MMX MINERAÇÃO E METÁLICOS S.A. CNPJ/MF: 02.762.115/0001-49 Publicly Held Company NIRE: 33.3.0026111-7
Contact Information: Contact Information Chequer Hanna Bou-Habib Commercial Director and IR Officer Tel: (21) 2555-5558 / 2555-5234 ri@mmx.com.br
MMX: Wuhan Steel Delivers Non-Binding Offer to MMX
MATERIAL FACT
| Source: MMX Mineracao e Metalicos S.A.
RIO DE JANEIRO, BRAZIL--(Marketwire - June 23, 2009) - Further to the Material Fact
published on May 19, 2009, and in compliance with the regulations issued by
the Comissão de Valores Mobiliários ("CVM"), MMX Mineração e Metálicos S.A.
(BOVESPA: MMXM3) ("MMX") announces that it has received from Wuhan Iron and
Steel Co. ("WISCO") a non-binding offer (the "NBO") pursuant to which WISCO
would acquire a minority equity participation in MMX and its subsidiary MMX
Sudeste Mineração S.A. ("MMX Sudeste").
In accordance with the terms of the NBO, WISCO would purchase, by means of
a new issue of MMX common shares, a 9.09% participation in MMX for a total
price of US$120 million, and would further acquire a 23% equity interest in
MMX Sudeste, by means of a new share issue, for the purchase price of
US$280 million.
MMX intends to work closely with WISCO towards completing the transaction
contemplated in the NBO in the shortest time possible, and would
simultaneously negotiate a bankable long-term off-take agreement for the
supply of iron ore by MMX Sudeste to WISCO.
The NBO is non-binding in nature, and, therefore, both WISCO and MMX have
the right to withdraw from and discontinue the transaction until a mutual
and binding agreement is reached.