Highlights. » EBT on the basis of IFRS after the first three months of FY 12/13 amounts to 13 million ( 213 million in the previous year)

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1 Aurubis generated earnings before taxes of 13 million ( 213 million in the previous year) in the first quarter of fiscal year 2012/13 on the basis of IFRS. Operating EBT was 140 million and was thus significantly up on the prior-year earnings ( 86 million). The result includes a positive extraordinary effect of 65 million. Highlights» EBT on the basis of IFRS after the first three months of FY 12/13 amounts to 13 million ( 213 million in the previous year)» At 140 million, operating earnings before taxes (operating EBT), the relevant parameter for Aurubis, was well above the prior-year value ( 86 million). Earnings included a positive extraordinary effect of 65 million.» The net cash flow was 88 million compared to 19 million in the previous year.» Revenues increased to 3,395 million ( 3,151 million in the previous year), due in particular to higher cathode sales and increased precious metal sales.» The copper market maintained its fundamental stability in the first quarter with prices of about US$ 8,000/t as at the end of the quarter. Demand for cathodes decreased, especially in China. Political decisions in the US and China have helped alleviate market uncertainties.» The market for copper concentrates developed positively again for Aurubis. Mine output was at a high level without significant technical problems or strikes.» The supply of copper concentrates and recycling materials for our plants was good.» Weak demand for copper products continued in the first quarter, especially in the European markets.» Outlook: Because of the good result in the first quarter of fiscal year 2012/13 prior to the extraordinary effects and the stable outlook in our significant procurement markets, we expect a satisfactory result for the entire year. CONTACTS; Aurubis AG Group Communications Michaela Hessling Head of Group Communications Tel m.hessling@aurubis.com Matthias Trott Tel m.trott@aurubis.com

2 Hamburg, February 14, 2012 The Aurubis Group generated earnings before taxes of 13 million ( 213 million in the previous year 2011/12) in the first quarter of fiscal year 2012/13 on the basis of IFRS. Operating EBT was 140 million and was thus significantly up on the prior-year earnings. The result includes a positive extraordinary effect of 65 million. The revenues of the Aurubis Group (Aurubis) rose to 3,395 million ( 3,151 million last year), primarily due to higher cathode sales and increased precious metal sales. Earnings before taxes (IFRS) amount to 13 million ( 213 million last year) in the reporting period. Operating earnings before taxes of 140 million during the fiscal year were considerably up on the prior-year earnings ( 86 million) but were positively influenced by an extraordinary effect of 65 million. Low precious metal inventories at the quarterly balance sheet date led to positive effects in the results which will be neutralized during the expected inventory build-up in the course of the year. Operating earnings adjusted by the extraordinary effect amount to 76 million. The net cash flow was 88 million, compared to 19 million in the previous year. Net cash flow was 233 million compared to 271 million last year. Operating earnings before taxes amounted to 140 million during the first quarter. In addition to the extraordinary effects ( 65 million), this figure was determined by the following factors:» The copper concentrate throughput was up on the previous year. Higher treatment charges were collected at the same time.» Sulfuric acid sales increased due to the throughput, though acid prices were lower compared to the previous year.» There was a good metal yield with high metal prices.» Sales volumes for all significant copper products were down on the prioryear level due to weak markets. Shape surcharges for copper products were at a stable level overall. Operating earnings before interest and taxes (EBIT) were 148 million compared to 96 million last year. After incorporating the financial result, operating earnings before taxes (EBT) reached 140 million ( 86 million last year). At 11 million, net interest expense was at the prior-year level ( 10 million). An operating consolidated net income of 104 million ( 59 million last year) remains after deducting the tax expense. At 22.6 %, the operating ROCE (rolling last 4 quarters) was at the level of the prioryear quarter (23.9 %). 2

3 MARKETS The European economy continued to struggle under the ongoing debt crisis in the first quarter of 2012/13 and the economic performance in the eurozone remained at a low level. There was significant growth momentum from the US and China, two of the most important markets for copper. There were elections in the US and new political leaders were appointed in China. These developments, which will be decisive for the next few years, reduced uncertainty and offered some reassurance. The comprehensive infrastructure programs planned for 2013 in China had a positive effect on the copper market, as did the assumption that the existing economic conflicts in the US would be solved. In light of these factors, the copper market remained stable overall. International demand for cathodes declined during the quarter and exports to China decreased in particular. The metal exchanges copper inventories increased from about 427,000 t to 587,000 t in total. The increased volume primarily went to Asian warehouses. After reaching a quarterly high of US$ 8,340/t (settlement) in early October, the copper price on the London Metal Exchange weakened temporarily in November. The quotations fell to a low of US$ 7,540/t on November 9 but then recovered to slightly above US$ 8,000/t in December The average copper price during the first quarter of 2012/13 was US$ 7,909/t, exceeding the previous quarter s average price of US$ 7,706/t by 2.6 %. The copper price once again proved its resistance against isolated negative factors. We expect this level for 2013 as well. The market for copper concentrate continued its satisfactory trend. Mine output was at a high level and there were no significant technical problems or strikes. Additional volumes due to new mine projects increased the supply and treatment charges developed favorably. Aurubis smelters were well supplied with copper concentrates. Copper scrap availability was supported by high copper quotations. The smelting capacities for copper scrap and other recycling materials were fully supplied at all sites. The last quarter of 2012 was influenced again by difficult and volatile copper product markets. Markets in Europe in particular were negatively affected by weak demand from Southern Europe. In addition to the sluggish market environment, the typical seasonal slowdown influenced the business. Product business in North America was better but could not fully compensate for weak European demand. 3

