Metal Bank : Initial Director’s Interest Notice

Appendix 3X Initial Director's Interest Notice

Appendix 3X

Initial Director's Interest Notice

Rule 3.19A.1

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 30/9/2001.

Name of entity

Metal Bank Limited

ABN 51 127 297 170

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Sue-Ann Mary Higgins
Date of appointment	24 February 2020

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

1,141,574 Ordinary Shares

+ See chapter 19 for defined terms.	Appendix 3X Page 1
11/3/2002

Appendix 3X

Initial Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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

Name of	holder	& nature of	Number & class of Securities
interest
Note: Provide details of the circumstances giving rise
to the relevant interest.
Higgins (Australia) Pty Ltd ACN	2,810,917 ordinary shares
148 866	442
Fund>. Sue-Ann Higgins is a
director of this Company and
has a relevant interest under
Section 608(1)(b) and (c) of the
Corporations Act.
Aristo Jet Capital Ltd - Sue-Ann
Higgins is the settlor and a
member of the pension fund	53,072,545 ordinary shares
which owns the shares in Aristo
Jet Capital Ltd and has a
relevant	interest	under Section
608(1)(c)	of	the	Corporations
Act.

Part 3 - 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

nil

Nature of interest

Name of registered holder (if issued securities)

No. and class of securities to which interest relates

+ See chapter 19 for defined terms.	11/3/2002
Appendix 3X Page 2