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Umicore Precious Excellence in

June 2009 Exploring A history of transformation

1800 1850 1900 1950 2000

1853 Asturienne des Mines 1985 1805 Vieille-Montagne 1989 2005

1928 Compagnie des Metaux d’Overpelt 1970 1908 Société Générale Métallurgique de Hoboken 1887 Usine de Désargentation (Degussa) 1985 1919 Société Générale des Minerais 1959 Mechim 1989 2001 1906 Union Minière du Haut-Katanga

Union Minière 1981

1904 ACEC 1989 UM 1919 SIBEKA 1990

MDK Kombinat Pirdop 2007 Sogem 1873 Degussa (EM) DMC2 PMG 2003 3 * Smaller acquisitions not mentioned in this overview Today, our company is…

ƒ one of the world’s biggest suppliers of automotive catalysts for passenger cars.

ƒ a world leader in the production of key materials for rechargeable batteries used in laptops and mobile phones.

ƒ a producer of high efficiency -based solar cells are used in the bulk of the satellites launched today.

ƒ the world’s largest recycler of precious metals from old mobile phones, laptops, electronic or spent catalyst material.

4 A world leader in specialty materials

Metal related materials can be efficiently and infinitely recycled, which makes them the basis for sustainable products and services.

Umicore’s expertise in materials science, chemistry and can make a real difference, be it in products that are essential to everyday life or those at the cutting edge of new technological developments

5 A decentralised, customer-focused organisation

Additional 6 info Umicore has industrial activities on all continents & serves an international customer base

11 Committed to sustainable development

In June 2005 Umicore was ranked 2007 2008 in mio € in mio € in the world’s top-50 companies for combined financial & corporate

Turnover 8,309.9 9,168.6 social responsibility performance. Revenues 1,910.0 2,123.6 Umicore ranked 8th in terms of EBIT 359.1 355.3 corporate social responsibilities. EBITDA 528.8 488.8

Net Consolidated Profit 653.1 121.7 Capital Employed 1,878.0 1,897.8 Workforce 14,844 15,447

Umicore recognizes that its commitment to financial success must also take into account the broader economic, environmental & social impact of its operations.

12 Exploring Umicore Precious Metals Refining UPMR worldwide Hoboken (B) Alzenau (D) Hoboken (B) ƒ Umicore Autocatalyst Recycling NV • Umicore Autocatalyst • headquarters UPMR ƒ collecting & decanning Recycling GmbH • headquarters IS and P&T ƒ 3 employees • collecting, decanning & • 1240 employees sampling • 4 employees

Maxton (USA) Hanau (D) • Umicore Autocatalyst Recycling USA • commercial activities, • Collecting, decanning sampling & refining & sampling • 58 employees • 2 employees

Guarulhos (BR)

• commercial activities, sampling & assaying, refining Shanghai (CN) • 88 employees • commercial activities • UPMR is represented by UMS (BD-team) • 2 employees Guarulhos (BR) Paris (F)

• collecting, decanning • Cycleon SAS and sampling • collecting autocatalysts • 3 employees UPMR worldwide

Hoboken (B) Hanau (D) Guarulhos (BR)

ƒ UPMR’s largest industrial ƒ a sampling & sales ƒ & gold refining activities are located at department activities near Sao Paulo Hoboken, near ƒ particularly the ƒ sampling & assaying ƒ around 1,240 people active autocatalyst recycling ƒ the sales department is in sampling & assaying facilities are run out of serving the South-American activities, in & Hanau market in order to supply refining operations or in ƒ 58 people are active in our Brazilian refinery as commercial & supporting Hanau well as Hoboken’s plant services ƒ employment: 88 people ƒ first operations started in 1887 as a desilvering plant ƒ now the world’s largest precious metals recycling facility 15 UPMR: the leading precious metals recycler

ƒ unique & innovative

ƒ excellent services to an international customer basis

ƒ wide range of complex precious metals bearing materials

ƒ efficient recovery of 17 different metals

ƒ applying world class environmental standards

16 Umicore Precious Metals Services* Key Figures

2007 2008 € million € million

EBITDA 173.3 218.2

EBIT 133.9 183.7

Average Capital Employed 201.8 221.1

ROCE 54.4% 80.1%

Capital Expenditure 52.1 60.9

Workforce 1,452 1,514

Surface 116 ha 116 ha

17 * Business units Precious Metals Refining & Precious Metals Management Umicore Precious Metals Refining

SMELTERS & CONSUMER REFINERS INDUSTRY MARKET

refined e.g. computers

e.g. scrap

e.g. e.g. production precious tankhouse precious electronic scrap metals slimes metals scrap

18 Our core business

Sampling & Raw Materials Assaying Supply SUSTAINABLE DEVELOPMENT Recycling & Refining

Metals Sales Customer Support

19 Raw Materials Supply

Each year UPMR processes around 350,000 tonnes of more than 200 different types of raw materials containing /copper/ & precious metals. Types of raw material: by-products

