Group Eramet : Combined General Shareholders' Meeting of 24 May 2018

                   Paris, 24 May 2018, 5:40 PMPRESS RELEASECombined General Shareholders' Meeting of 24 May 2018ERAMET's Combined General Shareholders' meeting was held on 24 May 2018 in Paris under the chairmanship of Mrs. Christel BORIES, Chairman and CEO of ERAMET.ERAMET's shareholders...

London, 24/05/2018 (informazione.it - comunicati stampa - industria)

                   
Paris, 24 May 2018, 5:40 PM

PRESS RELEASE

Combined General Shareholders' Meeting of 24 May 2018

ERAMET's Combined General Shareholders' meeting was held on 24 May 2018 in Paris under the chairmanship of Mrs. Christel BORIES, Chairman and CEO of ERAMET.

ERAMET's shareholders approved all the proposed resolutions. The result of the General Meeting's votes for each resolution is available on ERAMET's website (www.eramet.com).

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The General Meeting approved the distribution of a dividend of €2.30 a share in respect of the 2017 financial year.
Dividend detachment will take place on 29 May 2018 and payment from 31 May 2018.

Acknowledging the resignation of Mr Ferdinand POAOUTETA, the General Meeting adopted a resolution, appointing Mr. Louis MAPOU as director, at the proposal of STCPI.

ERAMET's Board of Directors is made up of 19 members, including two directors representing employees. It includes 6 independent members, i.e. more than a third of the Board, and 41% of women excluding directors representing employees.

In Indonesia, the conditions required to implement the partnership agreement signed with the Chinese steel group, Tsingshan, were satisfied on 19 May 2018. ERAMET has today a 43% interest in Strand Minerals (Indonesia) Pte. Ltd. which is the controlling shareholder of PT Weda Bay Nickel.

The recent launch of a takeover offer on the shares of Mineral Deposits Limited, our co-partner in the TiZir joint venture, is in line with the Group's strategy in order to consolidate this business within ERAMET portfolio.

The Group's results show strong sensitivity to changes in some factors, particularly manganese ore and alloys prices as well as nickel prices, the Euro-US dollar exchange rate, and the oil price. The impact of these factors is outlined in the Group's 2017 Registration Document . As an example, average SLN's cash cost was USD 4.80/lb at constant economic conditions in first quarter 2018, corresponding to USD 5.74/lb at current conditions and USD 6.39/lb including capital expenditure and finance cost ("break-even cost" ).

Overall, the Group's markets remain favourable at the start of second quarter 2018, but with a few signs of slowdown. In a context of tensions and uncertainty in international trade relations, our outlook remains uncertain regarding the change in raw materials and alloys prices in the months ahead.

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24.07.2018: Publication of 2018 half-year results

25.10.2018: Publication of 2018 Q3 sales figures

20.02.2019: Publication of 2018 annual results

ERAMET is one of the world's leading producers of:

ERAMET is also developing activities with strong growth potential, such as lithium extraction and recycling.

The Group employs around 12,600 people in 20 countries.

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Director of Strategy and Innovation, Investor Relations

Phone: +33 (0) 1 45 38 42 78

Investor Relations Manager

Phone: +33 (0) 1 45 38 37 02

www.eramet.com

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