Umicore

Annual / Quarterly Financial Statement • Mar 23, 2012

40					1	EUR
Nr.	Date of the deposition	No. 0401.574.852		PP.	E.	D.			C 1.1
	ANNUAL ACCOUNT IN EURO
NAME:	UMICORE SA
	Legal form: PLC
Address:	Rue du marais							Nr.: 31
Postal Code:	1000	City: Brussel 1
	Country: Belgium
	Register of Legal Persons (RLP) - Office of the commercial court at:			Bruxelles
	Internet address *: www.umicore.com
						Company number:		0401.574.852
DATE	10/06/2011							of the deposition of the partnership deed OR of the most recent document mentioning the date of
	publication of the partnership deed and the act changing the articles of association.
	ANNUAL ACCOUNT approved by the General Meeting of				24/04/2012
	concerning the financial year covering the period from		1/01/2011			till		31/12/2011
		Previous period from	1/01/2010			till		31/12/2010
	The amounts of the previous financial year are	are not					** identical to those which have been previously published.
		/
	COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS
	LEYSEN Thomas
	Dennenlaan 9A, 2020 Antwerpen 2, Belgium
	Title : President of the board of directors
	Mandate : 28/04/2009- 24/04/2012
	GRYNBERG Marc
	Avenue de l'Avocat 5, 1410 Waterloo, Belgium
	Title : Delegated director
	Mandate : 28/04/2009- 24/04/2012
	DE PRET Arnoud
	Rue de Mianoye 36, 5530 Yvoir, Belgium
Title : Director
	Mandate : 27/04/2011- 29/04/2014
	BOUILLOT Isabelle
	Henri Barbusse 42, 75005 Paris, France
Title : Director
	Mandate : 27/04/2010- 30/04/2013
	Enclosed to these annual accounts:
of service:	Total number of pages deposited: 5.1, 5.2.3, 5.2.4, 5.3.4, 5.5.2, 5.17.2, 7, 8, 9	43						Number of the pages of the standard form not deposited for not being
	Signature						Signature
	(name and position)						(name and position)

GRYNBERG Marc Chief Executive Officer

* Optional statement.

VANDERVELDEN Ludo Chief Financial Officer

** Delete where appropriate.

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

WENDEL Klaus

Av du Vert Bocage 38, 1410 Waterloo, Belgium Title : Director Mandate : 28/04/2009- 24/04/2012

BUFE Uwe-Ernst

Scharderhohlweg 29, 61462 Königstein-im-Taunus, Germany Title : Director Mandate : 27/04/2011- 29/04/2014

Third Avenue 73, 2196 Inanda, South Africa Title : Director OPPENHEIMER Jonathan Mandate : 27/04/2011- 29/04/2014

PAQUOT Guy

Rue Cornelis 17, 1310 La Hulpe, Belgium Title : Director Mandate : 27/04/2011- 24/04/2012

NAITO Shohei

Ebisu-Minami 2-26, box 1, 1301 Shibuya-Ku-Tokyo, Japan Title : Director Mandate : 27/04/2010- 30/04/2013

Traubinger Strasse 18, 82327 Tutzing, Germany Title : Director KOLMSEE Ines Mandate : 27/04/2011- 29/04/2014

Berkendallaan 52, 1800 Vilvoorde, Belgium Title : Director DEHAENE Jean-Luc Mandate : 28/04/2009- 26/04/2011

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

PricewaterhouseCoopers Reviseurs d'Entreprises SCCRL 0429.501.944

Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium

Title : Auditor, Number of membership : B00009

Mandate : 26/04/2011- 29/04/2014

Represented by:

DAELMAN Marc SPRL Woluwedal 18 , 1932 Sint-Stevens-Woluwe, Belgium 1.

Number of membership : A01579

ATTOUT Emmanuèle Woluwedal 18 , 1932 Sint-Stevens-Woluwe, Belgium 2.

Number of membership : A01230

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

The annual accounts have have not * / been audited or adjusted by an external accountant or auditor who is not a statutory auditor.

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking**,
• B. Preparing the annual accounts**,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

