Amsterdam, 8 December 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 46.0% owned affiliate, Timminco Limited ("Timminco"; TSX: TIM) announced today that it has agreed to issue approximately 900,000 common shares, representing approximately 0.6% of Timminco's current issued and outstanding shares, as full and final settlement of approximately $1.2 million in outstanding payments due to a supplier of services for the silicon metal operations of its wholly-owned subsidiary, Bécancour Silicon Inc. The issuance of these common shares is subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

The issuance of these shares will decrease AMG's ownership in Timminco to approximately 45.7%.