The CRONIMET GroupTechnologies & Solutions for global metal marketsMaciej Lipiński, PhD., CEO Cronimet PL Sp. z o.o.

AGENDA

| CRONIMET GROUP2

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CRONIMET GROUP

FACTS & FIGURES

BUSINESS UNITS CRONIMET HOLDING GROUP

BUSINESS UNITS CRONIMET MINING GROUP

SOCIAL RESPONSIBILITY

| CRONIMET GROUP3

„Our family foundationis based on reliability and cooperation.

On this fundament we do business as company and combine tradition

with openess.“ Günter Pilarsky – company founder

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

Expansion of the Business Unit Specialties

Entry into theAsian Market

Foundation in Karlsruhe

CRONIMETFerrolegierungen GmbH

Foundation of CRONIMETMining GmbH

Cooperation with Armenia

Pure Iron

´04 ´05

Foundation of CRONIMET Shanghai

CRONIMET Mining acquires majority stakes of ZCMC, Armenia

´09 1980 1996 ´11 ´13

Entering new business field Processing Industrial Sludges

Expansion in Asia

Successful AFRA Audit of new Business FieldEngine Destruction

CRONIMETcurrently operates

62 LOCATIONS WORLDWIDE

Expansion in the U.S. Marketwith 3 locations

´15

Representative OfficeShanghai

CRONIMET Brasil Ltda

´08

Acquisition of Metalloy Metalle Legierungen GmbH

CRONIMET Mining founds CRONIMET Chrome South-Africa

CRONIMET Singapore

Pte. Ltd.

´161995

Entry into theAfrican Market

CRONIMET RSA (PTY)

´10

CRONIMET Mining GmbH becomes CRONIMET Mining AG

DESTIMETGreen Services GmbH

CRONIMET GROUPOUR SUCCESS STORY

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1999

Entry into theU.S. Market

CRONIMET Cooporation

Entry into the Brasilian Market

1997

CRONIMET GROUP

| CRONIMET GROUP5

89 branches, subsidiaries & representations at 62 locations on 4 continents withover 5400 employees worldwide.

Trade&

SalesRecycling

CRONIMET Holding GmbH CRONIMET Mining AG

ServiceSProduction

CRONIMET worldwide

| CRONIMET GROUP6

62 LOCATIONS ON 4 CONTINENTS

NORTH-AMERICA

SOUTH-AMERICA

AFRICA

EUROPE

ASIA

AGENDA

| CRONIMET GROUP7

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FACTS & FIGURES

BUSINESS UNITS CRONIMET HOLDING GROUP

BUSINESS UNITS CRONIMET MINING GROUP

SOCIAL RESPONSIBILITY

„Due to the global presenceof the CRONIMET Group we are worldwide leading specialist

for stainless steel scrap.“Bernhard Kunsmann - Management CRONIMET Holding GmbH

| CRONIMET GROUP8

Facts & Figures

0,8 Mio.

0,9 Mio.

1,0 Mio.

1,1 Mio.

1,2 Mio.

1,3 Mio.

1,4 Mio.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

ANNUAL SALES IN TONS OF CRONIMET HOLDING GMBH

| CRONIMET GROUP9

1.295.175

k

100 k

200 k

300 k

400 k

500 k

600 k

700 k

800 k

900 k

2013 2014 2015

EUROPE

America

Asia

Facts & FiguresSCRAP HANDLING OF CRONIMET HOLDING GMBH PER YEAR IN TONS

| CRONIMET GROUP10

Facts & Figures

0,0 Mio

0,5 Mio

1,0 Mio

1,5 Mio

2,0 Mio

2,5 Mio

3,0 Mio

3,5 Mio

Europe America Asia Europe America Asia Europe America Asia

23

%

30

%

1%

23

%

25

%

34

%

1%

2%

28

%

Scrap availability in tons

CRONIMET Holding GmbH tonnage

2013 2014 2015

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Sou

rce:

He

inz

H. P

aris

erA

lloy

Me

tals

& S

tee

l Mar

ket

Res

earc

h

SCRAP AVAILABILITY / MARKET SHARE

| CRONIMET GRUPPE12

Qu

elle

: He

inz

H. P

aris

erA

lloy

Me

tals

& S

tee

l Mar

ket

Res

earc

h

Facts & FiguresSCRAP AVAILABILITY / FORECAST

18,7 %

37,3 %

44,0 %

18,3 %

36,9 %

44,8 %

18,1 %

36,2 %

45,7 %

0 BN.

2 BN.

4 BN.

6 BN.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Facts & FiguresANNUAL SALES IN USD

CRONIMET Mining AG

CRONIMET Holding GmbH

| CRONIMET GROUP13

345.640.000

2.098.988.231

0 Tsd.

1 Tsd.

2 Tsd.

3 Tsd.

4 Tsd.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Facts & FiguresEMPLOYEES

CRONIMET Mining AG

CRONIMET Holding GmbH

| CRONIMET GROUP14

3850

1769

AGENDA

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FACTS & FIGURES

BUSINESS UNITS CRONIMET HOLDING GROUP

BUSINESS UNITS CRONIMET MINING GROUP

SOCIAL RESPONSIBILITY

| CRONIMET GROUP16

„I am convinced that nowadays the only lasting competitive advantage are our staff –their creativity, passion and power of judgement.“

