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Societatea a fost nfiinat de ctre persoane private din Ungaria n 1995, cndprocesul de privatizare a industriei de aluminiu a nceput. n timpul privatizriiCompany a achiziionat treptat controlul asupra companiilor care i lega, nstrns legtur cu sectorul aluminiului (Bakony mea bauxit, alumin plante

Ajka, Inota combinatul de aluminiu), n timp ce i transformat ntr-o societate pe

aciuni. Mai trziu, compania a stabilit o societate care produce (MAL-PRODUCTSRL) n Romnia i o societate comercial (MAL-Deutschland GmbH) nGermania pentru a consolida pozitia pe piata.The Company was established by Hungarian private individuals in 1995 whenthe privatization of the aluminium industry started. During the privatization theCompany gradually acquired control over the companies that tied in closely withthe aluminium sector (Bakony bauxite mine, Ajka alumina plant, Inota aluminiumsmelter), and transformed whilst into a company limited by shares. Later theCompany established a producing company (MAL-Product S.R.L.) in Rumaniaand a trading company (MAL-Deutschland GmbH) in Germany to enhance itsmarket positions.

MAL Hungarian Aluminium Production and Trade Company Limited by Shares(MAL Rt.)

The former Alumina and Aluminium Branches of the Company are verticallyaligned in terms of product flow to utilize unique conditions whereby the totalvolume of the bauxite available for profitable exploitation in Hungary can be

processed into hydrate and alumina, (whilst producing synthetic zeolite andmetallic gallium as by-products).The hydrates and aluminas are marketable asproducts themselves, the alumina may be processed in smelters to yield a varietyof marketable aluminium semis. The Company exports 70-75% of its products toWestern European countries.

MAL Zrt. reorganized its structures in 1997-98 and set up product drivenbusiness units divisions which have independent clearing and incentivesystems with a substantial reduction of operating costs.

MAL Zrt. started at the end 2001 with a restructuring which included thepurchase of the majority ownership in the Slovenian SILKEM d.o.o. companyproducing different types of zeolites and ground aluminas. This new company is

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in line with the activity of the former Alumina Branch. In the course of theprivatization in Bosnia in June 2004 the MAL Rt. acquired the majority ownershipof the Bauxite Mine Company Rudnici Boksita Jajce which bauxite with itsexcellent quality could complement the limited available domestic supply verywell. In June 2005 MAL Zrt. took over the deep working bauxite production from

Bakony Bauxite Mine Co. which is in its majority ownership, respectivelyestablished the Bauxite Mining Branch by buying-out of the assets. Because ofthe too high electrical energy costs at 31. January 2006 the Company closeddown the aluminium smelter operating at Inota but at the same time it started ontwo scrap smelting furnaces. After substantial analysis and arrangements on 1stof June 2007 MAL sold its production capacities of aluminium semi-products inInota to the INOTAL Aluminium Processing Ltd. MAL Zrt. at the end April, 2008executed organisational/structural and personal changes in order to realize moreefficiently its aims of strategy and product development.

The goal of MAL Zrt. calls for marketable product structure, high quality products,the utilization of existing human resources and maximum adherence toenvironmental rules in an effort to strengthen corporate market positions in theregion of Central Europe. The strategic development plans of the group aretargeted at capital expenditure projects designed to create new jobs, to promoteproduct restructuring, to achieve continuous improvements in quality with a viewto creating the conditions of long term operation for the Group

Announcement of MAL Hungarian AluminiumAs many learnt about it from the media, a natural disaster has happened on the 4th of October, 2010 at 12:10 p.m., when the reout from the reservoir No.10 at the MAL Alumina Plant in Ajka. This case is without precedent in the history of the alumina prodBayer process.

The management testifies the deepest regret to the inhabitants who are personally affected and please, receive our honest condfamilies who suffered the most serious tragedy, lost a member of their family.We express our acknowledgements to all of the organisations who directly contributed and contribute to obviate the disaster.The leadership of the company considers it its duty to continuously inform the public opinion on authentic way.

According to our current knowledge not to go before the investigation of the experts of the authorities - the corner of reservoir on the clay-base. At the same time it can be seen on the bird-view photos that the red mud has serious self-supporting effect, sothe first estimations, the 96 98 % of the red mud remained in the reservoir.

The Company started to avert the damage without losing time, together with its greatest strategic partners, after conciliation withauthorities and with organisations with country-wide jurisdiction.The partial cleaning of the road lead to the reservoir is done; the backfilling of reservoir wall has been started to prevent further Dissecting the situation, the management figures that it would not be able to detect the signs of the natural catastrophe or couldanything to avert it. The last physical daily inspection and laboratory analyses of last the water sample from monitoring system dany sign of the disaster.

It is important to know that red mud is not a dangerous waste according to the European Waste Catalogue and Hazardous WasEWC-010309), the presence of its components is stable and bounded; they are not soluble by water.The composition of red mud:

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Fe2O3 (iron-oxide) 40-45 % this gives the red colour of the mud Al2O3 (aluminium oxide) 10-15 % SiO2 (silicon-dioxide) 10-15 % it is present as sodium or calcium-alumino-silicate CaO (calcium-oxide) 6-10 % Tio2 (titanium-dioxide) 4-5 % Na2 O bounded sodium-oxide 5-6 %