AMG subsidiary Timminco provides update on class action lawsuit

AMSTERDAM, NETHERLANDS, May 19 (MARKET WIRE) --

Amsterdam, 19 May 2009 --- AMG Advanced Metallurgical Group N.V.'s
("AMG," EURONEXT AMSTERDAM: "AMG") 53.8% owned subsidiary, Timminco
Limited ("Timminco"; TSX: TIM) announced that it has accepted service of
a proposed class action commenced in the Ontario Superior Court on May
14, 2009 by Ravinder Kumar Sharma, alleging that Timminco and others made
certain misrepresentations in 2008 regarding Timminco's solar-grade
silicon production process. The plaintiff will need to seek leave or
permission of the court to bring the class action under Secondary Market
Disclosure provisions of the Securities Act. Timminco intends to
vigorously defend these allegations and the plaintiff's attempt to get
court approval to proceed with the action.

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).

Disclaimer

Certain statements in this press release are not historical facts and are
"forward looking". Forward looking statements include statements
concerning AMG's plans, expectations, projections, objectives, targets,
goals, strategies, future events, future revenues or performance, capital
expenditures, financing needs, plans and intentions relating to
acquisitions, AMG's competitive strengths and weaknesses, plans or goals
relating to forecasted production, reserves, financial position and
future operations and development, AMG's business strategy and the trends
AMG anticipates in the industries and the political and legal environment
in which it operates and other information that is not historical
information. When used in this press release, the words "expects,"
"believes," "anticipates," "plans," "may," "will," "should," and similar
expressions, and the negatives thereof, are intended to identify forward
looking statements. By their very nature, forward looking statements
involve inherent risks and uncertainties, both general and specific, and
risks exist that the predictions, forecasts, projections and other
forward looking statements will not be achieved. These forward looking
statements speak only as of the date of this press release. AMG expressly
disclaims any obligation or undertaking to release publicly any updates
or revisions to any forward looking statement contained herein to reflect
any change in AMG's expectations with regard thereto or any change in
events, conditions, or circumstances on which any forward looking
statement is based.

AMG subsidiary Timminco provides update on class
action lawsuit

This announcement was originally distributed by Hugin.
The issuer is solely responsible for the content of this announcement.

Copyright Copyright Hugin AS 2009. 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 2009, Market Wire, All rights reserved.

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