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					($ in millions, except per share data)

                                                  #REF!                                #REF!
                                         2005A    2006A    2007A    2008P     2009P
 Total Revenue                           $370.8   $380.8   $402.5   $458.1    $468.0
   % Growth                                 NA     2.7%     5.7%    13.8%      2.2%
 COGS                                     182.5    188.6    207.7    239.6     249.8
   % of Sales                            49.2%    49.5%    51.6%    52.3%     53.4%
 Gross Profit                            $188.3   $192.2   $194.8   $218.5    $218.2
   % Margin                              50.8%    50.5%    48.4%    47.7%     46.6%
 SG&A                                      46.6     61.9     74.8     88.3      91.7
  % of Sales                             12.6%    16.3%    18.6%    19.3%     19.6%

 EBITDA                                  $141.7   $130.3   $120.0   $130.2    $126.5
  % Margin                               38.2%    34.2%    29.8%    28.4%     27.0%
 Depreciation                              14.0     11.1     12.1     14.1      14.1
   % of Sales                             3.8%     2.9%     3.0%     3.1%      3.0%
 Amortization                              25.7     18.2     18.6     19.6      19.9
   % of Sales                             6.9%     4.8%     4.6%     4.3%      4.3%
 Total D&A                                 39.7     29.3     30.7     33.7      34.0
   % of Sales                            10.7%     7.7%     7.6%     7.4%      7.3%
 Stock-Based Comp                          16.5     13.4     11.3     10.8      10.6
   % of Sales                             4.4%     3.5%     2.8%     2.4%      2.3%
 EBIT                                     $85.5    $87.6    $78.0    $85.7     $81.9
  % Margin                               23.1%    23.0%    19.4%    18.7%     17.5%
 EBITA                                   $127.7   $119.2   $107.9   $116.1    $112.4
  % Margin                               34.4%    31.3%    26.8%    25.3%     24.0%

 Interest (Income) / Expense                4.9      0.9      -       (2.4)      -
 Equity (Income)                            -        -        -        -         -
 Minority Interest                          -        -        -        -         -
 Other (Income) / Expense                   0.1      -        -       (0.1)      -
 Income Before Taxes                     $122.7   $118.3   $107.9   $118.6    $112.4
 Provision for Tax                         42.9     41.4     37.8     41.5      39.3
   % Tax Rate                            35.0%    35.0%    35.0%    35.0%     35.0%
 Cash Net Income                          $79.8    $76.9    $70.1    $77.1     $73.1
  % Margin                               21.5%    20.2%    17.4%    16.8%     15.6%
 Cash Diluted EPS                         $2.27    $2.27    $1.97    $2.14     $2.00
 Diluted Shares Out                      35.064   33.880   35.580   36.080    36.580

 Cash to GAAP Reconciliation:
  Amortization                            $16.7    $11.8    $12.1    $12.7     $12.9
  Stock-Based Comp                         10.7      8.7      7.3      7.0       6.9
  One-Time Charges                          8.2      3.4      0.7      0.1       -
 GAAP Net Income                          $44.1    $53.0    $50.0    $57.2     $53.2
 % Margin          11.9%   13.9%   12.4%   12.5%   11.4%
GAAP Diluted EPS   $1.26   $1.56   $1.41   $1.59   $1.46

Capex              $26.0   $12.5   $18.0   $16.0   $14.1
 % of Sales        7.0%    3.3%    4.5%    3.5%    3.0%
#REF!                        CAGR
2010P    2011E    2012E    2008-2012
$470.5   $475.2   $480.0       1.2%
 0.5%     1.0%     1.0%
 252.2    254.7    257.3
53.6%    53.6%    53.6%
$218.3   $220.5   $222.7       0.5%
46.4%    46.4%    46.4%
  92.4     93.3     94.3
19.6%    19.6%    19.6%

$125.9   $127.2   $128.4      (0.3%)
26.8%    26.8%    26.8%
  14.1     14.2     14.4
 3.0%     3.0%     3.0%
  20.0     20.0     20.0
 4.3%     4.2%     4.2%
  34.1     34.2     34.4
 7.2%     7.2%     7.2%
  10.7     10.8     10.9
 2.3%     2.3%     2.3%
 $81.1    $82.1    $83.1      (0.8%)
17.2%    17.3%    17.3%
$111.8   $112.9   $114.0      (0.4%)
23.8%    23.8%    23.8%

   -        -        -
   -        -        -
   -        -        -
   -        -        -
$111.8   $112.9   $114.0      (1.0%)
  39.1     39.5     39.9
35.0%    35.0%    35.0%
 $72.7    $73.4    $74.1      (1.0%)
15.4%    15.4%    15.4%
 $1.99    $2.01    $2.03      (1.3%)
36.580   36.580   36.580


 $13.0    $13.0    $13.0
   7.0      7.0      7.1
   -        -        -
 $52.7    $53.4    $54.0      (1.4%)
11.2%   11.2%   11.3%
$1.44   $1.46   $1.48   (1.8%)

$14.2   $14.3   $14.5
3.0%    3.0%    3.0%
TargetCo LBO Valuation
($ in millions, except per share data)

                                                Sources and Uses of Funds

                                                        % of        Mult. of      Interest
                                         $ mm           Total       EBITDA          Rate          Spread
Sources of Funds
 Excess Cash                             $116.6          14.3%          0.97x       2.00%              -
 Debt Assumed                             230.0          28.2%          1.91x       2.50%              -
 Minority Interest Assumed                  0.0           0.0%          0.00x          NA              -
 Debt
   Revolver                                 0.0           0.0%          0.00x       7.03%          L + 425
   Term Loan - A                          150.0          18.4%          1.24x       7.57%          L + 479
   Term Loan - B                            0.0           0.0%          0.00x       8.78%          L + 600
   Senior Note                             75.0           9.2%          0.62x       9.28%          L + 650
   Subordinated Note                        0.0           0.0%          0.00x      10.25%               -
   Mezzanine                                0.0           0.0%          0.00x      10.50%               -
   Seller Note                              0.0           0.0%          0.00x      10.50%               -
 Preferred
   Preferred Stock - A                     10.0           1.2%          0.08x      14.00%              -
   Preferred Stock - B                      0.0           0.0%          0.00x      14.25%              -
 Equity
   Common - Sponsor                       233.6          28.7%          1.94x              Current Interest Rates
   Management Rollover                      0.0           0.0%          0.00x
   Investor Rollover                        0.0           0.0%          0.00x   3-Month LIBOR
   Other                                    0.0           0.0%          0.00x   10-Year Treasury
     Total Sources                       $815.2         100.0%          6.76x   Interest on Excess Cash

Uses of Funds                                                                              Refinance Target Debt
 Equity Purchase Price
   Existing Shareholders                 $563.0          69.1%          4.67x   Refinance?
   Investor Rollover                        0.0           0.0%          0.00x
 Other Uses                                                                            Minimum Cash / Revolver
   Fund Cash Balance                        0.0           0.0%          0.00x
   Assume Debt                            230.0          28.2%          1.91x   Minimum Cash Balance
   Refinance Debt                           0.0           0.0%          0.00x   Total Bank Commitment
   Assume Minority Int.                     0.0           0.0%          0.00x
   Purchase Minority Int.                   0.0           0.0%          0.00x                    Scenario
   Fees & Expenses                         22.3           2.7%          0.18x
   Other                                    0.0           0.0%          0.00x   Financing Case
     Total Uses                          $815.2         100.0%          6.76x

                                                  Summary Credit Statistics

                                                       Year 1        Year 2       Year 3          Year 4
                                         LTM            2008          2009         2010            2011
Leverage Statistics
  Total Debt / EBITDA                                     3.51x         2.38x        2.04x           2.04x
  Senior Debt / EBITDA                              3.43x   2.31x    1.96x    1.94x
  Net Debt / EBITDA                                 3.28x   2.19x    1.67x    1.12x

Interest Coverage
  EBITDA / Senior Interest                         42.27x   9.15x   13.90x   17.73x
  EBITDA / Total Interest                          14.36x   6.42x    8.32x    9.45x
  EBITDA - Capex / Total Interest                  14.07x   5.84x    7.56x    8.59x

Cumulative Senior Debt Paydown                      1.9%    20.6%   33.0%    33.0%

                                                                                      Capital Stru
($ in millions, except per share data)



Operating Data
 EBITDA
 Capex
 Increase / (Decrease) in Working Capital

Debt Summary
 Debt Assumed
 Revolver
 Term Loan
 Senior Note
   Total Senior Debt
  Subordinated Debt
  Preferred Stock
  Non-Controlling (Minority) Interest
  Capital Leases
    Total Debt
  Cash
   Net Debt

Interest Expense & Preferred Dividends
  Interest on Assumed Debt
  Senior Interest
  Subordinated Interest
  Preferred Dividends
    Total Interest Expense & Preferred Dividends
  Cash Interest Expense

Leverage Statistics
  Total Debt / EBITDA
  Senior Debt / EBITDA
  Net Debt / EBITDA
  Total Debt / EBITDA - Capex

Interest Coverage
  EBITDA / Senior Interest
  EBITDA / Total Interest
  EBITDA / Cash Interest
  EBITDA - Capex / Senior Interest
  EBITDA - Capex / Total Interest
  EBITDA - Capex / Cash Interest
  EBITDA - Capex - Δ WC / Senior Interest
  EBITDA - Capex - Δ WC / Total Interest
  EBITDA - Capex - Δ WC / Cash Interest

Debt Paydown
 Cumulative Senior Debt Paydown
 Cumulative Debt Paydown (excl. Preferred and Minority Interest)

Returns
 Return on Equity (ROE)
 Return on Assets (ROA)

Liquidity Ratios
  Current Ratio
  Quick ("Acid Test") Ratio

Asset Utilization
 Total Asset Turnover
 Fixed Asset Turnover

Working Capital Assumptions
 Inventory Turnover
 Accounts Receivable Turnover
 Accounts Payable Turnover
 Inventory Holding Period (days)
 Days Receivable
 Days Payable


($ in millions, except per share data)
                                                        Historical FYs Ended Sep 30,          LTM
                                                                                 Year 0     Ended
                                                      2005           2006         2007     3/31/2008

Net Sales                                              $370.8       $380.8        $402.5      $420.4
 % Growth                                                 NA         2.7%          5.7%          NA
COGS                                                     182.5       188.6         207.7       219.3
  % of Sales                                            49.2%       49.5%         51.6%       52.2%
SG&A                                                      46.6        61.9          74.8        80.5
  % of Sales                                            12.6%       16.3%         18.6%       19.1%
Other                                                      0.0         0.0           0.0         0.0
  % of Sales                                             0.0%        0.0%          0.0%        0.0%
EBITDA                                                 $141.7       $130.3        $120.0      $120.6
 % Margin                                              38.2%        34.2%         29.8%       28.7%
Existing Depreciation                                     14.0         11.1         12.1        13.1
 % of Sales                                            3.8%     2.9%     3.0%     3.1%
Depreciation of Fixed Asset Write-Up                     0.0      0.0      0.0      0.0
 % of Sales                                            0.0%     0.0%     0.0%     0.0%
EBITA                                                 $127.7   $119.2   $107.9   $107.5
 % Margin                                             34.4%    31.3%    26.8%    25.6%
Existing Amortization                                   25.7     18.2     18.6     19.1
  % of Sales                                           6.9%     4.8%     4.6%     4.5%
New Intangibles Amortization                             0.0      0.0      0.0      0.0
  % of Sales                                           0.0%     0.0%     0.0%     0.0%
Stock-Based Compensation                                16.5     13.4     11.3     11.5
  % of Sales                                           4.4%     3.5%     2.8%     2.7%
EBIT                                                   $85.5    $87.6    $78.0    $76.9
 % Margin                                             23.1%    23.0%    19.4%    18.3%

