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| (Mark One) |   |                                                                                                                                                     |
|------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| þ     |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                |
|       |   |  For the fiscal year ended June 30, 2012                                                                                                       |
| OR         |
| o          |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                            |
|       |   | For the transition period from          to           |

| Delaware                                                      | 20-2055624                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

|   |                                       |   |                                      |   |
|--------|--------------------------------------------|--------|-------------------------------------------|--------|
|   | Title of Each Class                        |   | Name of Each Exchange on Which Registered |   |
|   |  Common stock, $0.0001 par value |   | The NASDAQ Global Select Market           |   |

| Large accelerated filer  þ |   |      Accelerated filer  o |   | Non-accelerated filer  o |   | Smaller reporting company  o |
|--------------------------------------|--------|---------------------------------------------------------|--------|-------------------------------|--------|---------------------------------------------|

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| Item 8.    | Financial Statements and Supplementary Data |
|---------------------------|---------------------------------------------|

The

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| Item 15.    | Exhibits and Financial Statement Schedules |
|----------------------------|--------------------------------------------|

| (1)   | Financial Statements |
|-----------------|----------------------|

|                                                                                                                    |   |   | Page |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|--------|------|--------|
| Reports of Independent Registered Public Accounting Firm                                                                |   |   | 1    |   |
| Consolidated Balance Sheets at June 30, 2012 and 2011                                                              |   |   | 3    |   |
| Consolidated Statements of Income for the years ended June 30, 2012, 2011, and 2010                                |   |   | 4    |   |
| Consolidated Statements of Changes in Stockholders’ Equity for the years ended June 30, 2012, 2011, and 2010 |   |   | 5    |   |
| Consolidated Statements of Cash Flows for the years ended June 30, 2012, 2011, and 2010                            |   |   | 6    |   |
| Notes to Consolidated Financial Statements                                                                              |   |   | 7    |   |

| (2)   | Financial Statement Schedules |
|-----------------|-------------------------------|

| (3)   | Exhibits |
|-----------------|----------|

|  Exhibit |   |                          |
|---------------|--------|-------------------------------|
|  Number  |   |  Description of Document |
| 2             | .1     |                          | Purchase and Sale Agreement dated as of March 26, 2010, by and among Globe Metals Enterprises, Inc., Core Metals Group Holdings LLC and each of the Sellers named therein (6) |
| 2             | .2     |                          | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Alden Resources Inc. (7) |
| 2             | .3     |                          | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Gatliff Services, Inc. (7) |
| 2             | .4     |                          | Purchase Agreement dated May 27, 2011 by and among NGP Capital Resources Company, Globe BG, LLC and Globe Specialty Metals, Inc. regarding The Overriding Royalty Interests (7) |
| 2             | .5     |                          | Agreement of Purchase and Sale dated as of April 25, 2012 by and among Becancour Silicon Inc., Timminco Ltd., QSI Partners Ltd., and Globe Specialty Metals, Inc. (14)  |
|          |   |                          | Articles of Incorporation and Bylaws |
| 3             | .1     |                          | Amended and Restated Certificate of Incorporation (1) |
| 3             | .2     |                          | Certificate of Amendment to the Amended and Restated Certificate of Incorporation (1) |
| 3             | .3     |                          | Amended and Restated Bylaws (2)  |
|          |   |                          | Instruments Defining the Rights of Security Holders, Including Indentures |
| 4             | .1     |                          | Third Amended and Restated Credit Agreement dated as of March 30, 2011, by and among GMI, Tennessee Alloys Company LLC, and GSM Sales, Inc., as borrowers, Alabama Sand and Gravel, Inc. and Laurel Ford Resources, Inc., as subsidiary guarantors, GSM, as Parent, the lender parties thereto, and Societe Generale, as Administrative Agent, Issuing Bank, Swingline Lender and Collateral Agent and SG Americas Securities LLC, as Sole Arranger (3) |
| 4             | .2     |                          | Term Loan Agreement, dated July 28, 2011, by and among GBG Holdings, LLC, Globe Specialty Metals, Inc., GSM Enterprises LLC, the Lenders from time to time party thereto, and BNP Paribas, as administrative agent, collateral agent, sole lead arranger and sole bookrunner (13) |
| 4             | .3     |                          | Credit Agreement, dated as of May 31, 2012, among the Company, certain subsidiaries of the Company from time to time party thereto, Fifth Third Bank as Administrative Agent and L/C issuer, Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Lead Arranger and Joint Book Runner, Bank of America, N.A., KeyBank National Association, Sovereign Bank, N.A., and  Wells Fargo Bank, N.A., as Co-Syndication Agents, and BBVA Compass Bank,  Citibank, N.A., Citizens Bank Of Pennsylvania, HSBC Bank USA N.A., and PNC Bank, National Association, as  Co-Documentation Agents, and the other lenders party thereto. (5) |
|          |   |                          | We are a party to other instruments defining the rights of holders of long-term debt. No such instrument authorizes an amount of securities in excess of 10 percent of the total assets of the company and its subsidiaries on a consolidated basis. We agree to furnish a copy of each such instrument to the Commission on request.  |
|          |   |                          | Material Contracts |
| 10            | .1     |                          | Output and Supply Agreement, dated as of October 1, 2010, by and among Quebec Silicon Limited Partnership, Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC) and Dow Corning Corporation. (14) |
| 10            | .2     |                          | Shareholders Agreement between all the Shareholders of Quebec Silicon General Partner Inc., dated as of October 1, 2010, by and among Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC), Dow Corning Netherlands, B.V., and Quebec Silicon General Partner Inc. (14) |
| 10            | .3     |                          | Amended and Restated Limited Partnership Agreement dated as of October 1, 2010, by and among Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC), Dow Corning Canada, Inc., and Quebec Silicon General Partner Inc. (14)  |
|          |   |                          | Management Contracts and Compensatory Plans |
| 10            | .6     |                          | 2006 Employee, Director and Consultant Stock Option Plan (1) |
| 10            | .7     |                          | Amendments to 2006 Employee, Director and Consultant Stock Option Plan (8) |
| 10            | .8     |                          | 2010 Annual Executive Bonus Plan (9) |
| 10            | .9     |                          | Chief Financial Officer and Chief Legal Officer Annual Bonus Plan (10) |
| 10            | .10    |                          | Framework for the 2011 Annual Executive Long Term Incentive Plan (11) |
| 10            | .11    |                          | Employment Agreement, dated January 27, 2011, between GSM and Alan Kestenbaum (11) |
| 10            | .12    |                          | Employment Agreement, dated July 5, 2011, between GSM and Jeff Bradley (12) |
| 10            | .13    |                          | Employment Agreement, dated November 30, 2011, between GSM and Malcolm Appelbaum (4) |
| 10            | .14    |                          | Employment Agreement, dated June 20, 2008, between GSM and Stephen Lebowitz (1) |
| 10            | .15    |                          | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Stephen Lebowitz (8) |
| 10            | .16    |                          | Executive Deferred Compensation Plan (4) |
| 10            | .17    |                          | Director Deferred Compensation Plan (4) |
|          |   |                          |   |
| 21            | .1     |                          | Subsidiaries (14) |
|          |   |                          |   |
| 23            | .1     |                          | Consent of KPMG LLP † |
|          |   |                          |   |
| 31            | .1     |                          | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 † |
| 31            | .2     |                          | Certification of the Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 † |
| 32            | .1     |                          | Certification of the Principal Executive Officers and Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 † |
|          |   |                          |   |
| 95            |   |                          | Mine Safety Disclosure (14) |
|          |   |                          |   |
| 101           |   |                          | The following materials from our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 formatted in eXtensible Business Reporting Language (“XBRL”): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Income, (iii) the Condensed Consolidated Statements of Changes in Stockholders’ Equity, (iv) the Condensed Consolidated Statements of Cash Flows, and (v) notes to these consolidated financial statements. * |

| † | Filed herewith.                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *       | Previously filed with the Annual Report on Form 10-K for the year ended June 30, 2012, filed with the Securities and Exchange Commission on August 27, 2012, which is being amended hereby.                      |
| 1       | Incorporated by reference to the exhibit with the same designation filed with the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on July 25, 2008.                       |
| 2       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 1 to the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on November 4, 2008. |
| 3       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on April 5, 2011.                                                                                                                     |
| 4       | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on February 8, 2012.                                                                                                                 |
| 5       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on June 6, 2012.                                                                                                                      |
| 6       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on April 1, 2010.                                                                                                                     |
| 7       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on June 3, 2011.                                                                                                                      |
| 8       | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on February 11, 2011.                                                                                                                |
| 9       | Incorporated by reference to exhibit to the Company’s Form 10-K filed on September 28, 2010.                                                                                                               |
| 10      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on November 12, 2010.                                                                                                                |
| 11      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on May 12, 2011.                                                                                                                     |
| 12      | Incorporated by reference to exhibit to the Company’s Form 10-K filed on August 26, 2011.                                                                                                                  |
| 13      | Incorporated by reference to exhibit to the Company’s Form 8-K filed on August 2, 2011.                                                                                                                    |
| 14      | Incorporated by reference to exhibit to the Company’s Form 10-K filed on August 27, 2012.                                                                                                                  |

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SIGNATURES

|   | Globe Specialty Metals, Inc. (Registrant) |                                     |
|--------|-------------------------------------------|------------------------------------------|
|   |                                      |                                     |   |
|   | By:                                       | /s/  Malcolm Appelbaum         |   |
|   |                                      | Malcolm AppelbaumChief Financial Officer |   |