4 HUMAN RESOURCES The Aurubis Group had a total of 6,415 employees at the end of the first quarter (6,304 last year). The increase in the number of employees is due in particular to new hires at the Hamburg and Lünen sites. The Aurubis Group employees are primarily distributed over the following countries: Germany (3,659), Bulgaria (803), USA (656), Belgium (493), Sweden (220), Finland (196), the Netherlands (183) and Italy (129). Group-wide, 57 % of the workforce is employed in Germany and 43 % at other locations worldwide. Personnel expenses decreased slightly from 109 million last year to 108 million during the reporting period. Slightly increasing personnel costs due to wage increases and a rise in the number of employees were sufficiently absorbed by onetime expenses (restructuring provisions) during the prior-year quarter. OUTLOOK Raw material markets We expect the supply to increase in the market for copper concentrates. We expect good availability and treatment charge revenues in the next few months as well. On the basis of steady copper quotations, we expect the good availability of copper scrap to continue, while demand from Asia will likely stay at a relatively low level. Sufficient quantities of complex recycling materials are also available. We thus expect all of Aurubis recycling capacities to be fully supplied. Copper market Copper s fundamental situation can be viewed as a good basis for high copper prices in 2013 as well. There are many indications that the global economy will slowly recover somewhat, though it will be different from region to region. Momentum is expected first and foremost from China, the country with the greatest copper demand, which would like to promote economic growth through comprehensive infrastructure programs and other measures. These programs involve copper-intensive sectors in particular, for example the expansion of railways and the electricity supply as well as home construction. Copper demand in key industries in the US and Germany could improve as well. Noticeable effects cannot be expected until the second half of the year, however. On the production side, large-scale maintenance standstills are planned at copper production companies in 2013, therefore limiting capacity utilization. It seems unlikely that there will be a significant production surplus on the world copper market in Product markets Copper products We expect demand for copper products to remain weak in Europe over the next few months. Demand is expected to improve in North America and the Far East. 4

5 European demand for copper rod should be supported by orders from the cable and wire industry, which could compensate for possible declines in the automotive business, which is currently a bit weaker. Demand for shapes will benefit from the positive trend in the semis markets outside of Europe as well in the next few months. The positive economic and demand trend in North America and Asia should have a positive effect on our global markets for rolled products. In Europe the outlook for copper and alloy strip has improved and reinforces positive expectations of stability, though customers ordering habits are focused on the short term and are difficult to predict. Copper production We have scheduled a large-scale maintenance standstill for our copper concentrate processing facilities at our Hamburg site for September and October This will significantly reduce the processed concentrate quantities in the fourth quarter of the fiscal year. Nevertheless, we expect the processed volumes in the Group for the entire fiscal year to be slightly above the previous year. We expect the recycling capacities to be fully utilized during the fiscal year. The cathode output is likely to be slightly higher than the prior-year level. Expected earnings Overall, we view the copper market as well-supported despite remaining economic uncertainties, and we expect volatile but high copper prices. We expect good earnings for Business Units Primary Copper and Recycling/Precious Metals due to the positive situation in our procurement markets and the sulfuric acid market, which will recover again at the end of the year. Earnings in Business Unit Copper Products will continue to be influenced by weak demand in line with the economic trend. Because of the good result in the first quarter of fiscal year 2012/13 prior to the extraordinary effects and the stable outlook in our significant procurement markets, we expect a satisfactory result for the entire year. The complete Interim Report on the First Three Months 2012/13 can be found at 5

6 OVERVIEW OF GROUP KEY FIGURES (IFRS) 1st quarter 2012/ /12 Difference Revenues m 3,395 3,151 +8% Gross profit m % Personnel expenses m % Depreciation and amortization m % Operating depreciation and amortization m % EBITDA Operating EBITDA* m 51 m % +42% EBIT Operating EBIT* m 21 m % +53% EBT Operating EBT* m 13 m % +63% Net income m % Earnings per share ,39-94% Net cash flow m % Capital expenditure (excl. financial fixed assets) Copper price (average) Human resources (average) m % US$/t 7,909 7,489 +6% 6,399 6,303 +2% * Comments on the operating result are presented in the explanatory notes to the results of operations, financial position and net assets; certain prior-year figures have been adjusted Disclaimer: Forward-looking statements This information contains forward-looking statements based on current assumptions and forecasts. Various known and unknown risks, uncertainties and other factors could have the impact that the actual future results, financial situation or developments differ from the estimates given here. We assume no liability to update forward-looking statements. 6

7 ANHANG Company profile Aurubis is the leading integrated copper group and the world s largest copper recycler. We produce some 1 million t of copper cathodes each year and from them a variety of copper products. Aurubis has about 6,400 employees, production sites in Europe and the USA and an extensive service and sales system for copper products in Europe, Asia and North America. Thanks to our wide range of services, we rank among the global leaders in our industry. Our core business is the production of marketable copper cathodes from copper concentrates, copper scrap and recycling raw materials. These are processed within the Group into continuous cast wire rod, shapes, rolled products and strips as well as specialty wire made of copper and copper alloys. Precious metals and a number of other products, such as sulfuric acid and iron silicate, round off our product portfolio. Customers of Aurubis include companies in the copper semis industry, the electrical engineering, electronics and chemical industries as well as suppliers of the renewable energies, construction and automotive sectors. Aurubis is oriented to growth and to increasing corporate value. The main focus of our strategy is on strengthening our business, utilizing growth opportunities and practicing a responsible attitude when dealing with people and handling resources and the environment. Aurubis shares are part of the Prime Standard Segment of the Deutsche Börse and are listed in the MDAX, the European Stoxx 600 and the Global Challenges Index (GCX). Further information at 7