Interest Expense
  Debt Assumed
  Revolver
  Term Loan - A
  Term Loan - B
  Senior Note
  Subordinated Note
  Mezzanine
  Seller Note
     Total Interest Expense

Other (Income) / Expense                                                Rate
  Interest Income                                                        2.00%
  Amortization of Capitalized Financing Costs
  Equity Income
  Sponsor Management Fee
  (Gain) / Loss on Sale of Assets
  Other Expense / (Income)
    Total Other (Income) / Expense

Income Before Tax
Income Tax Expense / (Benefit)
  Effective Tax Rate
Pro Forma GAAP Net Income
  % Margin

Preferred Stock - A Dividend                                            14.00%
Preferred Stock - B Dividend                                            14.25%
Common Stock Dividend
Non-Controlling (Minority) Interest

Pro Forma GAAP Net Income Available to Common Shareholders

Existing Fully Diluted Shares Outstanding
Shares Issued to Contributors of New Equity Capital
  Pro Forma Fully Diluted Shares Outstanding
Pro Forma GAAP EPS
Standalone GAAP EPS
$ Accretion / (Dilution)
% Accretion / (Dilution)

Pre-Tax Non-Cash Items
Less: Tax Impact
After-Tax Non-Cash Adjustments

Pro Forma Cash Net Income Available to Common Shareholders

Pro Forma Cash EPS
Standalone Cash EPS
$ Accretion / (Dilution)
% Accretion / (Dilution)

                                                                                              W
($ in millions, except per share data)




Sales
COGS
                                                                Assumptions
Non-Cash Current Asset Projections                         Method        FY2007
 Accounts Receivable                                      % of Sales       29.9%
 Inventories                                              % of COGS         0.0%
 Deferred Income Taxes                                    % of Sales        2.6%
 Prepaid Expenses & Other                                 % of COGS         4.1%
Non-Debt Current Liabilities Projections
 Accounts Payable                                         % of COGS         8.9%
 Accrued Liabilities                                      % of COGS        10.1%
 Client Deposits                                          % of Sales        6.6%
 Other Current Liabilities                                % of COGS        12.1%


($ in millions, except per share data)
                                                     Historical              Adjustments
                                               Year 0         Mar 31                  GAAP/
                                                2007            2008    Financing     Other

Assets
 Cash & Equivalents                             $132.8         $146.6     ($116.6)
 Accounts Receivable                             120.2          131.4
 Inventories                                       0.0            0.0
 Deferred Income Taxes                            10.7            8.8
 Prepaid Expenses & Other                          8.5            8.2
   Total Current Assets                         $272.2         $295.1
  PP&E, gross                                $168.9    $175.4            $15.0
  (Accumluated Depreciation)                 (136.2)   (142.4)
    PP&E, net                                 $32.7     $33.0
  Equity Investments                            0.0       0.0
  Capitalized Financing Costs                   0.0       0.0      6.4
  Goodwill, net                                60.7      61.1            379.8
  Intangible Assets, net                       40.2      37.5            116.3
  Operating Rights, net                         0.0       0.0
  Other Long-Term Assets                       16.6      14.3
    Total Assets                             $422.4    $440.9

Liabilities
  Short-Term Debt                              $0.0      $0.0     $0.0
  Accounts Payable                             18.4      20.7
  Accrued Liabilities                          21.0      15.4
  Client Deposits                              26.7       0.0
  Other Current Liabilities                    25.1      59.1
    Total Current Liabilities                 $91.2     $95.2

  Deferred Income Taxes                        $0.0      $0.0            $45.9
  Capital Leases                                0.0       0.0
  Other Long-Term Liabilities                  18.7      17.9
  Revolver                                      0.0       0.0      0.0
  Existing LT Debt (excl. current portion)    230.0     230.0      0.0
  Term Loan - A                                 0.0       0.0    150.0
  Term Loan - B                                 0.0       0.0      0.0
  Senior Note                                   0.0       0.0     75.0
  Subordinated Note                             0.0       0.0      0.0
  Mezzanine                                     0.0       0.0      0.0
  Seller Note                                   0.0       0.0      0.0
    Total Liabilities                        $339.9    $343.1

Shareholders' Equity
 Existing Shareholders' Equity                $82.5     $97.9            ($97.9)
 Non-Controlling (Minority) Interest            0.0       0.0      0.0
 Preferred Stock - A                            0.0       0.0     10.0
 Preferred Stock - B                            0.0       0.0      0.0
 Common - Sponsor                               0.0       0.0    233.6
 Management Rollover                            0.0       0.0      0.0
 Investor Rollover                              0.0       0.0      0.0
 Other                                          0.0       0.0      0.0
 Additional Paid-In Capital                     0.0       0.0
 Retained Earnings                              0.0       0.0             (15.8)
   Total Shareholders' Equity                 $82.5     $97.9

    Liabilities & Shareholders' Equity       $422.4    $440.9

Net Working Capital                           $48.2     $53.3
Change in Net Working Capital
Check                                              0.000   0.000


($ in millions, except per share data)




Operating Activities
 Net Income
 Income Statement Adjustments
   Depreciation
   Amortization of Intangibles
   Amortization of Capitalized Financing Costs
   Stock-Based Compensation
   Non-Controlling (Minority) Interest
   Accrual of Subordinated Note
   Accural of Mezzanine
   Accural of Seller Notes
   Accrual of Preferred Stock - A
   Accrual of Preferred Stock - B
 Balance Sheet Adjustments
   (Increase) / Decrease in Working Capital
   Increase / (Decrease) in Non-Current Net DTL
   Increase / (Decrease) in Other LT Liabilities
      Cash Flow from Operating Activities

Investing Activities
  Capital Expenditures
  Proceeds from the Sale of Assets
  Dividends from Equity Investments
    Cash Flow from Investing Activities

  Cash Flow Available for Debt Repayment

Financing Activities
  Revolver
  Debt Assumed
  Term Loan - A
  Term Loan - B
  Senior Note
  Subordinated Note
  Mezzanine
  Seller Note
  Preferred Stock - A
  Preferred Stock - B
    Cash Flow from Financing Activities

Change in Cash
($ in millions, except per share data)




Libor Curve

Interest Rate Assumptions
  Assumed Debt
  Revolver
  Term Loan - A
  Term Loan - B
  Senior Note
  Subordinated Note
  Mezzanine
  Seller Note
  Preferred Stock - A
  Preferred Stock - B
  Revolver Undrawn Commitment Fee                                                       0.50%

Debt Amortization Schedule                       Beginning    Scheduled
                                                  Balance      Amort.     Prepay?   Bullet Year
    Assumed Debt                                     230.0        0.0%       no       2013
    Term Loan - A                                    150.0       20.0%      yes       2013
    Term Loan - B                                       0.0       5.0%      yes       2014
    Senior Note                                       75.0        0.0%       no       2016
    Subordinated Note                                   0.0       0.0%       no       2014
    Mezzanine                                           0.0       0.0%       no       2009
    Seller Note                                         0.0       0.0%      yes       2011

Sources of Funds
 Beginning Cash Balance
 Less: Minimum Cash Balance
   Excess Cash / (Cash Deficit)
  Plus: Cash Flow Available for Debt Repayment
    Subtotal
  Incremental Revolver Borrowing
    Total Sources of Funds

Uses of Funds
 Mandatory Debt Repayment
   Assumed Debt
   Term Loan - A
   Term Loan - B
   Senior Note
   Subordinated Note
   Mezzanine
   Seller Note
     Mandatory Repayment Subtotal
  Optional Debt Repayment                                                 Repay?
    Revolver                                                                          yes
    Assumed Debt
    Term Loan - A
    Term Loan - B
    Senior Note
    Subordinated Note
    Mezzanine
    Seller Note
      Optional Repayment Subtotal
  Excess Cash Added to Balance Sheet
    Total Uses of Funds

  Check


($ in millions, except per share data)




Existing Fixed Assets                                              Beginning       Remain.        Salvage
                                              Classification        Amount           Life          Value
                                         PP&E                          $175.4           14.0           $0.0
                                         Class 2                          0.0            0.0            0.0
                                         Class 3                          0.0            0.0            0.0
                                         Class 4                          0.0            0.0            0.0



Capital Expenditures                                                                Useful        Salvage
                                                          Year       CapEx           Life          Value
                                                            2008       $16.0            20.0           $0.0
                                                            2009        14.1            20.0            0.0
                                                            2010        14.2            20.0            0.0
                                                            2011        14.3            20.0            0.0
                                                            2012        14.5            20.0            0.0
                                                            2013        14.6            20.0            0.0
                                                            2014        14.8            20.0            0.0
                                                            2015        14.9            20.0            0.0
                                                            2016        15.0            20.0            0.0
                                                            2017        15.2            20.0            0.0


             Manual or Computed Depreciation                       Total Computed Depreciation Expense
                 0=Manual, 1=Computed                              Analyst-Projected (Manual) Depreciation Expense
             0                 Manual
                                                                   Book Depreciation Expense


($ in millions, except per share data)
Income Tax Rate

Book                                                             Deal Structure
 Book Taxable Income                                   0=Stock Purchase, 1=Asset Purchase
 + Adjustments                                           0            Stock Purchase
 = Adjusted Book Taxable Income
   Income Tax Expense                                         Intangibles Amortization
                                                                          Book           Tax
Tax                                                  Period (yrs)           5.0          15.0
  Book Taxable Income                                Expense              $23.3          $0.0
  + Book Amortization of Intangibles
  + Book Amortization of Goodwill                              Goodwill Amortization
  + Book Depreciation                                                    Book            Tax
  + Book (Gain) / Loss on Sale of Assets             Period (yrs)           NA           15.0
  + Non-Deductible Expenses                          Expense              $0.0           $0.0
  - Tax Amortization of Intangibles
  - Tax Amortization of Goodwill                              Fixed Asset Depreciation
  - Tax Depreciation                                                      Book           Tax
  - Tax (Gain) / Loss on Sale of Assets              Period (yrs)           8.0           6.0
  = Pre-NOL Taxable Income                           Expense               $1.9          $0.0
  - Pre-Deal NOLs Used
  - Post-Deal NOLs Used                                Federal        Equity        Sec. 382      NOL
  = Post-NOL Taxable Income                             Rate          Value          Limit      Expiration
     Cash Taxes Payable                                  4.46%         $563.0          $25.1        5

Pre-Deal NOL Detail
  Beginning NOL Balance
  - Pre-Deal NOLs Used / Acquisition Accounting Adj.
  Ending NOL Balance

Post-Deal NOL Detail
 Beginning NOL Balance
 - Post-Deal NOLs Used
 + NOL Carrryforward from Current Period
 Ending NOL Balance

Deferred Taxes
 Increase / Decrease in Net Deferred Tax Liability


($ in millions, except per share data)




Estimated Sale Proceeds
Book Basis in Assets Sold
Tax Basis in Assets Sold
Book Gain / (Loss) on Sale
Tax Gain / (Loss) on Sale

Allocation to Balance Sheet
  PP&E, gross
  Equity Investments
  Operating Rights, net
  Other Long-Term Assets


($ in millions, except per share data)