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| GLOBE SPECIALTY METALS, INC. AND SUBSIDIARY COMPANIES                                       |
|---------------------------------------------------------------------------------------------|
|                                                                                        |
| Consolidated Balance Sheets                                                                 |
| June 30, 2012 and 2011                                                                      |
| (In thousands, except share and per share amounts)                                          |
|                                                                                        |   |   |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   | 2012 |   | 2011 |
| ASSETS                                                                                      |
| Current assets:                                                                             |   |   |   |   |   |
|                                                                                        | Cash and cash equivalents |   | $ |  178,010   |   |  166,208   |
|                                                                                        | Accounts receivable, net of allowance for doubtful accounts of $955 |   |   |   |   |
|                                                                                        |   | and $715 at June 30, 2012 and 2011, respectively |   |  85,258   |     |  60,871   |
|                                                                                        | Inventories |   |   |  119,441   |   |  109,292   |
|                                                                                        | Prepaid expenses and other current assets |   |  27,915   |     |  27,876   |
|                                                                                        |   |   | Total current assets |   |   |  410,624   |   |  364,247   |
| Property, plant, and equipment, net of accumulated depreciation, depletion and amortization |   |  432,761   |   |  229,977   |
| Goodwill                                                                                    |   |   |   |  56,740   |   |  53,503   |
| Other intangible assets                                                                     |   |   |  477   |   |  477   |
| Investments in unconsolidated affiliates                                                    |   |  9,217   |     |  8,640   |
| Deferred tax assets                                                                         |   |   |  200   |   |  217   |
| Other assets                                                                                |   |   |  26,728   |   |  21,208   |
|                                                                                        |   |   | Total assets |   | $ |  936,747   |   |  678,269   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                  |
| Current liabilities:                                                                        |   |   |   |   |   |
|                                                                                        | Accounts payable |   | $ |  52,005   |   |  39,947   |
|                                                                                        | Short-term debt |   |   |  317   |   |  1,094   |
|                                                                                        | Revolving credit agreements |   |  9,000   |   |  12,000   |
|                                                                                        | Accrued expenses and other current liabilities |   |  40,602   |   |  34,475   |
|                                                                                        |   |   | Total current liabilities |   |  101,924   |   |  87,516   |
| Long-term liabilities:                                                                      |   |   |   |   |   |
|                                                                                        | Revolving credit agreements |   |  131,386   |   |  34,989   |
|                                                                                        | Deferred tax liabilities |   |   |  28,835   |   |  23,264   |
|                                                                                        | Other long-term liabilities |   |   |  70,803   |   |  17,224   |
|                                                                                        |   |   | Total liabilities |   |   |  332,948   |   |  162,993   |
| Commitments and contingencies (note 15)                                                     |   |   |   |   |
| Stockholders’ equity:                                                                 |   |   |   |   |   |
|                                                                                        | Common stock, $0.0001 par value. Authorized, 150,000,000 shares; issued, 75,331,310 |   |   |   |   |
|                                                                                        |   | and 75,289,614 shares at June 30, 2012 and 2011, respectively |   |  8   |   |  8   |
|                                                                                        | Additional paid-in capital |   |   |  405,675   |   |  399,900   |
|                                                                                        | Retained earnings |   |   |  119,863   |   |  80,300   |
|                                                                                        | Accumulated other comprehensive income (loss): |   |   |   |   |
|                                                                                        |   | Foreign currency translation adjustment |   |  1,256   |   |  937   |
|                                                                                        |   | Pension liability adjustment, net of tax |   |  (8,058)   |   |  (3,933)   |
|                                                                                        |   | Unrealized gain on available for sale securities, net of tax |   |  (38)   |   |  1   |
|                                                                                        |   |   | Total accumulated other comprehensive loss |   |  (6,840)   |   |  (2,995)   |
|                                                                                        | Treasury stock at cost, 282,437 shares at  June 30, 2012 and 2011 |   |  (4)   |   |  (4)   |
|                                                                                        |   |   | Total Globe Specialty Metals, Inc. stockholders’ equity |   |  518,702   |   |  477,209   |
|                                                                                        | Noncontrolling interest |   |   |  85,097   |      |  38,067   |
|                                                                                        |   |   | Total stockholders’ equity |   |  603,799   |   |  515,276   |
|                                                                                        |   |   | Total liabilities and stockholders’ equity | $ |  936,747   |   |  678,269   |
|                                                                                        |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                |

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| GLOBE SPECIALTY METALS, INC. AND SUBSIDIARY COMPANIES        |
|--------------------------------------------------------------|
|                                                         |
| Consolidated Statements of Income                            |
| Years ended June 30, 2012, 2011, and 2010                    |
| (In thousands, except per share amounts)                     |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   | 2012 |   | 2011 |   | 2010 |
| Net sales                                                    |   |   |   | $ | 705,544     |   | 641,863     |   | 472,658     |
| Cost of goods sold                                           |   | 552,873     |   | 488,018     |   | 390,093     |
| Selling, general, and administrative expenses                |   | 61,623     |   | 54,739     |   | 47,875     |
| Research and development                                     |   | 127     |   | 87     |   | 200     |
| Business interruption insurance recovery                     |   | (450)    |   | —     |   | —     |
| Restructuring charges                                        |   | —     |   | —     |   | (81)    |
| (Gain) loss on sale of business                              |   | (54)    |   | 4,249     |   | (19,715)    |
|                                                         |   | Operating income |   | 91,425     |   | 94,770     |   | 54,286     |
| Other income (expense):                                      |   |   |   |   |   |   |
|                                                         | Interest income |   | 243     |   | 214     |   | 318     |
|                                                         | Interest expense, net of capitalized interest |   | (7,610)    |   | (3,198)    |   | (4,372)    |
|                                                         | Foreign exchange gain (loss) |   | 1,191     |   | (390)    |   | 3,811     |
|                                                         | Other income |   | 1,387     |   | 1,318     |   | 764     |
|                                                         |   | Income before provision for income taxes |   | 86,636     |   | 92,714     |   | 54,807     |
| Provision for income taxes                                   |   | 28,760     |   | 35,988     |   | 20,539     |
|                                                         |   | Net income |   | 57,876     |   | 56,726     |   | 34,268     |
| Income attributable to noncontrolling interest, net of tax   |   | (3,306)    |   | (3,918)    |   | (167)    |
|                                                         |   | Net income attributable to Globe Specialty Metals, Inc. | $ | 54,570     |   | 52,808     |   | 34,101     |
| Weighted average shares outstanding:                         |   |   |   |   |   |   |
|                                                         | Basic |   |   |   |   | 75,039     |   | 74,925     |   | 73,512     |
|                                                         | Diluted |   |   |   | 76,624     |   | 76,624     |   | 74,770     |
| Earnings per common share:                                   |   |   |   |   |   |   |
|                                                         | Basic |   |   |   | $ | 0.73     |   | 0.70     |   | 0.46     |
|                                                         | Diluted |   |   |   | 0.71     |   | 0.69     |   | 0.46     |
| Cash dividends declared per common share                     |   | 0.20     |   | 0.15     |   | —     |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements. |

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| GLOBE SPECIALTY METALS, INC. AND SUBSIDIARY COMPANIES            |
|------------------------------------------------------------------|
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated Statements of Changes in Stockholders’ Equity |
| Years ended June 30, 2012, 2011, and 2010                        |
| (In thousands)                                                   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   | Globe Specialty Metals, Inc. Stockholders’ Equity |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |   |   | Additional |   |   |   | Other |   | Treasury |   |   |   |   |   | Total |
|                                                             |   |   |   |   |   |   | Common Stock |   | Paid-In |   | Retained |   | Comprehensive |   | Stock |   | Noncontrolling |   | Comprehensive |   | Stockholders’ |
|                                                             |   |   |   |   |   |   | Shares |   | Amount |   | Capital |   | Earnings |   | (Loss) Income |   | at Cost |   | Interest |   | Income (Loss) |   | Equity |
| Balance at June 30, 2009                                    | 66,944    | $ | 7    |   | 303,364    |   | 4,660    |   | (3,644)   |   | (4)   |   | 6,969    |   | (48,525)   |   | 311,352    |
| Warrants exercised                                          | 257    |   | —     |   | 1,287    |   | —     |   | —     |   | —     |   | —     |   |   |   | 1,287    |
| UPOs exercised                                              | 1,519    |   | —     |   | 210    |   | —     |   | —     |   | —     |   | —     |   |   |   | 210    |
| Share-based compensation                                         | 3    |   | —     |   | 5,712    |   | —     |   | —     |   | —     |   | —     |   |   |   | 5,712    |
| Stock option exercises                                      | 99    |   | —     |   | 616    |   | —     |   | —     |   | —     |   | —     |   |   |   | 616    |
| Stock issuance                                              | 5,600    |   | —     |   | 34,768    |   | —     |   | —     |   | —     |   | —     |   |   |   | 34,768    |
| Sale of noncontrolling interest                                  | —     |   | —     |   | 44,397    |   | —     |   | —     |   | —     |   | 27,012    |   |   |   | 71,409    |
| Realized gain on available-for-sale securities                   | —     |   | —     |   | —     |   | —     |   | (10)   |   | —     |   | —     |   |   |   | (10)   |
| Comprehensive income (loss):                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             | Foreign currency translation adjustment | —     |   | —     |   | —     |   | —     |   | 64    |   | —     |   | 1    |   | 65    |   | 65    |
|                                                             | Pension liability adjustment (net of income |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | tax benefit of $551) | —     |   | —     |   | —     |   | —     |   | (851)   |   | —     |   | —     |   | (851)   |   | (851)   |
|                                                             | Unrealized gain on available-for-sale securities |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | (net of provision for income taxes of $1) | —     |   | —     |   | —     |   | —     |   | 3    |   | —     |   | —     |   | 3    |   | 3    |
|                                                             | Net income  | —     |   | —     |   | —     |   | 34,101    |   | —     |   | —     |   | 167    |   | 34,268    |   | 34,268    |
|                                                             |   |   | Total comprehensive income |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 33,485    |   | 33,485    |
| Balance at June 30, 2010                                    | 74,422    |   | 7    |   | 390,354    |   | 38,761    |   | (4,438)   |   | (4)   |   | 34,149    |   |   |   | 458,829    |
| Share-based compensation                                         | 4    |   | —     |   | 4,332    |   | —     |   | —     |   | —     |   | —     |   |   |   | 4,332    |
| Stock option exercises                                      | 864    |   | 1    |   | 5,214    |   | —     |   | —     |   | —     |   | —     |   |   |   | 5,215    |
| Cash dividend declared                                      | —     |   | —     |   | —     |   | (11,269)   |   | —     |   | —     |   | —     |   |   |   | (11,269)   |
| Comprehensive income:                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             | Foreign currency translation adjustment | —     |   | —     |   | —     |   | —     |   | 795    |   | —     |   | —     |   | 795    |   | 795    |
|                                                             | Pension liability adjustment (net of income |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | tax benefit of $419) | —     |   | —     |   | —     |   | —     |   | 647    |   | —     |   | —     |   | 647    |   | 647    |
|                                                             | Unrealized gain on available-for-sale securities |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | (net of provision for income taxes of $0) | —     |   | —     |   | —     |   | —     |   | 1    |   | —     |   | —     |   | 1    |   | 1    |
|                                                             | Net income  | —     |   | —     |   | —     |   | 52,808    |   | —     |   | —     |   | 3,918    |   | 56,726    |   | 56,726    |
|                                                             |   |   | Total comprehensive income |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 58,169    |   | 58,169    |
| Balance at June 30, 2011                                    | 75,290    |   | 8    |   | 399,900    |   | 80,300    |   | (2,995)   |   | (4)   |   | 38,067    |   |   |   | 515,276    |
| Share-based compensation                                         | 4    |   | —     |   | 2,482    |   | —     |   | —     |   | —     |   | —     |   |   |   | 2,482    |
| Stock option exercises                                      | 38    |   | —     |   | 195    |   | —     |   | —     |   | —     |   | —     |   |   |   | 195    |
| Sale of noncontrolling interest                                  | —     |   | —     |   | 210    |   | —     |   | —     |   | —     |   | —     |   |   |   | 210    |
| Cash dividend declared                                      | —     |   | —     |   | —     |   | (15,007)   |   | —     |   | —     |   | —     |   |   |   | (15,007)   |
| Solsil shares purchased                                     | —     |   | —     |   | 2,888    |   | —     |   | —     |   | —     |   | (3,038)   |   |   |   | (150)   |
| Acquisition of Quebec Silicon                                    | —     |   | —     |   | —     |   | —     |   | —     |   | —     |   | 46,762    |   |   |   | 46,762    |
| Comprehensive income (loss):                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             | Foreign currency translation adjustment | —     |   | —     |   | —     |   | —     |   | 319    |   | —     |   | —     |   | 319    |   | 319    |
|                                                             | Pension liability adjustment (net of income |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | tax benefit of $2,528) | —     |   | —     |   | —     |   | —     |   | (4,125)   |   | —     |   | —     |   | (4,125)   |   | (4,125)   |
|                                                             | Unrealized loss on available-for-sale securities |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                             |   | (net of provision for income taxes of $13) | —     |   | —     |   | —     |   | —     |   | (39)   |   | —     |   | —     |   | (39)   |   | (39)   |
|                                                             | Net income  | —     |   | —     |   | —     |   | 54,570    |   | —     |   | —     |   | 3,306    |   | 57,876    |   | 57,876    |
|                                                             |   |   | Total comprehensive income |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 54,031    |   | 54,031    |
| Balance at June 30, 2012                                    | 75,332    | $ | 8    |   | 405,675    |   | 119,863    |   | (6,840)   |   | (4)   |   | 85,097    |   |   |   | 603,799    |
|                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.     |