BALANCE SHEET

	Notes	Codes	Period	Previous period
ASSETS
FIXED ASSETS		20/28	3.730.402.766	3.730.162.830
Formation expenses	5.1	20
Intangible fixed assets	5.2	21	72.408.590	57.818.026
Tangible fixed assets	5.3	22/27	302.174.111	298.154.764
Land and buildings		22	123.988.702	119.731.802
Plant, machinery and equipment		23	144.296.331	142.371.488
Furniture and vehicles		24	12.257.453	9.611.665
Leasing and other similar rights		25
Other tangible fixed assets		26	497.879	1.004.680
Assets under construction and advance payments		27	21.133.746	25.435.129
	5.4/
Financial fixed assets	5.5.1	28	3.355.820.065	3.374.190.040
Affiliated enterprises	5.14	280/1	3.315.992.063	3.307.791.463
Participating interests		280	3.315.992.063	3.307.791.463
Amounts receivable		281
Other enterprises linked by participating interests	5.14	282/3	410.365	130.365
Participating interests		282	410.365	130.365
Amounts receivable		283
Other financial assets		284/8	39.417.637	66.268.212
Shares		284	33.983.272	60.820.256
Amounts receivable and cash guarantees		285/8	5.434.365	5.447.956
CURRENT ASSETS		29/58	1.342.747.443	1.092.649.297
Amounts receivable after more than one year		29	798.483	838.483
Trade debtors		290
Other amounts receivable		291	798.483	838.483
Stocks and contracts in progress		3	566.507.569	407.073.385
Stocks		30/36	566.507.569	407.073.385
Raw materials and consumables		30/31	209.471.669	147.050.837
Work in progress		32	111.791.521	57.838.787
Finished goods		33	211.321.176	162.679.280
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36	33.923.203	39.504.481
Contracts in progress		37
Amounts receivable within one year	5.5.1/ 5.6	40/41	508.993.389	506.454.564
Trade debtors		40	212.014.933	207.580.280
Other amounts receivable		41	296.978.456	298.874.284
Current investments		50/53	259.349.328	158.851.866
Own shares		50	246.140.737	158.818.898
Other investments and deposits		51/53	13.208.591	32.968
Cash at bank and in hand		54/58	545.525	4.058.072
Deferred charges and accrued income	5.6	490/1	6.553.149	15.372.927
TOTAL ASSETS		20/58	5.073.150.209	4.822.812.127

Nr. 0401.574.852				C 2.2
EQUITY AND LIABILITIES	Notes	Codes	Period	Previous period
EQUITY		10/15	1.415.121.169	1.368.934.778
Capital	5.7	10	500.000.000	500.000.000
Issued capital		100	500.000.000	500.000.000
Uncalled capital		101
Share premium account		11	6.609.766	6.609.766
Revaluation surpluses Reserves		12 13	90.952 446.294.605	90.952 358.972.765
Legal reserve
Reserves not available		130 131	50.000.000 246.140.738	50.000.000 158.818.898
In respect of own shares held		1310	246.140.738	158.818.898
Other		1311
Untaxed reserves		132	150.153.867	150.153.867
Available reserves		133
Accumulated profits (losses) (+)/(-)		14	454.536.449	497.502.524
Investment grants		15	7.589.397	5.758.771
Advance to associates on the sharing out of the assets		19
PROVISIONS AND DEFERRED TAXES		16	86.204.759	90.525.501
Provisions for liabilities and charges		160/5	86.204.759	90.525.501
Pensions and similar obligations		160	17.831.794	20.262.777
Taxation		161
Major repairs and maintenance		162	5.380.844	5.659.679
Other liabilities and charges	5.8	163/5	62.992.121	64.603.045
Deferred taxes		168
AMOUNTS PAYABLE		17/49	3.571.824.281	3.363.351.848
Amounts payable after more than one year	5.9	17	1.528.750.000	1.888.000.000
Financial debts		170/4	1.528.000.000	1.888.000.000
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173		20.000.000
Other loans		174	1.528.000.000	1.868.000.000
Trade debts		175	750.000
Suppliers		1750	750.000
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year Current portion of amounts payable after more than one		42/48	1.963.445.142	1.410.377.790
year falling due within one year	5.9	42	400.000.000	50.000.000
Financial debts		43	916.855.342	832.670.625
Credit institutions		430/8
Other loans		439	916.855.342	832.670.625
Trade debts		44	507.065.263	397.829.403
Suppliers		440/4	506.265.032	396.757.761
Bills of exchange payable		441	800.231	1.071.642
Advances received on contracts in progress		46	6.469.746	7.230.892
Taxes, remuneration and social security	5.9	45	58.802.722	62.110.008
Taxes		450/3	6.508.914	12.396.217
Remuneration and social security		454/9	52.293.808	49.713.791
Other amounts payable		47/48	74.252.069	60.536.862
Accrued charges and deferred income	5.9	492/3	79.629.139	64.974.058
TOTAL LIABILITIES		10/49	5.073.150.209	4.822.812.127

