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AMG subsidiary Graphit Kropfmuhl announces results of its Annual General Meeting


June 16, 2011 - Amsterdam, Netherlands



Amsterdam, 16 June 2011 --- AMG Advanced Metallurgical Group N.V.'s,("AMG",EURONEXT AMSTERDAM: "AMG") 88.0% owned subsidiary, Graphit Kropfmuhl AG,("GK")held its Annual General Meeting in Munich on 15 June.Approximately 70shareholders and guests attended the Annual General Meeting in theMunichConference Centre of the Hanns Seidel Foundation.

In its presentation of the annual financial statements, the ManagementBoardreported a successful 2010 fiscal year. Supported by the economicupturn,Graphit Kropfmuhl delivered improved results in the year 2010. Thedemand forGK's products increased in its primary markets and application fields.Turnoverand earnings targets were exceeded in both the silicon metal andnaturalgraphite segments. The consolidated turnover increased from EUR84.6million in2009 to EUR96.9 million in 2010. As a result, the consolidated EBIT forthe year2010 increased to EUR2.8 million from EUR1.0 million in 2009.

This positive business development also continued during the firstquarter of2011. Compared to the first quarter of 2010, the first quarter of 2011saw a42.9 % jump in turnover to EUR30.9 million. EBIT in the first quarterof 2011amounted to EUR3.9 million.

Based on the excellent development of turnover and earnings in the firstquarterof 2011, the current course of business, and the forecasts for theremainingfiscal year 2011, the Management Board of Graphit Kropfmuhl - asalreadyreported - raised its turnover forecast for the total year 2011 to morethanEUR110 million.

Provided that the future overall economic development remainsstable, theManagement Board of Graphit Kropfmuhl expects that earnings willdevelop inaccordance with the forecast increase in turnover.

The Management Board also disclosed natural graphite raw material projects.TheManagement Board indicated that the exploration projects inMozambique areproceeding according to plan. A decision regarding the feasibilityandfinancing alternatives of the projects is planned for the second half of2011.

The Annual General Meeting approved all of the items on the agenda thatwere putto the vote with approval of more than 99% of the voting shares. TheAnnualGeneral Meeting resolved to approve the actions of the ManagementBoard andSupervisory Board members, and elected the auditor for fiscal year 2011.

Dr. Heinz Schimmelbusch, Chairman of the Supervisory Board of GraphitKropfmuhl,spoke of the strong development of the high purity natural graphiteproductsthat compliment the high-quality silicon-metal products, which havepurities of99.5% and higher.

At its Supervisory Board Meeting on 15 June 2011, the SupervisoryBoard ofGraphit Kropfmuhl resolved to renew the Management Board contract of Mr.Hans-Detlef Antel for another three years.



About AMGAMG creates and applies innovative metallurgical solutions to the globaltrendof sustainable development of natural resources and CO(2) reduction. AMGproduces highly engineered specialty metal products and advanced vacuumfurnacesystems for the Energy, Aerospace, Infrastructure and Specialty Metals andChemicals end markets. AMG consists of two operating divisions, AdvancedMaterials and Engineering Systems, and owns interests in publicly-listedcompanies Graphit Kropfmuhl AG (Deutsche Börse: GKR.DE) and TimmincoLimited(TSX: "TIM").The Advanced Materials Division develops and produces specialty metals,alloysand high performance materials. AMG is a significant producer of specialtymetals, such as ferrovanadium, ferronickel-molybdenum, aluminum masteralloysand additives, chromium metal and ferrotitanium, for Energy, Aerospace,Infrastructure and Specialty Metal and Chemicals applications. Other keyproducts include specialty alloys for titanium and superalloys, coatingmaterials, tantalum and niobium oxides, vanadium chemicals and antimonytrioxide.The Engineering Systems Division designs, engineers and produces advancedvacuumfurnace systems and operates vacuum heat treatment facilities, primarilyfor theAerospace and Energy (including solar and nuclear) industries. Furnacesystemsproduced by AMG include vacuum remelting, solar silicon melting andcrystallization, vacuum induction melting, vacuum heat treatment and highpressure gas quenching, turbine blade coating and sintering. AMG alsoprovidesvacuum case-hardening heat treatment services on a tolling basis.Graphit Kropfmuhl AG is a majority controlled, publicly listed subsidiaryofAMG. Based on its secure raw material sources in Africa, Asia and Europe,Graphit Kropfmuhl is a specialist in the production of silicon metal andtheextraction, processing and refining of natural crystalline graphite for awiderange of energy saving industrial applications.Timminco Limited is a publicly listed affiliate of AMG. Timminco producessilicon metal for the chemical, aluminum, electronic and solar industries.Timminco also produces solar grade silicon, using its proprietarytechnology forpurifying silicon metal, for the solar energy industry.With over 2,600 employees, AMG operates globally with production facilitiesinGermany, the United Kingdom, France, Czech Republic, United States, China,Canada, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and also hassalesand customer service offices in Belgium, Russia and Japan (www.amg-nv.com).

For further information please contact:AMG Advanced Metallurgical Group N.V. +1 610 975 4901Jonathan CostelloVice President of Corporate Communicationsjcostello@amg-nv.com

Disclaimer

Certain statements in this press release are not historical factsand are"forward looking." Forward looking statements include statementsconcerningAMG's plans, expectations, projections, objectives, targets, goals,strategies,future events, future revenues or performance, capital expenditures,financingneeds, plans and intentions relating to acquisitions, AMG'scompetitivestrengths and weaknesses, plans or goals relating to forecastedproduction,reserves, financial position and future operations and development,AMG'sbusiness strategy and the trends AMG anticipates in the industriesand thepolitical and legal environment in which it operates and other informationthatis not historical information. When used in this press release, thewords"expects," "believes," "anticipates," "plans," "may," "will,""should," andsimilar expressions, and the negatives thereof, are intended to identifyforwardlooking statements. By their very nature, forward looking statementsinvolveinherent risks and uncertainties, both general and specific, and risksexistthat the predictions, forecasts, projections and other forwardlookingstatements will not be achieved. These forward looking statements speakonly asof the date of this press release. AMG expressly disclaims anyobligation orundertaking to release publicly any updates or revisions to any forwardlookingstatement contained herein to reflect any change in AMG's expectationswithregard thereto or any change in events, conditions, or circumstances onwhichany forward looking statement is based.


AMG subsidiary Graphit Kropfmuhl announces results of its Annual GeneralMeeting







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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE

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Contact:
AMG Advanced Metallurgical Group N.V.
+1 610 975 4901
Jonathan Costello
Vice President of Corporate Communications
Email Contact

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