NEOMETALS LTD — Major Shareholding Notification 2012

May 15, 2012

16-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 Notice of Initial Substantial Holder (Form 603) in respect of Reed Resources Limited

4 pages in total including this letter.

Yours faithfully

John Whiteman Director

Northcape Capital Pty Ltd Lavel 23, Australia Square, 244 George Street Sydney NSW 2000
P+61 2 9220 3300 P+61 2 9220 3300 hweri@nerihoope.com.au ABH 83 104 390 247

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Form 603 Corporations Act 2001 Section 671B

Notice of Initial Substantial Holder

To Company Name / Scheme Read Resources Limited

ACN / ARSN

099116631

1. Detail of Substantial Shareholder (1)

Name	NORTHCAPE CAPITAL PTY LTD	_________
ACN / ARSN (if Applicable)	106 390 247 -----
The holder became substantial shareholder on	1/05/2012

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

__ Class of Securities (4)	Number of Securities	Person's Votes (5)	Voting Power (8)
lOrdinary ----------	22.928.199	22,928.199	5.20%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and Number of securities
	Power to vote and dispose of shares in the Northcape Capital Pty Ltd	22.926.199
	iwholesale investors.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above ere as follows:

Holder of relevant securities .	Registance holder of securities	[Person entitled to be registered as holder [Class and number of securities (8)
lSee Annexure

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Type	Date of lacquisition.	Consideration (9)		Class and number of securities
			Cash	Non-caeh
	Purchases	[Varlous	\$2,474,205.01		11,582,707
Northcape Capital Pty Ltd	l Sales	Various	346,073.41 ж		942,062

6. Associates

The reasons the persons named in paragraph 3 above are essocietes of the substantial holder are as follows:

Neme and ACN/ARSN (if applicable) Nature of association
N/A	N//

7. Addresses

The addresses of persons in this form are as follows:

Northcape Capital Pty Ltd	L23 Australia Square, 254 George St, Sydney NSW 2000 .

Signature	Print Name	John Whiteman	Capacity	DIRECTOR
	Sign Here	Contractor -X7 wa 20	Oate	11/05/2012

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 persone are essentially similar, they may be referred to throughout the form as a apecifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

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

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

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

(5) The total number of votes attached to all the voting sharas in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

(8) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If aubsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a atatement 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 dispossi of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevent agreement" in section 9 of the Corporations Act 2001.

(8) 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".

(9) Details of the consideration must include any and all banefits, 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. 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.

Annexure 1

The persons registered as holders of the securities

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities		Person's votes
Northcape Capital Pty Ltd	HSBC Custody Ltd	HSBC Custody Nominees (Australia) Nominees (Australia) Ltd	Power to vote and dispose of shares in the Paid capacity as investment manager	Ordinary Fully	2,391,792	2.391.792
Northcape Capital Pty Ltd	Australia Ltd	JP Morgan Nominees JJP Morgan Nominees Australia Ltd	Power to vote and dispose of shares in the Paid capacity as investment manager	Ordinary Fully	15,729,396	15,729,396
Northcape Capital Pty Ltd	National Nominees Ltd	National Nominees Ltd	Power to vote and dispose of shares in the Paid capacity as investment manager	Ordinary Fully	2.712.459	2.712.459
Northcape Capital Pty Ltd	RBC Dexia Investor Services Trust	RBC Dexia Investor Services Trust	Power to vote and dispose of shares in the Paid capacity as investment manager	Ordinary Fully	2.094,552	2,094,552

Northcape Capital Pfy Ltd
Level 23, Australia Square, 264 George Street Sydney NSW 2000 P+61 2 9220 3300 F+61 2 92472801 Invest@nathcape.com.au ABN 33 106 370 247

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