----

| GLOBE SPECIALTY METALS, INC. AND SUBSIDIARY COMPANIES        |
|--------------------------------------------------------------|
|                                                         |
| Consolidated Statements of Cash Flows                        |
| Years ended June 30, 2012, 2011, and 2010                    |
| (In thousands)                                               |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |   | 2012 |   | 2011 |   | 2010 |
| Cash flows from operating activities:                        |   |   |   |   |   |   |
|                                                         | Net income |   |   | $ | 57,876    |   | 56,726    |   | 34,268    |
|                                                         | Adjustments to reconcile net income to net cash provided by (used in) operating activities: |   |   |   |   |   |   |
|                                                         |   |   | Depreciation and amortization |   | 34,000    |   | 25,055    |   | 20,672    |
|                                                         |   |   | Depletion |   |   | 848    |   | —     |   | —     |
|                                                         |   |   | Share-based compensation |   | 2,482    |   | 4,332    |   | 5,712    |
|                                                         |   |   | (Gain) loss on sale of business |   | (54)   |   | 4,249    |   | (19,715)   |
|                                                         |   |   | Amortization of deferred financing fees |   | 2,180    |   | 195    |   | 271    |
|                                                         |   |   | Deferred taxes |   | 9,312    |   | 13,538    |   | (8,123)   |
|                                                         |   |   | Accretion |   |   | 230    |   | —     |   | —     |
|                                                         |   |   | Changes in operating assets and liabilities: |   |   |   |   |   |   |
|                                                         |   |   |   | Accounts receivable, net |   | 2,608    |   | (4,664)   |   | (29,029)   |
|                                                         |   |   |   | Inventories |   | 10,729    |   | (25,355)   |   | (16,326)   |
|                                                         |   |   |   | Prepaid expenses and other current assets |   | (4,505)   |   | (1,649)   |   | 6,984    |
|                                                         |   |   |   | Accounts payable |   | (5,047)   |   | (7,833)   |   | 28,290    |
|                                                         |   |   |   | Accrued expenses and other current liabilities |   | 2,038    |   | (6,179)   |   | (13,438)   |
|                                                         |   |   |   | Other |   |   | (8,790)   |   | 2,773    |   | (28,821)   |
|                                                         |   |   |   |   | Net cash provided by (used in) operating activities |   | 103,907    |   | 61,188    |   | (19,255)   |
| Cash flows from investing activities:                        |   |   |   |   |   |   |
|                                                         | Capital expenditures |   |   | (41,836)   |   | (35,039)   |   | (22,901)   |
|                                                         | Acquisition of businesses, net of cash acquired of $4,090, $0, and $1,873 during the |   |   |   |   |   |   |
|                                                         |   | years ended June 30, 2012, 2011, and 2010, respectively |   | (109,717)   |   | —     |   | (53,084)   |
|                                                         | Sale of businesses, net of cash disposed of $0, $0, and $17,132 during the |   |   |   |   |   |   |
|                                                         |   | years ended June 30, 2012, 2011, and 2010, respectively |   | —     |   | 2,500    |   | 60,559    |
|                                                         | Working capital adjustments from acquisition of businesses, net |   | —     |   | (2,038)   |   | —     |
|                                                         | Other investing activities |   | (152)   |   | (16,935)   |   | (733)   |
|                                                         |   |   |   |   | Net cash used in investing activities |   | (151,705)   |   | (51,512)   |   | (16,159)   |
| Cash flows from financing activities:                        |   |   |   |   |   |   |
|                                                         | Borrowings of long-term debt |   | 50,000    |   | —     |   | —     |
|                                                         | Payments of long-term debt |   | (50,000)   |   | (17,012)   |   | (21,917)   |
|                                                         | Borrowings of short-term debt |   | 1,048    |   | 4,999    |   | 11,896    |
|                                                         | Payments of short-term debt |   | (1,825)   |   | (11,972)   |   | (10,518)   |
|                                                         | Borrowings under revolving credit agreements |   | 136,408    |   | 35,989    |   | 22,000    |
|                                                         | Payments under revolving credit agreements |   | (54,462)   |   | (5,000)   |   | (6,000)   |
|                                                         | Debt issuance costs |   | (5,199)   |   | (869)   |   | —     |
|                                                         | Dividend payment |   |   | (15,007)   |   | (11,269)   |   | —     |
|                                                         | Proceeds from stock option exercises |   | 195    |   | 5,215    |   | 616    |
|                                                         | Proceeds from warrants exercised |   | —     |   | —     |   | 1,287    |
|                                                         | Proceeds from UPOs exercised |   | —     |   | —     |   | 210    |
|                                                         | Sale of noncontrolling interest |   | —     |   | —     |   | 97,917    |
|                                                         | Sale of common stock |   | —     |   | —     |   | 36,456    |
|                                                         | Other financing activities |   | (1,296)   |   | —     |   | (1,387)   |
|                                                         |   |   |   |   | Net cash provided by financing activities |   | 59,862    |   | 81    |   | 130,560    |
| Effect of exchange rate changes on cash and cash equivalents |   | (262)   |   | (578)   |   | 7    |
|                                                         |   |   |   |   | Net increase in cash and cash equivalents |   | 11,802    |   | 9,179    |   | 95,153    |
| Cash and cash equivalents at beginning of year               |   | 166,208    |   | 157,029    |   | 61,876    |
| Cash and cash equivalents at end of year                     | $ | 178,010    |   | 166,208    |   | 157,029    |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental disclosures of cash flow information:           |   |   |   |   |   |   |
|                                                         | Cash paid for interest, net of capitalized interest | $ | 4,475    |   | 2,533    |   | 2,494    |
|                                                         | Cash paid for income taxes, net of refunds totaling $3,194, $586, and $2,729 during the |   |   |   |   |   |   |
|                                                         |   | years ended June 30, 2012, 2011, and 2010, respectively |   | 22,023    |   | 19,819    |   | 51,709    |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements. |

----

| (1)   | Organization and Business Operations |
|-----------------|--------------------------------------|

| (2)   | Summary of Significant Accounting Policies |
|-----------------|--------------------------------------------|

----

|              |                                  | Range of                        |
|-------------------|---------------------------------------|---------------------------------|
|              |                                  | Useful Lives                    |
| Asset type:  |                                  |
|              | Land improvements and land use rights | 20 to 36 years   |
|              | Buildings                             | 35 to 40 years   |
|              | Manufacturing equipment               | 5 to 25 years    |
|              | Furnaces                              | 10 to 20 years   |
|              | Other                                 | 2 to 5 years     |

----

----

| (3)   | Business Combinations, Investments, and Divestitures |
|-----------------|------------------------------------------------------|

----

|               |   |                |                 | 2012                |                 | 2011 |
|--------------------|--------|---------------------|----------------------|---------------------|----------------------|------|
| Finished goods     | $      | 41,550    |                 | 29,570    |
| Work in process    |   | 403       |                 | 2,078     |
| Raw materials      |   | 62,957    |                 | 67,213    |
| Parts and supplies |   | 14,531    |                 | 10,431    |
|               | Total  |  $             | 119,441    |                | 109,292    |

|                                             |   |                            |                | 2012                |                | 2011 |
|--------------------------------------------------|--------|---------------------------------|---------------------|---------------------|---------------------|------|
| Deferred taxes                                   | $      | 4,681                 |                | 5,766     |
| Income tax receivables                           |   | 6,450                 |                | 3,777     |
| Value added and other non-income tax receivables |   | 4,370                 |                | 3,391     |
| Restricted cash                                  |   | —     |                | 4,404     |
| Other                                            |   | 12,414                |                | 10,538    |
|                                             | Total  |  $                         | 27,915    |                | 27,876    |

| (6)   | Property, Plant, and Equipment |
|-----------------|--------------------------------|

|                                                      |                                  |                 |                 |                            | 2012                 |   | 2011 |
|-----------------------------------------------------------|---------------------------------------|----------------------|----------------------|---------------------------------|----------------------|--------|------|
| Land, land improvements, and land use rights              | $                                     | 10,831     |                 | 6,907                 |
| Building and improvements                                 |                                  | 76,395     |                 | 43,076                |
| Machinery and equipment                                   |                                  | 175,305    |                 | 93,891                |
| Furnaces                                                  |                                  | 193,055    |                 | 136,177               |
| Mineral reserves                                          |                                  | 55,843     |                 | —     |
| Mine development                                          |                                  | 4,058      |                 | —     |
| Other                                                     |                                  |                 | 4,852      |                            | 3,993      |
| Construction in progress                                  |                                  | 23,616     |                 | 23,743                |
|                                                      | Property, plant, and equipment, gross |                 | 543,955    |                            | 307,787    |
| Less accumulated depreciation, depletion and amortization |                                  | (111,194)       |                 | (77,810)                   |
|                                                      | Property, plant, and equipment, net   |  $              | 432,761    |                            | 229,977    |

