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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Shares Held by Members of the Management Board As of December 31, 2010, Dr. Schimmelbusch and Dr. Walter directly held, respectively, 258,397 and 6,000 of AMG’s shares. No other member of the Management Board holds any AMG shares as of that date. Appreciation for the Management Board and the Employees of AMG The Supervisory Board would like to thank the Management Board for its extraordinary efforts in leading the Company out of what has been one of the most difficult economic environments of the past 50 years. The economic and financial circumstances which adversely impacted the Company over the last two years appear to have changed for the better although uncertainty will continue to cloud the outlook of the Company going forward into 2011. The Management Board did an excellent job of keeping the Company focused on its operations despite the challenging economic and financial environment. The Supervisory Board would also like to thank all the employees of AMG Group for their daily commitment to AMG. 48 Report of the Supervisory Board Annual Report 2010 The Annual Report and the 2010 Annual Accounts, audited by Ernst & young Accountants LLP, have been presented to the Supervisory Board. The 2010 Annual Accounts and the report of the external auditor with respect to the audit of the annual accounts were discussed with the Audit Committee in the presence of the Management Board and the external auditor. The Supervisory Board endorses the Annual Report and recommends that the General Meeting of Shareholders adopts the 2010 Annual Accounts. Supervisory Board AMG Advanced Metallurgical Group N.V. Pedro Pablo Kuczynski, Chairman Wesley Clark Martin Hoyos Jack Messman, Vice Chairman Norbert Quinkert Guy de Selliers March 31, 2011
Sustainable Development AMG FACILITIES 1 2010 2009 Advanced Materials AMG Vanadium, Ohio y y SICA, Chauny y y PCDL, Lucette y y GfE, Nürnberg y y LSM UK, Rotherham y y LSM Brazil, Sao Joao del Rei y y Alpoco, Minworth y y Alpoco, Anglesey y y GfE Fremat, Freiburg y y CIF Mining, Nazareno Engineering Systems y y ALD Hanau y y ALD Berlin y y ALD Limbach y y ALD Port Huron, MI y y ALD Ramos Arizpe y y ALD Japan y N ALD UK y N ALD USA y N ALD Singapore y N ALD FNAG Corporate Offices y N Wayne, PA y y Amsterdam y y 1 The chart indicates which facilities were included in the scope of the sustainable development data. This section provides an evaluation of AMG’s social and environmental performance for 2010 compared to 2009. AMG utilizes the Global Reporting Initiative (GRI) G3 aspects, taken from its Mining and Metals Sector Supplement, which are most material to AMG’s manufacturing operations. The GRI is a network-based organization that publishes the world’s leading sustainability reporting framework. The total number of sites reporting in 2010 is 22 and includes mining, manufacturing and office locations. Some smaller sales and service office locations are included for the first time this year. The Engineering Systems Division closed its operations in Columbia, South Carolina during the year and this site has therefore not been included. The facilities included in the report are detailed in the Table below. All sites report their performance at the end of the fourth quarter and no forecast data are used. Of most significance, AMG has further expanded its sustainability data collection process to move from the C+ to B+ GRI reporting level this year. AMG utilizes a standard environmental reporting template on which all sites report their data in order to ensure consistency in the interpretation of definitions of the key indicators. This approach is supported by training and by consistent auditing by AMG’s third party check partner, Conestoga-Rovers & Associates. AMG’s publicly traded subsidiary, Graphit Kropfmühl, also collects sustainable development data for its six business units, as does Timminco for its Bécancour, Canada facility but these are not currently included in this report. Timminco includes a Sustainable Development section within its Annual Report to shareholders. The environmental key performance data for the Advanced Materials and Engineering Systems Divisions are summarized in the table on page 56. Sustainable Development 49
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 and 38: Senior Leverage covenant to 3.00x.
Page 39 and 40: Management Board Statement of Respo
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: adjustment is not needed. The Super
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
Page 91 and 92: The carrying amount of deferred tax
Page 93 and 94: 4. Segment reporting For management
Page 95 and 96: Year ended December 31, 2009 Revenu
Page 97 and 98: 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
Page 107 and 108:
(3) ALD’s value in use was determ
Page 109 and 110:
For the entities which are joint ve
Page 111 and 112:
19. Restricted cash Restricted cash
Page 113 and 114:
number of shares is then compared w
Page 115 and 116:
subsidiaries with respect to the re
Page 117 and 118:
Assumptions regarding future mortal
Page 119 and 120:
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
Page 133 and 134:
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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