e7c1ec62-df58-476d-914e-fd0b23a10f19.pdf PRESS RELEASE 26 April 2016

Company Announcements Office ASX Limited

METALS X EXTENDS ABY TAKEOVER OFFER

Metals X Limited ACN 110 150 055 (Metals X) refers to its announcement of 26 April 2016 regarding its off-market takeover bid for all of the fully paid ordinary shares in Aditya Birla Minerals Limited ACN 103 515 037 (ABY) (Offer).

Attached to this announcement is a notice under section 650D of the Corporations Act 2001 (Cth) extending the Offer period to 5pm AWST on 29 July 2016.

The Offer period will now close at 5pm AWST on 29 July 2016 unless otherwise extended.

End

ENQUIRIES

Peter Cook

Warren Hallam

Rod Corps

Executive Director & CEO

e: peter.cook@metalsx.com.au

Executive Director

e: warren.hallam@metalsx.com.au

Manager - Investor Relations e: rod.corps@metalsx.com.au

ASX Code: MLX

OTCQX Code: MLXEF

Level 3, 18-32 Parliament Place West Perth WA 6005

Australia

reception@metalsx.com.au www.metalsx.com.au

Notice of Variation -Extension of Offer Period under section 650D of the Corporations Act 2001 (Cth) Off-market takeover offer by Metals X Limited (Metals X) for the ordinary shares in Aditya Birla Minerals Limited

To: Australian Securities and Investment Commission (ASIC);

Aditya Birla Minerals Limited ABN 37 103 515 037 (Aditya Birla); ASX Limited (ASX); and

In accordance with ASIC Class Order [CO 13/521] each person shown on the Aditya Birla share register dated 19 April 2016 who has not accepted the Offer.

This is a notice dated 26 April 2016 given by Metals X Limited ACN 110 150 055 (Metals X or Bidder) in relation to the offer dated 30 October 2015 (as varied by notices dated 20 November 2015,

7 December 2015, 23 December 2015, 14 January 2016, 24 February 2016 and 24 March 2016) made under its off-market takeover bid to acquire up to 100% of the ordinary shares in Aditya Birla (Offer) pursuant to its bidder's statement dated 15 October 2015 (Bidder's Statement) and first supplementary bidder's statement dated 7 December 2015 (Supplementary Bidder's Statement).

Extension of Offer Period

In accordance with section 650D of the Act, Metals X gives notice that Metals X varies the Offer by:

  1. pursuant to section 650C of the Act, extending the period during which the Offer will remain open so that the Offer will now close at 5:00pm (AWST) on 29 July 2016 (instead of

    28 April 2016), unless further extended or withdrawn in accordance with the Act; and

  2. substituting the date "29 July 2016" for "28 April 2016" in the Bidder's Statement, the Supplementary Bidder's Statement, the Acceptance Form and in all other instances in relation to the Offer, where 28 April 2016 appears (or is deemed to appear) as the last day of the Offer Period.

A copy of this notice was lodged with ASIC on 26 April 2016. ASIC takes no responsibility for the contents of this notice.

This notice was approved by a unanimous resolution passed by the directors of Metals X.

Peter Cook

CEO and Executive Director Metals X Limited

Metals X Limited issued this content on 26 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2016 07:55:18 UTC

Original Document: http://www.metalsx.com.au/system/announcements/712/20160426_MLX_Extends_ABY_Takeover_Offer.pdf