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2014-05-21

SinterCast: SinterCast Annual General Meeting 2014

[Stockholm, 21 May 2014]
- The SinterCast AB (publ) Annual General Meeting (AGM) was held on 20 May
2014 in Stockholm. During the AGM, presentations were provided by Mr
Raffaele De Vivo, President of VM Motori North America, and by Dr Steve
Dawson, President&CEO. The recorded presentations will be available on the
SinterCast website on or before Monday 26 May.

Mr De Vivo provided a warm and insightful introduction to VM Motori and its
recent assimilation into the Fiat Group. He then provided an overview of the
production experience and performance of the VM Motori 3.0 litre V6 diesel
engine with a SinterCast-CGI bedplate and cylinder block. Mr De Vivo noted
that the VM Motori diesel is one of the most versatile engines in the market,
satisfying the need for power and refinement in luxury applications such as
the Maserati Ghibli and Lancia Thema; the need for low-end torque and fuel
economy in North American Jeep and Ram 1500 pick-up applications; and, the
demands for performance and durability in marine applications. Mr De Vivo
explained the dynamic and competitive nature of the North American pick-up
market, with Chrysler, Ford and GM all constantly vying for market share, and
provided a positive long-term outlook for the SUV and pick-up sectors. Mr De
Vivo thanked SinterCast and its shareholders for contributing to VM Motori's
receipt of a Wards Ten Best Engine award and to the VM Motori diesel engine's
contribution to helping Ram become the second best-selling vehicle in North
America.

During the CEO presentation, Dr Dawson presented an overview of recent market
activities and provided an outlook for SinterCast's potential market
development. Dr Dawson's presentation showed that the annualised volume has
increased by 30% since the last AGM, and that the average compound annual
growth rate since 2007 is more than 20%. Dr Dawson also noted that the
components that are currently in series production have a mature potential of
more than 2.5 million Engine Equivalents and that further growth can be
expected from each of the passenger vehicle, commercial vehicle and
industrial power sectors. Dr Dawson presented the design of the first high
volume CGI petrol engine and commented on the opportunity for a 'follower
reaction' in passenger vehicle petrol and diesel engines. In closing, Dr
Dawson confirmed that the increase in series production, the increased field
activities, and the new installations, have provided a great sense of
accomplishment and satisfaction among the SinterCast employees, and that all
employees shared the longstanding goal of putting millions of SinterCast-CGI
vehicles on the roads.

During the AGM, Hans-Erik Andersson, Aage Figenschou, Robert Dover, Laurence
Vine-Chatterton and Steve Dawson were re-elected as Board members. Hans-Erik
Andersson was appointed as Chairman. Carina Andersson and Jason Singer were
elected as new Board members. Ulla-Britt Fräjdin-Hellqvist, after serving as
a member of the Board of Directors since 2002 and as Chairman since 2006,
declined re-election, and was warmly thanked for her many contributions.

The AGM also decided upon the constitution of the Nomination Committee until
the next AGM, comprised of returning members Karl-Arne Henriksson (Chairman),
Andrea Fessler and Ulla-Britt Fräjdin-Hellqvist. Hans-Erik Andersson was
elected as a new member of the Nomination Committee.

All of the proposals presented to the AGM were approved by the shareholders.

For and on behalf of the Board of Directors:

--------------------------------------
|Steve Dawson |
|President&CEO |
|SinterCast AB (publ) |
|Tel: +46 8 660 7750 |
|e-mail: steve.dawson@sintercast.com |
--------------------------------------
SinterCast
is the world's leading supplier of process control technology for the reliable
high volume production of Compacted Graphite Iron (CGI). With at least 75%
higher tensile strength, 45% higher stiffness and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows
engine designers to improve performance, fuel economy and durability while
reducing engine size, weight, noise and emissions. The SinterCast technology,
with 39 installations in 12 countries, is primarily used for the production
of petrol and diesel engine cylinder blocks and exhaust components for
passenger vehicles; medium-duty and heavy-duty cylinder blocks and heads for
commercial vehicles; and, industrial power engine components for marine,
rail, off-road and stationary engine applications. SinterCast's series
production components range from 2 kg to 9 tonnes, all using the same proven
process control technology. The SinterCast share is quoted on the Small Cap
segment of the Stockholm NASDAQ OMX stock exchange (Stockholmsbörsen: SINT).
For more information:www.sintercast.com

END

Press Release PDF
http://hugin.info/1205/R/1787373/613683.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SinterCast via Globenewswire

HUG#1787373

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