanged	⊠ Nature of	RConsideration? l qiver in relationi to change	lkClass and. chumber of Securities affected
		OFF MARKET
	16/03/2005 Trucking Nominees Pty Ltd	SALE	104,000.00	400.000

• BUY : Aquired shares pursuant to buy contracts entered into in the ordinary course of business at official meetings of Australian Stock Exchange Ltd in accordance with the rules of Australian Stock Exchange Ltd and containing no terms and conditions other than the standard terms and conditions.
• SELL : Disposed of shares pursuant to sell contracts entered into in the ordinary course of business at official meetings of Australian Stock Exchange Ltd in accordance with the rules of Australian Stock Exchange Ltd and containing no terms and conditions other than the standard terms and conditions.

The annexure of one page marked Annexure A in Form 604, being Notice of change of interests of substantial shareholder by David John Reed to Reed Resources Ltd

Holder of WAY Irelevant. ∥interest∴	Registered Iholder of I ∦securities∜	Reison entitled Nature of to be registered relevant. ∦as holder i i linterest ≳		Classiand Willerson's number of $A$ securities	Notes
IDavid John IReed	lDavid John lReed.	David John Reed	lRegistered and beneficial owner:	11,892,115	16.98%
Trucking INominees Pty Ltd	Trucking l Nominees Pty Ltd	Trucking Nominees Pty Ltd	David John Reed has a controlling interest in Trucking Nominees Pty Ltd	1.600,000	2.28%
Trucking I Nominees IPty Ltd Super Fund)	Trucking Nominees Pty Ltd (ATF DJ Reed (ATF DJ Reed (ATF DJ Reed Super Fund)	Trucking Nominees Pty Ltd Super Fund)	David John Reed is a member of Superannuation Fund	5 112,000	7.30%

The annexure of one page marked Annexure B in Form 604, being Notice of change of interests of substantial shareholder by David John Reed to Reed Resources Ltd

	Name 2019 Friday 2019 La Color San Miles Contress Enterprison after berg Scheden and the color
Trucking Nominees Pty Ltd	l56 Ranch Road IMARIGINIUP WA 6065
IDavid John Reed	l19 Avonmore Tce COTTELSOE WA 6011

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