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income	5.10	70/74	4.579.923.323	2.628.688.693
Turnover		70	4.358.814.087	2.497.501.514
Increase (decrease) in stocks of finished goods, work and contracts in progress (+)/(-)		71	104.901.690	32.523.243
Own construction capitalised		72	38.114.592	20.308.955
Other operating income		74	78.092.954	78.354.981
Operating charges		60/64	4.421.003.101	2.503.053.814
Raw materials, consumables		60	3.942.396.823	2.068.997.630
Purchases		600/8	4.005.675.237	2.110.493.921
Decrease (increase) in stocks (+)/(-)		609	-63.278.414	-41.496.291
Services and other goods		61	165.343.506	149.907.041
Remuneration, social security costs and pensions (+)/(-)	5.10	62	239.654.496	226.851.174
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	64.737.696	49.856.059
Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) (+)/(-)	5.10	631/4	3.165.231	-1.095.634
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	5.10	635/7	-4.320.741	-4.646.559
Other operating charges	5.10	640/8	10.026.090	13.184.103
Operation charges carried to assets as restructuring costs (-)		649
Operating profit (loss) (+)/(-)		9901	158.920.222	125.634.879
Financial income		75	115.398.373	28.116.236
Income from financial fixed assets		750	111.254.999	25.105.837
Income from current assets		751	2.545.312	1.174.412
Other financial income	5.11	752/9	1.598.062	1.835.987
Financial charges	5.11	65	102.422.569	67.675.408
Debt charges		650	97.436.216	63.491.348
Amounts written down on current assets except stocks, contracts in progress and trade debtors (+)/(-)		651	1.108.214	367.120
Other financial charges		652/9	3.878.139	3.816.940
Gain (loss) on ordinary activities before taxes (+)/(-)		9902	171.896.026	86.075.707

	Codes	Period	Previous period
Extraordinary income	76	3.211.543	219.320.496
Write-back of depreciation and of amounts written down intangible and tangible fixed assets	760
Write-back of amounts written down financial fixed assets	761	2.466.226	16.332.777
Write-back of provisions for extraordinary liabilities and charges	762
Gains on disposal of fixed assets	763	744.817	201.737.719
Other extraordinary income	764/9	500	1.250.000
Extraordinary charges	66	20.149.614	1.747.635
Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets	660
Amounts written down financial fixed assets	661	20.149.614	1.542.357
Provisions for extraordinary liabilities and charges - Appropriations (uses) (+)/(-)	662
Loss on disposal of fixed assets	663
Other extraordinary charges 5.11	664/8		205.278
Extraordinary charges carried to assets as restructuring costs (-)	669
Profit (loss) for the period before taxes (+)/(-)	9903	154.957.955	303.648.568
Transfer from postponed taxes	780
Transfer to postponed taxes	680
Income taxes 5.12	67/77	-1.195.241	-71.812
Income taxes	670/3	153.224
Adjustment of income taxes and write-back of tax provisions	77	1.348.465	71.812
Profit (loss) for the period (+)/(-)	9904	156.153.196	303.720.380
Transfer from untaxed reserves	789
Transfer to untaxed reserves	689
Profit (loss) for the period available for appropriation (+)/(-)	9905	156.153.196	303.720.380

APPROPRIATION ACCOUNT

	Codes	Period	Previous period
Profit (loss) to be appropriated (+)/(-)	9906	653.655.720	574.121.588
Gain (loss) to be appropriated (+)/(-)	(9905)	156.153.196	303.720.380
Profit (loss) to be carried forward (+)/(-)	14P	497.502.524	270.401.208
Transfers from capital and reserves	791/2		14.216.571
from capital and share premium account	791
from reserves	792		14.216.571
Transfers to capital and reserves	691/2	87.321.840
to capital and share premium account	691
to the legal reserve	6920
to other reserves	6921	87.321.840
Profit (loss) to be carried forward (+)/(-)	(14)	454.536.449	497.502.524
Owner's contribution in respect of losses	794
Profit to be distributed	694/6	111.797.431	90.835.635
Dividends	694	111.797.431	90.835.635
Director's or manager's entitlements	695
Other beneficiaries	696

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Previous period
RESEARCH AND DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	30.830.708
Movements during the period
Acquisitions, including produced fixed assets	8021	22.120.333
Sales and disposals	8031
Transfers from one heading to another (+)/(-)	8041	1.980.113
Acquisition value at the end of the period	8051	54.931.154
Depreciation and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	16.538.890
Movements during the period
Recorded	8071	6.434.476
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transfers from one heading to another (+)/(-)	8111
Depreciation and amounts written down at the end of the period	8121	22.973.366
NET BOOK VALUE AT THE END OF THE PERIOD	210	31.957.788

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	99.773.062
Movements during the period
Acquisitions, including produced fixed assets	8022	9.237.700
Sales and disposals	8032
Transfers from one heading to another (+)/(-)	8042	-1.813.905
Acquisition value at the end of the period	8052	107.196.857
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	56.246.855
Movements during the period
Recorded	8072	10.499.548
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102
Transfers from one heading to another (+)/(-)	8112	-348
Depreciation and amounts written down at the end of the period	8122	66.746.055
NET BOOK VALUE AT THE END OF THE PERIOD	211	40.450.802

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Previous period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	273.011.875
Movements during the period
Acquisitions, including produced fixed assets	8161	9.029.757
Sales and disposals	8171	596.827
Transfers from one heading to another (+)/(-)	8181	7.556.547
Acquisition value at the end of the period	8191	289.001.352
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx	7.706.828
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transfers from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251	7.706.828
Depreciation and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	160.986.901
Movements during the period
Recorded	8271	12.786.232
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301	458.171
Transfers from one heading to another (+)/(-)	8311	-595.484
Depreciation and amounts written down at the end of the period	8321	172.719.478
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	123.988.702