By-products from non-ferrous industry

e.g. from nickel, e.g. copper cement from e.g. lead sulphate from PGM & PM industry and industry zinc industry slimes processing

e.g. flue dust from nickel, e.g. slimes e.g. from lead PGM & PM industry from copper industry smelters

21 Types of raw material: recyclables

Recyclable products

Spent Spent Industrial Electronic Scrap Catalysts Automotive bearing raw Catalysts materials

industrial catalysts e.g. printed circuit end-of-life e.g. fuel cells, from oil refining & boards car catalysts photographic petrochemical residues industry

22 Raw materials supply

Basedonvolume Based on turnover

18%

37%

63%

82% Outlook 2009 Outlook 2009

23 Metals Sales

We recover and sell precious, special & base metals, chemicals & derivated products. UPMR has flexible capacity for PMs

Ag Au Pt Pd Rh

Capacity t/y 2,400 100 25 25 5

Output t/y 1,200 25 20 20 4

From 25% 25% 65% 65% 30% recyclables

Additional 25 info Base & special metals

Capacities for other non - PM elements

Pb Cu Sb Sn Bi Ni In Se Te Slags

125,000t 30,000t 3,000t 1,000t 400t 2,000t 50t 600t 150t 140,000t

Additional 29 info Customer Support

UPMR provides a complete range of commercial & financing services for an optimal match with our costumers’ needs. Logistical assistance is provided as well as cross border transports & all legislative related matters. Comprehensive customer service

ƒ present worldwide to provide all necessary support ƒ provides its clients complete incoming & outgoing logistical assistance for raw materials and for refined metals & products ƒ assists the customer in taking care of all environmental & administrative obligations resulting from international waste regulations & shipments, such as the Basel Convention & the Decision of the OECD Council ƒ VAT warehouse allows our clients to trade with their metal credit loco Hoboken without VAT registration in Belgium & without declaration to the related EU Tax authorities

34 Metal Management Service

ƒ optimal metal valorisation is ensured by team of experts, watching closely London fixings & market information ƒ supplier’s risk management can be facilitated through forward pricing, transmission of limit orders or more specific solutions ƒ refined metals can be returned or repurchased at the best available market conditions ƒ clear individual metal accounts reflect all of the results of the metal transactions ƒ UPMR offers special services like financing, LBMA leasing, swaps, metal account transfers, pledges, early metal returns, market Basel Convention information, regular metal statement...

35 Recycling &

Pd Se Refining Au Ir

Cu Ru Pb, Cu & Ni drive our unique Ag recycling process. By using the Rh Te specific properties of these Pt collector metals, precious & other secondary metals are Pb As Ni recovered with the greatest In Sb efficiency. Bi Our in-house developed Sn Precious Metals Refinery is one of the world’s largest & most a unique metallurgy efficient refining facilities. Raw Materials Additional info Sampling

Precious Metals Operations Base Metals Operations

Sulphuric Acid Blast Furnace Smelter Pb-slags SO 2 Cu-matte Ni-speiss

Cu-bullion Pb-bullion

Leaching & Electro Winning Lead Refinery Ag- residue

PM-residue In-Te-residue

Nickel Refinery Precious Metals Refinery Special Metals Refinery PM- Se- residue residue

37 Ni Cu Ag, Au, Pt, Pd, Rh, Ir, Ru In, Se, Te H2 SO4 Pb, Bi, Sb, Slags Sn, As Sampling & Assaying

The wide variety & complexity of incoming materials mean that sampling & assaying are key success factors in determining our customer’s financial yield. UPMR allocates more than 15% of its operating budget to these services. Raw materials flow

Final sample preparation of Laboratory Assay Exchange primary sample

W&S report Determination of Settlement of results between customer & Samples for customers metals content UPMR Arrival of raw Primary sample materials

Weighing information Physical reception Loss of identity Moisture determination

Bulk45 Smelter Sampling

ƒ unique state-of-the-art facilities ƒ dedicated to process all raw materials ƒ key drivers:

‰ maximizing automations

‰ adequate capacities in growing segments (e-scrap, auto catalysts…)

‰ shortening the lead times

‰ respecting environmental, health & safety standards ƒ employment: 130 people ƒ secured area ƒ ± 8000 lots & 350,000 t/year

46 Main sampling process

Autocatalysts ƒ Decanning & sampling of converters in Hoboken (B) & Hanau-Alzenau (D) ƒ Shredding & sampling of metallic converters in Alzenau (D) Electronic scrap Two separate lines for shredded & unshredded

Fine free-flowing material Sampling via blending, e.g. sweeps, industrial catalysts

Metallic material Sampling after remelting

Wet material ƒ Homogenisation by mixing ƒ Automatic spear sampling, e.g. leach products, slimes

Lumpy material Sampling via milling

Liquid spent Homogenisation; increments from bulk flow, e.g. spent homogeneous Rh catalyst

Final sample preparation

47 Assaying

ƒ recognized leadership in the precious metals industry ƒ an up-to-date analytical equipment, supported by:

‰ a robust quality assurance system

‰ a laboratory information & management system ƒ key drivers:

‰ customer orientation

‰ respect for short lead times

‰ continuously investment in analytical research & method improvement ƒ employment: 100 people ƒ 55,000 samples/y

48 Assaying process

ƒ internationally recognised by our customers in precious metals assaying using conventional fire assay & chemical procedures ƒ in-house developed /processes ƒ extensive wet chemistry experience ƒ environmental analysis, including dioxins (by Gas Chromatography – Mass Spectrometry) ƒ trace metals determination ƒ broad range of instrumental techniques, e.g. X-Ray Fluorescence

49 Sustainable Development

For UPMR this implies: ƒ continuous improvement of environmental performance ƒ social responsibility especially towards the local community ƒ a challenging & supporting policy towards our employees ƒ economic sound management in a Total Quality approach Environment: reduction of air emissions

Stack air emissions

15.000 Pb in kg/year 12.000

9.000

6.000

3.000

0 1990 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Diffuse air emissions 10.000 Pb in kg/year 8.000

6.000

4.000

2.000

0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

51 Environment: waste water treatment

ƒ all site waters (process water, cooling water, rain water, sprinkling waters…) are treated; there is no direct drain to the River Scheldt

ƒ 2/3 of all treated water is reused in the plant

ƒ strict compliance with emission standards: quality of flushing water is meticulously observed

52 Environment: contribution to Kyoto Protocol

ƒ UPMR strives to respect the climate change/CO2 objectives:

‰ heat recovering facilities at Smelter, Blast Furnace & Lead Refinery

‰ efficiency increase at LEW

‰ several improvement projects ƒ covenant with the authorities: pledge to stay within the world top for energy efficiency

Energy consumption 4000 10% 3500 9% 8% 3000 7% 2500 6% 2000 5% 1500 4% 3% 1000 2% 500 1% 0 0% 2001 2002 2003 2004 2005 2006 2007 2008

Energy Consumption (in TJ) Energy Recovery (in %) 53 Social responsibility: soil remediation Moretusburg & Hertogvelden

ƒ replacement of historically contaminated soil by clean soil ƒ 750 houses & public area ƒ activities started in September 2006 & were finished in summer 2008

54 Social responsibility: communication & information

ƒ yearly environmental report, distributed on 7,000 copies

ƒ yearly information session to inhabitants

ƒ consultation Committee with representatives of residentials & authorities

ƒ toll-free telephone number 24/7

ƒ visits, open house…

ƒ special communication efforts for soil remediation project of Moretusburg

55 Recent make-over

At the start of the nineties ƒ strategical decision for recycling ƒ “extreme makeover” of the plant ƒ clean-up of historical pollution

Ö investment of 400 mio euro during 1996 - 2008

56 Rehabilitation of historically polluted areas

1998: before the clean-up

2001: after the clean-up

57 Facelift

ƒ support new image ƒ further improvement of the working environment (comfort & safety) ƒ welcome visitors/clients more attractively ƒ improve training facilities ƒ what?

‰ modern zinc & reception

‰ renovation administrative building

‰ the facade of the surrounding buildings will be renovated too

58 Health & safety

UPMR continuously improves its occupational health & safety performance

ƒ occupational health monitoring:

‰ bio-monitoring

‰ workplace analysis

‰ vaccination ƒ comfort:

‰ ergonomics

‰ advice & training for use of computers ƒ well-being Lead in blood (µg/dl) 30 ƒ alcohol, drugs & non-smoking policy norm UPMR = 40 ƒ stress management 25

ƒ health 20 ƒ own medical service 15 ƒ reduction program for lead in blood of

employees 10 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

59 Health & safety

Frequency lost time accidents1 Safety policy based on:

40 35 30 Technique 25 20 ƒ risk analysis of installations 15

10 ƒ identification & follow up of critical 5 components 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 ƒ reliability of safety systems ƒ fire & explosion restriction Severity lost time accidents2

1,4 1,2 Organization 1

0,8 set up & audit of safety procedures

0,6

0,4

0,2 Human 0 sensitivity & motivation of all employees 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

1 number of accidents x 1.000.000 / number of hours worked 2 number of lost time days x 1.000 / number of hours exposure 60 Sustainable employment world leader thanks to all our employees Ö it is our duty to strive for: ƒ sustainable employment ƒ a safe & healthy working environment in which we stimulate our employees’ development ƒ respect for each individual to a steady/growing employment: ƒ 1390 employees in Hoboken: important regional employer ƒ more than 150 recruitments in 2008 ƒ space for alternative employment (e.g. green team, adjusted work)

61 A Total Quality approach

Our Total Quality system is driven by the European Foundation of Quality Management (EFQM) model. The EFQM approach is formalized in one integrated management system certified against international standards.

ƒ environmental care system certified according to ISO14001: “… very well designed and implemented …”

ƒ ISO 9001: quality management

ƒ OHSAS 18001: safety certificate

62 www.preciousmetals.umicore.com www.electronicscrap.umicore.com www.autocatalyst-recycling.umicore.com www.industrialcatalyst-recycling.umicore.com