Shareholders' Meeting Approves to Split MMX's Common Shares

  
    
  
  
    
      MMX Mineração e Metálicos 
      S.A. (“MMX” or the “Company”) 
      (BOVESPA:MMXM3) (TSX:XMM) pursuant to article 157 of Law 6,404/76 and 
      CVM Instruction 358/02, hereby announces that, at the Company’s 
      Extraordinary Shareholders’ Meeting, held on 
      July 23, 2007, the shareholders of the Company present at the Meeting 
      unanimously and with no restrictions, approved to split the Company’s 
      common shares in the proportion of 2 (two) shares for each 1 (one) 
      existing share.
    
    
      The Company’s shareholders registered as of 
      July 30, 2007 will be entitled to receive the shares resulting from such 
      split. The shares will commence trading “ex-split” 
      from July 31, 2007.
    
    
      Each share of the Company’s capital stock, 
      under the Global Depositary Receipt program (“GDR”), 
      will continue to be equivalent to 20 (twenty) GDRs.
    
    
      For additional information please contact [e-mail].
    
    
      
        
          Rio de Janeiro, July 23, 2007.
        
      
      
        
           
        
      
      
        
          
            Luiz Rodolfo Landim Machado
          
        
      
      
        
          Executive President and Investor Relations Officer
        
      
      
        
          
            MMX Mineração 
            e Metálicos S.A.