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2015-05-20

SinterCast: SinterCast Annual General Meeting 2015

[Stockholm, 20 May 2015]
- The SinterCast AB (publ) Annual General Meeting (AGM) was held on 20 May
2015 in Stockholm. During the AGM, presentations were provided by Mr Luiz
Tarquínio S. Ferro, President of Tupy S.A., and by Dr Steve Dawson,
President&CEO. The recorded presentations will be available on the
SinterCast website on or before Monday 25 May.

Since his previous appearance at SinterCast's AGM in 2007, Mr Ferro presented
an overview of Tupy's development, including organic growth and strategic
acquisitions that have secured Tupy's position as the world's largest
independent foundry and the world's largest and most diversified provider of
Compacted Graphite Iron (CGI). Mr Ferro noted that CGI has become an
increasingly important component of Tupy's current business and future growth
strategy. With several CGI components already in series production, Mr Ferro
confirmed that Tupy has secured additional CGI production commitments and
that CGI has the potential to grow from the current 13% of automotive sales
volume (1Q15). Mr Ferro acknowledged SinterCast's contributions to Tupy's
drive for improved efficiency and improved margins, and thanked SinterCast
for its support over the past 18 years. From the world's first high volume
CGI programme in 2003, to the world's first high volume CGI petrol engine in
2014, Mr Ferro confirmed that Tupy is committed to leading the global trend
toward CGI for performant, efficient and green engine technologies.

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
increased by 18% since the last AGM, and that the average compound annual
growth rate since 2007 is also 18%. Dr Dawson stated that breaking the two
million Engine Equivalent milestone in March was a significant achievement
for the company and that the programmes currently in series production have
the potential to provide more than 2.5 million Engine Equivalents. Beyond
the current production, the programmes under development at Tupy and at
SinterCast's other foundry partners will enable SinterCast to surpass the
three million Engine Equivalent milestone and provide further growth
opportunities. Dr Dawson also noted that the recent growth has been well
diversified, with double-digit growth contributions coming from each of the
passenger vehicle, commercial vehicle and industrial power sectors. The Ford
2.7 litre V6 petrol engine has been a particularly strong contributor
recently, providing an important reference for CGI in petrol applications.
In closing, Dr Dawson confirmed that the recent increases in series
production and new installations have provided a great sense of achievement,
pride and motivation for the SinterCast employees, and invited the
shareholders to share in this sense of accomplishment.

During the AGM, Hans-Erik Andersson, Aage Figenschou, Robert Dover, Laurence
Vine-Chatterton, Carina Andersson, Jason Singer and Steve Dawson were
re-elected as Board members. Hans-Erik Andersson was re-appointed as
Chairman.

The AGM also decided upon the constitution of the Nomination Committee until
the next AGM, comprised of Karl-Arne Henriksson, Chairman, Andrea Fessler,
Ulla-Britt Fräjdin-Hellqvist and Hans-Erik Andersson.

All of the proposals presented to 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. With 42 installations in
12 countries, the SinterCast technology 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/1922760/689559.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#1922760

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