METLEN ENERGY & METALS S.A.

Purchase of own shares

The Company''s Board of Directors decided on 16.2.2007 to initiate the 3rd phase of the buy back program, according to the Extraordinary General Assembly''s decision of 14.6.2006, as it was revised by the Extraordinary General Assembly of 16.2.2007 concerning the buy back price. According the Board of Directors'' decision, the company shall buy back during the period 28.2.2007 to 13.6.2007 up to 2,800,036 own shares with a lowest price of five euro (5 euro) and a highest price of fifty euro (50 euro) per share.