NEOMETALS LTD — Major Shareholding Notification 2012

May 21, 2012

22-May-12

Company Announcements Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 200

Fax: 1300 135 638

Dear Sir/Madam

Substantial Shareholder Notice

In accordance with section 671B(3) of the Corporations Act 2001 (Cth), I attach a Ceasing to be a Substantial Holder (Form 605) in respect of Reed Resources Ltd

Yours faithfully

Director

Northoape Capital Ply Ltd
Level 23. Australia Squara, 264 George Street Sydney NSW 2000
P + 61 2 9220 3300 P + 61 2 9220 3300 P + 61 2 92472801 Invest@narthcape.com.au ABN \$3.106.390.247

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To Company Name / Scheme Reed Resources Ltd 099116631 ACN / ARSN 1. Detail of Subatantial Shareholder (1) NORTHCAPE CAPITAL PTY LTD Neme 106 390 247 ACN / ARSN (If Applicable) 21/05/2012 The holder ceased to be a substantial holder on The previous notice was given to the company on 16/05/2012 The previous notice was dated 11/05/2012

2. Changes in relevant interests

Particulars of sectionange in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in votting ascurities of the company or scheme, since the substantial holder was lest required to give a substantial holding no

Date of Change	Person whose relevant linters st ohunged.	Nature of change (4)	Consideration given in relation i ta change (5)	Class (6) and Number of securities affected	Person's votes affected
		Purchases
	Northcape Capital Ptv Ltd	Sales

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 sa follows:

Neme and ACN/ARSN (if applicable)	--------------------------------------- Nature of Association --------------------------------------
	---------------------------------------
سيستعاذ	_ -------

4. Addresses

The addresses of persons in this form are es follows;

Name	Address ---------	---------------------------------------
Northcape Capital Pty Ltd	L23 Australia Square, 264 George St, Sydney NSW 2000	________
_________		.

Signature	Print Name	$S, G$ ladien	Capacity	DIRECTOR
	Sign Here	الناسبيلين	Date	22/5/12

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant intersets (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 easentially similar. they may be referred to throughout the form as a spacifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

(2) See the definition of "relevant Interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(3) See the definition of "associate" in section 9 of the Corporations Act 2001.

(4) Include details of:

(a) any relevant agreement or other circumatences because of which the change in relevant interest occurred. If subsection 671B(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 (b) 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 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relavant agreement" in saction 9 of the Corporations Act 2001.

(5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitied to receive in relation to that acquisition. Deteils must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any banefit 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.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.