Revenue Growth
 Management Case
 Analyst Case
 Downside Case
  Analyst Case

COGS (% of Sales)
 Management Case
 Analyst Case
 Downside Case
  Analyst Case

SG&A (% of Sales)
 Management Case
 Analyst Case
 Downside Case
  Analyst Case

Other (% of Sales)
  Management Case
  Analyst Case
  Downside Case
  Analyst Case

                                                                                         C
($ in millions, except per share data)

                                                                  Financing Scenarios
Case                                        1            2          3            4

Description                              No deal       Refi A     Refi B       LBO A

Sources of Funds
 Excess Cash                                    $0.0       $0.0       $0.0      $116.6
 Debt Assumed                                    0.0      230.0      230.0       230.0
 Minority Interest Assumed                       0.0        0.0        0.0         0.0
  Revolver                                    0.0          0.0             0.0                0.0
  Term Loan - A                               0.0        (29.2)          (74.0)             150.0
  Term Loan - B                               0.0          0.0             0.0                0.0
  Senior Note                                 0.0         50.0           100.0               75.0
  Subordinated Note                           0.0          0.0             0.0                0.0
  Mezzanine                                   0.0          0.0             0.0                0.0
  Seller Note                                 0.0          0.0             0.0                0.0
  Preferred Stock - A                         0.0          0.0             0.0               10.0
  Preferred Stock - B                         0.0          0.0             0.0                0.0
  Common - Sponsor                            0.0          0.0             0.0              233.6
  Management Rollover                         0.0          0.0             0.0                0.0
  Investor Rollover                           0.0          0.0             0.0                0.0
  Other                                       0.0          0.0             0.0                0.0
  # Total Sources                            $0.0       $250.8          $256.0             $815.2

Uses of Funds
 Existing Shareholders                       $0.0         $0.0            $0.0             $563.0
 Investor Rollover                            0.0          0.0             0.0                0.0
 Fund Cash Balance                            0.0         10.0            15.0                0.0
 Assume Debt                                  0.0        230.0           230.0              230.0
 Refinance Debt                               0.0          0.0             0.0                0.0
 Tender / Call Premium                        0.0          0.0             0.0                0.0
 Assume Minority Int.                         0.0          0.0             0.0                0.0
 Purchase Minority Int.                       0.0          0.0             0.0                0.0
 Expensed Transaction Costs                   0.0          8.5             8.5               15.8
 Capitalized Financing Costs                  0.0          2.3             2.5                6.4
 Other                                        0.0          0.0             0.0                0.0
   Total Uses                                $0.0       $250.8          $256.0             $815.2

LBO?                                       no            no             no                 yes

Check                                       0.000        0.000           0.000             0.000

                                                                                                    Transac
($ in millions, except per share data)
                                         Fees (%)                              Computation Metric
M&A / Sponsor Fees
  Bank Fee                                 0.65%    of Transaction Value (x-Fees & Expenses):
  Sponsor Fee                              0.65%    of Transaction Value (x-Fees & Expenses):
Financing Fees
  Revolver                                 1.75%    of Total Facility Size (Commitment):
  Term Loan - A                            2.00%    of Total Principal Amount:
  Term Loan - B                            1.75%    of Total Principal Amount:
  Senior Note                              2.25%    of Total Principal Amount:
  Subordinated Note                        3.00%    of Total Principal Amount:
  Mezzanine                                0.00%    of Total Principal Amount:
  Seller Note                              0.00%    of Total Principal Amount:
  Preferred Stock - A                      0.00%    of Total Principal Amount:
  Preferred Stock - B                      0.00%    of Total Principal Amount:
Other Miscellaneous Fees
  Legal
  Accounting
  Printing
  Other
  Target's Expenses


Amortization of Capitalized Financing Costs

                                                                        Amort.           Annual
                                                                        Period          Expense
  Revolver                                                                      5.0          $0.4
  Term Loan - A                                                                 5.0           0.6
  Term Loan - B                                                             2,014.0           0.0
  Senior Note                                                               2,016.0           0.0
  Subordinated Note                                                         2,014.0           0.0
  Mezzanine                                                                 2,009.0           0.0
  Seller Note                                                               2,011.0           0.0
    Total Annual Amortization

                                                                                                                           D
($ in millions, except per share data)
                                           2 Mos.
                                           Ending        Year 2         Year 3           Year 4         Year 5
                                          9/30/2008       2009           2010             2011           2012

Revenue                                       $76.4        $468.0           $470.5         $475.2         $480.0
  % Growth                                   13.8%          2.2%             0.5%           1.0%           1.0%
EBITDA                                         21.7         156.5            155.9          157.2          158.4
  % Margin                                   28.4%         33.4%            33.1%          33.1%          33.0%
Less: Depreciation                              (2.4)       (16.0)           (16.0)         (16.1)         (16.3)
EBITA                                         $19.3        $140.5           $139.9         $141.0         $142.2
  Tax Rate                                   35.0%         35.0%            35.0%          35.0%          35.0%
Unlevered Net Income                          $12.5         $91.3            $91.0          $91.7          $92.4
Plus: Depreciation                               2.4         16.0             16.0           16.1           16.3
Less: Capital Expenditures                      (2.7)       (14.1)           (14.2)         (14.3)         (14.5)
Less: Change in Working Capital                 (0.6)         (2.5)             0.0           (0.5)          (0.5)
Less: Change in Deferred Tax                    (1.5)         (8.8)            (8.8)          (8.8)          (8.8)
  Unlevered Free Cash Flow                    $10.2         $81.9            $84.0          $84.1          $84.9

DCF Analysis: EBITDA Multiple Method

                                         Total Enterprise Value                        Total Equity Value (1)
                                                 Terminal EBITDA Multiple                      Terminal EBITDA Multiple
                                                4.0x          4.5x          5.0x              4.0x            4.5x
              Discount         11.0%         $675.2         $726.4        $777.7           $591.8          $643.1
                  Rate         12.0%         $654.4         $703.8        $753.2           $571.0          $620.4
              (WACC)           13.0%         $634.4         $682.0        $729.6           $551.0          $598.6

                                         Implied Perpetuity Growth Rate                Total Price Per Share (2)
                                                 Terminal EBITDA Multiple                       Terminal EBITDA Multiple
                                                4.0x           4.5x          5.0x          4.0x           4.5x
              Discount         11.0%          (2.1%)         (0.8%)         0.3%         $16.83         $18.29
                  Rate         12.0%          (1.2%)          0.1%          1.2%         $16.24         $17.64
              (WACC)           13.0%          (0.3%)          1.0%          2.1%         $15.67         $17.03

DCF Analysis: Perpetuity Growth Method

                                         Total Enterprise Value                      Total Equity Value (1)
                                              Terminal Perpetuity Growth Rate             Terminal Perpetuity Growth Rate
                                               0.5%          1.0%           1.5%           0.5%            1.0%
              Discount         11.0%         $790.8         $819.8         $851.9        $707.4          $736.4
                  Rate         12.0%         $721.7         $745.1         $770.8        $638.3          $661.7
              (WACC)           13.0%         $663.7         $682.9         $703.7        $580.3          $599.5

                                         Implied Terminal EBITDA Multiple            Total Price Per Share (2)
                                              Terminal Perpetuity Growth Rate             Terminal Perpetuity Growth Rate
                                               0.5%          1.0%           1.5%           0.5%          1.0%
              Discount         11.0%            5.1x          5.4x            5.7x       $20.12         $20.95
                  Rate         12.0%            4.7x          4.9x            5.2x       $18.15         $18.82
              (WACC)           13.0%            4.3x          4.5x            4.7x       $16.50         $17.05


($ in millions, except per share data)

                                                                                                Shares & Options
                                                                        Pre-Deal        Adj.       Post-Deal
  Basic Shares / Retained Equity                                           34.922       (34.922)        0.000
  Options                                                                   1.456        (1.456)        0.000
  Sponsor Equity                                                            0.000        14.591        14.591
  Management Rollover                                                       0.000         0.000         0.000
  Investor Rollover                                                         0.000         0.000         0.000
  Other New Equity                                                          0.000         0.000         0.000
  Preferred Stock - A                                                       0.000         0.625         0.625
  Preferred Stock - B                                                       0.000         0.000         0.000
  Subordinated Debt Equity                                                  0.000         0.000         0.000
  Management Performance Equity                                             0.000         0.000         0.000
    Total                                                                  36.378                      15.215




Equity Value Calculation
 EBITDA Multiple Method
   Forward EBITDA Multiple
   Exit Year EBITDA                                                       Valuation Multiple           Net
      Exit Year Enterprise Value                                        0=EBITDA, 1=GAAP P/E         Income
   Less: Net Debt                                                          0         EBITDA           GAAP
   Plus: Proceeds from Options Rollover
      Total Equity Value at Exit                                          Exit        EBITDA        GAAP P/E
                                                                          Year        Multiple       Multiple
 GAAP P/E Multiple Method                          2012   5.0x   14.0x
  Forward P/E Multiple
  Exit Year GAAP Net Income
  Plus: Proceeds from Options Rollover
    Total Equity Value at Exit

 Equity Value Used in Calculating Equity Returns

Assumptions Used in Equity Returns Calculations
 Subordinated Note
   Call Premium (%)
   Call Premium ($)

Cash Flows to Contributors of Capital
 Subordinated Note
   Initial Investment
   Cash Interest Payments
   Take-Out Premium
   Paydown of Principal
   Principal
   Equity Participation at Exit
      Total Cash Flows
      XIRR
 Preferred Stock - A
   Initial Investment
   Cash Dividends
   Paydown of Principal
   Principal
   Equity Participation at Exit
      Total Cash Flows
      XIRR
 Preferred Stock - B
   Initial Investment
   Cash Dividends
   Paydown of Principal
   Principal
   Equity Participation at Exit
      Total Cash Flows
      XIRR
 Management Equity
  Initial Investment
  Cash Dividends
  Principal
  Equity Participation at Exit
     Total Cash Flows
     XIRR
 Investor Rollover Equity
   Initial Investment
   Cash Dividends
  Principal
  Equity Participation at Exit
    Total Cash Flows
    XIRR
Sponsor Equity
  Initial Investment
  Cash Dividends
  Principal
  Equity Participation at Exit
     Total Cash Flows
     XIRR
                                                         Valuation Summary                                                        Pro F

