Aperam publishes its 'made for life' report for 2023

   Aperam S.A. / Key word(s): Sustainability
   Aperam publishes its 'made for life' report for 2023
   24-Apr-2024 / 17:59 CET/CEST
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   Aperam announces the publication of its Sustainability Report
   2023

   Luxembourg April 24, 2024 (18:00 CET) -  Aperam announces the
   publication of its sustainability performance report for 2023
   called 'made for life'.

   Built on stakeholder inclusiveness and materiality, this report
   follows the '2021 GRI sustainability standard'. It has been
   reviewed by an external audit firm1 to confirm its compliance
   with the GRI protocol, including the reporting of material
   sustainability performance on safety results (LTIFR, TRIR and
   Severity rate)2, and environment results (CO2e and energy
   intensity, water withdrawals, and air emissions), including the
   annual certified carbon removals of our forest.

   Aperam is already recognized as an industry leader in
   sustainability, in particular with the stainless steel sector's
   first ResponsibleSteelTM certification earned in 2021 and
   confirmed in 2023 in Europe, followed by Brazil in 2023. The
   ResponsibleSteelTM  certification covers all the dimensions of
   Social, Environmental and Corporate responsibility including
   Stakeholder Engagement.

   As a CO2e footprint (Scope 1+2) leading company in our market, we
   are proud to present the improvement of our results, from 0.32 in
   2022 to 0.28 tCO2e/tcs3 in 2023, ahead of our 2030 goal and well
   below the sector's average4. This good performance is based on
   Aperam's differentiated value chain with three strategic
   advantages: Firstly, our optimised use of steel scrap in Europe,
   made possible by the integration of the former ELG, now Aperam
   Recycling; secondly, the charcoal that replaces extractive coke
   into our Brazilian Blast Furnaces ; and lastly, the sequestration
   capabilities of our FSC©-certified forestry management.

   The repeat A- rating we received from CDP Climate confirmed the
   consistency of our approach.

   "2023 could have only been a typical, low cycle year but the
   geopolitical tensions, natural disasters and cost of living
   crises resulted in higher costs and sluggish demand for Aperam.

   Agility being one of our key values and sustainability our early
   and long-lasting differentiation strategy, in 2023, we remained
   committed to our social, environmental and societal
   responsibilities. For 2024, we will continue to grow Aperam
   Recycling, BioEnergia and Recyco organically, while looking to
   uncover new sustainable business models".

   Aperam's complete report is available at www.aperam.com under
   section Sustainability > Essentials > Sustainability Reports. It
   is composed of the "made for life report" and the methodology
   supplements, but also three country supplements to be released at
   a later stage.

About Aperam

   Aperam is a global player in stainless, electrical and specialty
   steel and recycling, with customers in over 40 countries. Since
   January 2022, the business has been organised in four primary
   reportable divisions: Stainless & Electrical Steel, Services &
   Solutions, Alloys & Specialties and Recycling & Renewables.

   Aperam has a flat Stainless and Electrical steel capacity of 2.5
   million tonnes in Brazil and Europe and is a leader in high value
   specialty products. In addition to its industrial network, spread
   over six production facilities in Brazil, Belgium and France,
   Aperam has a highly integrated distribution, processing and
   services network and a unique capability to produce low carbon
   footprint stainless and special steels from biomass, stainless
   steel scrap and high performance alloys scrap. With 5 of its main
   6 facilities certified ResponsibleSteelTM, Bioenergia and its
   unique capability to produce charcoal made from its own
   FSC®-certified forestry and, with ELG, a global leader in
   collecting, trading, processing and recycling of stainless steel
   scrap and high performance alloys, Aperam's places sustainability
   at the heart of its business, helping customers worldwide to
   excel in the circular economy.

   In 2023, Aperam had sales of EUR 6,592 million and shipments of
   2.20 million tonnes.

   For further information, please refer to our website at
   www.aperam.com.

Contact

   Company Secretary / Delphine Feraud-Valendru:
   aperam.corporate@aperam.com

   Investor Relations / Thorsten Zimmermann: +352 661 570 250;
   thorsten.zimmermann@aperam.com

   (1)
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(1) PriceWaterhouseCoopers, Société Coopérative (PwC).

   2 Total Recorded Injury (frequency) Rate, Lost-Time Injury
   (frequency) Rate and Severity rates according to the WorldSteel
   definitions (link).

   3 Figures 'all tons', including sequestration (B'', certified
   figure as per our methodology).

   4 The latest WorldStainless's average was 0.83 tCO2e/tcs in 2021,
   according to the Association's 2023 report.

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   Dissemination of a Financial Wire News, transmitted by EQS Group.
   The issuer is solely responsible for the content of this
   announcement.
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1888699 24-Apr-2024 CET/CEST