Metminco : Consolidation/Split - MNC

Notification of Consolidation/Split

Notification of Consolidation/Split

Announcement Summary

Entity name

METMINCO LIMITED

Applicable security for the reorganisation

MNC ORDINARY FULLY PAID

Announcement Type

New Announcement

Date of this announcement

Monday December 19, 2016

Reorganisation type

Security consolidation

Effective Date

Thursday December 22, 2016

Record Date

Friday December 23, 2016

Issue Date

Wednesday January 4, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1. *Name of +Entity

   METMINCO LIMITED

2. *Registered Number Type

   ABN

   43119759349

   Registration Number

3. *ASX issuer code

   MNC

4. *The announcement is

   New announcement

5. *Date of this announcement

   Monday December 19, 2016

6. *Securities affected by the reorganisation

Notification of Consolidation/Split

MNC	ORDINARY FULLY PAID

Part 2 - Approvals

1. *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

   Security holder approval Court approval

   Lodgement of court order with +ASIC ACCC approval

   FIRB approval

   Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

   Yes

2. Approvals

Approval/Condition +Security holder approval	Date for determination Tuesday December 20, 2016	Is the date estimated or actual? Actual	**Approval received/condition met? [Select...]
Comments

Part 3 - Reorganisation timetable and details

1. *+Record date

   Friday December 23, 2016

2. Date of +security holder meeting

   Tuesday December 20, 2016

3. Last day for trading in the pre-re-organised +securities

   Wednesday December 21, 2016

4. *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no

   +deferred settlement trading however ASX still captures this date.

   Thursday December 22, 2016

5. Record date

   Friday December 23, 2016

6. First day for +entity to send notices to +security holders of the change in the number of

   +securities they hold. First day for +entity to register +securities on a post-reorganised basis

   Wednesday December 28, 2016

7. *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

   +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

   Wednesday January 4, 2017

   Notification of Consolidation/Split

8. Trading starts on a normal T+2 basis

   Thursday January 5, 2017

9. First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Monday January 9, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

1. a *Consolidation ratio: the +securities will be consolidated on the basis that every

   50

   (pre-consolidation) +securities will be consolidated into

   1

   (post-consolidation) +security (/ies).

2. *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

*ASX +Security Code MNC	*ASX +Security Description ORDINARY FULLY PAID
Quoted/unquoted Quoted	Number on issue before reorganisation 4,408,418,626	Number on issue after reorganisation 90,278,373	Estimate/Actual Estimated

Part 6 - Further information

1. Further information relating to the reorganisation

   Due to a technical glitch the ASX online consolidation form is not correctly reporting the number of Metminco shares on issue as at the date of this announcement. The number of fully paid ordinary shares on issue prior to consolidation is 4,513,918,626 not 4,408,418,626 as reported in 5.1 of this form.

2. Additional information for inclusion in the Announcement Summary