Corporate Presentation | August, 2008 THE GROWTH HISTORY GOES ON... Disclaimer This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in the Private Securities Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often characterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or “intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking statements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates. By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such statements may not be indicative of results or developments in future periods. We caution participants of this presentation not to place undue reliance on these forward- looking statements as a number of factors could cause future results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals on a timely basis or at all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, and changes in economic, political and regulatory conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as other uncertainties and events. MMX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without MMX’s prior written consent. Investor Relations Nelson Guitti – Officer Marilia Botelho – Manager Gina Pinto - Analyst Tel. 55 21 2555-5634 / 5558/ 5563 [email protected] Corporate Structure Controlling Shareholders Free Float 67.3% 32.7% 70% 100% 100% 100% MMX Corumbá MMX Metálicos Minera MMX Corumbá System MMXMMX Sudeste Sudeste Mineração Corumbá de Chile 30% Centennial Asset Corumbá 100% 100% 100% Bom Sucesso AVG Minerminas Sudeste System Bom Sucesso Greenfield projects developed by MMX: Corumbá System started-up in 2005 (Mining) and 2007 (Metallics); Bom Sucesso start-up scheduled for 2012. Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08) Assets MMX S.A. is the exclusive vehicle of EBX Group for investments in mining and metals, focusing on the production capacity increase through organic growth and the development of new opportunities. MMX Corumbá System Iron Ore: 6.3 Mtpy Pig Iron: 0.4 Mtpy Billets: 0.4 Mtpy MMX Sudeste Forestry Program: 34,000 hectares of MMX Sudeste eucalyptus forest. Self-sufficiency in Iron Ore: 33.7 Mtpy charcoal by 2017. Pelletizing Plant 50%-Option (at Açu Port) Royalties on MMX Minas-Rio production Minera MMX de Chile Royalties on MMX Amapá New Business Development production Management Eike Batista CEO & Chairman of Board of Directors 1 Joaquim Martino Executive Officer 2 3 4 Vitor Feitosa Chequer Bou- Nelson Guitti COO Habib CFO and Investor Commercial Director Relations 1 Joaquim Martino Former Director of Pelletizing and Metallics, former Director of Carajás Mine and Ponta da Madeira Port (VALE), former Superintendent of Casa de Pedra Mine (CSN) and former Mining Director of MMX – 27 years of experience 2 Vitor Feitosa Former Geology Coordinator, former Chief of Mine Planning and former General Manager of Sustainable Development of SAMARCO – 24 years of experience 3 Chequer Bou-Habib Former Marketing and Administration Director of VALE office in Brussels, former President of SAMITRI, former President of FERTECO, former CEO of GIIC (VALE subsidiary), former General Director of AVG Mineração (MMX) – 24 years of experience 4 Nelson Guitti Former Financial Director of BR DISTRIBUIDORA and former Executive Director of Strategy and Planning of GASPETRO – 20 years of experience High Performance in Strategic Management Anglo & Cleveland Cliffs Partnership with MMX Minas-Rio strategic players 70% Capex contracted Long Term Off- Environmental Licensing Take Agreement Pro-activity (voluntary Eliezer Batista Natural Reserve Traditional Steel Companies public hearings) Commitment with the Environment July July 2006 2 years 2008 MMX Amapá OTPP Implementation in Financial Market LLX Logística S/A record time (14 months) trust MMX Corumbá Focus on Mine implemented in 8 infrastructure months; Pig iron plant projects implemented in 12 months Effectiveness in projects implementation Implementation of Amapá 14 Months System December, 2004 December, 2007 “Explorers” 1st shipment September, 2006 December, 2007 Environmental Licensing and Start-up beginning of construction Results reflected on the outstanding performance of MMX shares MMXM3 X IBOVESPA (US$) MMXM3 486.5% IBOVESPA 116.6% MMXM3 IBOVESPA