Trend-setting electricity contract for Alouette smelter in preparation

EQS-News: AMAG Austria Metall AG / Key word(s): Letter of Intent
   AMAG Austria Metall AG: Trend-setting electricity contract for Alouette
   smelter in preparation

   04.07.2025 / 18:49 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Ranshofen, 04 July 2025 

   AMAG Austria Metall AG: Trend-setting electricity contract for Alouette
   smelter in preparation 

     • Agreement on framework conditions for new long-term electricity
       contract between Alouette smelter, Québec government and state-owned
       electricity provider Hydro-Québec
     • New electricity contract to enable the purchase of a total of 1,085 MW
       from 01 January 2030 to the end of 2045 at competitive prices
     • Essential basis for profitable further development of the largest
       aluminium smelter in North and South America
     • Existing electricity contract expires as planned at the end of 2029

   The shareholders of the Canadian aluminium smelter "Aluminerie Alouette
   Inc." (Alouette), in which AMAG Austria Metall AG (AMAG) holds a 20%
   stake, the government of the Canadian province of Québec and the
   state-owned electricity provider Hydro-Québec have today agreed on key
   framework conditions for a new long-term electricity contract. A
   Memorandum of Understanding (MoU) has been signed, on the basis of which
   the contract is now being finalised.

   The new electricity contract is intended to enable the purchase of 1,035
   MW from 01 January 2030 to 31 December 2045. In addition, 50 MW, divided
   into two tranches of 25 MW each, will be made available for further
   organic growth.

   The electricity price depends on the aluminium price and the Midwest
   premiums (risk-sharing contract), as regulated in the current electricity
   contract. The conditions set out in the Memorandum of Understanding thus
   guarantee Alouette's long-term energy supply at competitive prices.

   Claudia Trampitsch, Chief Financial Officer of AMAG and responsible for
   the aluminium smelter business as a member of the Alouette Owners'
   Committee: "Our strategic investment in the Alouette smelter is an
   integral part of the AMAG Group's business model. On the one hand, it
   secures the supply of primary aluminium for the AMAG Ranshofen site, and
   on the other, it strengthens the profitability of the AMAG Group. The
   agreement on key framework conditions for the new electricity contract
   lays the foundation for the profitable further development of our globally
   leading aluminium smelter over the next 20 years.”

   By concluding a new electricity contract, Alouette is committing to
   investments that will support the sustainable and profitable development
   of the company over the coming years. They are fully in line with the
   aluminium smelter’s strategic corporate goals and relate primarily to
   technological progress as well as the environment, energy efficiency and
   automation.

   With a total annual capacity of over 620,000 tonnes of primary aluminium,
   Alouette is the largest aluminium smelter in the Americas. Production
   takes place through the efficient use of electrical energy from
   hydroelectric power with an extremely low CO(2)( )footprint. The aluminium
   smelter is located in Sept-Îles in the Canadian province of Québec and has
   around 950 employees.
    

   About the AMAG Group

   AMAG is a leading Austrian premium supplier of high-quality aluminium cast
   and rolled products, which are used in a wide range of industries such as
   the aircraft, automotive, sporting goods, lighting, mechanical
   engineering, construction and packaging industries. The Canadian Alouette
   smelter, in which AMAG holds a 20% stake, produces high-quality primary
   aluminium with an exemplary environmental footprint. AMAG components,
   based in Übersee am Chiemsee (Germany), also manufactures ready-to-install
   metal parts for the aerospace industry.
    

   Investor contact                 Press contact
   Mag. Christoph M. Gabriel, BSc   MMag. Alexandra Hanischläger, MBA
   Head of Investor Relations       Head of Communication and Marketing
   AMAG Austria Metall AG           AMAG Austria Metall AG
   Lamprechtshausener Straße 61     Lamprechtshausener Straße 61
   5282 Ranshofen, Austria          5282 Ranshofen, Austria
   Phone: +43 (0) 7722-801-3821     Phone: +43 (0) 7722-801-2673
   Email: investorrelations@amag.at Email: publicrelations@amag.at
                                     
   Website: www.amag-al4u.com        

   NOTE

   The forecasts, plans and forward-looking assessments and statements
   contained in this publication were made on the basis of all information
   available to AMAG at the present time. If the assumptions on which the
   forecasts are based do not materialise, targets are not achieved or risks
   occur, actual earnings may differ from those currently anticipated. We
   assume no obligation to revise such forecasts in the light of new
   information or future events.

   This publication has been prepared and the data checked with the greatest
   possible care. However, rounding, transmission or printing errors cannot
   be ruled out. In general, rounding may result in discrepancies in the
   values, totals and percentages shown. In particular, AMAG and its
   representatives accept no guarantees for the completeness and accuracy of
   the information contained in this publication. This publication is also
   available in English; in cases of doubt, the German-language version shall
   prevail.

   This publication does not constitute a recommendation or invitation to buy
   or sell securities of AMAG.

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   04.07.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

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   Language:    English
   Company:     AMAG Austria Metall AG
                Lamprechtshausener Straße 61
                5282 Ranshofen
                Austria
   Phone:       +43 7722 801 0
   Fax:         +43 7722 809 498
   E-mail:      investorrelations@amag.at
   Internet:    www.amag-al4u.com
   ISIN:        AT00000AMAG3
   WKN:         A1JFYU
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart; Vienna Stock Exchange (Official Market)
   EQS News ID: 2165582


    
   End of News EQS News Service


   2165582  04.07.2025 CET/CEST

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