MTX Metorex

    METOREX LIMITED                                

                (Incorporated in the Republic of South Africa)                 

                     (Registration number 1934/005478/06)                      

                                 JSE code: MTX                                 

                              ISIN: ZAE000022745                               

                                  ("Metorex")                                  

              AMENDMENT TO RENOUNCEABLE CLAW BACK OFFER TIMETABLE              

Shareholders are referred to the announcement by Metorex dated 27 November 2008
regarding:

  * a R3 billion capital and debt restructuring programme;
   
  * a specific issue of shares for cash;
   
  * declaration data in terms of a renounceable claw back offer ("the Claw Back
    Offer");
   
  * notice of general meeting; and
   
  * further cautionary announcement,
   
("the Announcement").

The Announcement contained proposed salient dates for the Claw Back Offer. As a
result of delays in acquiring the requisite regulatory approvals for the Claw
Back Offer, the salient dates pertaining to the Claw Back Offer included in the
Announcement, are no longer applicable.

A further announcement detailing the revised salient dates and times for the
Claw Back Offer will be released on SENS as soon as the necessary approvals are
acquired.

Johannesburg

4 December 2008

Lead sponsor, corporate adviser and book-runner

Barnard Jacobs Mellet Corporate Finance (Pty) Limited

Independent sponsor

Deloitte & Touche Sponsor Services (Pty) Limited



END

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