GOLD SILVER PLATINUM PALLADIUM RHODIUM RUTHENIUM IRIDIUM



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GOLD SILVER PLATINUM PALLADIUM RHODIUM RUTHENIUM IRIDIUM Global Precious Metals Trading

Precious Tradition

Bonding wires made of gold In 1856 Wilhelm Carl Heraeus, a pharmacist and chemist, was the first to melt platinum on a large scale. The revolutionary process brought with it a new era in the precious metal industry and laid the foundation of the present Heraeus Group. Since then, Heraeus has continued its tradition of innovation, transforming metal technologies into viable industrial processes while establishing itself as a world leader in the development of technical applications for precious and special metals. Today, Heraeus is regarded as one of the most innovative international high-tech companies providing global key markets with a broad range of Heraeus products. Over many decades, Heraeus has developed a reputation as an expert in precious metal markets. The foundation for Heraeus success is an in-depth knowledge and around-the-clock monitoring of global macro-economic conditions that affect precious metal prices. With trading offices in each major time zone, we are able to offer a 24-hour service for all precious metals. The global Trading Division comprises four trading entities: Heraeus Metallhandelsgesellschaft mbh, Hanau (HMG) Heraeus Metals New York LLC (HMN) Heraeus Metals Hong Kong Ltd. (HMH) Heraeus Metals (Shanghai) Co. Ltd. (HMS) Precious metals are used in many different applications because of their unique technical, chemical and thermal properties. At one time, precious metals were the currency of the world. Now they are frequently treated as financial products that are traded globally without borders or time limits. Hong Kong 6 pm

Precious Know-How Our professionals make the difference With highly experienced market professionals, we ensure a substantial contribution to the success of our customers. We assist them in keeping costs under control and in making the best use of their resources, in other words, maximizing performance while minimizing risk. Our traders pride themselves on placing the needs of our customers first. By leveraging a unique combination of industrial and financial market knowledge, our global trading team is well positioned to ensure that those needs are met. You can rely on Heraeus connections As a global player in the field of precious metals, we are closely connected to the major market participants such as mining firms, industrial users, traders, financial institutions and investors. Our well-established supply relationships with primary producers of precious metals build the foundation for a sustainable sourcing of raw materials. In addition, we have access to metals from secondary sources as a result of the extensive refining activities of the Heraeus Group. In times when supplies are short and prices become extremely volatile, this is a valuable cornerstone of our success. Our industrial clients represent a wide range of industries using precious metals in various forms. They include: Electronics industry Semiconductor industry Automotive and vehicle industry Glass and photovoltaic industry Chemical and petrochemical industry Pharmaceutical, medical & dental industry Jewellery industry Heraeus is an active member of all important industry and trade organizations involved with precious metals: International Platinum Group Metals Association (IPA) London Bullion Market Association (LBMA) London Platinum & Palladium Market (LPPM) International Precious Metals Institute (IPMI) Fachvereinigung Edelmetalle (German Precious Metals Association) Silver Users Association (SUA) Palladium coated catalyst

Shanghai 6 pm

Precious Trading Assisting our clients in the management of their precious metals requirements is not just a simple matter of buying and selling raw material. Our extensive product range and comprehensive service guarantees flawless and timely performance. Heraeus provides individual hedging strategies and offers a broad range of services to ensure that our customers feel confident while trading in a complex environment: Weight accounts Customers who buy precious metals have the option to hold their metals, free of charge, on metal weight accounts. Transfers to other weight accounts can be executed at any time. Authorized clients have access to their weight account balances through an internet-based application. We offer our clients the option to buy or sell the precious metals at any time from these accounts based on the prevailing market prices. Swaps and loans In connection with product or refining business at Heraeus, we offer our customers the ability to bridge temporary metal account deficits through the use of swaps or loans in order to provide precious metals liquidity. Forward trades Our customers are able to secure a future supply of precious metals by executing a forward trade. This particular transaction protects against the uncertainty of future price movements for a defined period of time. Once that period of time ends, the metal can be delivered physically or the transaction may be settled financially. only be exercised if conditions are beneficial to the customer at the time of expiration. Standing orders Standing orders are a convenient solution for our customers who wish to spend more time focusing on their business than watching the markets. Our traders monitor precious metal markets 24-hours a day and will execute customer standing orders when the target price is reached. Worldwide transfers Our infrastructure is designed to provide customers with a seamless metal management experience. Precious metals can be transferred via weight accounts to a designated fabricator anywhere around the world, eliminating costs associated with physical shipments. Electronic trading platform Authorized clients have access to an internet-based trading platform with live pricing for all precious metals, allowing execution of transactions at prevailing market prices. Through our international network we offer customers and trading partners settlement of trades on unallocated accounts loco London and loco Zurich. Physical delivery Our services for physical transactions include the arrangement of transportation, insurance and, if required, the necessary customs processing. Options Options provide an alternative method of protection against disadvantageous price movements while also offering the ability to benefit from favorable price movements. An option gives the right, but not the obligation, to buy or sell the underlying precious metal at a fixed price at the end of a specified term. The option would

