AMG COMMENTS ON U.S. DEPARTMENT OF COMMERCE ANTICIRCUMVENTION ...

Karina.Preissler

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AMG COMMENTS ON U.S. DEPARTMENT OF COMMERCE

ANTICIRCUMVENTION INQUIRY REGARDING VANADIUM

Amsterdam, 6 May 2011 ---

AMG Advanced Metallurgical Group N.V., (“AMG”,

EURONEXT AMSTERDAM: “AMG”) based upon a request by its subsidiary, AMG

Vanadium, to the U.S. Department of Commerce (the “Department”), was notified that

the Department has initiated an anticircumvention inquiry covering vanadium pentoxide

from Russia that is being converted into ferrovanadium in the United States.

U.S. law

provides this remedy when merchandise is imported and further processed in order to

circumvent an antidumping order protecting a U.S. domestic industry and its workers.

The Department found sufficient evidence to warrant initiating a circumvention inquiry,

including evidence indicating that the ferrovanadium sold in the United States is the same

class or kind of merchandise as the ferrovanadium covered by the order, that the

ferrovanadium sold in the U.S. is produced from vanadium pentoxide imported from

Russia and further processed in the United States, and that the further processing of

Russian vanadium pentoxide into ferrovanadium in the United States is a minor or

insignificant process.

AMG Vanadium expects the anticircumvention inquiry to confirm these facts and to

result in the imposition of antidumping duties on the imports circumventing the order.

AMG Vanadium is a leading North American producer of ferrovanadium.

It uses an

environmentally friendly proprietary technology for the recycling of spent refinery

catalysts to produce ferrovanadium and ferronickel-molybdenum at its facility in Ohio,

USA.

About AMG

AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development

of natural resources and CO

2

reduction.

AMG produces highly engineered specialty metal products and

advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure and Specialty Metals and

Chemicals end markets.

AMG consists of two operating divisions, Advanced Materials and Engineering

Systems, and owns interests in publicly-listed companies Graphit Kropfmühl AG (Deutsche Börse:

GKR.DE) and Timminco Limited (TSX: “TIM”).

The Advanced Materials Division develops and produces specialty metals, alloys and high performance

materials. AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-