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	611.034.835
Movements during the period
Acquisitions, including produced fixed assets	8162	17.953.643
Sales and disposals	8172	1.664.509
Transfers from one heading to another (+)/(-)	8182	5.708.842
Acquisition value at the end of the period	8192	633.032.811
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	468.663.348
Movements during the period
Recorded	8272	30.635.405
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	1.189.466
Transfers from one heading to another (+)/(-)	8312	-9.372.807
Depreciation and amounts written down at the end of the period	8322	488.736.480
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	144.296.331

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	37.071.574
Movements during the period
Acquisitions, including produced fixed assets	8163	6.179.603
Sales and disposals	8173	2.219.696
Transfers from one heading to another (+)/(-)	8183	1.129.635
Acquisition value at the end of the period	8193	42.161.116
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	27.459.910
Movements during the period
Recorded	8273	4.365.253
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	2.097.176
Transfers from one heading to another (+)/(-)	8313	175.676
Depreciation and amounts written down at the end of the period	8323	29.903.663
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	12.257.453

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	12.417.507
Movements during the period
Acquisitions, including produced fixed assets	8165	2.299
Sales and disposals	8175	56.330
Transfers from one heading to another (+)/(-)	8185	8.445.476
Acquisition value at the end of the period	8195	20.808.952
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx	601.050
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255	601.050
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	12.013.876
Movements during the period
Recorded	8275	16.782
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305	56.330
Transfers from one heading to another (+)/(-)	8315	8.937.795
Depreciation and amounts written down at the end of the period	8325	20.912.123
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	497.879

	Codes	Period	Previous period
ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	25.435.129
Movements during the period
Acquisitions, including produced fixed assets	8166	20.182.372
Sales and disposals	8176	656.306
Transfers from one heading to another (+)/(-)	8186	-23.827.449
Acquisition value at the end of the period	8196	21.133.746
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
Transfers from one heading to another (+)/(-)	8246
Revaluation surpluses at the end of the period	8256
Depreciation and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
Transfers from one heading to another (+)/(-)	8316
Depreciation and amounts written down at the end of the period	8326
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	21.133.746

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	3.366.478.538
Movements during the period
Acquisitions, including produced fixed assets	8361	9.521.248
Sales and disposals	8371
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	3.375.999.786
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	58.687.074
Movements during the period
Recorded	8471	3.786.875
Written back	8481	2.466.226
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521	60.007.723
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	3.315.992.063
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

	Codes	Period	Previous period
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	1.632.988
Movements during the period
Acquisitions, including produced fixed assets	8362	280.000
Sales and disposals	8372
Transfers from one heading to another (+)/(-)	8382
Acquisition value at the end of the period	8392	1.912.988
Revaluation surpluses at the end of the period	8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8412
Acquisitions from third parties	8422
Cancelled	8432
Transfers from one heading to another (+)/(-)	8442
Revaluation surpluses at the end of the period	8452
Amounts written down et the end of the period	8522P	xxxxxxxxxxxxxxx	1.486.371
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
Transfers from one heading to another (+)/(-)	8512
Amounts written down at the end of the period	8522	1.486.371
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx	16.252
Movements during the period (+)/(-)	8542
Uncalled amounts at the end of the period	8552	16.252
NET BOOK VALUE AT THE END OF THE PERIOD	(282)	410.365
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	283P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8582
Repayments	8592
Amounts written down	8602
Amounts written back	8612
Exchange differences (+)/(-)	8622
Other (+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD	(283)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8652

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	117.640.722
Movements during the period
Acquisitions, including produced fixed assets	8363
Sales and disposals	8373	10.474.246
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393	107.166.476
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx	56.812.058
Movements during the period
Recorded	8473	16.362.739
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523	73.174.797
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx	8.407
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553	8.407
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	33.983.272
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	5.447.956
Movements during the period
Additions	8583
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633	-13.591
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	5.434.365
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued.

	Shares held by			Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore France FC Les Mercuriales tour du ponant r J Jaures 40 93176 BAGNOLET CEDEX France 10342965001				31/12/2010	EUR	52.133.337	16.158.518
Shares	1520000 100,00		0,00
Umicore Engineering PLC Rue du Marais / Broekstraat 31 1000 Brussel 1 Belgium 0422.631.473				31/12/2010	EUR	18.017.744	34.529
Shares	106853	99,99	0,01
Umicore Finance UK FC Bridge House - London Bridge SE1 9QR London United Kingdom 740577036				31/12/2009	GBP	3.325.000	223.000
Shares	11600000 100,00		0,00
Umicore Financial Services PLC Rue du Marais / Broekstraat 31 1000 Brussel 1 Belgium 0428.179.081				31/12/2010	EUR	1.939.385.178	44.567.009
Shares	73003	11,98	88,02
Umicore MS Lusitana FC Travessa do Padrao Freguessia de Perafita 4455524 Perafita(Concelho de Matosinhos) Portugal 505683155				31/12/2010	EUR	14.556	-3.869
Shares	914	1,72	98,28
Umicore USA FC Zinc Plant Road 1800 37041- 1104 Claksvillle-Tennessee United States of America				31/12/2010	USD	212.656.939	-2.739.504
Shares		483 100,00	0,00
Umicore Shanghai FC Changshi Road 250 201600 Shanghai (Songjiang County) China				31/12/2010	CNY	95.279.368	9.227.205
Shares	49350000	75,00	0,00