                              Roll Over Options: 0=Liquidate, 1=Roll Over                    0          Sponsor
               Years PIK                                                                                Management
                              Current Target Stock Price                                    $12.81      Investor Rollover
                          -   Offer Premium                                                 25.0%       Other New Equity
                      0       Offer Price Per Target Share                                  $16.01      Preferred Stock - A
                          -                                                                             Preferred Stock - B
                              Fully Diluted Shares Outstanding (mm)                         35.159        Total
                      0       Equity Purchase Price                                         $563.0
                      0       Target Pro Forma Net Debt                                       83.4
                      0        Pro Forma Enterprise Value                                   $646.4
                      0
                      5                      Pro Forma Enterprise Value Multiples
                      0                                                  Metric           Multiple
                      2       LTM Sales                                    $420.4            1.54x
                              FY 2008 PF Sales                               458.1           1.41x
                      3       FY 2009 PF Sales                               468.0           1.38x
                      3                                                                                                   Purchase Pr
                              LTM EBITDA                                         $120.6          5.4x
nt Interest Rates             FY 2008 PF EBITDA                                   130.2          5.0x   % of Excess PP Allocated to In
                              FY 2009 PF EBITDA                                   156.5          4.1x   Intangibles Amortization Period
                     2.78%                                                                              Fixed Asset Write-Up
                     4.50%                        Operating Performance Drivers                         Fixed Asset Depreciation Perio
                     2.00%
                              Operating Case: Analyst Case                                   2          Recap Accounting?
ance Target Debt
                              COGS Savings                                                   $10.0      Equity Purchase Price
                     no       SG&A Savings                                                    20.0      Transaction Fees
                              Total Savings                                                  $30.0      Book Value of Net Assets
m Cash / Revolver                                                                                       Excess Purchase Price to Alloc
                                                      Calendarization / Timing                          Net Asset Step-Ups:
                      $30.0                                                                               Fixed Asset Write-Up
                     $100.0   Last Fiscal Year End                                        9/30/2007       Indentifiable Intangibles Write
                              LTM End Date                                                3/31/2008       Write Off Target's Existing G
 Scenario                     Current Date                                                5/17/2008       Write Down Target's Existing
                              Expected Closing Date                                       7/31/2008       Write Off Target's Existing D
                      4       Months from Last FYE to LTM End                                    6        DTL from Asset Write-Ups
                              Months from Closing to Next FYE                                    2      Goodwill Created
                               Stub Allocation                                              16.7%

                                                   Other Switches / Assumptions
                    Year 5                                                                              Target Code Name
                     2012     Sponsor Management Fee                                          $0.0      Model Created / Modified by:
                              Percent of Equity Retained                                     0.0%
                      2.02x   Equity to Subordinated Debt at Exit                            0.0%
       1.93x    Additional Equity to Management at Exit                               0.0%    Last Modified:
       0.59x                                                                                  File Name:
                               Circular Reference Breaker / Model Check

      17.64x    To break a circ. reference, toggle average interest off then back on:
       9.39x    Average Interest: 0=No, 1=Yes                                         1
       8.54x

      33.0%

Capital Structure, Credit Statistics, & Ratio Analysis

    LTM/           Year 1          Year 2         Year 3          Year 4          Year 5        Year 6
   Closing          2008            2009           2010            2011            2012          2013

      $120.6         $130.2         $156.5          $155.9          $157.2          $158.4        $159.7
                        2.7           14.1            14.2            14.3            14.5          14.6
                        0.6            2.5            (0.0)            0.5             0.5           0.5


      $230.0         $230.0         $230.0          $230.0          $230.0          $230.0           $0.0
         0.0            0.0            0.0             0.0             0.0             0.0            0.0
       150.0          141.2           56.1             0.0             0.0             0.0            0.0
        75.0           75.0           75.0            75.0            75.0            75.0           75.0
      $455.0         $446.2         $361.1          $305.0          $305.0          $305.0          $75.0
         0.0            0.0            0.0             0.0             0.0             0.0            0.0
        10.0           10.2           11.8            13.5            15.2            15.2           15.2
         0.0            0.0            0.0             0.0             0.0             0.0            0.0
         0.0            0.0            0.0             0.0             0.0             0.0            0.0
      $465.0         $456.5         $372.9          $318.5          $320.2          $320.2          $90.2
        30.0           30.0           30.0            58.5           143.7            226.8          82.7
      $435.0         $426.5         $342.9          $260.1          $176.5            $93.5          $7.5


                       $5.8            $5.8            $5.8            $5.8            $5.8          $2.9
                        3.1            17.1            11.2             8.9             9.0           9.1
                        0.0             0.0             0.0             0.0             0.0           0.0
                        0.2             1.5             1.8             2.0             2.1           2.1
                       $9.1           $24.4           $18.7           $16.6           $16.9         $14.1
                       $8.8           $22.8           $17.0           $14.9           $16.9         $14.1


       3.86x          3.51x           2.38x           2.04x           2.04x           2.02x         0.56x
       3.77x          3.43x           2.31x           1.96x           1.94x           1.93x         0.47x
       3.61x          3.28x           2.19x           1.67x           1.12x           0.59x         0.05x
          NA          3.58x           2.62x           2.25x           2.24x           2.22x         0.62x


                     42.27x           9.15x          13.90x          17.73x         17.64x        17.58x
                     14.36x           6.42x           8.32x           9.45x          9.39x        11.33x
               14.74x          6.85x     9.19x    10.51x         9.39x        11.33x
               41.40x          8.33x    12.64x    16.12x        16.03x        15.97x
               14.07x          5.84x     7.56x     8.59x         8.54x        10.30x
               14.44x          6.23x     8.36x     9.56x         8.54x        10.30x
               41.20x          8.18x    12.64x    16.06x        15.97x        15.91x
               14.00x          5.74x     7.56x     8.56x         8.50x        10.26x
               14.37x          6.12x     8.36x     9.52x         8.50x        10.26x


                1.9%       20.6%        33.0%     33.0%         33.0%         83.5%
                1.9%       20.6%        33.0%     33.0%         33.0%         83.5%


               17.5%       16.6%        22.7%     23.1%         22.8%         25.2%
                5.5%        6.7%         8.1%      7.8%          7.2%          8.1%


  187.5%      180.1%      181.9%       208.0%    286.7%        361.7%        228.3%
  169.6%      159.1%      160.9%       186.9%    265.6%        340.7%        207.3%


                0.54x          0.57x     0.58x     0.56x         0.53x         0.57x
                9.52x          9.89x    10.35x    10.88x        11.47x        12.10x


                  NM          NM           NM        NM            NM            NM
                3.57x       3.39x        3.36x     3.37x         3.37x         3.37x
               12.07x      11.27x       11.33x    11.33x        11.33x        11.33x
                  NM          NM           NM        NM            NM            NM
                102.4       107.8        108.7     108.4         108.4         108.4
                 30.2        32.4         32.2      32.2          32.2          32.2

            Income Statement

 2 Mos.                                            Projected Fiscal Years Ending September 30,
 Ending      Year 1       Year 2       Year 3    Year 4        Year 5        Year 6
9/30/2008     2008         2009         2010      2011          2012          2013

    $76.4      $458.1      $468.0       $470.5    $475.2        $480.0        $484.8
      NA       13.8%        2.2%         0.5%      1.0%          1.0%          1.0%
     39.9       239.6       239.8        242.2     244.7         247.3         249.8
   52.3%       52.3%       51.2%        51.5%     51.5%         51.5%         51.5%
     14.7        88.3        71.7         72.4      73.3          74.3          75.2
   19.3%       19.3%       15.3%        15.4%     15.4%         15.5%         15.5%
      0.0         0.0         0.0          0.0       0.0           0.0           0.0
    0.0%        0.0%        0.0%         0.0%      0.0%          0.0%          0.0%
    $21.7      $130.2      $156.5       $155.9    $157.2        $158.4        $159.7
   28.4%       28.4%       33.4%        33.1%     33.1%         33.0%         32.9%
      2.4        14.1           14.1      14.1      14.2          14.4          14.5
 3.1%     3.1%     3.0%     3.0%     3.0%     3.0%     3.0%
   0.1      0.3      1.9      1.9      1.9      1.9      1.9
 0.1%     0.1%     0.4%     0.4%     0.4%     0.4%     0.4%
 $19.3   $115.8   $140.5   $139.9   $141.0   $142.2   $143.3
25.3%    25.3%    30.0%    29.7%    29.7%    29.6%    29.6%
   3.3     19.6     17.9      0.0      0.0      0.0      0.0
 4.3%     4.3%     3.8%     0.0%     0.0%     0.0%     0.0%
   0.6      3.9     23.3     23.3     23.3     23.3     19.4
 0.8%     0.8%     5.0%     4.9%     4.9%     4.8%     4.0%
   1.8     10.8     10.6     10.7     10.8     10.9     11.0
 2.4%     2.4%     2.3%     2.3%     2.3%     2.3%     2.3%
 $13.6    $81.5    $88.8   $106.0   $107.0   $108.0   $112.9
17.8%    17.8%    19.0%    22.5%    22.5%    22.5%    23.3%


  $1.0     $5.8     $5.8     $5.8     $5.8     $5.8     $2.9
   0.1      0.1      0.5      0.5      0.5      0.5      0.5
   1.8      1.8      8.7      2.6      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   1.2      1.2      7.9      8.1      8.4      8.5      8.6
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
  $4.0     $8.8    $22.8    $17.0    $14.6    $14.7    $12.0


  $0.1     $1.6     $0.6     $0.9     $2.0     $3.7     $3.1
   0.2      0.2      1.0      1.0      1.0      1.0      0.8
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   1.2      7.2      0.0      0.0      0.0      0.0      0.0
  $1.5     $9.0     $1.6     $1.8     $3.0     $4.7     $3.9

  $8.1    $63.7    $64.4    $87.2    $89.4    $88.6    $97.1
   2.8     22.3     22.5     30.5     31.3     31.0     34.0
35.0%    35.0%    35.0%    35.0%    35.0%    35.0%    35.0%
  $5.3    $41.4    $41.8    $56.7    $58.1    $57.6    $63.1
 6.9%     9.0%     8.9%    12.0%    12.2%    12.0%    13.0%

  $0.2     $0.2     $1.5     $1.8     $2.0     $2.1     $2.1
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0      0.0      0.0      0.0

  $5.0    $41.2    $40.3    $54.9    $56.1    $55.5    $61.0

36.080   36.080   36.580   36.580   36.580   36.580   36.580
15.215   15.215   15.215   15.215   15.215   15.215   15.215
51.295   51.295   51.795   51.795   51.795   51.795   51.795
                   NM             NM         NM         NM            NM            NM
                 $1.59          $1.46      $1.44      $1.46         $1.48           NA
                   NM             NM         NM         NM            NM            NA
                  NM             NM         NM         NM            NM             NA

                 $34.4          $52.7      $34.9      $35.0         $35.1         $31.2
                 (12.1)         (18.4)     (12.2)     (12.3)        (12.3)        (10.9)
                 $22.4          $34.3      $22.7      $22.8         $22.8         $20.3

                 $63.5          $74.6      $77.6      $78.9         $78.3         $81.2

                   NM             NM         NM         NM            NM            NM
                 $2.14          $2.00      $1.99      $2.01         $2.03           NA
                   NM             NM         NM         NM            NM            NA
                  NM             NM         NM         NM            NM             NA

        Working Capital Assumptions

Historical                                            Projected Fiscal Years Ending September 30,
 Year 0       Year 1       Year 2        Year 3     Year 4        Year 5        Year 6
  2007         2008         2009          2010       2011          2012          2013
   $402.5       $458.1         $468.0     $470.5     $475.2        $480.0        $484.8
    207.7        239.6          239.8      242.2      244.7         247.3         249.8


   $120.2       $136.8         $139.7     $140.5     $141.9        $143.3        $144.7
      0.0          0.0            0.0        0.0        0.0           0.0           0.0
     10.7         12.1           12.4       12.5       12.6          12.7          12.8
      8.5          9.8            9.8        9.9       10.0          10.2          10.3

    $18.4        $21.3          $21.3      $21.5      $21.7         $21.9         $22.2
     21.0         24.3           24.3       24.5       24.8          25.1          25.3
     26.7         30.3           31.0       31.2       31.5          31.8          32.1
     25.1         28.9           29.0       29.2       29.5          29.9          30.2

               Balance Sheet

Pro Forma                                             Projected Fiscal Years Ending September 30,
 Closing      Year 1       Year 2        Year 3     Year 4        Year 5        Year 6
7/31/2008      2008         2009          2010       2011          2012          2013


