Metals Australia : Issued Options Top Holders, Distribution and Terms

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Company: METALS AUSTRALIA LTD
ABN 38 008 982 474
Top Listing - Grouped
Rank	Name	Units	% of Units
1	MS CHUNYAN NIU	3,166,667	6.08
2	KOVI G INVESTMENTS PTY LTD	2,500,000	4.8
3	SIZZ PTY LTD	2,333,334	4.48
4	10 BOLIVIANOS PTY LTD	2,316,667	4.45
5	TORNADO NOMINEES PTY LTD	1,666,667	3.2
6	TRINITY DIRECT PTY LTD	1,666,667	3.2
7	MR BIN LIU	1,403,508	2.7
8	PKT SPRINGBROOK PTY LTD	1,166,667	2.24
9	FTM SHARE INVESTMENTS PTY LTD	1,166,667	2.24
10	MR DEAN L SLEIGH	1,166,667	2.24
11	MR CONSTANTINE DIFFERDING	1,166,667	2.24
12	ACUERDO PTY LTD	1,050,000	2.02
13	ORCA CAPITAL GMBH	1,000,000	1.92
14	GREGORY DENISE PTY LTD	1,000,000	1.92
15	SARISAN CONSULTANTS PTY LTD	933,334	1.79
16	ROTHERWOOD ENTERPRISES PTY LTD	842,106	1.62
17	N REILLY INVESTMENTS PTY LTD	833,334	1.6
18	ON THE CUSP INVESTMENTS PTY LTD	823,467	1.58
19	MR NOEL RUSSELL CAMERON + DR BELINDA CAROLINE GOAD	700,000	1.34
20	MR MARTIN PAUL WILSON	700,000	1.34
Totals: Top 20 holders of MLS94726 UO31122023/$0.06	27,602,419	53.01
Total Remaining Holders Balance	24,466,082	46.99
Total Holders Balance	52,068,501	100

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METALS AUSTRALIA LTD

ABN 38 008 982 474

TOP SPREAD REPORT

SPREADS OF HOLDINGS

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 - 999,999,999,999

TOTAL

NUMBER OF HOLDERS	NUMBER OF UNITS	% OF TOTAL ISSUED CAPITAL
0	0	0.00%
0	0	0.00%
0	0	0.00%
5	410,001	0.79%
96	51,658,500	99.21%
101	52,068,501	100%

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TERMS AND CONDITIONS OF OPTIONS

MLSOC (OPTION EXPIRING 31 - DEC - 2023)

1. Entitlement
   Each Option entitles the holder to subscribe for one Share upon exercise of the Option.
2. Exercise Price
   Subject to paragraph (i), the amount payable upon exercise of each Option will be $0.06 (on a post-Consolidation basis) (Exercise Price).
3. Expiry Date
   Each Option will expire at 5:00 pm (AWST) on 31 December 2023 (Expiry Date). An Option not exercised before the Expiry Date will automatically lapse on the Expiry Date.
4. Exercise Period
   The Options are exercisable at any time on or prior to the Expiry Date (Exercise Period).
5. Notice of Exercise
   The Options may be exercised during the Exercise Period by notice in writing to the Company in the manner specified on the Option certificate (Notice of Exercise) and payment of the Exercise Price for each Option being exercised in Australian currency by electronic funds transfer or other means of payment acceptable to the Company.
6. Exercise Date
   A Notice of Exercise is only effective on and from the later of the date of receipt of the Notice of Exercise and the date of receipt of the payment of the Exercise Price for each Option being exercised in cleared funds (Exercise Date).
7. Timing of issue of Shares on exercise
   Within 15 Business Days after the Exercise Date, the Company will:
8. 1. issue the number of Shares required under these terms and conditions in respect of the number of Options specified in the Notice of Exercise and for which cleared funds have been received by the Company;
   2. if required, give ASX a notice that complies with section 708A(5)(e) of the Corporations Act, or, if the Company is unable to issue such a notice, lodge with ASIC a prospectus prepared in accordance with the Corporations Act and do all such things necessary to satisfy section 708A(11) of the Corporations Act to ensure that an offer for sale of the Shares does not require disclosure to investors; and

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1. if admitted to the official list of ASX at the time, apply for official quotation on ASX of Shares issued pursuant to the exercise of the Options.

If a notice delivered under (ii) for any reason is not effective to ensure that an offer for sale of the Shares does not require disclosure to investors, the Company must, no later than 20 Business Days after becoming aware of such notice being ineffective, lodge with ASIC a prospectus prepared in accordance with the Corporations Act and do all such things necessary to satisfy section 708A(11) of the Corporations Act to ensure that an offer for sale of the Shares does not require disclosure to investors.

1. Shares issued on exercise
   Shares issued on exercise of the Options rank equally with the then issued shares of the Company.
2. Reconstruction of capital
   If at any time the issued capital of the Company is reconstructed, all rights of an Option holder are to be changed in a manner consistent with the Corporations Act and the Listing Rules at the time of the reconstruction.
3. Participation in new issues
   There are no participation rights or entitlements inherent in the Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Options without exercising the Options.
4. Change in exercise price
   An Option does not confer the right to a change in Exercise Price or a change in the number of underlying securities over which the Option can be exercised.
5. Transferability
   The Options are transferable subject to any restriction or escrow arrangements imposed by ASX or under applicable Australian securities laws.

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Company: METALS AUSTRALIA LTD
ABN 38 008 982 474
Top Listing - Grouped
Rank	Name	Units	% of Units
1	CONISTON PTY LTD	13,000,000	10.40
2	MS CHUNYAN NIU	5,128,205	4.10
3	LAWRENCE JONATHON DUGDALE	4,000,000	3.20
4	SHAW AND PARTNERS LIMITED	3,846,154	3.08
5	TAG INVESTMENTS AUSTRALIA PTY LTD	3,846,154	3.08
6	MR MICHAEL SEAN MUHLING	3,000,000	2.40
7	ROSSLEE HOLDINGS PTY LTD	3,000,000	2.40
8	MR PATRICK KOK	2,307,692	1.85
9	BURATU PTY LTD	2,000,000	1.60
10	BUPRESTID PTY LIMITED	1,700,000	1.36
11	AUTUMN ORIGIN CAPITAL PTY LTD	1,538,462	1.23
12	KOVI G INVESTMENTS PTY LTD	1,538,462	1.23
13	MR VIKTOR KONDAS	1,384,615	1.11
14	10 BOLIVIANOS PTY LTD	1,307,692	1.05
15	ORACLE CUSTOMER MANAGEMENT SOLUTIONS PTY LTD	1,282,051	1.03
16	SIZZ PTY LTD	1,282,051	1.03
17	MR CONSTANTINE DIFFERDING + MRS TONIE MAREE DIFFERDING	1,153,846	0.92
18	VIVO TRADING PTY LTD	1,153,846	0.92
19	V&F TRUDA PTY LTD	1,100,000	0.88
20	TRINITY DIRECT PTY LTD	1,025,641	0.82
Totals: Top 20 holders of MLS94725 UO10022024/$0.05	54,594,871	43.68
Total Remaining Holders Balance	70,405,129	56.32
Total Holders Balance	125,000,000	100