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.