    $30.0        $30.0          $30.0      $58.5     $143.7        $226.8         $82.7
    131.4        136.8          139.7      140.5      141.9         143.3         144.7
      0.0          0.0            0.0        0.0        0.0           0.0           0.0
      8.8         12.1           12.4       12.5       12.6          12.7          12.8
      8.2          9.8            9.8        9.9       10.0          10.2          10.3
   $178.5       $188.7         $192.0     $221.3     $308.2        $392.9        $250.5
$190.4    $193.1    $207.2    $221.4    $235.7    $250.1    $264.7
(142.4)   (144.8)   (160.8)   (176.8)   (192.9)   (209.2)   (225.6)
 $48.0     $48.2     $46.4     $44.6     $42.8     $41.0     $39.2
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   6.4       6.3       5.3       4.4       3.4       2.5       1.7
 440.9     440.9     440.9     440.9     440.9     440.9     440.9
 153.8     149.9     108.7      85.5      62.2      38.9      19.6
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
  14.3      14.3      14.3      14.3      14.3      14.3      14.3
$841.9    $848.3    $807.5    $810.9    $871.8    $930.5    $766.1


  $0.0      $0.0      $0.0      $0.0      $0.0      $0.0      $0.0
  20.7      21.3      21.3      21.5      21.7      21.9      22.2
  15.4      24.3      24.3      24.5      24.8      25.1      25.3
   0.0      30.3      31.0      31.2      31.5      31.8      32.1
  59.1      28.9      29.0      29.2      29.5      29.9      30.2
 $95.2    $104.8    $105.5    $106.4    $107.5    $108.6    $109.7

 $45.9     $44.5     $35.7     $26.9     $18.1      $9.3      $1.9
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
  17.9      17.9      17.9      17.9      17.9      17.9      17.9
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
 230.0     230.0     230.0     230.0     230.0     230.0       0.0
 150.0     141.2      56.1       0.0       0.0       0.0       0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
  75.0      75.0      75.0      75.0      75.0      75.0      75.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
$614.0    $613.4    $520.2    $456.2    $448.5    $440.8    $204.5


  $0.0      $0.0      $0.0      $0.0      $0.0      $0.0      $0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
  10.0      10.2      11.8      13.5      15.2      15.2      15.2
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
 233.6     233.6     233.6     233.6     233.6     233.6     233.6
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   0.0       0.0       0.0       0.0       0.0       0.0       0.0
   0.0       1.8      12.4      23.1      33.9      44.8      55.8
 (15.8)    (10.8)     29.5      84.4     140.5     196.0     256.9
$227.8    $234.9    $287.3    $354.7    $423.3    $489.6    $561.6

$841.9    $848.3    $807.5    $810.9    $871.8    $930.5    $766.1

 $53.3     $53.9     $56.4     $56.4     $57.0     $57.5     $58.1
             0.6       2.5      (0.0)      0.5       0.5       0.5
   0.000         0.000        0.000        0.000       0.000            0.000        0.000

            Cash Flow Statement

              2 Mos.                                             Projected Fiscal Years Ending September 30,
              Ending       Year 2        Year 3      Year 4           Year 5        Year 6
             9/30/2008      2009          2010        2011             2012          2013


                  $5.0        $40.3        $54.9       $56.1            $55.5         $61.0

                   2.4            16.0      16.0        16.1             16.3          16.4
                   3.9            41.1      23.3        23.3             23.3          19.4
                   0.2             1.0       1.0         1.0              1.0           0.8
                   1.8            10.6      10.7        10.8             10.9          11.0
Years PIK          0.0             0.0       0.0         0.0              0.0           0.0
    5              0.0             0.0       0.0         0.0              0.0           0.0
    0              0.0             0.0       0.0         0.0              0.0           0.0
    2              0.0             0.0       0.0         0.0              0.0           0.0
    3              0.2             1.5       1.8         1.7              0.0           0.0
    3              0.0             0.0       0.0         0.0              0.0           0.0

                 ($0.6)       ($2.5)        $0.0       ($0.5)           ($0.5)        ($0.5)
                  (1.5)        (8.8)        (8.8)       (8.8)            (8.8)         (7.4)
                   0.0          0.0          0.0         0.0              0.0           0.0
                 $11.4        $99.2        $98.7       $99.6            $97.5        $100.6


                 ($2.7)       ($14.1)      ($14.2)     ($14.3)         ($14.5)       ($14.6)
                   0.0           0.0          0.0         0.0             0.0           0.0
                   0.0           0.0          0.0         0.0             0.0           0.0
                 ($2.7)       ($14.1)      ($14.2)     ($14.3)         ($14.5)       ($14.6)

                  $8.8        $85.1        $84.6       $85.3            $83.0         $86.0


                  $0.0          $0.0         $0.0       $0.0             $0.0          $0.0
                   0.0           0.0          0.0        0.0              0.0        (230.0)
                  (8.8)        (85.1)       (56.1)       0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                   0.0           0.0          0.0        0.0              0.0           0.0
                 ($8.8)       ($85.1)      ($56.1)      $0.0             $0.0       ($230.0)

                  $0.0            $0.0     $28.5       $85.3            $83.0       ($144.0)

              Debt Schedule
             2 Mos.                                       Projected Fiscal Years Ending September 30,
             Ending      Year 2     Year 3     Year 4          Year 5        Year 6
            9/30/2008     2009       2010       2011            2012          2013
               2.78%      4.03%      4.36%      4.65%           4.81%         4.95%

LIBOR +
                2.5%       2.5%       2.5%       2.5%            2.5%          2.5%
   4.25%       7.03%      8.28%      8.61%      8.90%           9.06%         9.20%
   4.79%       7.57%      8.82%      9.15%      9.44%           9.60%         9.74%
   6.00%       8.78%     10.03%     10.36%     10.65%          10.81%        10.95%
   6.50%       9.28%     10.53%     10.86%     11.15%          11.31%        11.45%
              10.25%     10.25%     10.25%     10.25%          10.25%        10.25%
              10.50%     10.50%     10.50%     10.50%          10.50%        10.50%
              10.50%     10.50%     10.50%     10.50%          10.50%        10.50%
              14.00%     14.00%     14.00%     14.00%          14.00%        14.00%
              14.25%     14.25%     14.25%     14.25%          14.25%        14.25%
                 $0.1       $0.5       $0.5       $0.5            $0.5          $0.5


Years PIK
    0           0.0%       0.0%       0.0%       0.0%            0.0%        100.0%
    0           3.3%      20.0%      20.0%      20.0%           20.0%         16.7%
    0           0.8%       5.0%       5.0%       5.0%            5.0%          5.0%
    0           0.0%       0.0%       0.0%       0.0%            0.0%          0.0%
    5           0.0%       0.0%       0.0%       0.0%            0.0%          0.0%
    0           0.0%     100.0%       0.0%       0.0%            0.0%          0.0%
    2           0.0%       0.0%       0.0%     100.0%            0.0%          0.0%


                $30.0      $30.0      $30.0      $58.5          $143.7        $226.8
                (30.0)     (30.0)     (30.0)     (30.0)          (30.0)        (30.0)
                 $0.0       $0.0       $0.0      $28.5          $113.7        $196.8
                  8.8       85.1       84.6       85.3            83.0          86.0
                 $8.8      $85.1      $84.6     $113.7          $196.8        $282.7
                 $0.0       $0.0       $0.0       $0.0            $0.0          $0.0
                 $8.8      $85.1      $84.6     $113.7          $196.8        $282.7




                 $0.0       $0.0       $0.0       $0.0            $0.0        $230.0
                  5.0       30.0       30.0        0.0             0.0           0.0
                  0.0        0.0        0.0        0.0             0.0           0.0
                  0.0        0.0        0.0        0.0             0.0           0.0
                  0.0        0.0        0.0        0.0             0.0           0.0
                  0.0        0.0        0.0        0.0             0.0           0.0
                  0.0        0.0        0.0        0.0             0.0           0.0
                 $5.0      $30.0      $30.0       $0.0            $0.0        $230.0
                                    $0.0          $0.0      $0.0      $0.0           $0.0          $0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     3.8          55.1      26.1       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                    $3.8         $55.1     $26.1      $0.0           $0.0          $0.0
                                     0.0           0.0      28.5     113.7          196.8          52.7
                                    $8.8         $85.1     $84.6    $113.7         $196.8        $282.7

                                  0.000          0.000     0.000     0.000          0.000        0.000

                          Book Depreciation Schedule

                               2 Mos.                                        Projected Fiscal Years Ending September 30,
                               Ending          Year 2    Year 3    Year 4         Year 5        Year 6
                              9/30/2008         2009      2010      2011           2012          2013

                                                                        Depreciation of Existing Fixed Assets
                                    $2.1         $12.5     $12.5     $12.5          $12.5         $12.5
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
                                     0.0           0.0       0.0       0.0            0.0           0.0
               Subtotal             $2.1         $12.5     $12.5     $12.5          $12.5         $12.5


                                                                        Depreciation of Capital Expenditures
                                    $0.1          $0.8      $0.8      $0.8          $0.8          $0.8
                                                   0.7       0.7       0.7           0.7           0.7
                                                             0.7       0.7           0.7           0.7
                                                                       0.7           0.7           0.7
                                                                                     0.7           0.7
                                                                                                   0.7




               Subtotal             $0.1          $1.5      $2.2      $2.9           $3.7          $4.4

                                    $2.2         $14.0     $14.7     $15.5          $16.2         $16.9
preciation Expense                   2.4          14.1      14.1      14.2           14.4          14.5

                                    $2.4         $14.1     $14.1     $14.2          $14.4         $14.5

                                Tax Schedule

                               2 Mos.                                        Projected Fiscal Years Ending September 30,
                               Ending          Year 2    Year 3    Year 4         Year 5        Year 6
        9/30/2008        2009         2010        2011             2012          2013
            35.0%         35.0%        35.0%       35.0%            35.0%         35.0%


              $8.1         $64.4        $87.2       $89.4            $88.6         $97.1
               0.0           0.0          0.0         0.0              0.0           0.0
              $8.1         $64.4        $87.2       $89.4            $88.6         $97.1
              $2.8         $22.5        $30.5       $31.3            $31.0         $34.0


              $8.1         $64.4        $87.2       $89.4            $88.6         $97.1
               3.9          23.3         23.3        23.3             23.3          19.4
               0.0           0.0          0.0         0.0              0.0           0.0
               0.3           1.9          1.9         1.9              1.9           1.9
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
             $12.3         $89.5       $112.3      $114.5           $113.7        $118.3
               0.0           0.0          0.0         0.0              0.0           0.0
               0.0           0.0          0.0         0.0              0.0           0.0
             $12.3         $89.5       $112.3      $114.5           $113.7        $118.3
              $4.3         $31.3        $39.3       $40.1            $39.8         $41.4


$0.0          $0.0             $0.0      $0.0        $0.0             $0.0          $0.0
 0.0           0.0              0.0       0.0         0.0              0.0           0.0
$0.0          $0.0             $0.0      $0.0        $0.0             $0.0          $0.0


              $0.0             $0.0      $0.0        $0.0             $0.0          $0.0
               0.0              0.0       0.0         0.0              0.0           0.0
               0.0              0.0       0.0         0.0              0.0           0.0
              $0.0             $0.0      $0.0        $0.0             $0.0          $0.0


             ($1.5)        ($8.8)        ($8.8)      ($8.8)          ($8.8)        ($7.4)

