Mack, Chairman and CEO, said, “Morgan Stanley delivered improvedperformance across many of our businesses this quarter – including in investmentbanking, where we were the #1 adviser in global announced M&A, and saw stronggains in both equity and debt underwriting. We also saw improvements from theprior quarter in prime brokerage, cash equities as well as in investment gradeand distressed debt trading; and we had solid results in wealth management. (MUFG) announced aseries of initiatives to further strengthen their strategic alliance, includingthe formation of a loan marketing joint venture for the Americas and a referralagreement for commodities transactions outside Japan.John J. * Asset Management results reflect losses in the Merchant Banking business,primarily driven by real estate, which were partly offset by profitable resultsin the Core business.5* Firm results reflect net losses on investments in real estate of $0.7 billion,amidst the industry-wide decline in this market.6* Morgan Stanley and Mitsubishi UFJ Financial Group, Inc. Resultsalso reflect lower net revenues in derivatives and the cash businesses,including prime brokerage. * Morgan Stanley closed on its joint venture, MSSB, during the quarter -creating a new global leader in wealth management with 18,444 globalrepresentatives and $1,420 billion in client assets.

The Company expects to resume production of UMSi on theidled purification lines once demand recovers.”Our shipments in the quarter and our decision to reduce productionlevels until demand recovers reflect the difficult market conditions inthe current solar industry,” stated John Fenger, President and ChiefOperating Officer of Timminco. “In this challenging environment, we willcontinue to prudently manage our costs and preserve capital whilepreparing for an eventual recovery of the solar market.”About TimmincoTimminco produces solar grade silicon for the solar photovoltaic energyindustry. Using its proprietary, patent pending technology, Timmincopurifies silicon metal into solar grade silicon (also known as upgradedmetallurgical silicon) for use in the manufacture of solar cells.Timminco also produces silicon metal, for use in a broad range ofindustrial applications serving the aluminum, chemical, pharmaceutical,electronics and automotive industries.CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATIONThis news release contains “forward-looking information”, as such term isdefined in applicable Canadian securities legislation, concerningTimminco’s future financial or operating performance and other statementsthat express management’s expectations or estimates of futuredevelopments, circumstances or results. Generally, forward-lookinginformation can be identified by the use of forward-looking terminologysuch as “expects”, “believes”, “anticipates”, “budget”, “scheduled”,”estimates”, “forecasts”, “intends”, “plans” and variations of such wordsand phrases, or by statements that certain actions, events or results”may”, “will”, “could”, “would” or “might” “be taken”, “occur” or “beachieved”. In this news release, such information includes statementsregarding: demand for and production of UMSi, and preservation of workingcapital and cost savings. Forward-looking information is based on anumber of assumptions and estimates that, while considered reasonable bymanagement based on the business and markets in which Timminco operates,are inherently subject to significant operational, economic andcompetitive uncertainties and contingencies.

These factors are discussed in greater detail inTimminco’s Annual Information Form for the year ended December 31, 2008,and Timminco’s most recent Management’s Discussion and Analysis, each ofwhich is available via the SEDAR website at AlthoughTimminco has attempted to identify important factors that could causeactual results, performance or achievements to differ materially fromthose contained in forward-looking information, there can be otherfactors that cause results, performance or achievements not to be asanticipated, estimated or intended. There can be no assurance that suchinformation will prove to be accurate or that management’s expectationsor estimates of future developments, circumstances or results willmaterialize. Accordingly, readers should not place undue reliance onforward-looking information. The forward-looking information in this newsrelease is made as of the date of this news release and Timmincodisclaims any intention or obligation to update or revise suchinformation, except as required by applicable law.Sedar File Profile #00000838Contacts:Timminco LimitedRobert DietrichExecutive Vice President – Finance and CFO(416) 364-5171(416) 364-3451 (FAX)The Equicom Group Inc.Lawrence Chamberlain(416) 815-0700 ext. 257(416) 815-0080 (FAX)Copyright 2009, Market Wire, All rights reserved.-0-. WASHINGTON (Reuters) – Iraqi Prime Minister Nuri al-Maliki meets U.S.

President Barack Obama on Wednesday during a trip to the United States to boost economic cooperation and encourage foreign investors to return to Iraq. forces withdrew from Iraqi cities and towns last month as part of Obama’s plan to pull out all U.S troops from Iraq by the end of 2011 U.S. soldiers now operate from bases on the outskirts of cities and are subject to Iraqi restrictions on their movements This has riled some in the U.S. military, but the Obama administration has sought to play down any suggestion of tensions, saying the problems are being worked through.After weathering a Sunni Arab-led insurgency against U.S.

forces and later a wave of sectarian violence that pitted majority Shi’ite Muslims against minority Sunnis, Iraq has entered a period of relative stability.But Iraq experts fear that a territorial dispute between Iraq’s Kurds and the Arab-led government in Baghdad over the oil-rich city of Kirkuk may trigger a new conflict that could unravel recent security gains.WHAT DOES MALIKI HOPE TO ACHIEVE?Maliki will use his trip to the United States to assert Iraq’s sovereignty. He wants to normalize relations with Washington and shift the emphasis away from security. The Obama administration is similarly minded.The main aim of his trip is to persuade investors that Iraq is stable enough for them to return and he is due to attend an investment conference. Iraq needs money to rebuild after years of war and improve basic services like water and electricity for its 28 million people.”Maliki’s message to Obama will be that Iraq is still important, that you have to continue to take Iraq seriously. That not only means fighting al Qaeda but also developing a network of collaboration that goes far beyond the military relationship,” said Daniel Serwer, vice president of peace and stability operations at the United States Institute of Peace.Maliki will also lobby hard for the lifting of Iraq’s Chapter 7 status when he meets United Nations Secretary-General Ban Ki-moon in New York on Wednesday.WHAT IS CHAPTER 7?Under a U.N. Security Council “Chapter 7″ resolution from 1991, Iraq is required to pay a specific percentage of its oil revenues to several countries as war reparations for the 1991 Gulf war, most of which goes to Kuwait. Baghdad’s government views the size of the payments, 5 percent of its oil revenues, as an unfair burden created by former Iraqi ruler Saddam Hussein, and would like them reduced.To achieve this, Iraq would like its Chapter 7 status lifted, so it can renegotiate its reparation payments.