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Globe Specialty Metals Schedules Third Quarter Fiscal 2012 Earnings Investor Call for May 7, 2012

NEW YORK, May 1, 2012 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (Nasdaq:GSM) ("GSM") announced today that it will report third quarter fiscal 2012 financial results and will discuss GSM's business outlook on Monday, May 7, 2012. GSM invites all interested persons to participate on its conference call at 9:00 a.m., Eastern Time. The dial-in number for the call is 877-293-5491. International callers should dial 914-495-8526. Please dial in at least five minutes prior to the call to register. The call may also be accessed via an audio webcast available on the GSM website at http://investor.glbsm.com/events.cfm. Click on the May 7, 2012 Conference Call link to access the call.

Date: May 7, 2012
Time: 9:00 AM ET

Listen via Internet: http://investor.glbsm.com/

Schedule this webcast into MS-Outlook calendar (click open when prompted):
http://apps.shareholder.com/PNWOutlook/t.aspx?m=53548&k=61B6360B
 

Toll-free: 877-293-5491
International: 914-495-8526

Globe Specialty Metals (www.glbsm.com) is one of the world's largest producers of silicon metal and silicon-based specialty alloys, critical ingredients in a host of industrial and consumer products with growing markets. Customers include major silicone, chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. In addition to the Alabama and New York plants, Globe has U.S. manufacturing facilities in Ohio and West Virginia and overseas, plants in Poland, Argentina and China. The Company is headquartered in New York, NY.

This release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the current expectations and assumptions of Globe Specialty Metals, Inc. (the "Company") regarding its business, financial condition, the economy and other future conditions.

Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward-looking statements. The Company cautions you therefore that you should not rely on any of these forward-looking statements as statements of historical fact or as guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions including, among others, changes in metals prices; increases in the cost of raw materials or energy; competition in the metals and foundry industries; environmental and regulatory risks; ability to identify liabilities associated with acquired properties prior to their acquisition; ability to manage price and operational risks including industrial accidents and natural disasters; ability to manage foreign operations; changes in technology; and ability to acquire or renew permits and approvals.

Any forward-looking statement made by the Company or management in this release speaks only as of the date on which it or they make it. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, unless otherwise required to do so under the law or the rules of the NASDAQ Global Market.

CONTACT: Globe Specialty Metals, Inc.
         Malcolm Appelbaum (Chief Financial Officer)
         212-798-8123
         mappelbaum@glbsm.com

         Globe Specialty Metals, Inc.
         Jeff Bradley (Chief Executive Officer)
         212-798-8122
         jbradley@glbsm.com
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