MTX - Metorex Limited - Cautionary announcement

MTX - Metorex Limited - Cautionary announcement                                 
METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN: ZAE000022745                                                              
Issuer code: MEMTX                                                              
("Metorex" or the "Company")                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Metorex shareholders ("Shareholders") are advised that the board of directors of
Metorex (the "Board") has received an unsolicited, non-binding expression of    
interest from a bona fide party (the "Alternate Party") to acquire the entire   
issued share capital of Metorex.  The expression of interest provides for       
certain pre-conditions to be met before the Alternate Party will be prepared to 
express a firm intention to make an offer, inter alia, a due diligence conducted
to the satisfaction of the Alternate Party.  In compliance with the the Takeover
Regulations issued in terms of section 120 of the Companies Act, No. 71 of 2008,
and in order for the Board to comply with its fiduciary duties, the Board will  
provide the Alternate Party with access to the same information as was provided 
to Vale S.A..  However, Shareholders are further advised that there is currently
no certainty that Metorex will receive a firm intention to make an offer from   
the Alternate Party.                                                            
Accordingly, Shareholders are advised to exercise caution when dealing in the   
Company`s securities until a further announcement is made or this cautionary is 
withdrawn.                                                                      
Johannesburg                                                                    
17 June 2011                                                                    
Sponsor                                                                         
One Capital                                                                     
Date: 17/06/2011 07:16:01 Supplied by www.sharenet.co.za                     
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