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

		Shares held by		Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore South Africa FC 8 Penny Road - PO Box 1195 1725 Roodepoort South Africa				31/12/2010	ZAR	-32.635.795	-14.643.783
Shares		750 100,00	0,00
Umicore Building Products Scandinavia FC Lysbrohogen 5 8600 Silkeborg Denmark				31/12/2009	DKK	10.792.173	631.339
Shares Umicore Building Products Polska FC nl Ludwiki 4 01-226 Warsaw Poland	1499	99,93	0,07	31/12/2010	PLN	310.187	-419.798
Shares Unimet FC Ave Constitucion -Pte Tercer Piso 2233 Monterrey-Estado de Nueve Leon Mexico		2248 100,00	0,00	31/12/2010	MXN	-267.468	-181.151
Shares Umicore Autocatalyst Recycling Belgium PLC Greinerstraat 14 2660 Hoboken (Antwerpen) Belgium	4294	99,95	0,00	31/12/2010	EUR	141.981	-14.374
0466.261.083 Shares Umicore MS Taiwan FC Keelung Road Sec 2 -16F-2 189 Taipei Taiwan	6249	99,98	0,02	31/12/2010	TWD	5.734.796	-772.205
Shares Umicore Korea Limited FC Chaam-Dong 410 330-200 Cheonan - Ciry Chungnam South Korea	500000 100,00		0,00	31/12/2010	KRW	66.949.981.845	2.762.672.742
Shares	3249999 100,00		0,00

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

		Shares held by		Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Umicore Australia FC Somerville Road 414 3012 Tottenham - Victoria Australia				31/12/2010	AUD	16.156.488	2.187.102
Shares Umicore Holdings Philippines FC Sitio malinta Asinan Proper 1044 Subic - Zambales Philippines		10000 100,00	0,00	31/12/2010	PHP	155.202.041	839.499
Shares Umicore Building Products Iberica FC calle Juan Gris - Ed. Torres Cerda, 4 , box 6C 08014 Barcelona Spain	1536562	99,99	0,01	31/12/2010	EUR	751.336	50.130
Shares Umicore Holding 1 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	320000 100,00		0,00	31/12/2010	EUR	291.243.031	-1.249.203
Shares Umicore Holding 2 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany		100 100,00	0,00	31/12/2010	EUR	32.786.632	-188.110
Shares Umicore Finance Luxembourg FC Bld Grande Duchesse Charlotte 65 1331 Luxembourg Luxembourg		100 100,00	0,00	31/12/2010	EUR	2.595.110.989	76.780.355
Shares Umicore Building Products CZ FC Pod Visöovkou 1661 , box 31 140 00 Prague 4 Czech Republic	21249989	99,99	0,01	31/12/2010	CZK	2.462.000	16.000
Shares Umicore MS Australia PTY LTD FC St Kilda Road Towers-level 5 606 3004 Melbourne - Victoria Australia		100 100,00	0,00	31/12/2007	AUD	2.940.099	-1.205.746

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

Shares held by NAME, full address of the REGISTERED					Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Shares	1500100 100,00		0,00
Rezinal PLC Industriezone West 3550 Heusden (Limb.) Belgium 0414.089.040				31/12/2010	EUR	14.192.875	7.212.663
Shares	15000	50,00	0,00
Industrias Electro Quimicas SA FC Avenida Elmer Faucett 1920 Callao 1 Peru				31/12/2010	PEN	104.939.000	9.628.000
Shares	18464806	40,00	0,00
Todini AND Co FC Via Larga 8 Milano Italy 10722620159				31/12/2010	EUR	7.179.515	2.900.257
Shares	864000	48,00	0,00
Umicore Finance Norway FC Hoffsgate 10 3262 LARVIK Norway				31/12/2010	NOK	30.477.947	-153.831.189
Shares		12241 100,00	0,00
Umicore Specialty Materials Brugge PLC Kleine Pathoekeweg 82 8000 Brugge Belgium 0405.150.984				31/12/2010	EUR	420.681	1.978.116
ordinary shares	1499	99,93	0,07
Umicore Argentina FC Avenida Roque Sáenz Pena 651 8° piso Oficina 139, Buenos Aires Argentina 1.603.638				31/12/2010	ARS	22.588.652	-290.673
Shares	7816994	79,45	20,54