----

| (7)   | Goodwill and Other Intangibles |
|-----------------|--------------------------------|

|                                              |                          |                            |                            |                            |                            | Globe                           |                            |                          |                           |
|---------------------------------------------------|-------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|-------------------------------|--------------------------------|
|                                              |                          |                            |                            |                            | GMI                             | Metales                         | Solsil                          | Other                         | Total                          |
| Balance at June 30, 2010                          |                          |                            |                            |                            |                            |                            |
|                                              | Goodwill                      |  $                         | 30,405      | 14,313      | 57,656      | 7,307       | 109,681     |
|                                              | Accumulated impairment loss   |                            | —     | —     | (57,656)         | —     | (57,656)         |
|                                              |                          |                            |                            |                            | 30,405      | 14,313      | —     | 7,307     | 52,025     |
| Core Metals purchase price allocation adjustments | 1,124     | —     | —     | —     | 1,124       |
| Foreign exchange rate changes                     |                          | —     | —     | —     | 354         | 354         |
| Balance at June 30, 2011                          |                          |                            |                            |                            |                            |                            |
|                                              | Goodwill                      |                            | 31,529      | 14,313      | 57,656      | 7,661       | 111,159     |
|                                              | Accumulated impairment loss   |                            | —     | —     | (57,656)         | —     | (57,656)         |
|                                              |                          |                            |                            |                            | 31,529      | 14,313      | —     | 7,661     | 53,503     |
| Quebec Silicon acquisition                        |                          | 3,063       | —     | —     | —     | 3,063       |
| Foreign exchange rate changes                     |                          | (1)              | —     | —     | 175         | 174         |
| Balance at June 30, 2012                          |                          |                            |                            |                            |                            |                            |
|                                              | Goodwill                      |                            | 34,591      | 14,313      | 57,656      | 7,836       | 114,396     |
|                                              | Accumulated impairment loss   |                            | —     | —     | (57,656)         | —     | (57,656)         |
|                                              |                          |                            |                            |  $                         | 34,591      | 14,313      | —     | 7,836     | 56,740     |

|                                                                                                                               |                       |   |   |   |   |               |   |               |               |               | Balance at         |   | Balance at |
|------------------------------------------------------------------------------------------------------------------------------------|----------------------------|--------|--------|--------|--------|--------------------|--------|--------------------|--------------------|--------------------|--------------------|--------|------------|
|                                                                                                                               |                       |   |   |   |   |               |   | Ownership          |               |               | June 30,           |   | June 30,   |
|                                                                                                                               |                       |   |   |   |   |               |   | Interest           |               |               | 2012               |   | 2011       |
| Equity method investment:                                                                                                          |                       |   |   |   |   |               |   |
|                                                                                                                               | Norchem                    |   |   |   | 50.00% |               | $      | 3,244    |               | 2,667    |
| Other cost investments:                                                                                                            |                       |   |   |   |   |               |   |
|                                                                                                                               | Inversora Nihuiles S.A.(a) |   | 9.75%  |   |   | 3,067    |   | 3,067    |
|                                                                                                                               | Inversora Diamante S.A.(b) |   | 8.40%  |   |   | 2,906    |   | 2,906    |
|                                                                                                                               |                       | Total  |   |   |   |               |   | $                  | 9,217    |               | 8,640    |
|                                                                                                                               |                       |   |   |   |   |               |   |               |               |               |               |   |       |
|                                                                                                                               |                       |   |   |   |   |               |   |               |               |               |               |   |       |
| (a)  This entity owns a 51% interest in Hidroelectrica Los Nihuiles S.A., which is a hydroelectric company in Argentina. |
| (b)  This entity owns a 59% interest in Hidroelectrica Diamante S.A., which is a hydroelectric company in Argentina.     |

----

|           |             |   |                            |   |    |             |               |               |   | Weighted      |                            |               |        |
|----------------|------------------|--------|---------------------------------|--------|---------|------------------|--------------------|--------------------|--------|---------------|---------------------------------|--------------------|-------------|
|           |             |   |                            |   |    |             |               | Outstanding        |   | Average       |                            |               | Unused      |
|           |             |   |                            |   |    |             |               | Balance            |   | Interest Rate |                            |               | Credit Line |
| June 30, 2012: |             |   |                            |   |    |             |               |               |
| Type debt:     |             |   |                            |   |    |             |               |               |   |
|           | Export financing | $      | —     |   | — |             | $                  | 9,269    |
|           | Other            |   |                            |   |    | 317    |               | 5.00%              |   |          | —     |
|           |             | Total  |                            |   |    | $                | 317      |               |   |          | $                               | 9,269    |
|           |             |   |                            |   |    |             |               |               |   |          |                            |               |        |
| June 30, 2011: |             |   |                            |   |    |             |               |               |
| Type debt:     |             |   |                            |   |    |             |               |               |   |
|           | Export financing | $      | 731                   |   | 2.75%   |             | $                  | 8,310    |
|           | Other            |   |                            |   |    | 363    |               | 8.00%              |   |          | —     |
|           |             | Total  |                            |   |    | $                | 1,094    |               |   |          | $                               | 8,310    |

|                                     |   |                            |   |   |   |   |                            |        |                            | Weighted      |   |   |       |   |       |
|------------------------------------------|--------|---------------------------------|--------|--------|--------|--------|---------------------------------|-------------|---------------------------------|---------------|--------|--------|------------|--------|------------|
|                                     |   |                            |   |   |   |   |                            | Outstanding |                            | Average       |   |   | Unused     |   | Total      |
|                                     |   |                            |   |   |   |   |                            | Balance     |                            | Interest Rate |   |   | Commitment |   | Commitment |
| Revolving multi-currency credit facility | $      | 128,163     |   | 2.00%  |   | $      | 171,837     |        | 300,000     |
| Revolving credit facility                |   | 9,000       |   | 2.39%  |   |   | 11,000      |        | 20,000      |
| Revolving credit agreement               |   | 3,223       |   | 5.00%  |   |   | 11,417      |        | 14,640      |

----

|                                                        |   |   |                |    | 2012                            |   | 2011                |
|-------------------------------------------------------------|--------|--------|---------------------|---------|---------------------------------|--------|---------------------|
| Accrued wages, bonuses, and benefits                   |   | $      | 12,135    |    | 11,877                |
| Acquired contract obligations                          |   |   | 7,173     |    | —     |
| Deferred revenue                                       |   |   | 4,909     |    | —     |
| Accrued income taxes                                   |   |   | 3,846     |    | 4,257                 |
| Current portion of capital lease obligations           |   |   | 2,544     |    | —     |
| Current portion of retained acquisition contingencies  |   |   | 1,479     |    | 10,931                |
| Accrued insurance                                      |   |   | 1,297     |    | 758                   |
| Accrued property taxes                                 |   |   | 1,149     |    | 1,161                 |
| Accrued professional fees                              |   |   | 524       |    | 1,093                 |
| Deferred taxes                                         |   |   | 49        |    | 36                    |
| Other                                                  |   |   | 5,497     |    | 4,362                 |
|                                                        | Total  |   |                |  $ | 40,602                |   | 34,475    |

|                                                        |   |   |                |    | 2012                            |   | 2011                |
|-------------------------------------------------------------|--------|--------|---------------------|---------|---------------------------------|--------|---------------------|
| Accrued pension and postretirement benefits liability  |   | $      | 34,076    |    | 7,716                 |
| Capital lease obligations                              |   |   | 11,742    |    | —     |
| Acquired contract obligations                          |   |   | 10,949    |    | —     |
| Retained acquisition contingencies                     |   |   | 4,931     |    | 5,791                 |
| Asset retirement obligations                           |   |   | 3,424     |    | —     |
| Other                                                  |   |   | 5,681     |    | 3,717                 |
|                                                        | Total  |   |                |  $ | 70,803                |   | 17,224    |

----

|                               |   |                       |   |                      |   |                        |   | (Loss) Gain Recognized       |   |               |
|------------------------------------|--------|----------------------------|--------|---------------------------|--------|-----------------------------|--------|------------------------------|--------|--------------------|
|                               |   |                       |   |                      |   |                        |   | During                       |   |               |
|                               |   |                       |   |                      |   |                        |   | the Years Ended June 30      |   | Location           |
|                               |   |                       |   |                      |   |                        |   | 2012                         |   | 2011               |   | 2010 |   | of (Loss) Gain |
| Interest rate derivatives          | $      | (119)       |   | (252)      |   | (1,231)      |   | Interest expense             |
| Foreign exchange forward contracts |   | 20     |   | (190)      |   | 772     |   | Foreign exchange gain (loss) |
| Power hedge                        |   |                       |   | (1,272)    |   | 173     |   | (243)         |   | Cost of goods sold |