       Projected Asset Sales

         2 Mos.                                               Projected Fiscal Years Ending September 30,
         Ending         Year 2        Year 3      Year 4           Year 5        Year 6
        9/30/2008        2009          2010        2011             2012          2013

              $0.0             $0.0      $0.0        $0.0             $0.0          $0.0
               0.0              0.0        0.0         0.0             0.0           0.0
               0.0              0.0        0.0         0.0             0.0           0.0
                                   0.0          0.0         0.0         0.0         0.0           0.0
                                   0.0          0.0         0.0         0.0         0.0           0.0


                                  $0.0       $0.0         $0.0         $0.0        $0.0          $0.0
                                   0.0        0.0          0.0          0.0         0.0           0.0
                                   0.0        0.0          0.0          0.0         0.0           0.0
                                   0.0        0.0          0.0          0.0         0.0           0.0

                        Operating Assumptions

                                                                    Projected Fiscal Years Ending September 30,
                           Year 1        Year 2       Year 3      Year 4        Year 5        Year 6
           Historical       2008          2009         2010        2011          2012          2013

                             14.0%          4.5%         3.6%        2.4%         2.4%          2.4%
                             13.8%          2.2%         0.5%        1.0%         1.0%          1.0%
                             11.0%          2.0%         0.5%        0.5%         0.5%          0.5%
               5.7%          13.8%          2.2%         0.5%        1.0%         1.0%          1.0%


                             52.0%        51.5%         51.5%       51.0%        51.0%         51.0%
                             52.3%        53.4%         53.6%       53.6%        53.6%         53.6%
                             52.5%        53.9%         54.2%       54.5%        54.5%         54.5%
              51.6%          52.3%        53.4%         53.6%       53.6%        53.6%         53.6%


                             19.0%        19.0%         18.9%       18.8%        18.7%         18.7%
                             19.3%        19.6%         19.6%       19.6%        19.6%         19.6%
                             19.6%        20.0%         20.2%       20.4%        20.5%         20.5%
              18.6%          19.3%        19.6%         19.6%       19.6%        19.6%         19.6%


                              0.0%          0.0%         0.0%        0.0%         0.0%          0.0%
                              0.0%          0.0%         0.0%        0.0%         0.0%          0.0%
                              0.0%          0.0%         0.0%        0.0%         0.0%          0.0%
               0.0%           0.0%          0.0%         0.0%        0.0%         0.0%          0.0%

                    Capital Structure Assumptions

                                         Active
cenarios                                 Case
               5              6            4

            LBO B          LBO C         LBO A        Mult. of    Percent
                                                      EBITDA      of Total

              $116.6         $116.6       $116.6         0.97x      14.3%
               230.0          230.0        230.0         1.91x      28.2%
                 0.0            0.0          0.0         0.00x       0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0         50.0        150.0         1.24x         18.4%
                      75.0          0.0          0.0         0.00x          0.0%
                     100.0        100.0         75.0         0.62x          9.2%
                       0.0         50.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                      75.0          0.0         10.0         0.08x          1.2%
                       0.0          0.0          0.0         0.00x          0.0%
                     217.5        248.7        233.6         1.94x         28.7%
                       0.0         20.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                    $814.1       $815.3       $815.2


                    $563.0       $563.0       $563.0         4.67x         69.1%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                     230.0        230.0        230.0         1.91x         28.2%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                       0.0          0.0          0.0         0.00x          0.0%
                      15.8         15.8         15.8         0.13x          1.9%
                       5.3          6.5          6.4         0.05x          0.8%
                       0.0          0.0          0.0         0.00x          0.0%
                    $814.1       $815.3       $815.2

                     yes         yes          yes

                     0.000        0.000        0.000

                   Transaction Fees & Expenses Assumptions

mputation Metric                            Fees ($)                                           Notes / Assumptions

                                 $563.0         $3.7   Expensed as incurred (in current period) in accordance with FAS 141r
                                  563.0          3.7   Expensed as incurred (in current period) in accordance with FAS 141r

                                 $100.0         $1.8   Capitalized / amortized over life of financing
                                  150.0          3.0   Capitalized / amortized over life of financing
                                    0.0          0.0   Capitalized / amortized over life of financing
                                   75.0          1.7   Capitalized / amortized over life of financing
                                    0.0          0.0   Capitalized / amortized over life of financing
                                    0.0          0.0   Capitalized / amortized over life of financing
                                    0.0          0.0   Capitalized / amortized over life of financing
                                   10.0          0.0   Reduction in Gross Proceeds. Reduction in APIC.
                                    0.0          0.0   Reduction in Gross Proceeds. Reduction in APIC.

                                                $3.0   Expensed as incurred (in current period) in accordance with FAS 141r
                                                    2.5    Expensed as incurred (in current period) in accordance with FAS 141r
                                                    1.0    Expensed as incurred (in current period) in accordance with FAS 141r
                                                    2.0    Expensed as incurred (in current period) in accordance with FAS 141r
                                                    0.0    Expensed as incurred (in current period) in accordance with FAS 141r



                               2 Mos.                                                     Projected Fiscal Years Ending September 30,
                               Ending        Year 2          Year 3           Year 4           Year 5        Year 6
                              9/30/2008       2009            2010             2011             2012          2013
                                   $0.1            $0.4           $0.4           $0.4             $0.4          $0.3
                                    0.1             0.6            0.6            0.6              0.6           0.5
                                    0.0             0.0            0.0            0.0              0.0           0.0
                                    0.0             0.0            0.0            0.0              0.0           0.0
                                    0.0             0.0            0.0            0.0              0.0           0.0
                                    0.0             0.0            0.0            0.0              0.0           0.0
                                    0.0             0.0            0.0            0.0              0.0           0.0
                                   $0.2            $1.0           $1.0           $1.0             $1.0          $0.8

                        Discounted Cash Flow Analysis



                 CAGR                                     Weighted-Average Cost of Capital (WACC)

                     (0.0%)                                      WACC Input                                 Manual
                                                             0=Manual, 1=Computed                           WACC
                     (0.0%)                    0                          Manual                            12.0%

                                                                           Unlever Beta
                     (0.0%)
                                          Pre-Transaction Levered Beta                                          0.86
                     (0.0%)               Current Stock Price                                                 $12.81

                                          Basic Shares Outstanding                                            34.922
                                          Treasury Method Shares                                               0.099
                                          In-the-Money Convertible Shares                                      0.000
                     (0.0%)               Fully Diluted Shares Outstanding (mm)                               35.021

                                          Pre-Transaction Market Value of Common Equity                       $448.6
                                          Pre-Transaction Market Value of Debt                                 230.0
                                          Pre-Transaction Market Value of Preferred Stock                        0.0
al EBITDA Multiple
                       5.0x               Unlevered Beta                                                        0.65
                     $694.3
                     $669.8                                              CAPM Calculation
                     $646.2
                                          Risk-Free Rate (10 Yr T-Note)                                       4.50%
                                          Market Risk Premium                                                 4.00%
al EBITDA Multiple                        Relevered Beta                                                        1.49
                      5.0x              CAPM Cost of Equity                                         10.46%
                    $19.75
                    $19.05                                         WACC Computation
                    $18.38
                                                                        Amount        Rate       Wtd. Rate
                                        Debt Assumed                      $230.0       2.50%        0.53%
                                        Revolver                             0.0       7.03%        0.00%
                                        Term Loan - A                      150.0       7.57%        1.06%
Perpetuity Growth Rate                  Term Loan - B                        0.0       8.78%        0.00%
                     1.5%               Senior Note                         75.0       9.28%        0.65%
                    $768.5              Subordinated Note                    0.0      10.25%        0.00%
                    $687.4              Mezzanine                            0.0      10.50%        0.00%
                    $620.4              Seller Note                          0.0      10.50%        0.00%

                                        Preferred Stock - A                 10.0      14.00%         0.20%
Perpetuity Growth Rate                  Preferred Stock - B                  0.0      14.25%         0.00%
                     1.5%
                    $21.86              Common Equity                     $233.6      10.46%         3.50%
                    $19.55
                    $17.64              WACC                                                         5.94%

                             IRR Analysis


ares & Options                           Percent
                   Adj.       Exit      Ownership
                    0.000      0.000        0.0%
                    0.000      0.000        0.0%
                    0.000     14.591       95.9%
                    0.000      0.000        0.0%
                    0.000      0.000        0.0%
                    0.000      0.000        0.0%
                               0.625        4.1%
                               0.000        0.0%
                     0.000     0.000        0.0%
                     0.000     0.000        0.0%
                              15.215       100.0%

                                                                          Projected Fiscal Years Ending September 30,
                  Closing    Year 1         Year 2        Year 3        Year 4        Year 5        Year 6
                 7/31/2008    2008           2009          2010          2011          2012          2013


                                5.0x           5.0x             5.0x        5.0x         5.0x          5.0x
                              $130.2         $156.5           $155.9      $157.2       $158.4        $159.7
                              $651.0         $782.5           $779.5      $785.8       $792.2        $798.6
                              (426.5)        (342.9)          (260.1)     (176.5)       (93.5)         (7.5)
                                 0.0            0.0              0.0         0.0          0.0           0.0
                              $224.5         $439.6           $519.4      $609.3       $698.7        $791.1
           14.0x    14.0x    14.0x    14.0x    14.0x    14.0x
           $41.2    $40.3    $54.9    $56.1    $55.5    $61.0
             0.0      0.0      0.0      0.0      0.0      0.0
          $576.1   $564.3   $768.4   $785.3   $776.5   $853.4

          $224.5   $439.6   $519.4   $609.3   $698.7   $791.1



           0.0%     0.0%     0.0%     0.0%     0.0%     0.0%
            $0.0     $0.0     $0.0     $0.0     $0.0     $0.0




 $0.0
            $0.0     $0.0     $0.0     $0.0     $0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
 $0.0       $0.0     $0.0     $0.0     $0.0     $0.0



($10.0)
            $0.0     $0.0     $0.0     $0.3     $2.1
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0     15.2
             0.0      0.0      0.0      0.0     28.7
($10.0)     $0.0     $0.0     $0.0     $0.3    $46.0
                                              44.6%


 $0.0
            $0.0     $0.0     $0.0     $0.0     $0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
 $0.0       $0.0     $0.0     $0.0     $0.0     $0.0



 $0.0
            $0.0     $0.0     $0.0     $0.0     $0.0
             0.0      0.0      0.0      0.0      0.0
             0.0      0.0      0.0      0.0      0.0
 $0.0       $0.0     $0.0     $0.0     $0.0     $0.0



 $0.0
            $0.0     $0.0     $0.0     $0.0     $0.0
            0.0    0.0    0.0    0.0      0.0
            0.0    0.0    0.0    0.0      0.0
   $0.0    $0.0   $0.0   $0.0   $0.0     $0.0



($233.6)
           $0.0   $0.0   $0.0   $0.0     $0.0
            0.0    0.0    0.0    0.0      0.0
            0.0    0.0    0.0    0.0    670.0
($233.6)   $0.0   $0.0   $0.0   $0.0   $670.0
                                       28.7%
                        Pro Forma Ownership

