SOURCE: AMG N.V.

September 06, 2007 09:34 ET

AMG SUBSIDIARY ANNOUNCES THIRD COMMERCIAL CONTRACT FOR HIGH PURITY SILICON

AMSTERDAM, NETHERLANDS--(Marketwire - September 6, 2007) - AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: AMG) today announced that Becancour Silicon, Inc. ("BSI") has entered into an agreement to sell high purity silicon to a solar cell manufacturer. BSI is a wholly owned subsidiary of Timminco Limited (TSX: TIM); AMG owns 50.6% of the stock of Timminco Limited.

The agreement provides for shipments of 13,100 metric tons over a term of five years subject to production capacity expansion. The agreement represents BSI's third long term commercial contract for the sale of high purity silicon. BSI is currently constructing a facility to produce 3,600 metric tons of solar silicon per year at its location in Becancour, Quebec. That facility is expected to begin production in the fourth quarter of 2007, reaching full production capacity by the end of the first quarter of 2008. In addition to this expansion, additional capacity will be required over time to satisfy current contracted volumes and future demand.

"We are pleased at the solar industry's acceptance of BSI's technology and the execution of its third significant supply agreement. With its new contract, BSI has a base for further expanding its production of high purity silicon for the solar industry," said Dr. Heinz Schimmelbusch, CEO and Chairman of AMG's Management Board.

About AMG

AMG, incorporated in the Netherlands, is a leading global specialty materials company offering highly engineered metallurgical products and advanced vacuum furnace systems to a broad range of end markets. AMG utilizes its proprietary know-how to supply sophisticated metals and materials through its production and sales activities in 12 countries on five continents. In addition, AMG designs, engineers and produces advanced vacuum furnace systems for growing industries globally. AMG's metallurgical expertise has enabled it to capture leading market positions for many of its products and systems. Most of AMG's products and systems are critical to the production of key components for the aerospace, energy (including solar and nuclear), electronics, optics, chemicals, construction and transportation industries. AMG is organized into two business units: Advanced Materials and Engineering Systems.

The Advanced Materials unit 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, ferrotitanium, aluminium master alloys and additives, silicon metal (including solar grade), chromium metal and magnesium alloys, used by steel, aluminium, silicones and superalloy producers for aerospace, energy, electronics, optics, chemicals, construction and transportation applications.

The Engineering Systems unit designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities. AMG sells vacuum furnace systems to customers in the aerospace, energy (including solar and nuclear), transportation, electronics, superalloys and specialty steel industries.

AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, Canada, Mexico, Brazil 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 4909 Arthur Spector Deputy Chairman of the Management Board aspector@amg-nv.com



Disclaimer

This press release is for information only and does not constitute a prospectus or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.

No public offer of the shares has been or is being made in the United States and the information contained herein does not constitute an offering of securities for sale in the United States, Canada, Australia or Japan. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted. The shares mentioned herein have not been, and will not be, registered under the US Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States or to or for the account or benefit of US persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from registration.





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