MNT Minmet

    


Minmet plc



                                   Minmet plc

                        Correction - Holdings in Company

On 14th December 2007, Minmet Plc ("Minmet" or "the Company") announced that it
had been advised that Westcoast Group Limited ("Westcoast") had reduced its
shareholding in the Company by 10,000,000 ordinary shares to 12,750,000 ordinary
shares of EUR 0.01 each in the Company ("Ordinary Shares").

Minmet wishes to confirm that the Westcoast shareholding in the Company
following this transaction is in fact 4,450,000 Ordinary Shares, representing
4.83% of the Company's issued ordinary share capital.

The difference is attributed to the fact that 8,300,000 Ordinary Shares are held
by Fiske Nominees, which is also the registered shareholder of Westcoast's
holding of Ordinary Shares. The 8,300,000 Ordinary Shares are held by Fiske
Nominees to Minmet's order, subject to specified restrictions, pursuant to the
dissolution of its arrangements with Gold Oil plc, which was announced on 2nd
November 2007. These 8,300,000 shares were aggregated, in error, to Westcoast's
beneficial holding of 4,450,000 Ordinary Shares to give a total number of
12,750,000 Ordinary Shares in the announcement of the 14th December 2007.

For further information, please contact:

Peter Maddocks, Chairman, Minmet plc             +44 (0) 07846 587 208
Nabarro Wells & Co. Limited, Nominated Adviser   +44 (0) 20 7710 7 400
Robert Lo / Richard Swindells

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