CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

    METOREX LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1934/005478/06)

Share code: MTX

ISIN: ZAE000022745

Issuer code: MEMTX

("Metorex")

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that Metorex's annual financial statements for the
year ended 30 June 2008 will be posted to shareholders on or about 22 December
2008 and contain no changes or modifications to the consolidated reviewed
provisional results as published on SENS on 21 August 2008 other than a
reclassification between taxation and deferred tax and the separation of the
deferred tax asset and liability on the face of the balance sheet as
illustrated below:

R'000                       Consolidated reviewed    Final audited results for 
                           provisional results for     the year ended 30 June  
                            the year ended 30 June              2008           
                                     2008                                      
                                                                               
ASSETS                                                                         
                                                                               
Deferred tax asset                    -                        1 354           
                                                                               
LIABILITIES                                                                    
                                                                               
Deferred tax liabilities           889 323                    943 452          
                                                                               
Taxation                           209 506                    156 731          

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of Metorex's
shareholders will be held at Ballroom 2, Hyatt Hotel, 191 Oxford Road,
Rosebank, Johannesburg, South Africa on Tuesday, 20 January 2009 at 10h00 to
transact the business as stated in the notice which forms part of the annual
report.

19 December 2008

Sponsor

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited



END