Mayerton Announces Divestment of Production Facility In China As Part Of Strategy

Douglas, Isle of Man, April 22, 2013 – MAYERTON HOLDINGS LTD, a leading refractory engineering solutions provider and a high quality castable and refractories brick manufacturer, announces it has today signed a definitive agreement for the sale of its 100% equity interest in Dalian Mayerton Refractories Co. Ltd. (“DMR”) to Magnesita Refratarios S.A. DMR is a refractory brick manufacturing facility in Dalian, China (Liaoning Province).

Mayerton Announces Divestment of Production Facility In China As Part Of Strategy

Douglas, Isle of Man, April 22, 2013 – MAYERTON HOLDINGS LTD, a leading refractory engineering solutions provider and a high quality castable and refractories brick manufacturer, announces it has today signed a definitive agreement for the sale of its 100% equity interest in Dalian Mayerton Refractories Co. Ltd. (“DMR”) to Magnesita Refratarios S.A. DMR is a refractory brick manufacturing facility in Dalian, China (Liaoning Province).

The divestment of DMR will support Mayerton’s strategy to optimise capacity at its remaining production facilities and focus resources on performance and service/support in addition to  product diversification. The divestment does not impact Liaoning Mayerton Refractories Co. Ltd (“LMR”) where it retains sufficient capacity to manufacture in excess of its current volume of refractory bricks.

The application for approval of the transfer of the equity to Magnesita will be submitted to the Economic and Trade Bureau of Dalian Development Area in the People’s Republic of China. Mayerton expects that the approval and consequent completion of the acquisition will occur in Q3 2013.

Sandy Barr

CEO

Mayerton Holdings Limited

Environmentally Friendly

At Mayerton, we manufacture consistently reliable, high quality refractories to the global iron, steel and non-ferrous industries. We aim to do this with minimal impact on the environment. To achieve this, we adhere closely to the highest possible standards with ISO 14001, as well as reducing our consumption of energy and power. We also install ultra modern dedusting machines, use raw materials more efficiently, carefully dispose and reduce waste, and recycle wherever possible. All this leading to environmental benefits at industrial sites achieved through continual performance optimisation.

Innovative Technology

At Mayerton, we are committed to improving and optimising refractory performance. It’s because of our experience, know-how and innovative technology that we are able to produce such advanced high quality refractory solutions. Through customer feedback and communication with our technical team, we are able to design products quickly and performance test them in our laboratories before trials on site. It’s just another way Mayerton serves its customers in the iron, steel and non-ferrous industries.