Umicore

M&A Activity • Dec 2, 2014

CP-2014-56-R Regulated information 08:30 CET

Press release 2 December 2014

Umicore acquires full ownership of Todini and Co

Umicore announced today that it has reached an agreement with the Todini family to purchase its 52% stake in Todini and Co, thereby bringing Umicore's ownership to 100%.

Since 2005, Umicore and the Todini Group spa have operated a joint venture focused on the distribution of chemical products, such as metal salts and non-ferrous metal oxides. The company, Todini and Co, based in Monza, Italy, has six subsidiaries outside Italy and is a European leader in the distribution of industrial chemical products. Its customers serve a variety of industries including surface treatment and plating, pigments, glass & ceramics and animal nutrition. The company generated a turnover of € 125 million (metal included) in 2013 and employs 38 people.

Todini and Co will be integrated in Umicore's Cobalt & Specialty Materials business unit. It will enable the business to expand further its distribution activities and strengthen its supply chain from raw materials to end customers.

Joris van Hove, global business director Umicore, commented: "We are very pleased with this acquisition and the benefits it will bring to both companies in the different markets. Twelve months after our acquisition of US distributor Palm Commodities, this underlines our commitment to further expand our activities, to strengthen our product portfolio and to add an additional step in the overall value chain."

Carlo Todini added: "Todini Group spa and Umicore can be proud of a successful and profitable collaboration over the past ten years. Becoming part of Umicore is the logical next step in the development of the JV Todini and Co."

Closing is anticipated around year end, pending standard regulatory approvals.

Umicore Group Communications

Naamloze vennootschap/Société Anonyme phone +32 2 227 71 11 VAT BE0401 574 852 Broekstraat 31 Rue du Marais fax +32 2 227 79 00 Company number 0401574852 B-1000 Brussels e-mail info@umicore.com Registered office Broekstraat 31 Rue du Marais Belgium web www.umicore.com B-1000 Brussels

Note to editors

Plating refers to any number of chemical or electrochemical processes used to apply layers of certain metals, such as nickel, to the surface of metal or plastic components to enhance physical properties including corrosion resistance, wear resistance and decorative appearance. Applications are broad based including aerospace, automotive, consumer goods, electronics, oil and gas production, plumbing fixtures and many others.

For more information

Media Relations
Tim Weekes	+32 2 227 73 98	tim.weekes@umicore.com
Investor Relations
Evelien Goovaerts	+32 2 227 78 38	evelien.goovaerts@umicore.com

Umicore profile

Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are centred on four business areas: Catalysis, Energy Materials, Performance Materials and Recycling. Each business area is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean technologies, such as emission control catalysts, materials for rechargeable batteries and photovoltaics, fuel cells, and recycling. Umicore's overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.

The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of € 9.8 billion (€ 2.4 billion excluding metal) in 2013 and currently employs some 14,200 people.