AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: AMG, ISIN: NL0000888691) today announced that its 50.6% owned subsidiary Timminco Limited ("Timminco"; TSX:TIM) completed the public offering of 4,360,291 common shares at a price of CAN $8.50 per common share for gross proceeds of CAN $37,062,474. The public offering was sold on a bought deal basis with an underwriting syndicate led by Clarus Securities Inc. and including Paradigm Capital Inc. The underwriters also exercised their over-allotment option in full and purchased an additional 654,043 common shares at a price of CAN $8.50 per common share for additional gross proceeds of CAN $5,559,365. The total gross proceeds of the public offering was CAN $42,621,839.

Also, Timminco completed a private placement to AMG Advanced Metallurgical Group N.V. ("AMG"; Euronext: AMG) of 5,136,140 common shares at a price of CAN $8.50 per common share for gross proceeds of CAN $43,657,190. The private placement included all of the common shares issuable under AMG's additional share option. After giving effect to the public offering and the private placement, AMG continues to own 50.6% of the issued and outstanding shares of Timminco.

The total gross proceeds of the public offering and the private placement was CAN $86,279,029. The net proceeds will be used primarily for significant production capacity expansion for solar grade silicon at the company's manufacturing facility located in Bécancour, Québec and to further the company's objective to increase the purity of production beyond the 99.999% material presently produced. The balance of the net proceeds will be used for repayment of term bank debt and general corporate purposes.

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).