Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Metal Bank Limited

ABN 127 297 170

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Anthony William Schreck

Date of last notice

7 July 2017

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest

Direct and Indirect

Nature of indirect interest (including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Shares held by Margaret Schreck, spouse of the Director

Date of change

4 September 2017

No. of securities held prior to change

  • 16,043,147 ordinary shares comprising 13,445,924 ordinary shares held directly and 2,597,223 ordinary shares held indirectly

  • 9,000,000 unlisted options exercisable at 3 cents per share expiry date 30 November 2018

  • 1,666,667 performance rights held directly

Class

Ordinary Shares

Performance rights expiring 30 September 2017

Number acquired

666,667 Ordinary Shares

Number disposed

1,000,000 Performance rights lapsed due to non-satisfaction of vesting conditions associated with the Rights

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

No consideration was payable for the performance rights or upon issue of shares upon satisfaction of vesting conditions associated with the Rights. The deemed issue price for the shares is 3 cents.

No. of securities held after change

  • 16,709,814 ordinary shares comprising 14,112,591 ordinary shares held directly and 2,597,223 ordinary shares held indirectly

  • 9,000,000 unlisted options exercisable at 3 cents per share expiry date 30 November 2018

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

- Issue of shares upon partial vesting of performance rights granted under the Metal Bank Performance Rights Plan in accordance with shareholder approval pursuant to Listing Rule

10.14 obtained at the Annual General Meeting of the Company held on 24 November 2016

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

n/a

Nature of interest

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailed

above traded during a +closed period where prior written clearance was required?

no

If so, was prior written clearance provided to allow the trade to proceed during this period?

n/a

If prior written clearance was provided, on what date was this provided?

n/a

Appendix 3Y Change of Director's Interest Notice

01/01/2011 Appendix 3Y Page 3

Metal Bank Limited published this content on 04 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 16:02:02 UTC.

Original documenthttp://metalbank.com.au/wp/wp-content/uploads/2017/09/20170904-Appendix-3Y-T-Schreck.pdf

Public permalinkhttp://www.publicnow.com/view/27CE0AF7D2088E432B5B6805521EE6C8F3150398