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares	51	19.941	30.241
Book value increased with the uncalled amount	8681	19.941	30.241
Uncalled amount	8682
Fixed income securities	52	2.763	2.727
Fixed income securities issued by credit institutions	8684
Fixed term deposit with credit institutions	53
Falling due
less or up to one month	8686
between one month and one year	8687
over one year	8688
Other investments not yet shown seperately	8689	13.185.887

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

Profit on hedging foreign exchange 1.105.333

Other deferred charges 3.629.980

Profit on hedging for metals 1.817.836

Period

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

STATEMENT OF CAPITAL

Social capital

Issued capital at the end of the period
Issued capital at the end of the period

Codes	Period	Previous period
100P	XXXXXXXXXXXXXX	500.000.000
(100)	500.000.000

	Codes	Amounts	Number of shares
Changes during the period:
Structure of the capital Different categories of shares
Ordinary Shares		500.000.000	120.000.000
Registered shares	8702	XXXXXXXXXXXXXX	7.501.900
Bearer shares and/or dematerialized shares	8703	XXXXXXXXXXXXXX	112.498.100

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721	38.516.400
Number of shares held	8722	9.243.936
Held by the subsidiaries
Amount of capital held	8731
Number of shares held	8732
Commitments to issue shares
Following the exercising of CONVERSION RIGHTS
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Following the exercising of SUBSCRIPTION RIGHTS
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital, not issued	8751	50.000.000

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AS AT THE ANNUAL BALANCING OF THE BOOKS, AS IT APPEARS FROM THE STATEMENT RECEIVED BY THE ENTERPRISE

	Number shares	% capital
Other shareholders	------------------------------ 85.226.773	------------------- 71.02
Titles detained by Umicore	9.243.936	7.70
Fidelity Management and Research LLC	3.778.809	3.15
Fidelity International Ltd	8.103.633	6.75
BlackRock Investment Management	9.996.285	8.33
Ameriprise Financial Inc	3.650.564	3.04
	----------------------	---------------
	120.000.000	100.00

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE
Premiums 25 &35 years service	1.636.667
Sundry litigations and sundry risks	5.666.872
Protection of the environment	55.688.582

Financial debts	8801	400.000.000
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841
Other loans	8851	400.000.000
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contracts in progress	8891
Other amounts payable	8901
Total amounts payable after more than one year, not more than one year	(42)	400.000.000
Amounts payable after more than one year, between one and five years
Financial debts	8802	1.478.000.000
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832
Credit institutions	8842
Other loans	8852	1.478.000.000
Trade debts	8862	750.000
Suppliers	8872	750.000
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902
Total amounts payable after more than one year, between one and five years	8912	1.478.750.000
Amounts payable after more than one year, over five years
Financial debts	8803	50.000.000
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833
Credit institutions	8843
Other loans	8853	50.000.000
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress	8893
Other amounts payable	8903
Total amounts payable after more than one year, over five years	8913	50.000.000

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 of the liabilities)
Expired taxes payable	9072
Non expired taxes payable	9073	6.408.818
Estimated taxes payable	450	100.096
Remuneration and social security (heading 454/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	52.293.808

Nr.	0401.574.852		C 5.9
			Period
	ACCRUED CHARGES AND DEFERRED INCOME
		Allocation of the heading 492/3 of liabilities if the amount is considerable
	Deferred income		13.075.841
	Other accrued charges		12.133.643
	Losses currency		17.222.217
	Treatment charges		33.291.131
	Lost on hedging for metal positions		3.906.307

OPERATING RESULTS

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Other operating income
Total amount of subsidies and compensatory amounts obtained from public authorities	740	1.197.524	912.325
OPERATING COSTS
Employees recorded in the personnel register
Total number at the closing date	9086	3.058	2.913
Average number of employees calculated in full-time equivalents	9087	2.909,3	2.791,5
Number of actual worked hours	9088	4.993.406	4.727.249
Personnel costs
Remuneration and direct social benefits	620	156.828.660	151.436.869
Employers' social security contributions	621	56.121.615	51.577.164
Employers' premiums for extra statutory insurances	622	14.892.963	12.950.630
Other personnel costs	623	7.139.393	5.815.224
Old-age and widows' pensions	624	4.671.865	5.071.287
Provisions for pensions
Additions (uses and write-back) (+)/(-)	635	-2.430.982	-4.194.645
Amounts written off Stocks and contracts in progress
Recorded	9110	3.724.995	906.975
Written back	9111	560.353	230.402
Trade debtors
Recorded	9112	8.243	38.239
Written back	9113	7.654	1.810.446
Provisions for risks and charges
Additions Uses and write-back	9115 9116	32.466.523 36.787.264	29.726.040 34.372.599
Other operating charges
Taxes related to operation	640	5.846.927	6.372.259
Other charges	641/8	4.179.163	6.811.844
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096	35	60
Average number calculated as full-time equivalents	9097	46,8	33,8
Number of actual worked hours	9098	92.564	66.761
Charges to the enterprise	617	2.864.281	2.197.196

