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CONFIDENTIALGrowth-Oriented Capital ProgrammeCapex Programmes Focused on Attractive Growth OpportunitiesProduct Amount Purpose TimingFerrovanadium $30m First phase of expansion to enable doubling of capacity in line with major supplier'sCanadian oil sands expansion2007–2009Silicon (1) $22m Expansion of Timminco's high purity silicon metal facility 2007–2008Specialty alloys fortitanium and superalloys$5m New furnace for production expansion 2008Own & Operate $15m New facility in Mexico 2007–2008Tantalum $7m Expansion of tantalite mine and hydro-electric powerplant in Brazil 2007–2008Plasma coatings $4m Expansion into new coating products 2008Maintenancecapex$8–$10m Maintenance of facilities and equipment Annual basis(1) Excludes further expansion projected in context with Timminco’s equity offering on 30 September 200722 AMG ADVANCED METALLURGICAL GROUP N.V.