Metals Australia Limited ('Company') advises that it has been informed by Advanced Share Registry Limited that the gross proceeds received in relation to the 144,355,554 shares sold pursuant to the unmarketable parcel share sale facility will be distributed to participating shareholders on 7 February 2020.

Participating shareholders will receive a payment of $0.001 for each share sold pursuant to the unmarketable parcel share sale facility.

Shareholders that have elected to receive payment into their nominated bank account will receive the proceeds via electronic funds transfer.

Shareholders that have not elected to receive payment into their nominated bank account will receive the proceeds via a cheque posted to the registered address for their shareholding.

The Company advises that the entire gross proceeds from the share sale will be distributed to the shareholders, with all costs incurred in selling the shares, including brokerage costs, being paid directly by the Company.

Contact:

Tel: +61 8 9481 7833

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