----

|                                                             |                                           |                                     |                            |                           |                            | Pension Plans                  |     |                            | Nonpension Postretirement Plan  |
|------------------------------------------------------------------|------------------------------------------------|------------------------------------------|---------------------------------|--------------------------------|---------------------------------|--------------------------------|----------|---------------------------------|---------------------------------|
|                                                             |                                           |                                     |                            |                           |                            | 2012                           |     | 2011                            |                            |   | 2012 |   | 2011 |
| Change in benefit obligations:                                   |                                           |                                     |                            |                           |                            |                           |     |                            |                            |
|                                                             | Benefit obligations at beginning of year       | $                                        | 30,218                |                           | 28,367                |                           | $        | —     |                            | —     |
|                                                             | Acquisition of business                        |                                     | 23,827                |                           | —     |                           |     | 11,906                |                            | —     |
|                                                             | Interest cost                                  |                                     | 1,553                 |                           | 1,439                 |                           |     | —     |                            | —     |
|                                                             | Service cost                                   |                                     | 102                   |                           | 114                   |                           |     | —     |                            | —     |
|                                                             | Amendments                                     |                                     | 465                   |                           | —     |                           |     | —     |                            | —     |
|                                                             | Actuarial loss                                 |                                     | 6,860                 |                           | 1,698                 |                           |     | —     |                            | —     |
|                                                             | Benefits paid                                  |                                     | (1,430)                    |                           | (1,400)                    |                           |     | —     |                            | —     |
|                                                             |                                           | Benefit obligations at end of year       | $                               | 61,595               |                            | 30,218               |     | $                               | 11,906                |   | —     |
|                                                             |                                           |                                     |                            |                           |                            |                           |     |                            |                            |   |   |   |   |
| Change in plan assets:                                           |                                           |                                     |                            |                           |                            |                           |     |                            |                            |
|                                                             | Fair value of plan assets at beginning of year | $                                        | 22,502                |                           | 19,249                |                           |   $ | —     |                            | —     |
|                                                             | Acquisition of business                        |                                     | 14,328                |                           | —     |                           |     | —     |                            | —     |
|                                                             | Actual gain on plan assets                     |                                     | 1,543                 |                           | 3,573                 |                           |     | —     |                            | —     |
|                                                             | Employer contributions                         |                                     | 2,482                 |                           | 1,080                 |                           |     | —     |                            | —     |
|                                                             | Benefits paid                                  |                                     | (1,430)                    |                           | (1,400)                    |                           |     | —     |                            | —     |
|                                                             |                                           | Fair value of plan assets at end of year | $                               | 39,425     |                            | 22,502     |     |   $                        | —     |   | —     |
|                                                             |                                           |                                     |                            |                           |                            |                           |     |                            |                            |   |   |   |   |
| Funded status at end of year:                                    |                                           |                                     |                            |                           |                            |                           |     |                            |                            |
|                                                             | Fair value of plan assets                      | $                                        | 39,425                |                           | 22,502                |                           |   $ | —     |                            | —     |
|                                                             | Benefit obligations                            |                                     | 61,595                |                           | 30,218                |                           |     | 11,906                |                            | —     |
|                                                             |                                           | Funded status                            | $                               | (22,170)        |                            | (7,716)         |     |   $                        | (11,906)         |   | —     |
|                                                             |                                           |                                     |                            |                           |                            |                           |     |                            |                            |   |   |   |   |
| Amounts recognized in the consolidated balance sheet consist of: |                                           |                                     |                            |                           |                            |                           |     |
|                                                             | Noncurrent liability                           | $                                        | (22,170)                   |                           | (7,716)                    |                           |   $ | 11,802                |                            | —     |
|                                                             | Current liability                              |                                     | —     |                           | —     |                           |     | 104                   |                            | —     |
|                                                             | Accumulated other comprehensive loss           |                                     | 13,008                |                           | 6,356                 |                           |     | —     |                            | —     |

|                           |                         |                          | 2012                        |                          | 2011                        |                          | 2010                        |
|--------------------------------|------------------------------|-------------------------------|-----------------------------|-------------------------------|-----------------------------|-------------------------------|-----------------------------|
| Interest cost                  | $                            | 1,553     |                        | 1,439     |                        | 1,285     |
| Service cost                   |                         | 102       |                        | 114       |                        | 26        |
| Expected return on plan assets |                         | (1,737)        |                        | (1,487)        |                        | (1,075)        |
| Amortization of net loss       |                         | 866       |                        | 678       |                        | 572       |
|                           | Net periodic pension expense | $                             | 784     |                          | 744     |                          | 808     |

|          |   |        |   |          | Pension Plans |   | Nonpension Postretirement Plans |
|---------------|--------|-------------|--------|---------------|---------------|--------|---------------------------------|
|          |   |        |   |          | 2012          |   | 2011                            |   | 2012 |   | 2011 |
| Discount rate |   | 3.5% - 5.0% |   | 5.25% - 5.30% |          | 5.10%  |                            | — |

|                           |          |          |          | 2012   |          | 2011          |   | 2010 |
|--------------------------------|---------------|---------------|---------------|--------|---------------|---------------|--------|------|
| Discount rate                  |          | 5.00% - 5.30% |          | 5.25%  |          | 5.85% - 6.25% |
| Expected return on plan assets | 5.50% - 8.00% |          | 8.00% - 8.50% |   | 8.00% - 8.50% |

----

|            |   |               | Pension Plans |   |              | Nonpension Postretirement Plans |
|-----------------|--------|--------------------|---------------|--------|-------------------|---------------------------------|
| 2013            | $      | 2,555    |          | $      | 104     |
| 2014            |   | 2,788    |          |   | 153     |
| 2015            |   | 2,981    |          |   | 209     |
| 2016            |   | 3,193    |          |   | 259     |
| 2017            |   | 3,305    |          |   | 303     |
| Years 2018-2022 |   | 17,398   |          |   | 2,066   |

| Equity securities       |   | 55 - 70%                    |
|-------------------------|--------|----------------------------------|
| Fixed income securities |   | 30 - 40      |
| Real estate             |   | 5 - 10       |

|                      |                                  |                            |                            | Quoted Prices in Active Markets for Identical Assets |                             | Significant Observable Inputs   |                           |                           |
|---------------------------|---------------------------------------|---------------------------------|---------------------------------|------------------------------------------------------|----------------------------------|---------------------------------|--------------------------------|--------------------------------|
|                      |                                  |                            |                            | (Level 1)                                            |                             | (Level 2)                       |                           | Total                          |
| Cash and cash equivalents | $                                     | 418                   |                            | —                          |                             | 418         |
| Equity securities:        |                                  |                            |                            |                                                 |                             |                            |
|                      | Domestic equity mutual funds          |                            | 4,307                 |                                                 |   —    |                            | 4,307      |
|                      | International equity mutual funds     |                            | 3,707                 |                                                 |   —    |                            | 3,707      |
|                      | Commingled domestic equity funds      |                            | —     |                                                 | 3,253                  |                            | 3,253      |
|                      | Commingled international equity funds | —     |                            | 6,339                                      |                             | 6,339       |
| Fixed income securities:  |                                  |                            |                            |                                                 |                             | —     |
|                      | Fixed income mutual funds             |                            | 9,348                 |                                                 |   —    |                            | 9,348      |
|                      | Commingled fixed income funds         |                            | —     |                                                 | 11,082                 |                            | 11,082     |
| Real estate mutual funds  |                                  | 971                   |                            |   —                        |                             | 971         |
|                      |                                  |                            | $                               | 18,751                                |                             | 20,674           |                           | 39,425     |

|                      |                              |             |                            | Quoted Prices in Active Markets for Identical Assets |                            | Significant Observable Inputs   |                          |                           |
|---------------------------|-----------------------------------|------------------|---------------------------------|------------------------------------------------------|---------------------------------|---------------------------------|-------------------------------|--------------------------------|
|                      |                              |             |                            | (Level 1)                                            |                            | (Level 2)                       |                          | Total                          |
| Cash and cash equivalents | $                                 | 341    |                            | —                          |                            | 341         |
| Equity securities:        |                              |             |                            |                                                 |                            |                            |
|                      | Domestic equity mutual funds      |             | 5,083                 |                                                 | —     |                            | 5,083     |
|                      | International equity mutual funds |             | 2,573                 |                                                 | —     |                            | 2,573     |
|                      | Commingled domestic equity funds  |             | —     |                                                 | 3,374                 |                            | 3,374     |
| Fixed income securities:  |                              |             |                            |                                                 |                            | —     |
|                      | Fixed income mutual funds         |             | 8,212                 |                                                 | —     |                            | 8,212     |
|                      | Commingled fixed income funds     |             | —     |                                                 | 2,037                 |                            | 2,037     |
| Real estate mutual funds  |                              | 882    |                            | —                          |                            | 882         |
|                      |                              |             | $                               | 17,091                                |                            | 5,411            |                          | 22,502     |

----

|                |   |                |                |               |                |                |                | 2012                |   | 2011                |   | 2010 |
|---------------------|--------|---------------------|---------------------|--------------------|---------------------|---------------------|---------------------|---------------------|--------|---------------------|--------|------|
| U.S. operations     |   | $                   | 73,859    |               | 87,096    |                | 21,865    |
| Non-U.S. operations |   | 12,777    |                | 5,618    |                | 32,942    |
|                | Total  |                |                |               | $                   | 86,636    |                | 92,714    |   | 54,807    |

|      |    |                             |   |                |                |                |                | 2012                |                | 2011               |   | 2010   |
|-----------|---------|----------------------------------|--------|---------------------|---------------------|---------------------|---------------------|---------------------|---------------------|--------------------|--------|--------|
| Current:  |    |                             |   |                |                |                |                |                |                |
|      | Federal |                             |   | $                   | 13,506    |                | 16,113    |                | 10,471    |
|      | State   |                             |   |                |                | 1,996     |                | 1,982     |                | 2,686    |
|      | Foreign |                             |   |                | 3,946     |                | 4,355     |                | 14,446    |
|      |    | Total current                    |   | 19,448    |                | 22,450    |                | 27,603    |
|      |    |                             |   |                |                |                |                |                |                |               |   |   |
| Deferred: |    |                             |   |                |                |                |                |                |                |
|      | Federal |                             |   |                | 8,257     |                | 12,622    |                | (3,745)        |
|      | State   |                             |   |                |                | 1,244     |                | 1,107     |                | (3,315)       |
|      | Foreign |                             |   |                | (189)          |                | (191)          |                | (4)            |
|      |    | Total deferred                   |   | 9,312     |                | 13,538    |                | (7,064)        |
|      |    | Total provision for income taxes | $      | 28,760    |                | 35,988    |                | 20,539    |

|                                      |               |                        |   |                        |   |                        |   | 2012                    |   | 2011 |   | 2010 |
|-------------------------------------------|--------------------|-----------------------------|--------|-----------------------------|--------|-----------------------------|--------|-------------------------|--------|------|--------|------|
| Federal statutory rate                    |               | 35.0%                       |   | 35.0%                       |   | 35.0%                       |
| State taxes, net of federal benefit       |               | 2.4     |   | 2.6     |   | (3.6)        |
| Foreign tax holiday and rate differential |               | (1.8)        |   | 0.7     |   | 2.3     |
| Change in valuation allowance             |               | 1.1     |   | (0.2)        |   | 5.5     |
| Domestic production activities deduction  |               | (1.9)        |   | (1.7)        |   | (1.2)        |
| Other items                               |               |                        |   | (1.6)        |   | 2.4     |   | (0.5)    |
|                                      | Effective tax rate |                        | 33.2%  |                        | 38.8%  |                        | 37.5%  |

|                      |                                         |                           |                |                       |                |                       |               | 2012 |   | 2011 |
|---------------------------|----------------------------------------------|--------------------------------|---------------------|----------------------------|---------------------|----------------------------|--------------------|------|--------|------|
| Deferred tax assets:      |                                         |                           |                |                       |
|                      | Inventories                                  |                           | $                   | 3,676            |                | 2,414            |
|                      | Accounts receivable                          |                           | 198       |                       | 139       |
|                      | Accruals                                     |                           |                |                       | 9,322     |                       | 6,673    |
|                      | Deferred Revenue                             |                           | 178       |                       | 298       |
|                      | Net operating losses and other carryforwards |                           | 16,223    |                       | 17,999    |
|                      | Other assets                                 |                           |                | 901              |                | 259              |
|                      | Share-based compensation                     |                           | 5,104     |                       | 4,868     |
|                      |                                         | Gross deferred tax assets      |                | 35,602           |                | 32,650           |
|                      | Valuation allowance                          |                           | (10,340)       |                       | (8,754)        |
|                      |                                         | Net deferred tax assets        |                | 25,262           |                | 23,896           |
| Deferred tax liabilities: |                                         |                           |                |                       |
|                      | Fixed assets                                 |                           |                | (46,257)              |                | (39,340)              |
|                      | Prepaid expenses                             |                           | (1,861)        |                       | (899)          |
|                      | Intangibles                                  |                           |                | (1,147)               |                | (974)                 |
|                      |                                         | Total deferred tax liabilities |                | (49,265)              |                | (41,213)              |
|                      |                                         | Net deferred tax liabilities   | $                   | (24,003)    |                | (17,317)    |

|    |   |   |   |   |   |   |                |                 |              | Amount            |   | Expires |
|---------|--------|--------|--------|--------|--------|--------|---------------------|----------------------|-------------------|-------------------|--------|---------|
| Federal |   |   |   |   |   | $      | 23,204    |                 | 2024 through 2026 |
| State   |   |   |   |   |   |   |                | 105,123    |              | 2013 through 2031 |
| Foreign |   |   |   |   |   |   | 9,074     |                 | 2013 through 2021 |

