Metal Bank : Change of interests of Substantial Holder

Form 604 page 1/2 15 July 2001

Corporations Act 2001

Section 6718

Notice of change of interests of substantial holder

To Company Name/Scheme

Metal Bank Limited

ACN/ARSN 127 297 170

1. Details of substantial holder (1)

   Name

   Celtic Stars Capital Ltd

   ACN/ARSN (if applicable) BVI No 1777406

   There was a change in the interest of the substantial holder on: 21 October 201 6 The previous notice was given to the company on: 1 8 May 2016

   The previous notice was dated: 17 May 2016

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme are as follows:

Class of Securities (4)	Previous Notice		Present notice
Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	41,202,314	8.13%	43,702,314	6.34%

3Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holder notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of secur ities affected	Person's votes affected
21	Celtic Stars	2,500,000 ordinary	3 cents per	2,500,000	2,500,000
October	Capital Ltd	shares acquired in	share	ordinary shares
2016		Rights Issue

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest

Registered holder of securities

Person entitled to be registered as holder (8)

Nature of relevant interest (6)

Class and number of securities

Person's votes

28 October 2016