AMG : Subsidiary Timminco provides an update on solar grade silicon operations

Amsterdam, 12  January  2009  --- AMG  Advanced  Metallurgical  Group
N.V.'s ("AMG", EURONEXT AMSTERDAM:  "AMG") 50.4% subsidiary  Timminco
Limited ("Timminco";  TSX: TIM),  produced 554  metric tons  (mt)  of
solar grade  silicon  during  the  fourth  quarter,  representing  an
increase of  62% over  that  produced during  the third  quarter  and
resulting in  total  production  of  1,214 mt  for  the  2008  year.
Shipments of solar grade silicon for the fourth quarter were 423 mt.
As a result, Timminco achieved total  shipments for the 2008 year  of
1,044 mt.

The average  selling price  for solar  grade silicon  shipped in  the
fourth quarter was C$65 per kg, resulting in gross revenue of  C$27.7
million for this product line in the quarter.  Average selling  price
in the  quarter reflects  customer mix  and the  depreciation of  the
Canadian dollar against the Euro and US dollar during the quarter.

In addition,  Timminco commissioned  its fifth  and sixth  production
lines in the  last week of  November and the  third week of  December
2008, respectively.


About AMG
AMG, incorporated in the Netherlands, is a global leader in the
production of highly engineered specialty metal products and advanced
vacuum furnace systems.  AMG serves growing industries worldwide with
its unique combination of metallurgical engineering expertise and
production know-how.  AMG is a market leader in many of its products
and systems, which are critical to the production of key components
for the aerospace, energy (including solar and nuclear), electronics,
optics, chemicals, construction and transportation industries.  AMG
has two operating divisions of businesses, Advanced Materials and
Engineering Systems, and owns majority interests in publicly-listed
companies Timminco Limited (TSX: "TIM") and Graphit Kropfmühl AG
(Deutsche Börse: GKR.DE).

The Advanced Materials Division 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, aluminum
master alloys and additives, chromium metal and ferrotitanium, used
by steel, aluminum, chemical and superalloy producers for aerospace,
automotive, energy, electronics, optics, chemicals, construction and
other applications.  Other key products produced by AMG include
specialty alloys for titanium and superalloys, coating materials,
tantalum and niobium oxides, vanadium chemicals and antimony
trioxide.

The Engineering Systems Division designs, engineers and produces
advanced vacuum furnace systems and operates vacuum heat treatment
facilities.  AMG is a global leader in supplying
technologically-advanced vacuum furnace systems to customers in the
aerospace, energy (including solar and nuclear), transportation,
electronics, superalloys and specialty steel industries.  Examples of
furnace systems produced by AMG include vacuum remelting, solar
silicon melting and crystallization, vacuum induction melting, vacuum
heat treatment and high pressure gas quenching, vacuum precision
casting, turbine blade coating and sintering.  AMG also provides
vacuum case-hardening heat treatment services on a tolling basis to
customers through facilities equipped with vacuum heat treatment
furnaces.

Timminco Limited is a majority controlled, publicly listed subsidiary
of AMG. Timminco is a leader in the production of upgraded
metallurgical silicon for the rapidly growing solar photovoltaic
energy industry. Timminco also produces silicon metal and magnesium
products for use in a broad range of industrial applications.

Graphit Kropfmühl AG is a majority controlled, publicly listed
subsidiary of AMG.  Based on its secure raw material sources in
Africa, China and Europe, Graphit Kropfmühl is a specialist in the
production of silicon metal and the extraction, processing and
refining of natural crystalline graphite for a wide range of energy
saving industrial applications.

AMG operates globally with production facilities in Germany, the
United Kingdom, France, Czech Republic, the United States, Canada,
Mexico, Brazil, Sri Lanka and Australia and also has sales and
customer service offices in Belgium, Russia, China and Japan
(website: www.amg-nv.com).


For further information please contact:

AMG Advanced Metallurgical Group N.V.   [phone]
Jonathan Costello
Director of Corporate Communications
[e-mail]


Timminco Limited      [phone]
Robert Dietrich
Executive Vice President and CFO
[e-mail]


Disclaimer

Certain statements in this press release are not historical facts and
are "forward looking". Forward looking statements include  statements
concerning  AMG's  plans,   expectations,  projections,   objectives,
targets,  goals,  strategies,  future  events,  future  revenues   or
performance,  capital  expenditures,   financing  needs,  plans   and
intentions relating to acquisitions, AMG's competitive strengths  and
weaknesses,  plans  or  goals  relating  to  forecasted   production,
reserves, financial position and  future operations and  development,
AMG's business  strategy  and  the  trends  AMG  anticipates  in  the
industries and  the  political  and legal  environment  in  which  it
operates and other information  that is not historical  information.
When used in  this press  release, the  words "expects,"  "believes,"
"anticipates,"  "plans,"   "may,"  "will,"   "should,"  and   similar
expressions, and  the negatives  thereof,  are intended  to  identify
forward looking  statements. By  their very  nature, forward  looking
statements involve inherent risks and uncertainties, both general and
specific,  and   risks  exist   that  the   predictions,   forecasts,
projections  and  other  forward  looking  statements  will  not   be
achieved. These forward looking statements speak only as of the  date
of this  press release.  AMG expressly  disclaims any  obligation  or
undertaking to  release  publicly any  updates  or revisions  to  any
forward looking statement contained herein  to reflect any change  in
AMG's expectations  with  regard thereto  or  any change  in  events,
conditions, or circumstances on  which any forward looking  statement
is based.

AMG Subsidiary Timminco provides an update on solar grade silicon
operations


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
http://hugin.info/138060/R/1281358/286532.pdf


Copyright © Hugin AS 2009. All rights reserved.