Repayment of Alaska Deposit

    


Minmet plc



          Update on repayment of US$4.35 million (the "Alaska Deposit")

Minmet plc ("Minmet" or the "Company") announced on 30th June 2008 that it was
in discussion with Carbon Energy Investments Limited ("Carbon") concerning the
repayment of the Alaska Deposit to the Company. Under the terms of the Alaska
Cancellation Agreement, announced on 21st January 2008, the Alaska Deposit,
along with accrued interest, became repayable on 30th June 2008. The Directors
wish to announce that the discussions with Carbon are ongoing and the Company
expects to make a further, more detailed announcement concerning the Alaska
Deposit in due course.

                                      -End-

For further information, please contact:

Michael Neville, Chairman, Minmet plc                  +353 (0)1 661 3309

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

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

Minmet (LSE:MNT)
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