Listing represents the first DR Program and Brazilian company to list in Toronto

NEW YORK, July 23, 2007 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has been selected by MMX Mineração e Metálicos S.A. as the depositary bank for its global depositary receipt (GDR) program. Twenty MMX GDRs represent one ordinary share. The GDRs trade on the Toronto Stock Exchange under the symbol "XMM" and on the U.S. OTC market under the symbol "MMXMY." MMX's ordinary shares trade on the Novo Mercado segment of the Bovespa under the symbol "MMXM3."

MMX's program is the first GDR to be listed on the Toronto Stock Exchange, as well as the first security listed on the exchange from a Brazilian company.

Rodolfo Landim, executive president and investor relations officer of MMX, said, "Working with The Bank of New York Mellon, we structured a unique and creative DR facility that will allow MMX to increase its investor base and attract dedicated mining investors on the Toronto Stock Exchange, the world's leading exchange for mining. We look forward to continuing to grow our investor relations activities in a manner that provides enhanced value to our shareholders."

Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division, said, "We were delighted to work with MMX and their advisors in offering this pioneering solution, which demonstrates the attractiveness and flexibility of depositary receipt programs and spotlights how such programs can play a critical role in enabling issuers to reach investors wherever they may be located."

MMX Mineração e Metálicos S.A. is part of the EBX Group of companies and its activities are dedicated to mining, metals and logistics in Brazil. MMX raised over U.S. $500 million in its initial public offering in July 2006, and has been active in implementing numerous projects throughout Brazil.

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,270 American and global depositary receipt programs, acting in partnership with leading companies from 60 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust, and stock transfer services. Additional information is available at www.adrbny.com.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management, and it services more than $11 trillion in outstanding debt. Additional information is available at www.bnymellon.com.

The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.