Jürgen Pilarsky – Managing Director and shareholder of CRONIMET Holding GmbH

CRONIMET HOLDING Business Units

RecyclingStainless Steel

Super- & Special Alloys

High Speed- & Tool Steel

Titanium

Carbides

Engine Destruction

Processing Industrial Sludges

Trade & SalesTrade

with Primary- & Secondary Raw Material

Services Analytics

Documentated Mutilation of SerializedAircraft Components

Wage LabourPressing, Crushing, Briquetting

Integrated Steel Mill-Services

Storage- & Transport Logistics

Production Ferro-Molybdenum

Molybdenum-Metal

Ferro-Titanium

Metal Powder forPowder Metallurgy

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OUR RECYCLING-CYCLE

Primary rawmaterials

SCRAPRECYCLING

CRONIMET

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Ingots,Coilsmetal sheets

etc.

Production

End product

Consumer

Recovered scarp

Trader

Recovered scarp

CRONIMET GROUP Recycling

MATERIALSPECTRUMCRONIMET HOLDING Recycling

CrMoVH11 / 1.2343 Solids and TurningsH13 / 1.2344 Solids and TurningsH10 / 1.2365 Solids and Turnings1.2367 Solids and TurningsD2 / 1.2379 Solids and TurningsOther Cr/Mo/V qualities

HSS / CrMoV

HSSDMo5 / M2 / 1.3343 Solids and TurningsEMo5Co5 / M35 / 1.3243 Solids and TurningsM42 / 1.3247 Solids and TurningsB18 / T1 / 1.3355 SolidsOther Cr/Mo/W/V/Co qualities

| CRONIMET GROUP19

STAINLESS

Stainless Steel ScrapCr/Ni/Mo Solids and TurningsCr/Ni/Mo Remelted IngotsCr/Ni/Mo RunningsCu containing Cr/Ni/Mo qualitiesOther Cr/Ni/Mo qualities

TUNGSTEN CARBIDE

Tungsten Carbide Scrap (WC)InsertsDrills, saws and cuttersWire dies / Die toolsMining tools ( e.g. Mining bits)Soft Scrap / Powders

Tungsten AlloysDensalloyHeavymetMalloryAnviloy

| CRONIMET GROUP20

TITANIUM

Titanium CPRefinery grade (Basis 98% Ti)Turnings (Basis 98% Ti)CP (vacuum grade) lightCP (vacuum grade) heavy

Alloyed TitaniumRefinery grade (Basis 88% Ti)90/60/4 (Grade 5) Feedstock90/60/4 (Grade 5) Bulk Weldable6/7 FeedstockTurnings (Basis 88% Ti)

FeTi

SUPER & SPECIAL ALLOYS

Ni based AlloysAlloy 718Alloy 625Alloy 617Alloy 713Alloy C4Alloy C276Alloy C263Alloy XWaspalloyRene 41Co based AlloysAlloy 25Alloy 188Alloy F75NiCo AlloysMaragingKovarNiCo refinery scrapCuNi AlloysMonelGerman SilverNiCu refinery scrapOther NiCu scrap

NEW METALS & PURE METAL SCRAP

New Metals & Pure Metal ScrapNickelChromiumMolybdenumTitaniumTungstenNiobiumTantalumZirconiumCobaltRheniumVanadiumManganese

FERRO ALLOYS

Ferro AlloysFerronickelFerrochromeFerromolybdenumFerrotitaniumFerrotungstenFerroniobiumFerrovanadiumFerrozirconiumFerroboron