----

|            |   |   |   |   |              |              |              |               |              | 2012              |   | 2011               |   | 2010 |
|-----------------|--------|--------|--------|--------|-------------------|-------------------|-------------------|--------------------|-------------------|-------------------|--------|--------------------|--------|------|
| Federal NOLs    |   |   |   | $      | 4,100   |              | 4,100   |               | 3,848   |
| State NOLs      |   |   |   |   |              | 857     |              | 819      |              | 1,055   |
| Foreign NOLs    |   |   |   |   | 2,787   |              | 1,229   |               | 5,781   |
| Federal credits |   |   |   |   | 236     |              | 235     |               | 463     |
| State credits   |   |   |   |   |              | 2,360   |              | 2,371    |              | 2,350   |
| Total           |   |   |   |   |              |              | $                 | 10,340   |              | 8,754   |   | 13,497   |

|                                                                                                             |   |                            |   |                            |   |                            |   |   |   | 2012 |   | 2011 |   | 2010 |
|------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|---------------------------------|--------|---------------------------------|--------|--------|--------|------|--------|------|--------|------|
| Balance at the beginning of the year                                                                        | $      |  774        |   |  2,039      |   | —     |
|             Gross increases for prior year tax positions  |   | —     |   |  206        |   |  2,039      |
|             Gross decreases for prior year tax positions  |   |  (252)      |   |  (1,471)    |   | —     |
| Balance at the end of the year                                                                              | $      | 522              |   | 774              |   | 2,039            |

----

|                    |   |                       |   |                                                |   |                                       |   |                                          |
|-------------------------|--------|----------------------------|--------|-----------------------------------------------------|--------|--------------------------------------------|--------|-----------------------------------------------|
| Facility                |   | Supplier                   |   | Terms                                               |   | Price Structure                            |   | Capacity                                      |
| Alloy, West Virginia    |   | Appalachian Power          |   | Through October 30, 2012, 1-year termination notice |   | Published tariff rate                      |   | 110 MW interruptible                     |
| Alloy, West Virginia    |   | Brookfield Power           |   | Through December 31, 2021                           |   | Fixed rate                                 |   | 100 MW (hydro power)                     |
| Beverly, Ohio           |   | American Electric Power    |   | Evergreen, 1-year termination notice                |   | Published tariff rate                      |   | 2.5 MW firm85 MW interruptible      |
| Niagara Falls, New York |   | New York Power Authority   |   | Through September 30, 2021                          |   | Based on the EP and RP commodity agreement |   | 32.6 MW replacement7.3 MW expansion |
| Selma, Alabama          |   | Alabama Power              |   | Evergreen, 1-year termination notice                |   | Published tariff rate                      |   | 2.15 MW firm40.85 MW interruptible  |
| Bridgeport, Alabama     |   | Tennessee Valley Authority |   | Through April 30, 2020, 2-year termination notice   |   | Fixed rate, reset annually                 |   | 10MW firm30MW interruptible                   |
| Becancour, Quebec       |   | Hydro Quebec               |   | Through November 3, 2012                            |   | Published tariff rate                      |   | 2.0 MW firm80 MW interruptible                |

|                        |   | 2013               |   | 2014               |   | 2015               |   | 2016               |   | 2017                            |   | Thereafter                      |
|-----------------------------|--------|--------------------|--------|--------------------|--------|--------------------|--------|--------------------|--------|---------------------------------|--------|---------------------------------|
| Operating lease obligations | $      | 3,266    |   | 2,053    |   | 846      |   | 181      |   | —     |   | —     |
| Capital lease obligations   |   | 2,544    |   | 2,562    |   | 2,445    |   | 2,505    |   | 2,213                 |   | 2,029                 |

----

|                                                    |   |                    |   |                    |   |                    |   | 2012   |   | 2011 |   | 2010 |
|---------------------------------------------------------|--------|-------------------------|--------|-------------------------|--------|-------------------------|--------|--------|--------|------|--------|------|
| Basic earnings per share computation                    |   |                    |   |                    |   |                    |
| Numerator:                                              |   |                    |   |                    |   |                    |   |   |   |
| Net income attributable to Globe Specialty Metals, Inc. | $      | 54,570        |   | 52,808        |   | 34,101        |
| Denominator:                                            |   |                    |   |                    |   |                    |   |   |
| Weighted average basic shares outstanding               |   | 75,038,674    |   | 74,924,947    |   | 73,511,696    |
| Basic earnings per common share                         | $      | 0.73          |   | 0.70          |   | 0.46          |
| Diluted earnings per share computation                  |   |                    |   |                    |   |                    |
| Numerator:                                              |   |                    |   |                    |   |                    |   |   |   |
| Net income attributable to Globe Specialty Metals, Inc. | $      | 54,570        |   | 52,808        |   | 34,101        |
| Denominator:                                            |   |                    |   |                    |   |                    |   |   |
| Weighted average basic shares outstanding               |   | 75,038,674    |   | 74,924,947    |   | 73,511,696    |
| Effect of dilutive securities                           |   | 1,585,218     |   | 1,699,398     |   | 1,258,451     |
| Weighted average diluted shares outstanding             |   | 76,623,892    |   | 76,624,345    |   | 74,770,147    |
| Diluted earnings per common share                       | $      | 0.71          |   | 0.69          |   | 0.46          |

|          |   |             | 2012   |          | 2011   |           | 2010 |
|---------------|--------|------------------|--------|---------------|--------|----------------|------|
| Stock options |   | 1,101,079   |   | 66,667   |   | 160,000   |

----

|                            |   |                |   |   |                |   |        |              |   |          |           |   | Weighted-     |   |   |      |
|---------------------------------|--------|---------------------|--------|--------|---------------------|--------|-------------|-------------------|--------|---------------|----------------|--------|---------------|--------|--------|-----------|
|                            |   |                |   |   |                |   |        |              |   |          |           |   | Average       |   |   |      |
|                            |   |                |   |   |                |   |        |              |   |          | Weighted-      |   | Remaining     |   |   | Aggregate |
|                            |   |                |   |   |                |   |        | Number of         |   |          | Average        |   | Contractual   |   |   | Intrinsic |
|                            |   |                |   |   |                |   |        | Options           |   |          | Exercise Price |   | Term in Years |   |   | Value     |
| Outstanding as of June 30, 2009 |   | 4,315,000      |   | $      | 5.12           |   |        |              |   |          |
| Granted                         |   |                |   |   | 60,000         |   |        | 11.40   |   |          |           |   |          |
| Exercised                       |   |                |   |   | (98,558)       |   |        | 6.25         |   |          |           |   |          |
| Forfeited and expired           |   | (10,000)       |   |   | 4.00           |   |        |              |   |          |
| Outstanding as of June 30, 2010 |   | 4,266,442      |   | $      | 5.18           |   |        |              |   |          |
|                            |   |                |   |   |                |   |        |              |   |          |           |   |          |   |   |      |
| Outstanding as of June 30, 2010 |   | 4,266,442      |   | $      | 5.18           |   |        |              |   |          |
| Granted                         |   |                |   |   | 7,960          |   |        | 16.23        |   |          |           |   |          |
| Exercised                       |   |                |   |   | (878,025)      |   |        | 6.28         |   |          |           |   |          |
| Forfeited and expired           |   | (6,250)        |   |   | 4.00           |   |        |              |   |          |
| Outstanding as of June 30, 2011 |   | 3,390,127      |   | $      | 4.93           |   |        |              |   |          |
|                            |   |                |   |   |                |   |        |              |   |          |           |   |          |   |   |      |
| Outstanding as of June 30, 2011 |   | 3,390,127      |   | $      | 4.93           |   |        |              |   |          |
| Granted                         |   |                |   |   | 1,013,270      |   |        | 18.58        |   |          |           |   |          |
| Exercised                       |   |                |   |   | (38,000)       |   |        | 5.12         |   |          |           |   |          |
| Forfeited and expired           |   | —   |   |   | —   |   |        |              |   |          |
| Outstanding as of June 30, 2012 |   | 4,365,397      |   | $      | 8.10           |   | 2.65   |              | $      | 29,690   |
|                            |   |                |   |   |                |   |        |              |   |          |           |   |          |   |   |      |
| Exercisable as of June 30, 2012 |   | 3,537,189      |   | $      | 5.67           |   | 2.29   |              | $      | 29,673   |

|                          |   |                |   |   |                |            |   |        |        |   | Weighted-Average      |
|-------------------------------|--------|---------------------|--------|--------|---------------------|-----------------|--------|-------------|-------------|--------|-----------------------|
|                          |   |                |   |   |                |            |   | Number of   |        |   | Grant-Date Fair Value |
|                          |   |                |   |   |                |            |   | Options     |        |   | Per Share             |
| Nonvested as of June 30, 2011 |   | 54,251         |   | $      | 5.04           |
| Granted                       |   |                |   |   | 1,013,270      |            |   | 8.97   |
| Vested                        |   |                |   |   |                | (239,313)  |   |        | 8.35   |
| Forfeited and expired         |   | —   |   |   | —   |
| Nonvested as of June 30, 2012 |   | 828,208        |   | $      | 8.93           |

|                     | 2012                            |   | 2011                |   | 2010                |
|--------------------------|---------------------------------|--------|---------------------|--------|---------------------|
| Risk-free interest rate  | 0.30 to 0.64%                   |   | 0.72%               |   | 1.26% to 1.54%      |
| Expected dividend yield  | —     |   | —   |   | —   |
| Expected volatility      | 66.00 to 70.00%                 |   | 73.20%              |   | 69.10 to 75.20%     |
| Expected forfeiture rate | —     |   | —   |   | —   |
| Expected term (years)    | 3.00 to 4.40%                   |   | 2.79%               |   | 2.50 to 3.43%       |

