Metal Bank : Notice under section 708A(5)(e) Corporations Act

ASX ANNOUNCEMENT 6 August 2020

ASX: MBK

NOTICE UNDER SECTION 708A(5)(e) CORPORATIONS ACT

As announced on 6 August 2020, the Company issued a total of 132,428,574 fully paid ordinary shares to a number of sophisticated and exempt investors.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Corporations Act) that:

1. the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;
2. as at the date of this notice the Company has complied with:
3. 1. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
   2. Section 674 of the Corporations Act; and
4. as at the date of this notice, there is no 'excluded information' (as defined in subsection 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

Sue-Ann Higgins

Executive Director and Company Secretary

This ASX release was authorised for release by the Board of Metal Bank Limited.

Metal Bank Limited ABN 51 127 297 170

Suite 506, Level 5, 50 Clarence St, Sydney NSW 2000

Mail: PO Box Q128, Queen Victoria Building, NSW 1230 Australia

T: [phone] F: [phone] E: [e-mail]: www.metalbank.com.au