OREANDA-NEWS. October 6, 2011. Smartora Trading Ltd., a Cypriot company affiliated with the Group DF group of companies, announces that it has increased its ownership of Tifast S.r.l (“Tifast”) to 37.96 percent through a capital increase. Tifast is an Italian titanium and other alloy production company located in San Liberato, Italy.

Commenting on the transaction, Mr. Dmitry Firtash, Chairman of the Board of Group DF, stated: “Tifast is an important strategic investment for the group's rapidly growing titanium division. Our further investment in Tifast will help finance the rolling out of Tifast's investment plans to enhance its technology and product offerings."

NOTE

Founded in 2006, Tifast is a specialised producer of titanium ingots and long span products for use in industrial, aerospace and biomedical sectors. Tifast possesses fully-integrated production facilities incorporating a melting plant, rolling mill, scrap processing area and machine workshop. The Company has its own laboratory, research and development facilities.