FINANCIAL AND EXTRAORDINARY RESULTS

	Codes	Period	Previous period
FINANCIAL RESULTS
Other financial income
Amount of subsidies granted by public authorities, credited to income for the period
Capital subsidies	9125	1.122.556	461.937
Interest subsidies	9126
Allocation of other financial income
Exchange variances and differences		187.520	210.230
Sundry financial income		272.349	1.162.335
Financ.customers and int. for late payment		15.637	1.484
Amounts written down off loan issue expenses and repayment premiums	6501
Intercalary interests recorded as assets	6503
Value adjustments to current assets
Appropriations	6510	1.109.033	367.880
Write-backs	6511	819	760
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653	712.006	979.336
Provisions of a financial nature
Appropriations	6560		44.603
Uses and write-backs	6561
Allocation of other financial charges
Exchange variances and differences		2.937.407	3.092.642
Sundry financial costs		940.732	724.298

				EXTRAORDINARY RESULTS
--	--	--	--	-----------------------	--

Allocation other extraordinary income

Other extraordinary income 500

Allocation other extraordinary charges

Period

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXE
Income taxes on the result of the current period	9134	153.224
Income taxes paid and withholding taxes due or paid	9135	153.224
Excess of income tax prepayments and withholding taxes recorded under assets	9136
Estimated additional taxes	9137
Income taxes on previous periods	9138
Taxes and withholding taxes due or paid	9139
Estimated additional taxes estimated or provided for	9140
In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit
Taxable provisions and hidden reserves		-4.358.980
Gains & losses in financial fixed assets		-393.101
Non deductible charges		6.891.709
Already taxed dividends		-175.469.359
Write-off & reversal on financial assets		17.683.388

An indication of the effect of extraordinary results on the amount of income taxes relating to the current period

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets	9141	218.400.403
Accumulated tax losses deductible from future taxable profits	9142	70.796.714
Other deferred taxes representing assets
Investments deductions		14.611.379
Taxable provisions and hidden reserves		88.395.277
Reported excess RDT		44.709.427
R&D tax credit		894.149
Deferred taxes representing liabilities	9144	150.153.867
Allocation of deferred taxes representing liabilities
Taxfree reserves		150.153.867

	Codes	Period	Previous Period
THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES
The total amount of value added tax charged
To the enterprise (deductible)	9145	350.643.652	301.316.177
By the enterprise	9146	344.045.253	292.109.018
Amounts retained on behalf of third parties for
Payroll withholding taxes	9147	38.735.132	32.251.550
Withholding taxes on investment income	9148	12.679.259	14.711.575

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Code	Period
PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149	150.000.000
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153	150.000.000
REAL GUARANTEES
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise
Mortgages
Book value of the immovable proporties mortgaged	9161
Amount of registration	9171
Pledging on goodwill - amount of registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties
Mortgages
Book value of the immovable proporties mortgaged	9162
Amount of registration	9172
Pledging on goodwill - amount of registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213	112.992.199
Goods sold (to be delivered)	9214	447.561.685
Currencies purchased (to be received)	9215	515.433.718
Currencies sold (to be delivered)	9216	407.380.016

INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE

Lease-out metals 136.513.457 Metals owned by parties for tolling 376.581.300 Lease-in metals 195.140.864 Bankgarantees 36.766.748

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES

	Code	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting for the enterprise from past services	9220

Methods of estimation

......................... .. NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS

Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too:

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	3.315.992.063	3.307.791.463
Investments	(280)	3.315.992.063	3.307.791.463
Amounts receivable subordinated	9271
Other amounts receivable	9281
Amounts receivable	9291	356.302.319	366.659.760
After one year	9301	363.483	752.146
Within one year	9311	355.938.836	365.907.614
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	2.905.139.609	2.816.221.804
After one year	9361	1.528.000.000	1.868.000.000
Within one year	9371	1.377.139.609	948.221.804
Personal and real guarantees
Provided or irrevocably promised by the enterprise, as security for debts or
commitments of affiliated enterprises	9381	150.000.000	150.000.000
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other substancial financial commitments	9401
Financial results
Income from financial fixed assets	9421	111.242.557	25.095.253
Income from current assets	9431	2.003.238	678.610
Other financial income	9441
Debts charges	9461	95.470.785	62.116.898
Other financial charges	9471
Gains and losses on disposal of fixed assets
Obtained capital gains	9481		197.871.820
Obtained capital losses	9491		205.278
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	(282/3)	410.365	130.365
Investments	(282)	410.365	130.365
Amounts receivable subordinated	9272
Other amounts receivable	9282
Amounts receivable	9292
After one year	9302
Within one year	9312
Amounts payable	9352
After one year	9362
Within one year	9372

RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS

TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS

Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company:

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH
Amounts receivable from these persons	9500
Conditions on amounts receivable
Guarantees provided in their favour	9501
Guarantees provided in their favour - Main condition
Other significant commitments undertaken in their favour	9502
Other significant commitments undertaken in their favour - Main condition
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	495.000
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	205.251
Tax consultancy	95062
Other missions external to the audit	95063	43.888
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082	7.250
Other missions external to the audit	95083	14.650

Mention related to article 133 paragraph 6 from the Companies Code

FAIR VALUE OF FINANCIAL DERIVATIVES NOT MEASURED AT FAIR VALUE WITH INDICATION ABOUT THE NATURE AND THE VOLUME OF THE INSTRUMENTS

a loss on metal commitments of -6.724.380

a loss on currency commitments of -439.401

Period

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION THAT MUST BE PROVIDED BY EACH COMPANY, THAT IS SUBJECT OF COMPANY LAW ON THE CONSOLIDATED ANNUAL ACCOUNTS OF ENTERPRISES

The enterprise has drawn up publiced a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of the limits mentioned in art. 16 of Company Law*

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts, in which her yearly statement of accounts is included*

If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law:

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company preparing and publishing the consolidated accounts required:

INFORMATION TO DISCLOSE BY THE REPORTING ENTERPRISE BEING A SUBSIDIARY OR A JOINT SUBSIDIARY

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published.

SOCIAL REPORT

Numbers of joint industrial committees which are competent for the enterprise:

STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES RECORDED IN THE STAFF REGISTER

During the period and the previous period Codes		1. Full-time	2. Part-time	3. Total (T) or total of full-time equivalents (FTE)	3P.Total (T) or total of full-time equivalents (FTE)
		(period)	(period)	(period)	(previous period)
Average number of employees	100	2.693,8	291,2	2.909,3 (FTE)	2.791,5 (FTE)
Number of hours actually worked	101	4.642.913	350.493	4.993.406 (T)	4.727.249 (T)
Personnel costs	102	219.370.142	15.612.489	234.982.632 (T)	221.779.887 (T)
Advantages in addition to wages	103	xxxxxxxxxxxxxxx xxxxxxx	xxxxxxxxxxxxxxx xxxxxxx	(T)	(T)

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees recorded in the personnel register	105	2.757	301	2.980,3
By nature of the employment contract
Contract for an indefinite period	110	2.661	290	2.878,5
Contract for a definite period	111	93	11	98,8
Contract for the execution of a specifically assigned work	112
Replacement contract	113	3		3,0
According to the gender and by level of education Male	120	2.446	176	2.576,8
primary education 1200		651	74	706,4
secondary education	1201	1.130	75	1.185,0
higher education (non-university)	1202	323	21	338,1
university education	1203	342	6	347,3
Female	121	311	125	403,5
primary education	1210	12	9	17,9
secondary education	1211	59	25	77,6
higher education (non-university)	1212	136	76	192,7
university education	1213	104	15	115,3
By professional category
Management staff	130	66		66,0
Employees	134	1.193	181	1.327,4
Workers	132	1.498	120	1.586,9
Other	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Temporary personnel	2. Persons placed at the disposal of the enterprise
Average number of employees	150	46,8
Number of hours actually worked	151	92.564
Charges of the enterprise	152	2.864.281

TABLE OF PERSONNEL CHANGES DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees recorded on the personnel register during the financial year	205	302	12	310,7
By nature of the employment contract
Contract for an indefinite period	210	240	7	245,9
Contract for a definite period	211	62	5	64,8
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees with a in the staff register listed date of termination of the contract during the period	305	150	19	162,2
By nature of the employment contract
Contract for an indefinite period	310	124	15	133,0
Contract for a definite period	311	26	4	29,2
Contract for the execution of a specifically assigned work	312
Replacement contract	313
According to the reason for termination of the employment contract
Retirement	340	12	1	12,5
Early retirement	341	29	8	34,5
Dismissal	342	30	2	31,3
Other reason	343	79	8	83,9
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD

Total number of official advanced professional training projects at company expense	Codes	Male	Codes	Female
Number of participating employees	5801	2.748	5811	453
Number of training hours	5802	62.223	5812	8.666
Costs for the company	5803	4.092.080	5813	671.912
of which gross costs directly linked to the training	58031	4.117.584	58131	657.974
of which paid contributions and deposits in collective funds	58032	290.038	58132	46.518
of which received subsidies (to be deducted)	58033	315.542	58133	32.580
Total number of less official and unofficial advance professional training projects at company expense
Number of participating employees	5821	1.232	5831	267
Number of training hours	5822	81.610	5832	6.569
Costs for the company	5823	4.300.214	5833	427.635
Total number of initial professional training projects at company expense
Number of participating employees	5841	11	5851
Number of training hours	5842	7.297	5852
Costs for the company	5843	273.754	5853