Hanau / Frankfurt 12 noon

Precious Forms

Solar panel with silver coating Platinum coated computer hard disk In addition to the standard deliverable forms, which are traded in the international bullion markets, we provide our customers with metals of various grades and specifications. Gold Good delivery bars Investment bars 1 g, 5 g, 10 g, 20 g, 1 oz, 50 g, 100 g, 250 g, 1,000 g (99.99 % and 99.50 %) Kinebar 99.99 % 1 g, 2 g, 5 g, 10 g, 20 g, 1 oz Granules 99.99 % Tael bars Silver Good delivery bars Investment bars 1 oz, 100 g, 250 g, 500 g, 1,000 g, 5,000 g, 15,000 g Granules 99.9 %, 99.95 % and 99.99 % Platinum Good delivery bars Investment bars 1 oz, 100 g, 500 g, 1,000 g Sponge Plates Palladium Good delivery bars Investment bars 1 oz, 100 g, 500 g, 1,000 g Sponge Plates Rhodium, Iridium, Ruthenium Sponge and powder New York 6 am

Precious Advice As part of our customer oriented approach that is based on transparency, Heraeus prides itself on providing timely market analysis and research to help our customers make informed decisions. New York Our analysis and research activities include: The Heraeus Morning Commentary, a daily report highlighting important global economic developments affecting precious metal prices, published in English. Subscription is available by contacting your sales representative. The Precious Metals Update, a weekly recap of important events and trends in the precious metals market, published in German, English and Chinese. Subscription is available by contacting your sales representative. Individual market surveys of specific precious metals or topics on request. Statistical data for use in conducting customer driven market surveys. We invite you to visit our website for access to the latest information regarding precious metals, including market news, fundamental, technical and historical data as well as current market quotes. www.heraeus-trading.com www.heraeus-edelmetallhandel.de Heraeus Metals New York LLC New York, USA Heraeus Metallhandelsgesellschaft mbh Hanau, Germany

Hanau Shanghai Hong Kong Heraeus Metals (Shanghai) Co. Ltd. Shanghai, PR China Heraeus Metals Hong Kong Ltd. Hunghom, Kowloon, Hong Kong

The data given here is correct as of October 2012. We reserve the right to make technical alterations. E 2M8C 10.2012/N Reu, Printed in Germany, Layout: Lunis, Wiesbaden Heraeus Heraeus Metals New York LLC Heraeus Metals Hong Kong Ltd. Heraeus Metals (Shanghai) Co. Ltd. Metallhandelsgesellschaft mbh 540 Madison Avenue Room 2111-2113 1 Guang Zhong Road Heraeusstr. 12 14 New York, NY 10022, USA Peninsula Square Zhuanqiao Town Minhang District 63450 Hanau, Germany Phone +1 212 752 2180 18 Sung On Street 201108 Shanghai, China Phone +49 6181 35 2750 Fax +1 212 752 7141 Hunghom, Kowloon, Hong Kong Phone +86 21 3357 5679 Fax +49 6181 35 9444 tradingny@heraeus.com Phone +852 2773 1733 Fax +86 21 3357 5210 tradinghu@heraeus.com Fax +852 2773 1090 tradingsh@heraeus.com tradinghk@heraeus.com