On September 27, 2012, the Board of Directors of Spectrum Group International Inc. appointed Joel R. Anderson to fill a vacancy in its class of directors whose term expires in 2012, and Ellis Landau to fill a vacancy in its class of directors whose term expires in 2013, to serve until the annual meeting of stockholders in 2013 and until his successor has been elected and has qualified. Both appointments were effective October 1, 2012. Joel R. Anderson, age 68, is the Chairman and Director of Anderson Media Corporation and its affiliated companies TNT Fireworks; Anderson Press; and Whitman Publishing Company.

Mr. Anderson studied at the University of North Alabama. Ellis Landau, age 68, is President, Treasurer and Director of last Casino Holdco, LLC. From 2007 to 2011, Mr. Landau was a member of the Board of Directors of Pinnacle Entertainment Inc.