NEOMETALS LTD — Major Shareholding Notification 2009

Mar 18, 2009

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial shareholder

To: Company name/Scheme: Reed Resources Limited 1. Details of substantial holder (1) Name: UBS Nominees Pty Ltd and its related bodies corporate ABN (if applicable): 32 001 450 522 Ceased to be a substantial shareholder 16 March 2009 The previous notice was dated: 11 March 2009 2. Changes in relevant changes

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	. Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of shares affected	Person's votes affected
N/A. As these holdings were held by UBS AG, London Branch on behalf of Prime Brokerage clients, there is no trading by UBS AG, London Branch to be reported.

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	Nature of association
N/A ---

4. Addresses

The addresses of persons named in this form are:
Name	Address
UBS Nominees Pty Ltd	Level 16, 2 Chifley Square, Sydney NSW 2000

Signature

Name:	Peter Tillman		Capacity: Alternate Director
Signature:	$\sim$	Date:	18 March 2009
	$\sim$ . . .

Director, secretary or substantial shareholder