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Marin, Oct 15th, 2018

Philippe Royer to retire from METALOR, Antoine de Montmollin to take over as CEO from January 1st, 2019

After more than 4 years as Metalor Group CEO, Philippe Royer will retire on December 31st, 2018.

Antoine de Montmollin, who is Metalor Group CFO, will be appointed CEO as from January 1st : Antoine,
a Swiss national, joined Metalor in June 2005. After several years as business controller, and a 3 year assignment as CFO of the Metalor North-American businesses, Antoine returned to Switzerland to lead the European Refining Business Unit. He was then appointed as Group CFO in November 2015.

Akira Tanae, Representative Director and CEO of TANAKA Holdings Co. Ltd, comments: ‘ We could not have achieved the successful acquisition of Metalor without Philippe Royer two years ago. I would like to express my sincere appreciation to Philippe for his commitment and his contribution as Metalor Group CEO. He exercised his strong leadership to turn around Group performances while streamlining governance, enhancing compliance and regularly reporting to TANAKA. I highly respect his achievements made those years in his tenure. We are delighted that Antoine de Montmollin agreed to take over CEO position. Antoine has excellent business experience and expertise in financial and administration matters gained through 13 years’ career at Metalor. I am confident that he will make the best talented executive for “next stage” of Metalor. I expect that he will drive further business synergies between TANAKA-Metalor going forward.

Philippe Royer comments: ‘ I am very proud to have led Metalor during the transition period from financial to strategic shareholders, and to have initiated the first steps of the integration of Metalor in the TANAKA Group. The TANAKA Group, with its deep knowledge of the precious metals industry, its continuous and important R&D efforts, and its complementarity with Metalor activities, is the best possible shareholder for Metalor, and this has been confirmed by the synergies implemented in the last two years. Antoine de Montmollin, thanks to his former positions in Metalor, both operational and financial, has an extensive knowledge of the Group activities, which will allow him both to continue to develop Metalor, and bring the cooperation with the TANAKA Group to a further level.‘

Antoine de Montmollin comments: `I am very honored and grateful to take over the position as Metalor Group CEO. This is a terrific opportunity to lead this exceptional organization of dedicated and talented professionals. I look forward to further developing the activities of Metalor in conjunction with the TANAKA Group and strengthening our joint operations. Under Philippe Royer’s leadership, Metalor has built a very solid base and I intend to continue the implementation of our strategic guideline, focusing on growth and increased profitability’

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