XMM iShares MSCI Min Vol Emerging Markets Index ETF

MMX Minera��o e Met�licos S.A. (BOVESPA: MMXM3) (TSX: XMM) ("MMX" or "Company") announces that the Company has entered into (i) restructuring agreements aiming at reducing the purchase price of the AVG acquisition and extending the payment dates of the Bom Sucesso acquisition and (ii) a long-term credit facility with Banco ItauBBA at the principal amount of US$120 million.

With respect to the AVG acquisition, MMX will prepay and retire at a discount two of the three remaining tranches related to the acquisition, in the original amount of US$45 million each. These installments were originally due in August 2009 and August 2010, and are being retired in December 2008, by means of a lump-sum payment of US$79.1 million representing an average discount of 11.745% to the original purchase price. The last tranche of the AVG acquisition in the principal amount of US$45 million remains unchanged, and will be due in August 2011.

With respect to the Bom Sucesso acquisition, MMX and the seller have agreed to reschedule the two installments of the purchase price due in 2009, in the amount of US$43.2 million each, comprising (i) the anticipation of the payment of the second installment originally due in January to December, and (ii) the postponing of the third installment originally due in July 2009 to be paid in November 2009. The maturity of the fourth and last installment of the Bom Sucesso acquisition in the amount of US$43.2 million remains unchanged, and will become due in January 2010.

To finance the prepayment the AVG purchase price at a discount, MMX will use part of the funds provided under a long-term pre-export credit facility entered into with Banco Ita�BBA. The credit facility has a term of 36 months and a principal amount to US$120 million to be disbursed in December 2008.The principal amount will be paid in 5 quarter installments of US$24 million each commencing in December 2010.

As a consequence of such transactions, the average maturity of MMX's debt has improved from 13 months to 16 months.

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