中国冶金科工集团有限公司)

—1—HongKongExchangesandClearingLimitedandTheStockExchangeofHongKongLimitedtakenoresponsibilityforthecontentsofthisannouncement,makenorepresentationastoitsaccuracyorcompletenessandexpresslydisclaimanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthecontentsofthisannouncement.FURTHERANNOUNCEMENTPROPOSEDISSUEOFMEDIUMTERMNOTESANDSHORT-TERMFINANCINGBILLSReferenceismadetotheannouncementoftheCompanydated8June2010inrelationtotheproposedissueofmediumtermnotesandofshort-termfinancingbillsbytheCompanyinthePRC(the“Proposals”)(the“Announcement”).Unlessotherwisedefined,capitalisedtermsinthisannouncementwillhavethesamemeaningasthosedefinedintheAnnouncement.AccordingtothearticlesofassociationoftheCompany(the“Articles”),anyShareholderorShareholdersholdingindividuallyorjointly3%ormoreofthetotalissuedsharesoftheCompanyhastherighttoproposeadditionalresolutions10daysbeforeageneralmeeting.TheBoardshouldnotifytheotherShareholderswithin2daysfromthedateofreceiptofsuchwrittenproposalandincludethematterssoproposedwhicharewithinthepowerofthegeneralmeetingasmatterstobeconsideredatthegeneralmeeting.On10June2010,ChinaMetallurgicalGroupCorporation*(),whoholdsapproximately64.18%oftheCompany’stotalissuedsharestodate,submittedawrittenproposaltotheCompanyinconnectionwiththeProposalsandthesubmissionofadditionalresolutionsinrespectoftheProposals.DetailsoftheProposalsareidenticaltothosecontainedintheAnnouncement.InaccordancewiththerelevantlawsandregulationsinthePRCandtheArticles,theBoardagreedtoputtheProposalstothe2009annualgeneralmeetingoftheCompany(the“AGM”),whichisscheduledtobeheldonTuesday,29June2010fortheShareholders’considerationandapproval.—2—GENERALAsupplementalcircularcontainingfurtherinformationontheProposals,thesupplementalnoticeoftheAGMandthesupplementalproxyformwillbedespatchedtotheShareholderinduecourse.ThisannouncementismadepursuanttoRule13.09(1)oftheListingRules.ByorderoftheBoardofDirectorsMetallurgicalCorporationofChinaLtd.*HuangDanJointCompanySecretaryBeijing,thePRC10June2010Asatthedateofthisannouncement,theBoardofDirectorsoftheCompanycomprisestwoexecutiveDirectors,Mr.WangWeiminandMr.ShenHeting;onenon-executiveDirector,Mr.GuoWenqing;andfiveindependentnon-executiveDirectors,Mr.JiangLongsheng,Mr.WenKeqin,Mr.LiuLi,Mr.ChenYongkuanandMr.CheungYukming.*Foridentificationpurposeonly