AMG Critical Materials N.V.

Investor Presentation • Feb 7, 2008

Disclaimer

Certain statements in this presentation constitute forward-looking statements, including statements regarding the company's financial position, business strategy, plans and objectives of management for future operations. These statements, which contain the words "believe," "expect," "anticipate," "intends,""estimate," "forecast," "project," "will," "may," "should" and similar expressions, reflect the beliefs and expectations of the directors of AMG Advanced Metallurgical Group N.V. (the "Company") and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company's recent acquisitions, the timely development and acceptance of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general business and global economic conditions. These and other factors could adversely affect the outcome andfinancial effects of the plans and events described herein.

Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty orobligation to supplement, amend, update or revise any of the forward-looking statements contained in this presentation.

The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.

This document has not been approved by any competent regulatory or supervisory authority.

Our Two Frontiers Of Solar Innovations

New Becancour Solar Plant

SCU 400 – Solar Silicon Crystallizationand Melting Furnace

Our Link To Four Big Growth Trends

•Solar

• Upgraded metallurgical silicon (UMSi)
• Vacuum furnace technology leadership
• • Fuel economyAdvanced materials and coatings

•Nuclear

Sintering furnaces for nuclear fuel, growing patent family

• RecyclingSpecialty metals from waste streams (Alberta)

Stabilization Wedges

Based on the paper by Stephen Pacala & Robert Socolow

* The CO2 emissions reductions necessary to achieve any such target depend on the emissions judged likely to occur in the absence of a focus on carbon [called a business-as-usual (BAU) trajectory], the quantitative details of the stabilization target, and the future behavior of natural sinks for atmospheric CO2(i.e., the oceans and terrestrial biosphere).

Stabilization Wedges as They Relate to AMG

Stabilization Wedges

Based on the paper by Stephen Pacala & Robert Socolow

1. Efficient vehicles AMG2. Reduced use of vehicles3. Efficient buildings4. Efficient baseload coal plants (Advanced high-temperature materials)5. Efficient baseload coal plants (Replacement of coal plants by gas plants)6. Capture CO² at baseload power plant 7. Capture CO² at H² plant 8. Capture CO² at coal-to-synfuels plant 9. Nuclear power for coal power AMG10. Wind power for coal power11. PV power for coal power AMG12. Wind H² in fuel-cell car for gasoline in hybrid car 13. Biomass fuel for fossil fuel 14. Reduced deforestation, plus reforestation, afforestation, and new plantations15.Conservation tillage

AMG Technologies

Servicing the Solar Industry

Production Equipment for Feedstock for the Solar Industry

Production Equipment for High Grade Silicon Blocks for the Solar Industry

Production Equipment for High Grade Silicon Blocks for the Solar Industry

PVD-Coating Materials for Thin Film Photovoltaic

Quality Control of CIS Modules During Production, Source: Centrosolar Group AG

Servicing the Titanium Industry

Processing of Titanium

Production of Master Alloys for the Titanium and Superalloy Industry

Leadership in Production of Titanium-Aluminides

Titanium in Engines

Titanium in Aerospace Structures

	Most commo
	Ti CP (a)
	Ti 6-4 $(a/b)$
	Ti gr. 9 (a/b)
	Ti 21S (n.b)
	Ti 15-3-3-3 (n.
	Ti $10 - 2 - 3$ (b) Ti $6-2-4-2$ (b) Ti 6-2-4-6 (b)

