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Globe Specialty Metals, Inc. to Make Dividend Payments

NEW YORK, Nov. 27, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of Globe Specialty Metals, Inc. (Nasdaq:GSM) approved a change in the payment date of the Company's previously announced annual quarterly dividend. As a result, it shall pay to the holders of record as of December 17, 2012 in the amount of $.125 per share on December 28, 2012.

Globe Specialty Metals, Inc. is among 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, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, and concrete producers. The Company is headquartered in New York City. For further information please visit our web site at www.glbsm.com.

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.comSource:Globe Specialty Metals