NEOMETALS LTD — Major Shareholding Notification 2006

Sep 18, 2006

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

19 September 2006

Company Announcements Office Australian Stock Exchange Limited Via Electronic Lodgement

Dear Sirs,

NOTICE OF CEASING TO BE A SUBSTANTIAL SHAREHOLDER

Please find following a Form 605.

Yours faithfully,

GReed

Christopher Reed Executive Director Company Secretary

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

То Company Name/Scheme	Reed Resources Ltd
ACN/ARSN	099 116 631 _________ A 4 YO F REPORTED A REPORT OF A REPORT OF A 44 YO F REPORT OF A 44 YO F REPORT OF A 44 YO F REPORT OF A 44 YO F ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

1. Details of substantial holder(1)

Name	Peter Bowman Nominees Pty Ltd at The Bowman Superannuation Fund
ACN/ARSN (if applicable)	008 801 018
The holder ceased to be a substantial halder on	706 -09. 15.
The previous notice was given to the company on-	$22 \t/12 \t/05$

22 /12 / 05

2. Changes in relevant interests

The previous notice was dated

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 i	Person whose relevant interest. changed	Nature of change (4)	Consideration. given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
15/09/06	Peter Bowman Nominees Ply Ltd atf The Bowman Superannuation flund i	Sale on Market	\$445,050	1.000.000 ord shares	$1,000,000$ ord shares

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

________	-------------------------------------- ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Name and ACN/ARSN (if applicable).	Nature of association
_________	. ለአንድ አስፈላጊ እንዲያስ አስፈላጊ እንደ አስፈላጊ በአንድ አስፈላጊ የአንድ የተያያዘው የአንድ አንድ አንድ አስፈላጊ የሚሰጥ የሚያስተው አንድ የተመለከቱ የሚገ
and and and additional control of the children's state in the control of the full state in the company of the control	-------------------------------------- $\begin{array}{llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll$

4. Addresses

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

Name	. A A CAN AN A CALLA LA CAN A HA LA ANNOVANA HI HANY LANNOVA HI HAN VE VE VI HEFT A FOR EFT " " " " " " Address .
	C/- Stirling Partners
	PO Box 777, CLAREMONT WA 6910
ੇ Peter Bowman Nominees Pty Ltd atf The Bowman ।	---
Superannuation Fund	________

Signature

print name Rodney John Lewis

Meny

capacity Secretary

date $R_t^2$ + $\mathcal{L}^{q+}$ $\mathcal{Z}x$

sign here