Most commonly used Ti alloys in aerospace structures

T i C P ( ) a	d i f f d t e r e n g r a e s	b i f d i i t u n g s o r e- c n g k i h i l t t t c e n, o e
T i 6- 4 ( / b ) a	T i - 6 A l - 4 V	b i l i l t s a e r s, p o n s, z y l t t g e n e r a s r c r e s u u
T i ( / b ) 9 g r. a	T i - A l - V 3 2, 5	h d l i b i t y r a u c u n g s
T i S ( b ) 2 1 n.	T i - M N b A l - S i 1 5 -3 -3 0, 2 o	i l l t t t e n v r o n m e n a c o n r o s y s e m , d i h d l i b i t t u c n g, y r a u c u n g
T i 1 5- 3- 3- 3 ( b ) n.	C S T i - 1 5 V -3 3 -3 A l r - n	i l l t t t e n v r o n m e n a c o n r o s y s e m , d i t c n g u
T i ( b ) 1 0- 2- 3 T i ( b ) 6- 2- 4- 2 T i 6- 2- 4- 6 ( b )	T i V F A l 1 0 -2 -3 e T i - A l - S Z M 6 2 -4 2 n r - o T i - 6 A l - 2 S -4 Z 6 M n r - o	l d i a n n g g e a r s i t e n g n e m o u n s f h h i l d t t a e a s e s

AMG's Nuclear Activities

• • AMG's current involvement in nuclear industry includes:
• Sintering of nuclear fuel pellets made of uranium and plutonium oxide
  • • AMG designs and builds sintering furnace systems and other relatedequipment
• Nuclear fuel production for pebble bed reactors
  • • AMG develops process technology and builds furnaces for theproduction of fuel spheres
• • AMG continues to invest in R&D to further expand its nuclear capabilities to capitalize on the re-emergence of the nuclear industry

Mixed Oxide Fuel Elements

Mixed oxide (MOX) fuel elements:

• •Closing of the fuel cycle
• •Long term availability of fissible material
• •Safety against proliferation

The Innovation Process

• • New technology for extracting specialty metals from Alberta oil sands waste streams (vanadium, molybdenum, nickel)
• •UMSi
• •New product line for solar grade silicon ingots
• •New vacuum technology product line for titanium metal plants
• •Leadership position in China for solar and titanium
• • Developed a radically new heat treatment technology for automotive engine parts; also offered in a build-own-operate model

In Progress

• •Capacity expansion for recycling operations
• •UMSi capacity expansion
• •UMSi quality enhancement (less blending)
• •Productivity improvement of our solar silicon ingot furnaces
• •New gamma Ti Al alloys for turbine and aircraft applications
• •Expand the capacity of our oil-sands-waste stream recycling operations
• •A new family of plasma coating materials and coating services
• • Significant expansion our nuclear engineering activities including a technology to address the spent-fuel-storage problem
• • Development of lithium vanadate for lithium polymer batteries for the wind turbine industry
• •Development of new CIG (copper indium gallium) materials for solar applications

Risk Management Approach

AMG ADVANCED METALLURGICAL GROUP N.V.

Innovation Risk Management

Vacuum Heat Treatment with High Pressure Gas Quenching for Less Fuel Consumption

Waste Stream Processing

AMG has a unique process utilizing secondary raw materials – recycling of spent oil refinery catalysts and power plant residues

Portfolio of Metal Prices

AMG Investor Summary

				8
I S I N	N L 0 0 0 0 8 8 8 6 9 1
I P O	Ju ly h, E U R 1 1 t 2 0 0 7 a t 2 4. 0 0
S ha d ing ts ta res o n u	2 6, 7 9 9, 5 0 4
Ma ke i l iza ion ( E U R 3 9, 7 9 ) t c ta t r ap	E U R 1, 0 6 6, 3 5 2, 2 6 4
Av l iq i d i ty era g e u	ha 1 4 9, 1 2 2 s res
Ma j S ha ho l de or re rs
Sa feg d In ion l Fu d L P te t ua r rna a n	2 6, 5 6 %
Lu Ma L L C t xo r na g em en	5, 4 5 %
C i de l Inv Gr L d ta tm t t es en ou p	5, 1 8 %
F i de l i Fu d ty n	5. 0 8 %
Ca i l Re h a d Ma Co ta t p se arc n na g em en mp an y	5, 0 1 %