Amg Advanced Metallurgical Group N.V. announced that the proposed class action which commenced in the Ontario, Canada Superior Court on June 11, 2009 by Robert Gowan against AMG, its 44.5% owned affiliate, Timminco Limited, certain of AMG's and Timminco's directors and officers, has been stayed by court order and will not proceed against AMG. While AMG cannot preclude that it may be named as defendant in further actions concerning this matter, the court order staying the claims filed by Robert Gowan has not been appealed and is therefore final. Timminco and others also have been named as defendants in a proposed class action, similar to the one filed by Robert Gowan, commenced in the same court on May 14, 2009 by Ravinder Kumar Sharma. That action is ongoing.

Timminco Limited announced that the second proposed class action commenced in the Ontario Superior Court on June 11, 2009 by Robert Gowan against Timminco and others has been stayed, or stopped, by order of the court. The court has also ordered that no other actions may be commenced in respect of Timminco securities purchased during the class period proposed in the first proposed class action commenced on May 14, 2009 against Timminco and others. That first action, commenced by Ravinder Kumar Sharma, is on-going. Timminco intends to vigorously defend the plaintiffs' attempts to get court approval to proceed with this lawsuit.

Timminco Limited, Q3 2009 Earnings Call, Nov 10 2009