SOURCE: LLX

June 23, 2008 19:09 ET

LLX Announces the Conversion of All Its Preferred Shares Into Common Shares After MMX's Spin Off

RIO DE JANEIRO, BRAZIL--(Marketwire - June 23, 2008) - LLX Logística S.A. ("LLX" or "Company"), in accordance with the provisions of article 157 of Law n°. 6.404/76, as well as with the provisions of CVM Instruction n° 358/02, hereby informs the market that all of its shareholders have approved, on the Extraordinary Shareholders' Meeting held on June 19, 2008 ("Meeting"), the following items:

--  Conversion of all the preferred shares of LLX into common shares, at
    the ratio of one new common share to each preferred share existing up until
    then;
--  A split of all the LLX common shares in the proportion of
    1:59.4940978, with the Company share capital thus being represented by
    358,364,542 common shares, distributed amongst shareholders proportionally
    to the stake held by each of them in the LLX share capital prior to the
    split.
--  Incorporation of a portion of the MMX net equity by LLX Logística in
    the amount of R$165,969,700.14. Such portion is constituted by the equity
    interest held by MMX itself in LLX and, therefore, there is no capital
    increase in the latter resulting therefrom. As a consequence of the
    referred incorporation of a portion of MMX's net equity by LLX, the Company
    shares held by MMX shall be delivered directly to the MMX shareholders
    proportionally to their respective interests held in MMX, with the issuance
    of 1 LLX share for each MMX share; and, at last,
--  Updating and adjusting the Company's by-laws so as to adapt them to
    the rules of corporate governance set forth by the Regulations of the Novo
    Mercado listing segment lon the São Paulo Stock Exchange S.A. - Bovespa;
    

Further information may be obtained via email ir@llx.com.br or through the Public Announcement published by MMX on June 20, 2008.

Ricardo Antunes Carneiro Neto
Chief Executive Officer and Chief Investor Relations Officer
LLX Logística S.A.