C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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2018 deadlines. See note 35 to the Consolidated Financial Statements for information regarding legal matters affecting the Company. AMG has continuing obligations to comply with government regulations and practices concerning corporate organization and corporate governance. For example, in addressing possible conflicts of interest affecting its Management or Supervisory Board members, AMG follows strict rules of procedure. These procedures are described in the Company’s Articles of Association and the rules of procedure of the Management Board and Supervisory Board, respectively. Also, since AMG’s product mix is increasingly dependent on scarce natural resources, governmental policies may restrict AMG’s access to key materials in certain regions or countries. Compliance with both legal and regulatory matters is monitored and augmented by the Company’s General Counsel who makes use of the services of several prominent local and global law firms. Information Technology Risk AMG is dependent on effective and reliable IT systems that are not currently fully integrated among all business units. Failure of IT systems or major loss of key data could substantially impair AMG’s financial condition and results of operations. Therefore, AMG devises and implements procedures to protect data, applications, systems, networks and physical resources. Both internal and external analyses of weaknesses, risks and threats are executed and audited to ensure that IT security measures are implemented efficiently. Special attention has been paid to logical access, change management and business continuity. Furthermore, guidance has been strengthened by distributing additional policies and procedures throughout the Company. This ongoing process should ensure that amendments and improvements (such as continued migration toward an integrated worldwide IT system) are constantly made to the IT systems. 36 Report of the Management Board | Risk Management and Internal Controls Risk Monitoring and Procedures AMG has a strategic risk function that monitors and establishes internal controls to mitigate business and financial risks. AMG’s strategic risk function is complemented by its internal audit function. As a relatively young public company, the controls and procedures in place at AMG are in a continuing state of development and may not be as sophisticated as at other public companies with much longer operating histories. Through the risk reporting system, the Risk Manager works with business unit managers to develop risk mitigation strategies, where applicable. The purpose of the risk reporting and monitoring system is to manage rather than eliminate the risk of failure to achieve business objectives, and provides only reasonable, not absolute, assurance against material misstatement or loss. Statement on Internal Control Pursuant to the Dutch Corporate Governance Code Risks related to financial reporting include timeliness, accuracy and implementation of appropriate internal controls to avoid material misstatements. During 2010, the Management Board conducted an evaluation of the structure and operation of the internal risk management and control systems. The Management Board discussed the outcome of such assessment with the Supervisory Board (in accordance with best practice provision III.I.8). AMG’s Management Board believes internal risk management and control systems in place provide a reasonable level of assurance that AMG’s financial reporting does not include material misstatements. In relation to AMG’s financial reporting, these systems operated effectively during 2010.
Management Board Statement of Responsibilities The Management Board hereby declares that, to the best of its knowledge, the consolidated financial statements prepared in accordance with IFRS and Part 9, Book 2, Article 362.8 of the Netherlands Civil Code provide a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation taken as a whole, and that the management report includes a fair review of the development and performance of the business of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal opportunities and risks associated with the expected development of the Company. Management Board AMG Advanced Metallurgical Group N.V. Heinz Schimmelbusch William Levy Eric Jackson Reinhard Walter March 31, 2011 Report of the Management Board | Statement of Responsibilities 37
Page 1 and 2: Li 6.9 LITHIUM Sc 45.0 Ti 47.9 Sr Z
Page 3 and 4: Silicon Metal—used for solar ener
Page 5 and 6: ADVANCED MATERIALS AMG produces hig
Page 7 and 8: It is a strategic objective of AMG
Page 9 and 10: We continue to focus on products an
Page 11 and 12: Supply Risk Critical Raw Materials
Page 13 and 14: carbon steel electronics superalloy
Page 15 and 16: Silicon Metal—used in the product
Page 17 and 18: N Nickel & Molybdenum- used in high
Page 19 and 20: Chromium —alloy used to produce s
Page 21 and 22: Sb Antimony—added to plastics as
Page 23 and 24: Dr. Schimmelbusch was appointed Chi
Page 25 and 26: The Advanced Materials Division’s
Page 27 and 28: Outlook Regional Breakdown Antimony
Page 29 and 30: Although the market environment for
Page 31 and 32: value proposition to ESD’s market
Page 33 and 34: Graphit Kropfmühl Graphit Kropfmü
Page 35 and 36: Risk Management and Internal Contro
Page 37: Senior Leverage covenant to 3.00x.
Page 41 and 42: Male/US and Peru Date of birth: Oct
Page 43 and 44: Supervisory Board discussed the ris
Page 45 and 46: The Selection and Appointment Commi
Page 47 and 48: AMG OPTION PLAN (ALL CURRENCy AMOUN
Page 49 and 50: adjustment is not needed. The Super
Page 51 and 52: Sustainable Development AMG FACILIT
Page 53 and 54: association or collective bargainin
Page 55 and 56: Greenhouse Gas Emissions (thousands
Page 57 and 58: Global Reporting Initiative AMG sup
Page 59 and 60: Corporate Governance General AMG Ad
Page 61 and 62: the Management Board has a conflict
Page 63 and 64: Other than the above-mentioned agre
Page 65 and 66: Financial Review Year ended Decembe
Page 67 and 68: In thousands of US Dollars Period e
Page 69 and 70: Financial Statements Financial Stat
Page 71 and 72: Consolidated Statement of Comprehen
Page 73 and 74: Consolidated Statement of Changes i
Page 75 and 76: Notes to the Consolidated Financial
Page 77 and 78: Percentage held (directly or indire
Page 79 and 80: Measurement of the recoverable amou
Page 81 and 82: All financial information is presen
Page 83 and 84: (d) Derecognition of financial asse
Page 85 and 86: (ii) Intangible assets The fair val
Page 87 and 88: joint venture is impaired. If this
Page 89 and 90:
the subsidiaries have a 100% intere
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The carrying amount of deferred tax
Page 93 and 94:
4. Segment reporting For management
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Year ended December 31, 2009 Revenu
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Acquisition of mine in Turkey On Au
Page 99 and 100:
10. Finance income and expense 2010
Page 101 and 102:
Deferred tax assets and liabilities
Page 103 and 104:
13. Property, plant and equipment C
Page 105 and 106:
14. Intangible assets Cost Goodwill
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(3) ALD’s value in use was determ
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For the entities which are joint ve
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19. Restricted cash Restricted cash
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number of shares is then compared w
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subsidiaries with respect to the re
Page 117 and 118:
Assumptions regarding future mortal
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Movement in fair value of plan asse
Page 121 and 122:
At December 31, 2009, the number of
Page 123 and 124:
as responsible for the clean-up ass
Page 125 and 126:
29. Other liabilities Other liabili
Page 127 and 128:
Interest on financial instruments c
Page 129 and 130:
Change in price Effect on profit be
Page 131 and 132:
Fair value hierarchy The Company us
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The open foreign exchange forward s
Page 135 and 136:
34. Capital commitments The Company
Page 137 and 138:
The compensation of the management
Page 139 and 140:
Loans and Receivables On December 1
Page 141 and 142:
AMG Advanced Metallurgical Group, N
Page 143 and 144:
3. Intangible assets Intangible ass
Page 145 and 146:
7. Receivables from associates and
Page 147 and 148:
The following is the calculation of
Page 149 and 150:
Other Information Article 25 and 26
Page 151 and 152:
Shareholder Information Supervisory
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C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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