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Third quarter 2021 results1 – “Third set of record earnings in a row”

Luxembourg, November 12, 2021 (07:00 CET) – Aperam (referred to as “Aperam” or the “Company”) (Amsterdam, Luxembourg,
Paris, Brussels: APAM, NYRS: APEMY), announced today results for the three months ended September 30, 2021.

Highlights
■ Health and Safety: LTI frequency rate of 1.8x in Q3 2021 compared to 2.3x in Q2 2021
■ Steel shipments of 421 thousand tonnes in Q3 2021, 12% decrease compared to steel shipments of 481 thousand
tonnes in Q2 2021
■ Adj EBITDA of EUR 278 million in Q3 2021, compared to EUR 262 million in Q2 2021
■ Net income of EUR 201 million in Q3 2021, compared to EUR 213 million in Q2 2021
■ Basic earnings per share of EUR 2.53 in Q3 2021, compared to EUR 2.67 in Q2 2021
■ Cash flow from operations amounted to EUR 110 million in Q3 2021, compared to EUR 115 million in Q2 2021
■ Free cash flow before dividend and share buy-back of EUR 90 million in Q3 2021, compared to EUR 87 million in Q2
2021
■ Net financial debt of EUR 59 million as of September 30, 2021, compared to EUR 1 million as of June 30, 2021

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