Secondary sale of 3,500,000 shares in AMG Advanced Metallurgical Group N.V. at EUR 40 per share
Amsterdam, 17. October 2007—AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: AMG) was informed by its major shareholder Safeguard International Fund, L.P. (the “Selling Shareholder”), holder of approximately 10.6 million ordinary shares of AMG that the Selling Shareholder has today sold 3.5 million of those shares at EUR 40 per share to institutional investors (the “Offering”). This represents approximately 13.1% of the issued share capital in AMG.
No other parties have sold shares in AMG as part of the Offering.
Following this transaction the Selling Shareholder will hold approximately 7.1 million shares or 26.6% of the issued share capital in AMG. The Selling Shareholder has agreed with Credit Suisse to a lock-up whereby no other shares held by it in AMG may be sold for a period of 90 days after today’s date.
Credit Suisse acted as Sole Bookrunner for the Offering.
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).
About Safeguard International Fund, L.P.:
Safeguard International is a private equity fund which was formed to make acquisitions of technology-oriented metallurgical businesses in North and South America and Western Europe (website: www.safeguardintl.com).
For further information please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 2508
Chief Financial Officer