GLBM Global SP Regs

RNS Number:5407T
Globe Specialty Metals, Inc
01 May 2008


The following announcement replaces announcement number 4952T released at 07.00
on Thursday 1st May.  This is due to an error in the second paragraph which has
now been corrected.



Globe Specialty Metals, Inc.



Solar grade silicon supply agreement with BP Solar International



1st May 2008

Globe Specialty Metals, Inc. (AIM: GLBM.L) is pleased to announce that its
subsidiaries, Solsil, Inc. ('Solsil") and Globe Metallurgical, Inc. have entered
into an agreement with BP Solar International Inc. (" BP Solar ") The agreement
provides for the sale from Solsil to BP Solar of certain amounts of solar grade
silicon on a take or pay basis which can be doubled at BP Solar's option.
Additionally BP Solar and Solsil will deploy certain existing BP Solar silicon
technology at Solsil's facility and will jointly develop new technology to
enhance Solsil's proprietary upgraded solar silicon metallurgical process.
Solsil expects to expand its capacity by building a new facility where this
technology will be deployed.  Under the terms of the agreement, Solsil and BP
Solar will both contribute towards the costs of the technology development.
Solsil expects to begin shipping under the contract before the end of 2008 with
contracted volumes increasing annually through 2011.  The term of the contract
can be extended through 2014 at the option of BP Solar, also in increasing
volumes.


"We are excited about our new contract with BP Solar," said Alan Kestenbaum,
Chairman and CEO of Globe Specialty Metals, Inc.  "We have the opportunity to
supply to and collaborate with an industry leader for further accelerating
development of our existing metallurgical process technology for the cost
effective production of solar grade silicon.  The contract is consistent with
our goal of continuous quality and process improvement to benefit our
customers."

BP Solar, part of BP Solar Alternative Energy, is a global company with over
2300 employees. BP Solar designs, manufactures and markets products which use
the sun's energy to generate electricity for a wide range of applications in the
residential, commercial and industrial sectors. With over 30 years of experience
and installations in more than 160 countries, BP Solar is one of the world's
leading solar companies having 228MW annual manufacturing capacity in 2007, plus
another 700MW capacity under construction. BP Solar has solar cell and module
manufacturing plants in Sydney, Australia; Bangalore, India; Madrid, Spain; and
Frederick, MD, USA; and module manufacturing in Xi'an, China. In Frederick it
also has casting and wafering facilities.

Globe Specialty Metals, Inc. is a leading global producer of various grades of
Silicon metal and Silicon metal alloys with production and mining facilities in
the United States  in Ohio, West Virginia, Alabama as well as in Brazil and
Argentina. Globe employs over 1,800 people worldwide. Globe's corporate offices
are located in New York, New York USA.



Enquiries:


Tel Contacts:
Daniel J. Krofcheck                                                +212 798 8100

Seema Paterson                                               44 (0) 207 523 8350
Collins Stewart Europe Limited




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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