MNT Minmet

    


Minmet plc



19th August 2008

                                   Minmet plc

                           ("Minmet" or the "Company")

                          Statement re. possible offer

The Board of Minmet notes the recent rise in the Company's share price and
confirms that it is in talks with a third party, which may or may not lead to an
offer being made for the entire issued share capital of the Company.

Discussions are continuing, and a further announcement will be made when
appropriate.

Consequently the Company is considered to be in an 'offer period' as defined in
the Irish Takeover Panel Act, Takeover Rules 2007 (the "Rules"), and the dealing
disclosure requirements listed below will apply.

The Company confirms that it has 92,208,000 ordinary shares of EUR 0.01 each in
issue. The ISIN reference for these securities is IE00B1KDSD45.

The Directors of the Company accept responsibility for the information contained
in this announcement. To the best of the knowledge and belief of the Directors
of the Company (who have taken all reasonable care to ensure that such is the
case) the information contained in this announcement is in accordance with the
facts and does not omit anything likely to impact the import of this
announcement.

For further enquiries:

Minmet plc                                                                       +353 (01) 661 3309
Michael Neville, Chairman

Nabarro Wells & Co. Limited (Nominated Adviser)                                  +44 (0) 20 7634 4705
Hugh Oram
Kevin Lynch

Reddy Charlton McKnight                                                          +353 (0) 1 6619500
Paul Keane
Declan Tormey

College Hill, Public Relations                                                   +44 (0) 20 7457 2020
Nick Elwes
Paddy Blewer

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Rules, if any person is, or becomes,
'interested' (directly or indirectly) in 1% or more of any class of 'relevant
securities' of the Company, all 'dealings' in any 'relevant securities' of the
Company (including by means of an option in respect of, or a derivative
referenced to, any such 'relevant securities') must be publicly disclosed by no
later than 12 noon (Dublin time) on the business day following the date of the
relevant transaction. This requirement will continue until the date on which the
offer becomes, or is declared, unconditional as to acceptances, lapses or is
otherwise withdrawn or on which the 'offer period' otherwise ends. If two or
more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an 'interest' in 'relevant securities' of the
Company, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Rules, all 'dealings' in 'relevant
securities' of the offeree by the offeror, or by any of their respective
'associates', must be disclosed by no later than 12.00 noon (Dublin time) on the
business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Irish Takeover Panel's website at
www.irishtakeoverpanel.ie

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Rules, which can also be found on
the Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Panel.

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