NEOMETALS LTD — Major Shareholding Notification 2009

Jan 8, 2009

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme Reed Resources Limited
Details of substantial holder 1.
Name	UBS Nominees Pty Ltd and its related bodies corporate
ABN (if applicable):	32 001 450 522
There was a change in interest of the substantial holder on:		06 January 2009
The previous notice was dated:		02 September 2008

2. Previous and present voting power

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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous Notice		Present Notice
	Person's Votes	Voting Power	Person's Votes	Voting Power
Ordinary	13.452.850	9.93%	11.972.454	8.70%

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 change	Person whose relevant interest changed	Nature of Change	Consideration given in relation to change	Class and Number of securities	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.

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	Registered holder of securities	Person entitled to be registered holder	Nature of relevant interest Class and	number of securities	Person's votes

UBS AG, London Branch	Various Custodians	UBS AG. London Branch	Prime Broker with power to control the exercise of the	11.972.454	11.972.454
			power to dispose of shares pursuant to a Prime Broking Agreement	Ordinary

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:

_________ Name and ACN (if applicable) BARBARAHAMAHAMAHAMAH	Nature of association
______
N/A

6. Addresses

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

Name	Address
Details of all UBS offices can be found through the following link: http://apps.ubs.com/locationfinder

SIGNATURE

	Print Name: Peter Tillman	Capacity: Alternate Director
Sign Here:	تصد ويرسمه	Date: 08 January 2009

Contact details for this notice:

Peter Tillman Legal & Compliance $29324$
(w) +61 2 9324 2231
(f) +61 2 9324 2558 email: peter.tillman@ubs.com