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Eramet SA: Eramet: Approval of resolutions proposed to the Combined General Shareholders Meeting of 28 May 2021

Eramet SA: Eramet: Approval of resolutions proposed to the Combined General Shareholders Meeting of 28 May 2021 PRESS RELEASE Eramet: Approval of resolutions proposed to the Combined General Shareholders Meeting of 28 May 2021 Eramet s Combined General Shareholders meeting was held behind closed doors on 28 May 2021 in Paris under the chairmanship of Ms. Christel Bories, Chair and CEO of Eramet, in application of French order no. 2020-321 of 25 March 2020, and French decree no. 2020-418 of 10 April 2020, as reviewed by French order 2020-1497 of 2 December 2020, and French decree no. 2021-255 of 9 March 2021, and in accordance with all applicable legal and regulatory provisions, as well as the recommendations of the French Financial Markets Authority (Autorité des Marchés Financiers, AMF ).

Eramet: Good resilience of the Group in 2020, thanks to excellent operational performance and strong cash generation in the second half

seasonality in H2 This outlook is in line with the momentum of the beginning of this year, without any economic setback related to the pandemic Christel Bories, Eramet group Chair and CEO: In 2020, the pandemic brutally disrupted our ecosystem. In particular it resulted in a major economic crisis in the aerospace sector, the main end-market for our Aubert & Duval subsidiary. Thanks to our demanding roadmap, the mobilisation and agility of our teams, as well as a responsible crisis management, we have recorded remarkable successes in our mining activities and succeeded in seizing opportunities, despite the disruptions. We were also able to control cash consumption, particularly in our High-Performance Alloys division whose responsiveness was exceptional in the second half of the year, and our debt was substantially reduced at end-2020 compared to end-June.

UPDATE 2-Miner Eramet sees higher core earnings this year after pandemic hit

By Reuters Staff (Adds detail) PARIS, Feb 16 (Reuters) - French mining group Eramet said on Tuesday it expected a rebound in core earnings this year after starting to recover in recent months from severe disruption caused by the COVID-19 pandemic. The company reported a net loss of 675 million euros ($817 million) for 2020, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 398 million euros against 630 million in 2019. The full-year EBITDA showed a higher second-half level than the 120 million euros in the first half, in line with Eramet’s previous guidance. Record mining output, including a 22% increase in manganese ore output in Gabon, and higher nickel ore exports from New Caledonia had supported the recovery, it said.

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