Luxembourg, 27 January 2022 – Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, achieved its best result in the company’s history in the fiscal year 2021. Although significant supply-chain disruptions, ongoing COVID-19 restrictions and price volatility provided a challenging environment, the company again proved the suitability of its risk averse business model.

In the 12 months to 31 December 2021, Metalcorp achieved preliminary revenues of EUR 611.1 million (previous year: EUR 402.6 million) and a preliminary EBITDA of EUR 56.9 million (previous year: EUR 32.4 million). The preliminary EBIT amounted to EUR 47.9 million (previous year: EUR 27.5 million). The preliminary consolidated balance sheet total was EUR 757 million (previous year: EUR 535 million), while the preliminary consolidated equity rose from EUR 159.7 million to EUR 219.7 million, which corresponds to a preliminary consolidated equity ratio of 29.0% (previous year: 29.9%).

In 2021, our business units operated successfully. The aluminium division was operating in both plants at high capacity levels, and 1.7 million tons of bauxite were sold to Chinese clients. In the metals and minerals division, the copper and zinc business performed well, with platinum group metals significantly above expectations. In the ferrous division, Automotive was strong, while pipes and tubes as well as raw materials outperformed budget.

For 2022, higher revenue and earnings volumes are expected based on additional supply agreements and further upscaling of the bauxite production in Guinea.

The audited consolidated financial statements 2021 are expected to be published on the company’s website at www.metalcorpgroup.com in April 2022.

About Metalcorp Group S.A.:

Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining and processing of such products. The company’s divisions are aluminium, metals and concentrates, bulk and ferrous. Metalcorp Group carries out a risk averse back-to-back business model underpinned by a significant asset base. The 2021/2026 bond (ISIN: DE000A3KRAP3) and the 2017/2022 bond (ISIN: DE000A19MDV0) are traded on the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.

For further information:

Better Orange IR & HV AG

Frank Ostermair, Linh Chung

+49 89 8896906-25

metalcorp@better-orange.de

Metalcorp Group S.A.

Anouar Belli

+352 2799 0145 55

abelli@metalcorpgroup.com