                                                            95.9%
                                                             0.0%
vestor Rollover                                              0.0%                             Options
her New Equity                                               0.0%                    Number of
eferred Stock - A                                            4.1%                    Options (m)
eferred Stock - B                                            0.0%     Tranche 1           0.209
                                                            100.0%    Tranche 2           0.059
                                                                      Tranche 3           0.221
                              Sponsor IRR                             Tranche 4           0.300
                                                                      Tranche 5           0.269
                EBITDA                       Exit Year                Tranche 6           0.211
                Multiple         2010          2012        2014       Tranche 7           0.187
                     4.5x         31.6%         25.1%       21.4%     Tranche 8           0.000
                     5.0x         41.8%         28.7%       23.3%     Tranche 9           0.000
                     5.5x         51.3%         32.1%       25.0%     Tranche 10          0.000

                Purchase Price Allocation / Goodwill                                       Convertible Debt

 of Excess PP Allocated to Intangibles                      25.0%     Face Value
 angibles Amortization Period (yrs)                            5.0    Conversion Price
xed Asset Write-Up                                           $15.0    Convertible Shares
xed Asset Depreciation Period (yrs)                            8.0    Interest Rate

ecap Accounting?                                                no                 Fully Diluted Shares Outstanding
                                                                      Basic Shares Outstanding
 uity Purchase Price                                        $563.0    Treasury Method Shares
ansaction Fees                                                 0.0    In-the-Money Convertible Shares
 ok Value of Net Assets                                      (97.9)   Fully Diluted Shares Outstanding
 cess Purchase Price to Allocate                            $465.1
et Asset Step-Ups:                                                                           Net Debt
Fixed Asset Write-Up                             $15.0                Non-Convertible Debt
 ndentifiable Intangibles Write-Up               116.3                Convertible Debt
Write Off Target's Existing Goodwill             (61.1)               Minority Interest
Write Down Target's Existing DTA                   0.0                Cash & Cash Equivalents
Write Off Target's Existing DTL                    0.0                Net Debt
DTL from Asset Write-Ups                         (45.9)     ($24.2)
oodwill Created                                             $440.9
                                                                                         LBO Model Checks
                              Model Detail                            Sources and Uses Balance
                                                                      Debt Schedule Balances
 rget Code Name                                            TargetCo   Balance Sheet Balances
odel Created / Modified by:                          Ryan MacGregor   Balance Sheet Items > 0
                                                ryan@macabacus.com    Revolver Limit Exceeded
                                                www.macacbacus.com    Error Message
                                4/8/2012      7:54 PM
C:\Docstoc\Working\pdf\[f0a65378-89c5-4a72-ba84-1d21e9c42558.xls]LBO




  Year 7        Year 8        Year 9       Year 10
   2014          2015          2016         2017

    $161.0        $162.3        $163.6        $165.0
      14.8          14.9          15.0          15.2
       0.6           0.6           0.6           0.6


      $0.0          $0.0          $0.0          $0.0
       0.0           0.0           0.0           0.0
       0.0           0.0           0.0           0.0
      75.0          75.0           0.0           0.0
     $75.0         $75.0          $0.0          $0.0
       0.0           0.0           0.0           0.0
      15.2          15.2          15.2          15.2
       0.0           0.0           0.0           0.0
       0.0           0.0           0.0           0.0
     $90.2         $90.2         $15.2         $15.2
     171.4         259.6         275.8         370.0
    ($81.1)      ($169.4)      ($260.6)      ($354.7)


      $0.0          $0.0          $0.0          $0.0
       9.2           9.2           4.9           0.5
       0.0           0.0           0.0           0.0
       2.1           2.1           2.1           2.1
     $11.3         $11.3          $7.0          $2.6
     $11.3         $11.3          $7.0          $2.6


     0.56x         0.56x         0.09x         0.09x
     0.47x         0.46x         0.00x         0.00x
    (0.50x)       (1.04x)       (1.59x)       (2.15x)
     0.62x         0.61x         0.10x         0.10x


    17.57x        17.67x        33.61x       329.96x
    14.26x        14.34x        23.38x        62.68x
               14.26x    14.34x    23.38x     62.68x
               15.96x    16.05x    30.52x    299.57x
               12.95x    13.03x    21.23x     56.91x
               12.95x    13.03x    21.23x     56.91x
               15.90x    15.99x    30.40x    298.43x
               12.90x    12.98x    21.15x     56.69x
               12.90x    12.98x    21.15x     56.69x


               83.5%     83.5%    100.0%     100.0%
               83.5%     83.5%    100.0%     100.0%


               32.0%     31.8%     33.1%      34.7%
               10.2%      9.2%      8.7%       8.3%


              307.4%    384.6%    396.5%     476.4%
              286.4%    363.6%    375.5%     455.3%


                0.60x     0.55x     0.53x      0.50x
               12.79x    13.56x    14.34x     14.78x


                  NM        NM        NM         NM
                3.37x     3.37x     3.37x      3.37x
               11.33x    11.33x    11.33x     11.33x
                  NM        NM        NM         NM
                108.4     108.4     108.4      108.4
                 32.2      32.2      32.2       32.2

                                                           LTM Inputs
                                                       6 Mos.      6 Mos.
ding September 30,                                     Ended       Ended
             Year 7     Year 8    Year 9    Year 10    Mar 31      Mar 31
               2014      2015      2016      2017       2007        2008

               $489.6    $494.5    $499.4     $504.4    $197.4      $215.3
                1.0%      1.0%      1.0%       1.0%        NA        9.1%
                252.4     255.1     257.7      260.4     100.8        112.4
               51.6%     51.6%     51.6%      51.6%     51.1%        52.2%
                 76.2      77.1      78.1       79.1      35.5         41.2
               15.6%     15.6%     15.6%      15.7%     18.0%        19.1%
                  0.0       0.0       0.0        0.0       0.0          0.0
                0.0%      0.0%      0.0%       0.0%      0.0%         0.0%
               $161.0    $162.3    $163.6     $165.0     $61.1        $61.7
               32.9%     32.8%     32.8%      32.7%     31.0%        28.7%
                 14.7      14.8      15.0       15.1       5.7          6.7
 3.0%     3.0%     3.0%     3.0%     2.9%     3.1%
   1.9      1.9      1.6      0.0      0.0      0.0
 0.4%     0.4%     0.3%     0.0%     0.0%     0.0%
$144.5   $145.6   $147.1   $149.9    $55.4    $55.0
29.5%    29.4%    29.5%    29.7%    28.1%    25.5%
   0.0      0.0      0.0      0.0      9.2      9.7
 0.0%     0.0%     0.0%     0.0%     4.7%     4.5%
   0.0      0.0      0.0      0.0      0.0      0.0
 0.0%     0.0%     0.0%     0.0%     0.0%     0.0%
  11.1     11.2     11.4     11.5      5.5      5.7
 2.3%     2.3%     2.3%     2.3%     2.8%     2.6%
$133.3   $134.4   $135.8   $138.4    $40.7    $39.6
27.2%    27.2%    27.2%    27.4%    20.6%    18.4%


  $0.0     $0.0     $0.0     $0.0
   0.5      0.5      0.5      0.5
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   8.7      8.7      4.4      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
  $9.2     $9.2     $4.9     $0.5


  $2.5     $4.3     $5.4     $6.5
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
  $2.5     $4.3     $5.4     $6.5

$121.6   $120.9   $125.5   $131.4
  42.6     42.3     43.9     46.0
35.0%    35.0%    35.0%    35.0%
 $79.1    $78.6    $81.6    $85.4
16.1%    15.9%    16.3%    16.9%

  $2.1     $2.1     $2.1     $2.1
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0
   0.0      0.0      0.0      0.0

 $76.9    $76.4    $79.5    $83.3

36.580   36.580   36.580   36.580
15.215   15.215   15.215   15.215
51.795   51.795   51.795   51.795
                 NM          NM         NM          NM
                 NA          NA         NA          NA
                 NA          NA         NA          NA
                 NA          NA         NA          NA

                $11.1      $11.2      $11.4       $11.5
                 (3.9)      (3.9)      (4.0)       (4.0)
                 $7.2       $7.3       $7.4        $7.5

                $84.2      $83.8      $86.8       $90.8

                 NM          NM         NM          NM
                 NA          NA         NA          NA
                 NA          NA         NA          NA
                 NA          NA         NA          NA




ding September 30,
             Year 7      Year 8     Year 9     Year 10
               2014       2015       2016       2017
               $489.6     $494.5     $499.4      $504.4
                252.4      255.1      257.7       260.4


               $146.2     $147.6     $149.1      $150.6
                  0.0        0.0        0.0         0.0
                 13.0       13.1       13.2        13.4
                 10.4       10.5       10.6        10.7

                $22.4      $22.6      $22.9       $23.1
                 25.6       25.8       26.1        26.4
                 32.4       32.8       33.1        33.4
                 30.5       30.8       31.1        31.4




ding September 30,
             Year 7      Year 8     Year 9     Year 10
               2014       2015       2016       2017


               $171.4     $259.6     $275.8      $370.0
                146.2      147.6      149.1       150.6
                  0.0        0.0        0.0         0.0
                 13.0       13.1       13.2        13.4
                 10.4       10.5       10.6        10.7
               $340.9     $430.8     $448.8      $544.6
$279.5    $294.4    $309.4     $324.6
(242.1)   (258.8)   (275.3)    (290.5)
 $37.4     $35.6     $34.1      $34.2
   0.0       0.0       0.0         0.0
   1.7       1.7       1.7         1.7
 440.9     440.9     440.9       440.9
  19.6      19.6      19.6        19.6
   0.0       0.0       0.0         0.0
  14.3      14.3      14.3        14.3
$854.7    $942.8    $959.3    $1,055.2


  $0.0      $0.0      $0.0       $0.0
  22.4      22.6      22.9       23.1
  25.6      25.8      26.1       26.4
  32.4      32.8      33.1       33.4
  30.5      30.8      31.1       31.4
$110.9    $112.0    $113.2     $114.3

  $1.2      $0.5      $0.0        $0.0
   0.0       0.0       0.0         0.0
  17.9      17.9      17.9        17.9
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
  75.0      75.0       0.0        0.0
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
$205.0    $205.5    $131.1     $132.2


  $0.0      $0.0      $0.0       $0.0
   0.0       0.0       0.0        0.0
  15.2      15.2      15.2       15.2
   0.0       0.0       0.0        0.0
 233.6     233.6     233.6      233.6
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
   0.0       0.0       0.0        0.0
  67.0      78.2      89.6      101.1
 333.8     410.3     489.7      573.0
$649.7    $737.4    $828.2     $923.0

$854.7    $942.8    $959.3    $1,055.2

 $58.6     $59.2     $59.8      $60.3
   0.6       0.6       0.6        0.6
                 0.000        0.000       0.000       0.000



ears Ending September 30,
              Year 7        Year 8      Year 9      Year 10
               2014          2015        2016        2017


                 $76.9        $76.4       $79.5        $83.3

                  16.5         16.7        16.5         15.1
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                  11.1         11.2        11.4         11.5
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0

                 ($0.6)       ($0.6)      ($0.6)       ($0.6)
                  (0.7)        (0.7)       (0.5)         0.0
                   0.0          0.0         0.0          0.0
                $103.4       $103.2      $106.2       $109.3


                ($14.8)       ($14.9)     ($15.0)     ($15.2)
                   0.0           0.0         0.0         0.0
                   0.0           0.0         0.0         0.0
                ($14.8)       ($14.9)     ($15.0)     ($15.2)

                 $88.6        $88.3       $91.2        $94.1


                  $0.0         $0.0         $0.0        $0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0        (75.0)        0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                   0.0          0.0          0.0         0.0
                  $0.0         $0.0       ($75.0)       $0.0