MATERIALSPECTRUMCRONIMET HOLDING Recycling

CRONIMET ENVIROTEC GMBH / RECOVERY OF RESOURCES FROM WASTE SLUDGES

100% TECHNOLOGY The only plant in Germany,own patented technology

21 EMPLOYEESContinuous production in BitterfeldOffices in Bitterfeld and Leipzig

APPLICATIONTreatment of sludgefrom the Metal- & Oil Industry

20.000 t CAPACITY

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CRONIMET HOLDING Recycling

CRONIMET HOLDING Trade & Sales

| CRONIMET GROUP22

System Provider of Primary- & Secondary Raw Material

Comprehensive Material Know-How

High Quality Awareness

Global Network

Reliable Partner

Decade-Long Experience

Certified WasteManagement Companyaccording §§ 56 & 57

KrWG

CRONIMET HOLDING Services

| CRONIMET GROUP23

ANALYTICS

DOCUMENTATED MUTILATIONof serialized aircraft components

WAGE LABOURPressing I Crushing I Briquetting

STORAGE & TRANSPORT LOGISTICS

| CRONIMET GROUP24

CRONIMET HOLDING ServicesDOCUMENTATED MUTILATION OF SERIALIZED AIRCRAFT COMPONENTS

COLLECTION (OEM){e.g. MRO}

DESTRUCTION / ANALYSINGNEW APPLICATION

BENEFICIATION &RECYCLING

| CRONIMET GROUP25

CRONIMET HOLDING ProductionPLANT OF PURE IRON AG, ARMENIA

STARTING PRODUCTMolybdenum Concentrate

EMPLOYEES570

METALLURGICAL PROCESSING1.Roasting of Molybdenum-Concentrate in a multiple hearth furnace2. Silico-Aluminothermic production process into Ferro-Molybdenum

PRODUCTION / YEAR5500-7500 t Ferro-Molybdenum

| CRONIMET GROUP26

PRODUCTFerro-Titanium

SUPPLIERfor the stainless steel industry

REMELT OF SCRAPin an induction furnace into ferro-titanium

CAPACITY2500 tons / annual

CRONIMET HOLDING ProductionCF Ferroleg. GmbH

AGENDA

| CRONIMET GROUP27

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FACTS & FIGURES

BUSINESS UNITS CRONIMET HOLDING GROUP

BUSINESS UNITS CRONIMET MINING GROUP

SOCIAL RESPONSIBILITY

BUSINESS UNITS

| CRONIMET GROUP28

BUSINESS UNITS

28

CRONIMET MINING GRUPPEBUSINESS UNITS

Integrated & Innovative Power Solutions

Energy Efficiency

Renewable Energy

Operations

Development

Prospection, Exploration & Sourcing

Metal Recovery

Ferro Alloy Slag Recycling

Steel Slag Recycling

Quality & Traceability

Trading

Services

CRONIMET MINING GROUP Product Portfolio

| CRONIMET GROUP29

PRIMARY RAW MATERIALS

MINING

PROCESSING

TRADING

MoMolybdenum

42

Molybdenum metal Copper concentrate Chromium concentrate

Ferro - molybdenum

Cr24

Mo42

Nb41

W74

Ta73

Sn50

Cu29

Ferro - chromium Ferro - molybdenum Ferro - niobium Ferro - tungsten Ferro - nickel

FERRO - ALLOYSPURE METALS & DERIVATIVES

CrChromium

24

CuCopper

29

AGENDA

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FACTS & FIGURES

BUSINESS UNITS CRONIMET HOLDING GROUP

BUSINESS UNITS CRONIMET MINING GROUP

SOCIAL RESPONSIBILITY

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„The CRONIMET corporate values

are the basis of our everyday business.“

Oliver Kleinhempel - Management CRONIMET Holding GmbH

CRONIMET ResponsibilitySUSTAINABILITY OF THE CRONIMET GROUP

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SOCIAL Responsibility

ECOLOGICAL Responsibility

Pilarsky Foundation www.Pilarsky-stiftung.com Charity Foundation Armenia www.cronimet-mining.am/en/cronimet- charity-foundation/cronimet-charity-foundation-mission Projects for Refugee Support Recycling Project South Africa

Business field “Recycling” = Sustainability pure. Return from waste into the economy Group-wide certified quality management system according to DIN EN ISO 9001 and partially

environmental management system according to DIN EN ISO 14001 All German subsidiaries with warehouse operation are certified “Waste Management Facilities”

according to regulation EfBV as well as official waste disposal companies according to Federal Immission Control Act and Law of Life Cycle Management.

Europe-wide some CRONIMET subsidiaries are approved for deliveries according to regulation (EU) no. 333/2011 end of waste for iron and steel scrap

Regular monitoring of energy consumption and resources

Code of Conduct Compliance Risk Management

ECONOMICAL Responsibility

| CRONIMET GROUP33

Corporate Values of the CRONIMET GROUP

Imprint

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Contact

CRONIMET Holding GmbHPublic RelationsSüdbeckenstr. 2276189 Karlsruhe

Fon+49 (0) 721 95225-255

E-Mailpublic-relations@cronimet.de

All information is valid as ofAugust 2016

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