Mr. Richard Perron reports

5N PLUS ANNOUNCES NEW US$79 MILLION SYNDICATED CREDIT FACILITY

5N Plus Inc. has closed a $79-million (U.S.) senior secured multicurrency revolving syndicated credit facility to replace its existing $50-million (U.S.) revolving facility. Addressing current financing and other corporate purposes, the new credit facility is also expected to be used to finance growth initiatives related to the second and third pillar of the company's strategic plan 5N21. The new credit facility has a four-year term, bearing interest and a margin based on 5N Plus's senior consolidated debt to earnings before interest, taxes, depreciation and amortization ratio. Subject to lenders' approval, 5N Plus can exercise its option to request an expansion of the credit facility through a $30-million (U.S.) accordion feature which would increase the total size of the facility to $109-million (U.S.). The syndicate consists of six banks and financial institutions with HSBC Bank assuming the role of lead arranger and book runner.

Richard Perron, chief financial officer, commented: "Our strategic plan, 5N21, fosters a new business model which is transforming 5N Plus as evident by the significant improvement in profitability, substantial enhancement in return on capital employed, reduction in earnings volatility, recurrent cash flows and a solid balance sheet. Over the past two years we have utilized selectivity as the tenet of our approach to address market opportunities, consolidate assets across the globe, optimize global supply chain and address investment requirements of our business. We are now shifting our focus toward growth initiatives and find a combination of a solid balance sheet along with the conclusion of this new expanded and flexible credit facility timely, to efficiently support and deliver growth in-line with our ambitions. We are very happy to have the support of the leading financial institutions as we continue to execute our strategic plan."

About 5N Plus Inc.

5N Plus is a leading producer of engineered materials. Fully integrated with closed-loop recycling facilities, the company is headquartered in Montreal, Que., Canada, and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications.

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