AMG joint venture awarded major contract for production of mixed oxide (MOX) nuclear fuel

AMSTERDAM, NETHERLANDS, Jul 22 (MARKET WIRE) --
AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG")
announced that its Engineering Systems Division's nuclear joint venture
was awarded a contract by Shaw Areva MOX Services LLC for detailed
engineering of sintering furnace systems for the production of mixed
oxide nuclear fuels.

AMG's Engineering Systems Division's 50% owned nuclear joint venture,
Furnaces Nuclear Applications Grenoble S.A., designs and produces
sintering systems for a number of nuclear applications. This contract
with Shaw Areva MOX Services is for the detailed engineering of two
sintering furnaces for the Shaw Areva MOX Fuel Fabrication Facility at
the Savannah River Site, in Aiken, South Carolina, USA. The second phase
of the contract, expected to be awarded within twelve months, will
involve the production, testing and delivery of the sintering systems.
AMG expects the total value of the two contracts to be in excess of $30
million. These vacuum-type sintering systems will be used in the
production of mixed oxide (MOX) uranium and plutonium nuclear fuel for
light water reactors.

The Shaw Areva MOX Fuel Fabrication Facility is a major component in the
United States' program to dispose of surplus weapon-grade plutonium. The
United States has approximately 34 tonnes of surplus weapons grade
plutonium stored at government sites around the country. Shaw Areva MOX
Services LLC will process surplus weapon-grade plutonium, remove
impurities, and mix it with uranium oxide to form MOX fuel pellets for
reactor fuel assemblies. These fuel assemblies will be used to power
commercial nuclear reactors.

When operational, the Shaw Areva MOX Fuel Fabrication Facility will be
capable of converting 3.5 tonnes of weapon-grade plutonium into MOX fuel
assemblies annually.

About AMG

AMG, incorporated in the Netherlands, is a global leader in the
production of highly engineered specialty metal products and advanced
vacuum furnace systems. AMG serves growing industries worldwide with its
unique combination of metallurgical engineering expertise and production
know-how. AMG is a market leader in many of its products and systems,
which are critical to the production of key components for the aerospace,
energy (including solar and nuclear), electronics, optics, chemicals,
construction and transportation industries. AMG has two operating
divisions of businesses, Advanced Materials and Engineering Systems, and
owns majority interests in publicly-listed companies Timminco Limited
(TSX: "TIM") and Graphit Kropfmuehl AG (Deutsche Boerse: GKR.DE)

The Advanced Materials Division develops and produces niche specialty
metals and complex metals products, many of which are used in demanding,
safety-critical, high-stress environments. AMG is one of a limited number
of significant producers globally of niche specialty metals, such as
ferrovanadium, ferronickel-molybdenum, aluminum master alloys and
additives, chromium metal and ferrotitanium, used by steel, aluminum,
chemical and superalloy producers for aerospace, automotive, energy,
electronics, optics, chemicals, construction and other applications.
Other key products produced by AMG include specialty alloys for titanium
and superalloys, coating materials, tantalum and niobium oxides, vanadium
chemicals and antimony trioxide.

The Engineering Systems Division designs, engineers and produces advanced
vacuum furnace systems and operates vacuum heat treatment facilities. AMG
is a global leader in supplying technologically-advanced vacuum furnace
systems to customers in the aerospace, energy (including solar and
nuclear), transportation, electronics, superalloys and specialty steel
industries. Examples of furnace systems produced by AMG include vacuum
remelting, solar silicon melting and crystallization, vacuum induction
melting, vacuum heat treatment and high pressure gas quenching, vacuum
precision casting, turbine blade coating and sintering. AMG also provides
vacuum case-hardening heat treatment services on a tolling basis to
customers through facilities equipped with vacuum heat treatment furnaces.

Timminco Limited is a majority controlled, publicly listed subsidiary of
AMG. Timminco is a leader in the production of upgraded metallurgical
silicon for the rapidly growing solar photovoltaic energy industry.
Timminco also produces silicon metal and magnesium products for use in a
broad range of industrial applications.

Graphit Kropfmuehl AG is a majority controlled, publicly listed
subsidiary of AMG. Based on its secure raw material sources in Africa,
China and Europe, Graphit Kropfmuehl is a specialist in the production of
silicon metal and the extraction, processing and refining of natural
crystalline graphite for a wide range of energy saving industrial
applications.

AMG operates globally with production facilities in Germany, the United
Kingdom, France, Czech Republic, the United States, Canada, Mexico,
Brazil, Sri Lanka and Australia and also has sales and customer service
offices in Belgium, Russia, China and Japan (website: www.amg-nv.com).

Copyright Copyright Hugin AS 2008. All rights reserved.

For further information please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 975 4901
Jonathan Costello
Director of Corporate Communications
Email Contact

Copyright 2008, Market Wire, All rights reserved.

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