Globe Specialty Metals, Inc. Files Registration Statement with the SEC for an Initial Public Offering

Business Wire, July 25, 2008

NEW YORK -- Globe Specialty Metals, Inc. (the "Company") announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering in the United States of its common stock. A portion of the shares of common stock to be offered are proposed to be issued and sold by the Company and a portion are proposed to be sold by certain stockholders of the Company.

Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and J.P. Morgan Securities Inc. will act as joint book-running managers for the proposed offering.

A copy of the prospectus relating to these securities may be obtained, when available, from: Credit Suisse Securities (USA) LLC, One Madison Avenue, 1B, New York, NY 10010, Attention: Prospectus Department (tel: (800) 221-1037), Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY 10022, Attention: Equity Capital Markets (tel: (888) 449-2342) or J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attention: Prospectus Department (tel: (718) 242-8002).

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

About Globe Specialty Metals, Inc.: Globe Specialty Metals, Inc. is a producer of silicon metal and silicon-based specialty alloys, which are important ingredients in a variety of industrial and consumer products. Our customers include silicone chemical, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, and manufacturers of photovoltaic solar cells and electronic semiconductors. The Company's headquarters are in New York City.