----

|                              |   | 2013               |   | 2014               |   | 2015               |   | 2016             |   | 2017                            |
|-----------------------------------|--------|--------------------|--------|--------------------|--------|--------------------|--------|------------------|--------|---------------------------------|
| Share-based compensation (pretax) | $      | 2,352    |   | 2,238    |   | 2,156    |   | 240    |   | —     |

|                               |   |         |       |                |                |                |       | Total               |                | Level 1    |   | Level 2             |   | Level 3 |
|------------------------------------|--------|--------------|------------|---------------------|---------------------|---------------------|------------|---------------------|---------------------|------------|--------|---------------------|--------|---------|
| Foreign exchange forward contracts | $      | 20      |       | —   |                | 20             |       | —   |
| Power hedge                        |   |         | 742   |                | —   |                | 742   |                | —   |
| Restricted stock units             |   | 1,282   |       | 1,282          |                | —   |       | —   |
|                               | Total  |         |       |                | $                   | 2,044          |       | 1,282          |                | 762   |   | —   |

|                      |   |       |       |                |                |                |       | Total               |                | Level 1    |   | Level 2             |   | Level 3 |
|---------------------------|--------|------------|------------|---------------------|---------------------|---------------------|------------|---------------------|---------------------|------------|--------|---------------------|--------|---------|
| Interest rate derivatives | $      | 320   |       | —   |                | 320            |       | —   |
| Power hedge               |   |       | 110   |                | —   |                | 110   |                | —   |
| Restricted stock units    |   | 130   |       | 130            |                | —   |       | —   |
|                      | Total  |       |       |                | $                   | 560            |       | 130            |                | 430   |   | —   |

----

|   | •  | Paid Marco Realty $0, $0, and $166, respectively, to rent office space for its corporate headquarters in New York City, New York. |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | •  | Entered into agreements with Marco International to purchase graphitized carbon electrodes. Purchases under these agreements totaled $18,136, $24,731, and $21,962, respectively. At June 30, 2012 and 2011, payables to Marco International under these agreements totaled $962 and $2,952, respectively. |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •  | Entered into agreements with Marco International to purchase rare earth. Purchases under these agreements totaled $1,013, $1,001, and $0, respectively. At June 30, 2012 and 2011, payables to Marco International under these agreements totaled $0 and $1,001, respectively. |
|--------|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •  | Entered into agreements to sell ferrosilicon to Marco International. Net sales under these agreements totaled $851, $895, and $590, respectively. At June 30, 2012 and 2011, receivables from Marco International under these agreements totaled $137 and $192, respectively. |
|--------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | •  | Entered into agreements to sell calcium silicon powder to Marco International. Net sales under these agreements totaled $5,611, $524, and $0, respectively. At June 30, 2012 and 2011, receivables from Marco International under these agreements totaled $1,115 and $0, respectively. |
|--------|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | GMI — a manufacturer of silicon metal and silicon-based alloys and a provider of specialty metallurgical coal for the silicon metal and silicon-based alloys industries located in North America. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Globe Metais — a distributor of silicon metal manufactured in Brazil. This segment includes the historical Brazilian manufacturing operations, comprised of a manufacturing plant in Breu Branco, mining operations, and forest reserves, which were sold on November 5, 2009. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Globe Metales — a manufacturer of silicon-based alloys located in Argentina. |
|--------|---------|-----------------------------------------------------------------------------------------|

|   | • | Solsil — a manufacturer of upgraded metallurgical grade silicon metal located in the United States. |
|--------|---------|----------------------------------------------------------------------------------------------------------------|

|   | • | Corporate — general corporate expenses, investments, and related investment income. |
|--------|---------|------------------------------------------------------------------------------------------------|

|   | • | Other — operations that do not fit into the above reportable segments and are immaterial for purposes of separate disclosure. The operating segments include Yonvey’s electrode production operations and certain other distribution operations for the sale of silicon metal and silicon-based alloys. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                 |   |           | 2012           |           | 2011           |           | 2010           |
|----------------------|--------|----------------|----------------|----------------|----------------|----------------|----------------|
| Silicon metal        | $      | 360,726   |           | 347,599   |           | 296,763   |
| Silicon-based alloys |   | 269,919   |           | 236,607   |           | 148,092   |
| Other                |   | 74,899    |           | 57,657    |           | 27,803    |
|                 | Total  | $              | 705,544   |           | 641,863   |           | 472,658   |

|          |   | 2012                |
|---------------|--------|---------------------|
|          |   | Net Sales           |   | DepreciationandAmortization |   | OperatingIncome (Loss) |   | InterestIncome |   | InterestExpense (1) |   | Income (Loss)BeforeIncome Taxes |   | Total Assets |   | CapitalExpenditures |
| GMI           | $      | 631,495        |   | 29,261   |   | 103,542   |   | 1   |   | (5,807)  |   | 98,297   |   | 679,516   |   | (36,126)  |
| Globe Metais  |   | —   |   | —   |   | (2)  |   | —   |   | —   |   | (2)  |   | —   |   | —   |
| Globe Metales |   | 64,063         |   | 1,766   |   | 11,332   |   | 49   |   | (1,145)  |   | 10,422   |   | 86,302   |   | (1,926)  |
| Solsil        |   | —   |   | 488   |   | (984)  |   | —   |   | —   |   | (984)  |   | 30,057   |   | (691)  |
| Corporate     |   | —   |   | 424   |   | (27,268)  |   | 777   |   | (739)  |   | (25,570)  |   | 469,137   |   | (2,675)  |
| Other         |   | 28,216         |   | 2,061   |   | 490   |   | —   |   | (503)  |   | 158   |   | 41,538   |   | (418)  |
| Eliminations  |   | (18,230)       |   | —   |   | 4,315   |   | (584)  |   | 584   |   | 4,315   |   | (369,803)  |   | —   |
|          | $      | 705,544        |   | 34,000   |   | 91,425   |   | 243   |   | (7,610)  |   | 86,636   |   | 936,747   |   | (41,836)  |

----

|          |   | 2011                |
|---------------|--------|---------------------|
|          |   | Net Sales           |   | DepreciationandAmortization |   | OperatingIncome (Loss) |   | InterestIncome |   | InterestExpense (1) |   | Income (Loss)BeforeIncome Taxes |   | Total Assets |   | CapitalExpenditures |
| GMI           | $      | 549,418        |   | 20,430   |   | 103,685   |   | 5   |   | 1,775   |   | 102,240   |   | 384,495   |   | 31,061   |
| Globe Metais  |   | 15,421         |   | —   |   | 397   |   | —   |   | —   |   | 398   |   | 294   |   | —   |
| Globe Metales |   | 62,321         |   | 1,634   |   | 13,197   |   | —   |   | 1,050   |   | 12,669   |   | 82,751   |   | 1,023   |
| Solsil        |   | 9,420          |   | 488   |   | 8,670   |   | —   |   | —   |   | 8,670   |   | 29,191   |   | 165   |
| Corporate     |   | —   |   | 426   |   | (29,606)  |   | 816   |   | 470   |   | (30,086)  |   | 403,177   |   | 1,226   |
| Other         |   | 32,325         |   | 2,077   |   | 31   |   | 1   |   | 511   |   | 428   |   | 43,317   |   | 1,564   |
| Eliminations  |   | (27,042)       |   | —   |   | (1,604)  |   | (608)  |   | (608)  |   | (1,605)  |   | (264,956)  |   | —   |
|          | $      | 641,863        |   | 25,055   |   | 94,770   |   | 214   |   | 3,198   |   | 92,714   |   | 678,269   |   | 35,039   |

|          |   | 2010                |
|---------------|--------|---------------------|
|          |   | Net Sales           |   | DepreciationandAmortization |   | OperatingIncome (Loss) |   | InterestIncome |   | InterestExpense (1) |   | Income (Loss)BeforeIncome Taxes |   | Total Assets |   | CapitalExpenditures |
| GMI           | $      | 358,279        |   | 15,812   |   | 41,126   |   | 42   |   | 2,368   |   | 39,107   |   | 324,680   |   | 18,971   |
| Globe Metais  |   | 62,126         |   | 776   |   | 5,263   |   | 178   |   | 525   |   | 8,579   |   | 8,192   |   | 208   |
| Globe Metales |   | 48,959         |   | 1,820   |   | 10,073   |   | —   |   | 1,090   |   | 10,069   |   | 71,790   |   | 996   |
| Solsil        |   | 20             |   | 508   |   | (1,375)  |   | —   |   | 30   |   | (1,405)  |   | 30,526   |   | (1,410)  |
| Corporate     |   | —   |   | 122   |   | 2,815   |   | 619   |   | 317   |   | 2,836   |   | 415,184   |   | 1,273   |
| Other         |   | 12,557         |   | 1,634   |   | (4,273)  |   | 6   |   | 569   |   | (5,036)  |   | 41,508   |   | 2,863   |
| Eliminations  |   | (9,283)        |   | —   |   | 657   |   | (527)  |   | (527)  |   | 657   |   | (284,735)  |   | —   |
|          | $      | 472,658        |   | 20,672   |   | 54,286   |   | 318   |   | 4,372   |   | 54,807   |   | 607,145   |   | 22,901   |

|          |   |                |           | 2012                |           | 2011                |           | 2010 |
|---------------|--------|---------------------|----------------|---------------------|----------------|---------------------|----------------|------|
| United States | $      | 625,681        |           | 574,181        |           | 407,455        |
| Argentina     |   | 57,154         |           | 54,695         |           | 42,101         |
| Brazil        |   | —   |           | —   |           | 12,820         |
| Canada        |   | 5,520          |           | —   |           | —   |
| China         |   | 3,131          |           | 899            |           | 592            |
| Poland        |   | 14,058         |           | 12,088         |           | 9,690          |
|          | Total  | $                   | 705,544   |                | 641,863   |                | 472,658   |

|          |   |           |           | 2012                |           | 2011                |           | 2010 |
|---------------|--------|----------------|----------------|---------------------|----------------|---------------------|----------------|------|
| United States | $      | 330,724   |           | 224,556        |           | 211,876        |
| Argentina     |   | 31,185    |           | 31,054         |           | 31,665         |
| Canada        |   | 100,842   |           | —   |           | —   |
| China         |   | 26,288    |           | 27,524         |           | 27,428         |
| Poland        |   | 939       |           | 823            |           | 800            |
|          | Total  | $              | 489,978   |                | 283,957   |                | 271,769   |

|                      |                 | 2012   |                 | 2011   |                 | 2010 |
|---------------------------|----------------------|--------|----------------------|--------|----------------------|------|
| Dow Corning          | 13%                  |   | 17%                  |   | 30%                  |
| All other customers  | 87    |   | 83    |   | 70    |
|                      | Total           | 100%   |                 | 100%   |                 | 100% |

