MMX Mineração e Metálicos S.A.: Notice to Shareholders

RIO DE JANEIRO, BRAZIL (BOVESPA: MMXM3) (TSX: XMM), pursuant to article 137 of Law n degrees 6.404/76, announces that:

In accordance with a formal letter delivered on this date by the Companhia Brasileira de Liquidação e Custódia - CBLC the transfer agent of MMX's shares, Banco Itaú S.A., MMX hereby announces that no shareholder has exercised its withdrawal rights as a result of the partial split-up (the "Partial Split-up"), with the transfer of portions of MMX's assets to IronX Mineração S.A. ("IronX") and LLX Logística S.A. ("LLX Logística"), as approved on the Extraordinary Shareholders' Meeting held on June 19, 2008 ("Meeting").

Considering that the deadline for the above mentioned withdrawal rights ended on July 21st 2008, the Company hereby fully ratifies the effects of the Partial Split-up, and therefore the decisions made at the Meeting have become definitive.

In this regard, the Company announces that beginning on July 28, 2008, the shares of IronX and LLX Logística will be traded separately in BOVESPA'S Novo Mercado segment. Those who are registered shareholders of the Company on the close of trading at the BOVESPA on July 25, 2008 will be entitled to receive shares of both IronX and LLX Logística.

Further information concerning the Meeting, the Partial Split-up and/or the withdrawal rights are available at [e-mail], and further clarifications on the commencement of the IronX's and LLX Logística's share trading may be obtained at [e-mail] or [e-mail].