AMG affiliate Timminco provides update on solar grade silicon operations

AMSTERDAM, NETHERLANDS, Oct 01 (MARKET WIRE) --
AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM:
"AMG") 47.9% owned affiliate, Timminco Limited ("Timminco"; TSX: TIM)
announced today that it has sold 80 metric tons of solar grade silicon to
AMG Conversion Ltd., a wholly owned subsidiary of AMG Advanced
Metallurgical Group N.V. ("AMG"). AMG owns a 47.9% equity interest in
Timminco. The value of the sale is approximately C$3.1 million. The price
of the solar grade silicon is consistent with what has been negotiated
for similar material with third parties and was reviewed by the designated
independent representatives of the boards of directors of each of
Timminco and AMG.

In addition to its base silicon metal business, Timminco will continue to
focus on producing high quality solar grade silicon while AMG Conversion
will use the solar grade silicon and advanced furnace technology supplied
by AMG's Engineering Systems' division to produce solar grade ingots and
bricks for the solar wafer market.

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 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 publicly listed affiliate 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 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).

For further information please contact:

AMG Advanced Metallurgical Group N.V. +1 610 975 4901
Jonathan Costello
Vice President of Corporate Communications
jcostello@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 affiliate Timminco provides update on solar grade silicon Operations
(http://hugin.info/138060/R/1345126/322772.pdf)

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