US$ 11.12 35,0 1200 31 (US$MM) 29 30 30,0 29 812 1000 23 25,0 23 21 1107 800 20,0 16 16 450 600 15,0 13 13 11 6 10 104 400 10,0 5 4 9 549 3 22 4 6 19 21 41 59 95 129 136 5,0 2 12 20 44 65 77 84 200 0,2 0,2 1 1 27 0,0 0 Jul/06 Jul/07 Jul/08 Jan/07 Apr/07 Jun/07 Jan/08 Apr/08 Jun/08 Oct/06 Nov/06 Oct/07 Nov/07 Feb/07 Mar/07 Feb/08 Mar/08 Aug/06 Dec/06 Aug/07 Dec/07 May/07 May/08 Sept/07 *daily average Sept/06 Volume Traded * Number of Trades* MMX´s Performance Pillars Iron Ore Market growth Management delivering as promised Added value Sustainable Operation: a MMX Value Health & Safety • Recordable Incidents Frequency Rate • Occupational Diseases Frequency Rate • Compliance with hygiene standards • Compliance with environmental standards 100 • Water consumption • Water recirculation 80 • Compliance with water grants 60 40 Water 20 resources Relationship with 0 communities • ETHOS Social Responsibility Indicators • Domestic waste • Energy efficiency generation Waste Energy • Use of renewables • Reuse of industrial waste • Charcoal from planted forests Environment: social and environmental awareness and accountability Strong and close integration with local communities and partnership with technical entities in social and environmental questions Guided visits in the Forest site for local students; Trainee programs; Forest handling and fire prevention textbooks; Implementation of communitarian plant nursery and environmental education; Stewardship Management Plan - Pantanal Tree planting program in communities adjacent to the Forestry Program site; Local charcoal production and forest diagnosis; Environment Week Permanent local fauna and flora studies; Seed nursery of native plants for restoring altered areas. Ceramic workshop Environment: commitment with Nature Eng. Eliezer Batista Private Natural Heritage Reserve – 20 thousand protected hectares MMX, committed with sustained development principles, has acquired and maintains the Eng. Eliezer Batista Private Natural Heritage Reserve, in the heart of Pantanal (largest wetland in the world), an impressive and relevant area in terms of bio-diversity and natural richness. This Heritage Reserve will be the first research and studies center of wetlands in the planet, where there are hundreds of mammals, including jaguars, 300 species of fishes and more than 700 species of birds, some of them considered endangered species. The Reserve has its Stewardship Management Plan ready since the beginning, reflecting MMX´s commitment with preservation. Technological innovation: a value creation tool Research Lab Projects based on qualified and robust technical research, using recognized ultimate technologies contributing to CAPEX and OPEX reduction. Vertical Mill Roller Press Ceramic Filter The Growth History Goes on… The Growth History Goes on: 40 Mtpy Mining Production – Mpty 40.0 40.0 40.0 38.4 MMX Corumbá 6.3 6.3 6.3 6.3 MMX Sudeste 21.6 3.2 32.1 33.7 33.7 33.7 10.8 11.9 6.2 2.1 3.2 18.5 1.9 8.7 8.7 4.3 Total CAPEX 2008 2009 2010 2011 2012 2013 2014 2015 US$ 1,509 million Metallics Production– thousand tons/years 452 452 452 452 400 400 400 400 400 400 400 357 231 Pig Iron Billets 34 - - 2008 2009 2010 2011 2012 2013 2014 2015 Business Development Exploration 599 areas (mineral grants) approximately 16,000 km2 8 States in Brazil and Chile. iron ore, manganese, copper, bauxite, and others Acquisitions MMX is continuosly evaluating business opportunities, searching for increase in production scale and value creation, in Brazil and abroad (Minera MMX de Chile). Corumbá System Mining MMX Corumbá Mineração: Production Ramp-Up & Capex Production - Mtpy 6.3 6.3 6.3 6.3 Expected Quality (%) Corumbá Sinter Feed 1.5 1.5 1.5 1.5 Lump Hematitinha Sinter Feed Hematitinha (coarse fines) Fe 64.4 64.6 64.7 Lump SiO2 4.6 4.4 3.7 1.0 1.0 1.0 1.0 Al2O3 1.5 1.3 1.4 P 0.058 0.065 0.070 3.2 3.2 PPC 1.1 1.3 1.7 0.8 0.8 2.1 1.9 0.3 0.3 0.5 3.8 3.8 3.8 3.8 0.2 1.9 2.1 2.1 1.4 2008 2009 2010 2011 2012 2013 2014 2015 19.8 18.5 CAPEX US$ 62 million 12.2 11.5 2008 2009 2010 2011 MMX Corumbá: Logistics Current route Transport in barges down the Paraguay River delivering products to South American costumers and shipments to Europe and USA at Rosario Port: .