----

| (22)   | Business Interruption Insurance Recovery |
|------------------|------------------------------------------|

| (23)   | Subsequent Events |
|------------------|-------------------|

| (24)   | Unaudited Quarterly Results |
|------------------|-----------------------------|

|                                                    |   |          |   |          |           |          |           | First         |           | Second  |           | Third   |   | Fourth  |
|---------------------------------------------------------|--------|---------------|--------|---------------|----------------|---------------|----------------|---------------|----------------|---------|----------------|---------|--------|---------|
|                                                    |   |          |   |          |           |          |           | Quarter       |           | Quarter |           | Quarter |   | Quarter |
|                                                    |   |          |   |          |           |          |           | (Unaudited)   |
| 2012:                                                   |   |          |   |          |           |          |           |          |           |    |           |    |
| Net sales                                               |   |          |   | $             | 174,862   |          | 165,547   |          | 173,437   |    | 191,698   |
| Operating income                                        |   | 32,465   |   | 22,230   |           | 19,950   |           | 16,780   |
| Net income attributable to Globe Specialty Metals, Inc. |   | 20,693   |   | 13,444   |           | 11,613   |           | 8,820    |
| Basic earnings per common share                         |   | 0.28     |   | 0.18     |           | 0.15     |           | 0.12     |
| Diluted earnings per common share                       |   | 0.27     |   | 0.18     |           | 0.15     |           | 0.12     |
|                                                    |   |          |   |          |           |          |           |          |           |    |           |    |   |    |
| 2011:                                                   |   |          |   |          |           |          |           |          |           |    |           |    |
| Net sales                                               |   |          |   | $             | 137,352   |          | 155,775   |          | 172,802   |    | 175,934   |
| Operating income                                        |   | 8,228    |   | 20,229   |           | 36,753   |           | 29,560   |
| Net income attributable to Globe Specialty Metals, Inc. |   | 2,162    |   | 11,708   |           | 23,393   |           | 15,545   |
| Basic earnings per common share                         |   | 0.03     |   | 0.16     |           | 0.31     |           | 0.21     |
| Diluted earnings per common share                       |   | 0.03     |   | 0.15     |           | 0.30     |           | 0.20     |
|                                                    |   |          |   |          |           |          |           |          |           |    |           |    |   |    |
| 2010:                                                   |   |          |   |          |           |          |           |          |           |    |           |    |
| Net sales                                               |   |          |   | $             | 105,458   |          | 108,278   |          | 112,486   |    | 146,436   |
| Operating income                                        |   | 12,326   |   | 30,466   |           | 3,307    |           | 8,187    |
| Net income attributable to Globe Specialty Metals, Inc. |   | 8,442    |   | 18,534   |           | 516      |           | 6,609    |
| Basic earnings per common share                         |   | 0.12     |   | 0.25     |           | 0.01     |           | 0.09     |
| Diluted earnings per common share                       |   | 0.12     |   | 0.25     |           | 0.01     |           | 0.09     |

----

|  Exhibit |   |                          |
|---------------|--------|-------------------------------|
|  Number  |   |  Description of Document |
| 2             | .1     |                          | Purchase and Sale Agreement dated as of March 26, 2010, by and among Globe Metals Enterprises, Inc., Core Metals Group Holdings LLC and each of the Sellers named therein (6) |
| 2             | .2     |                          | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Alden Resources Inc. (7) |
| 2             | .3     |                          | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Gatliff Services, Inc. (7) |
| 2             | .4     |                          | Purchase Agreement dated May 27, 2011 by and among NGP Capital Resources Company, Globe BG, LLC and Globe Specialty Metals, Inc. regarding The Overriding Royalty Interests (7) |
| 2             | .5     |                          | Agreement of Purchase and Sale dated as of April 25, 2012 by and among Becancour Silicon Inc., Timminco Ltd., QSI Partners Ltd., and Globe Specialty Metals, Inc. (14)  |
|          |   |                          | Articles of Incorporation and Bylaws |
| 3             | .1     |                          | Amended and Restated Certificate of Incorporation (1) |
| 3             | .2     |                          | Certificate of Amendment to the Amended and Restated Certificate of Incorporation (1) |
| 3             | .3     |                          | Amended and Restated Bylaws (2)  |
|          |   |                          | Instruments Defining the Rights of Security Holders, Including Indentures |
| 4             | .1     |                          | Third Amended and Restated Credit Agreement dated as of March 30, 2011, by and among GMI, Tennessee Alloys Company LLC, and GSM Sales, Inc., as borrowers, Alabama Sand and Gravel, Inc. and Laurel Ford Resources, Inc., as subsidiary guarantors, GSM, as Parent, the lender parties thereto, and Societe Generale, as Administrative Agent, Issuing Bank, Swingline Lender and Collateral Agent and SG Americas Securities LLC, as Sole Arranger (3) |
| 4             | .2     |                          | Term Loan Agreement, dated July 28, 2011, by and among GBG Holdings, LLC, Globe Specialty Metals, Inc., GSM Enterprises LLC, the Lenders from time to time party thereto, and BNP Paribas, as administrative agent, collateral agent, sole lead arranger and sole bookrunner (13) |
| 4             | .3     |                          | Credit Agreement, dated as of May 31, 2012, among the Company, certain subsidiaries of the Company from time to time party thereto, Fifth Third Bank as Administrative Agent and L/C issuer, Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Lead Arranger and Joint Book Runner, Bank of America, N.A., KeyBank National Association, Sovereign Bank, N.A., and  Wells Fargo Bank, N.A., as Co-Syndication Agents, and BBVA Compass Bank,  Citibank, N.A., Citizens Bank Of Pennsylvania, HSBC Bank USA N.A., and PNC Bank, National Association, as  Co-Documentation Agents, and the other lenders party thereto. (5) |
|          |   |                          | We are a party to other instruments defining the rights of holders of long-term debt. No such instrument authorizes an amount of securities in excess of 10 percent of the total assets of the company and its subsidiaries on a consolidated basis. We agree to furnish a copy of each such instrument to the Commission on request.  |
|          |   |                          | Material Contracts |
| 10            | .1     |                          | Output and Supply Agreement, dated as of October 1, 2010, by and among Quebec Silicon Limited Partnership, Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC) and Dow Corning Corporation. (14) |
| 10            | .2     |                          | Shareholders Agreement between all the Shareholders of Quebec Silicon General Partner Inc., dated as of October 1, 2010, by and among Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC), Dow Corning Netherlands, B.V., and Quebec Silicon General Partner Inc. (14) |
| 10            | .3     |                          | Amended and Restated Limited Partnership Agreement dated as of October 1, 2010, by and among Becancour Silicon Inc. (succeeded in interest by QSIP Canada ULC), Dow Corning Canada, Inc., and Quebec Silicon General Partner Inc. (14)  |
|          |   |                          | Management Contracts and Compensatory Plans |
| 10            | .6     |                          | 2006 Employee, Director and Consultant Stock Option Plan (1) |
| 10            | .7     |                          | Amendments to 2006 Employee, Director and Consultant Stock Option Plan (8) |
| 10            | .8     |                          | 2010 Annual Executive Bonus Plan (9) |
| 10            | .9     |                          | Chief Financial Officer and Chief Legal Officer Annual Bonus Plan (10) |
| 10            | .10    |                          | Framework for the 2011 Annual Executive Long Term Incentive Plan (11) |
| 10            | .11    |                          | Employment Agreement, dated January 27, 2011, between GSM and Alan Kestenbaum (11) |
| 10            | .12    |                          | Employment Agreement, dated July 5, 2011, between GSM and Jeff Bradley (12) |
| 10            | .13    |                          | Employment Agreement, dated November 30, 2011, between GSM and Malcolm Appelbaum (4) |
| 10            | .14    |                          | Employment Agreement, dated June 20, 2008, between GSM and Stephen Lebowitz (1) |
| 10            | .15    |                          | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Stephen Lebowitz (8) |
| 10            | .16    |                          | Executive Deferred Compensation Plan (4) |
| 10            | .17    |                          | Director Deferred Compensation Plan (4) |
|          |   |                          |   |
| 21            | .1     |                          | Subsidiaries (14) |
|          |   |                          |   |
| 23            | .1     |                          | Consent of KPMG LLP † |
|          |   |                          |   |
| 31            | .1     |                          | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 † |
| 31            | .2     |                          | Certification of the Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 † |
| 32            | .1     |                          | Certification of the Principal Executive Officers and Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 † |
|          |   |                          |   |
| 95            |   |                          | Mine Safety Disclosure (14) |
|          |   |                          |   |
| 101           |   |                          | The following materials from our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 formatted in eXtensible Business Reporting Language (“XBRL”): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Income, (iii) the Condensed Consolidated Statements of Changes in Stockholders’ Equity, (iv) the Condensed Consolidated Statements of Cash Flows, and (v) notes to these consolidated financial statements. * |

----

| † | Filed herewith.                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *       | Previously filed with the Annual Report on Form 10-K for the year ended June 30, 2012, filed with the Securities and Exchange Commission on August 27, 2012, which is being amended hereby.                      |
| 1       | Incorporated by reference to the exhibit with the same designation filed with the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on July 25, 2008.                       |
| 2       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 1 to the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on November 4, 2008. |
| 3       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on April 5, 2011.                                                                                                                     |
| 4       | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on February 8, 2012.                                                                                                                 |
| 5       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on June 6, 2012.                                                                                                                      |
| 6       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on April 1, 2010.                                                                                                                     |
| 7       | Incorporated by reference to exhibit to the Company’s Form 8-K filed on June 3, 2011.                                                                                                                      |
| 8       | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on February 11, 2011.                                                                                                                |
| 9       | Incorporated by reference to exhibit to the Company’s Form 10-K filed on September 28, 2010.                                                                                                               |
| 10      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on November 12, 2010.                                                                                                                |
| 11      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on May 12, 2011.                                                                                                                     |
| 12      | Incorporated by reference to exhibit to the Company’s Form 10-K filed on August 26, 2011.                                                                                                                  |
| 13      | Incorporated by reference to exhibit to the Company’s Form 8-K filed on August 2, 2011.                                                                                                                    |
| 14      | Incorporated by reference to exhibit to the Company’s Form 10-K filed on August 27, 2012.                                                                                                                  |

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