                 $88.6        $88.3       $16.2        $94.1
ears Ending September 30,
              Year 7        Year 8     Year 9     Year 10
               2014          2015       2016       2017
                5.05%        5.08%      5.15%       5.13%


                 2.5%         2.5%       2.5%        2.5%
                9.30%        9.33%      9.40%       9.38%
                9.84%        9.87%      9.94%       9.92%
               11.05%       11.08%     11.15%      11.13%
               11.55%       11.58%     11.65%      11.63%
               10.25%       10.25%     10.25%      10.25%
               10.50%       10.50%     10.50%      10.50%
               10.50%       10.50%     10.50%      10.50%
               14.00%       14.00%     14.00%      14.00%
               14.25%       14.25%     14.25%      14.25%
                  $0.5         $0.5       $0.5        $0.5




                 0.0%         0.0%       0.0%        0.0%
                 0.0%         0.0%       0.0%        0.0%
                74.2%         0.0%       0.0%        0.0%
                 0.0%         0.0%     100.0%        0.0%
               100.0%         0.0%       0.0%        0.0%
                 0.0%         0.0%       0.0%        0.0%
                 0.0%         0.0%       0.0%        0.0%


                 $82.7       $171.4     $259.6      $275.8
                 (30.0)       (30.0)     (30.0)      (30.0)
                 $52.7       $141.4     $229.6      $245.8
                  88.6         88.3       91.2        94.1
                $141.4       $229.6     $320.8      $340.0
                  $0.0         $0.0       $0.0        $0.0
                $141.4       $229.6     $320.8      $340.0




                  $0.0         $0.0       $0.0        $0.0
                   0.0          0.0        0.0         0.0
                   0.0          0.0        0.0         0.0
                   0.0          0.0       75.0         0.0
                   0.0          0.0        0.0         0.0
                   0.0          0.0        0.0         0.0
                   0.0          0.0        0.0         0.0
                  $0.0         $0.0      $75.0        $0.0
                    $0.0       $0.0      $0.0       $0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                    $0.0       $0.0      $0.0       $0.0
                   141.4      229.6     245.8      340.0
                  $141.4     $229.6    $320.8     $340.0

                  0.000       0.000     0.000     0.000



ears Ending September 30,
              Year 7        Year 8    Year 9    Year 10
               2014          2015      2016      2017

ng Fixed Assets
                   $12.5      $12.5     $12.5      $12.5
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                     0.0        0.0       0.0        0.0
                   $12.5      $12.5     $12.5      $12.5


al Expenditures
                    $0.8       $0.8      $0.8       $0.8
                     0.7        0.7       0.7        0.7
                     0.7        0.7       0.7        0.7
                     0.7        0.7       0.7        0.7
                     0.7        0.7       0.7        0.7
                     0.7        0.7       0.7        0.7
                     0.7        0.7       0.7        0.7
                                0.7       0.7        0.7
                                          0.8        0.8
                                                     0.8
                    $5.1       $5.9      $6.6       $7.4

                   $17.6      $18.4     $19.1      $19.9
                    14.7       14.8      15.0       15.1

                   $14.7      $14.8     $15.0      $15.1




ears Ending September 30,
              Year 7        Year 8    Year 9    Year 10
               2014         2015        2016         2017
                35.0%        35.0%       35.0%        35.0%


                $121.6       $120.9      $125.5       $131.4
                   0.0          0.0         0.0          0.0
                $121.6       $120.9      $125.5       $131.4
                 $42.6        $42.3       $43.9        $46.0


                $121.6       $120.9      $125.5       $131.4
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   1.9          1.9         1.6          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                $123.5       $122.8      $127.1       $131.4
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                $123.5       $122.8      $127.1       $131.4
                 $43.2        $43.0       $44.5        $46.0


                  $0.0         $0.0        $0.0         $0.0
                   0.0          0.0         0.0          0.0
                  $0.0         $0.0        $0.0         $0.0


                  $0.0         $0.0        $0.0         $0.0
                   0.0          0.0         0.0          0.0
                   0.0          0.0         0.0          0.0
                  $0.0         $0.0        $0.0         $0.0


                 ($0.7)        ($0.7)      ($0.5)       $0.0



ears Ending September 30,
              Year 7        Year 8      Year 9      Year 10
               2014          2015        2016        2017

                  $0.0         $0.0        $0.0         $0.0
                   0.0           0.0         0.0         0.0
                   0.0           0.0         0.0         0.0
                  0.0        0.0        0.0        0.0
                  0.0        0.0        0.0        0.0


                 $0.0      $0.0       $0.0        $0.0
                  0.0       0.0        0.0         0.0
                  0.0       0.0        0.0         0.0
                  0.0       0.0        0.0         0.0



ding September 30,
             Year 7     Year 8     Year 9     Year 10
               2014      2015       2016       2017

                2.4%      2.4%       2.4%        2.4%
                1.0%      1.0%       1.0%        1.0%
                0.5%      0.5%       0.5%        0.5%
                1.0%      1.0%       1.0%        1.0%


               51.0%     51.0%      51.0%       51.0%
               53.6%     53.6%      53.6%       53.6%
               54.5%     54.5%      54.5%       54.5%
               53.6%     53.6%      53.6%       53.6%


               18.7%     18.7%      18.7%       18.7%
               19.6%     19.6%      19.6%       19.6%
               20.5%     20.5%      20.5%       20.5%
               19.6%     19.6%      19.6%       19.6%


                0.0%      0.0%       0.0%        0.0%
                0.0%      0.0%       0.0%        0.0%
                0.0%      0.0%       0.0%        0.0%
                0.0%      0.0%       0.0%        0.0%
 Assumptions

dance with FAS 141r
dance with FAS 141r




            <= Need to incorporate this fee somewhere
            <= Need to incorporate this fee somewhere

dance with FAS 141r
dance with FAS 141r
dance with FAS 141r
dance with FAS 141r
dance with FAS 141r



ears Ending September 30,
              Year 7          Year 8         Year 9     Year 10
               2014            2015           2016       2017
                  $0.0            $0.0           $0.0        $0.0
                   0.0             0.0            0.0         0.0
                   0.0             0.0            0.0         0.0
                   0.0             0.0            0.0         0.0
                   0.0             0.0            0.0         0.0
                   0.0             0.0            0.0         0.0
                   0.0             0.0            0.0         0.0
                  $0.0            $0.0           $0.0        $0.0




                                      #REF!
                            Number of       Average     Treasury
                            Options (m)      Strike      Shares
            Tranche 1            0.209          $9.04       0.062
            Tranche 2            0.059          10.03       0.013
            Tranche 3            0.221          11.53       0.022
            Tranche 4            0.300          12.69       0.003
            Tranche 5            0.269          19.54       0.000
            Tranche 6            0.211          27.06       0.000
            Tranche 7            0.187          45.75       0.000
            Tranche 8            0.000           0.00       0.000
            Tranche 9            0.000           0.00       0.000
            Tranche 10           0.000           0.00       0.000

                                       #REF!
                                            Convert 1   Convert 2
            Face Value                        $230.0         $0.0
            Conversion Price                  $26.77          NA
            Convertible Shares                 8.592       0.000
ding September 30,
             Year 7     Year 8    Year 9     Year 10
               2014      2015      2016       2017


                 5.0x      5.0x       5.0x       5.0x
               $161.0    $162.3     $163.6     $165.0
               $805.1    $811.6     $818.2     $824.9
                 81.1     169.4      260.6      354.7
                  0.0       0.0        0.0        0.0
               $886.2    $981.0   $1,078.8   $1,179.6
   14.0x      14.0x      14.0x      14.0x
   $76.9      $76.4      $79.5      $83.3
     0.0        0.0        0.0        0.0
$1,076.9   $1,070.2   $1,112.5   $1,166.2

 $886.2     $981.0    $1,078.8   $1,179.6



  0.0%       0.0%       0.0%       0.0%
   $0.0       $0.0       $0.0       $0.0
       Options
             Average         Treasury
               Strike         Shares
                  $9.04          0.091
                  10.03          0.022
                  11.53          0.062
                  12.69          0.062
                  19.54          0.000
                  27.06          0.000
                  45.75          0.000
                   0.00          0.000
                   0.00          0.000
                   0.00          0.000

  Convertible Debt
             Convert 1       Convert 2
                $230.0            $0.0
                $26.77             NA
                 8.592          0.000
                 2.5%            0.0%

Diluted Shares Outstanding
                               34.922
                                0.237
vertible Shares                 0.000
es Outstanding                 35.159

       Net Debt
                                  $0.0
                                 230.0
                                   0.0
                                (146.6)
                                 $83.4


 LBO Model Checks
                                    ok
                                    ok
                                    ok
                                    ok
                                    ok
                                                       IRR Sensitivities

Instructions: Only one set of returns tables (e.g. EBITDA method or P/E method) will be corre
depending on which method is used to calculate equity value. Upon changing any input to the r
be sure to hit F9 to recalculate these tables.

                  Subordinated Note                                                    Subor
                                Exit Year
                       2010       2012          2014
Exit           4.5x
EBITDA         5.0x
Multiple       5.5x




                  Preferred Stock - A                                                  Prefer
                                 Exit Year
             44.6%      2010        2012        2014
Exit           4.5x     70.2%       42.1%       32.9%
EBITDA         5.0x     78.0%       44.6%       34.1%
Multiple       5.5x     85.3%       47.0%       35.3%



                  Preferred Stock - B                                                  Prefer
                                 Exit Year
                        2010        2012        2014
Exit           4.5x
EBITDA         5.0x
Multiple       5.5x



                 Management Equity                                                    Manag
                              Exit Year
                      2010      2012            2014
Exit           4.5x
EBITDA         5.0x
Multiple       5.5x

               Investor Rollover Equity                                             Investor
                                 Exit Year
                        2010       2012         2014
Exit         4.5x
EBITDA       5.0x
Multiple     5.5x

                  Sponsor Equity                  Spo
                              Exit Year
           28.7%     2010        2012     2014
Exit         4.5x     31.6%      25.1%    21.4%
EBITDA       5.0x     41.8%      28.7%    23.3%
Multiple     5.5x     51.3%      32.1%    25.0%
R Sensitivities

A method or P/E method) will be correct at a time,
lue. Upon changing any input to the returns calculations,


                                Subordinated Note
                                              Exit Year
                                     2010        2012       2014
             Exit           12.0x
             GAAP P/E       14.0x
             Multiple       16.0x




                               Preferred Stock - A
                                              Exit Year
                          44.6%       2010       2012       2014
             Exit          12.0x       78.0%      44.6%     34.1%
             GAAP P/E      14.0x       78.0%      44.6%     34.1%
             Multiple      16.0x       78.0%      44.6%     34.1%



                                Preferred Stock - B
                                               Exit Year
                                       2010       2012      2014
             Exit           12.0x
             GAAP P/E       14.0x
             Multiple       16.0x



                               Management Equity
                                            Exit Year
                                    2010       2012         2014
             Exit           12.0x
             GAAP P/E       14.0x
             Multiple       16.0x

                             Investor Rollover Equity
                                               Exit Year
                                      2010        2012      2014
Exit        12.0x
GAAP P/E    14.0x
Multiple    16.0x

                  Sponsor Equity
                              Exit Year
           28.7%      2010       2012     2014
Exit        12.0x      41.8%     28.7%    23.3%
GAAP P/E    14.0x      41.8%     28.7%    23.3%
Multiple    16.0x      41.8%     28.7%    23.3%

				
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