AMG owns 79,52% of Graphit Kropfmuehl AG
Amsterdam, 19 June 2008 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announced that its wholly owned subsidiary AMG Invest GmbH has published the final result of its voluntary public tender offer of non-par value bearer shares in Graphit Kropfmuehl Aktiengesellschaft, Hauzenberg. After the final settlement of additional acceptances, AMG Invest GmbH owns 79,52% of the shares in Graphit Kropfmuehl AG.

Dr. Heinz C. Schimmelbusch, CEO of AMG, commented: "We are pleased with the successful completion of the offer and welcome Graphit Kropfmuehl AG to AMG. We will now begin to work together with the management of Graphit Kropfmuehl AG to bring out the full potential of this acquisition and increase shareholder value."


AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announced the resignation of Dr. Andrei Bougrov as a member of the Supervisory Board. Dr. Bougrov has served AMG in this capacity since its inception.

Dr. Andrei Bougrov has been a member of the Supervisory Board of AMG Advanced Metallurgical Group N.V. and a member of the Remuneration Committee of the Board since 7 June 2007. Given Dr. Bougrov's other responsibilities and global travel schedule it has become increasingly difficult to keep up with the requirements of AMG's meeting schedule and other corporate processes. Therefore, with the regret of both Dr. Bougrov and AMG, Dr. Bougrov has relinquished his Board position.

The Supervisory Board will, at the next general meeting of the shareholders, nominate a new candidate to fill this vacancy. The other members of the Remuneration Committee of the Board have assumed Dr. Bougrov's tasks and responsibilities as a member of that committee.

Pedro Pablo Kuczynski, Chairman of the AMG Supervisory Board stated: "We are extremely grateful for the invaluable contributions Dr. Bougrov has made during AMG's critical public offering period and the subsequent strategic positioning of the company."