Combination Model

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					NewCo Model Balances -- Circ Breaker Is On -- No Cash Minimum -- Pooling Accounting NOTE - Remember To Switch Off Circ Breaker Once Data Has Been Entered and Select Iteration

Written By John P. Burns 98.12.15

Project XXX Transaction Structure
Performance Case: Base (FYE January; $ in millions) Uses of Funds Equity Purchase Price Debt Retired Debt Assumed Cash Infusion Transaction Costs Total Uses Consideration Assumptions Current Stock Price Offer Premium Offer Price Per Share Shares Outstanding (MM) Equity Purchase Price $0.00 25.0% $0.00 10.0 $0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 10/16/2009 4:18 C:\Program Files\Microsoft Office\Templates\Spreadsheet Solutions\[LBO Model Template.xlt]Sources_Uses Sources of Funds Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Common Stock Excess Cash Total Sources Other Assumptions / Switches Accounting Type Performance Case Circ Breaker Preferred Dividend NewCo Cash Min. Amt. Of Cash Min. Acquiror Cash Min. Amt. Of Cash Min. Target Cash Min. Amt. Of Cash Min. Acquiror Name Target Name 0 1 0 0 0 $10.0 0 $10.0 0 $10.0 Company A Company B Pooling Base On % of Par Off $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 Rate 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1999 EBITDA EST. 2000 EBITDA 1999 P/E EST. 2000 P/E To 1999 Book To EST. 2000 Book 0.0x 0.0x 0.0x 0.0x 0.0x 0.0x Goodwill Calculation Purchase Price of Equity Plus: Existing Goodwill Less: Net Worth Asset Write-Up Deferred Taxes Goodwill Acquisition Multiples $0.0 0.0 0.0 0.0 0.0 $0.0

Consideration Cash Stock Total

Percent 0.0% 100.0% 100.0%

Per Share $0.00 $0.00 $0.00 100.0% 25.0% 10.00% 10yr T-Bond 5.00%

Financing Inputs Off Off Pro Forma Year Transaction Fees: Advisory Financing Use Excess Cash 1999 1.0% 3.0% 0 No

Percent of Target Acquired Premium to Current Price Risk Free Rate (Type of Bond Used) Market Risk Premia

Leverage Assumptions Sr. Debt / EBITDA Sr. Debt / (EBITDA - Capex) Total Debt / EBITDA Total Debt / (EBITDA - Capex)

1999 0.0x 0.0x 0.0x 0.0x

2000 0.0x 0.0x 0.0x 0.0x

2001 0.0x 0.0x 0.0x 0.0x

2002 0.0x 0.0x 0.0x 0.0x

Coverage Assumptions EBITDA / Sr. Interest Expense (EBITDA - Capex) / Sr. Int. Exp. EBITDA / Total Interest Expense (EBITDA - Capex) / Total Int. Exp.

1999 0.0x 0.0x 0.0x 0.0x

2000 0.0x 0.0x 0.0x 0.0x

2001 0.0x 0.0x 0.0x 0.0x

2002 0.0x 0.0x 0.0x 0.0x

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting ASSETS Company A Current Assets: Cash & Marketable Securities Accounts Receivable Inventories Other Current Assets #1 Other Current Assets #2 Other Current Assets #3 Other Current Assets #4 Other Current Assets #5 Total Current Assets NonCurrent Assets: Net PP&E Goodwill and Intangible Assets Other NC Assets #1 Other NC Assets #2 Other NC Assets #3 Other NC Assets #4 Other NC Assets #5 Other NC Assets #6 Other NC Assets #7 Total NonCurrent Assets TOTAL ASSETS LIABILITIES & EQUITY Current Liabilities: Accounts Payable Accrued Liabilities Other Current Liabilities #1 Other Current Liabilities #2 Other Current Liabilities #3 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 Company B $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

Project XXX Transaction Adjustmen

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

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

$0.0 0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0 0.0

Other Current Liabilities #4 Other Current Liabilities #5 Total Current Liabilities Other NC Liability #1 Other NC Liability #2 Other NC Liability #3 Other NC Liability #4 Other NC Liability #5 Minority Interest Long Term Debt: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Long Term Debt TOTAL LIABILITIES Net Worth: Equity - Common - Preferred Retained Earnings TOTAL NET WORTH TOTAL LIABILITIES & EQUITY Balance Check

0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0

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

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

$0.0 0.0 0.0 $0.0 $0.0 $0.0

$0.0 0.0 0.0 $0.0 $0.0 $0.0

Project XXX action Adjustment Page
NewCo ProForma $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

Adjustments $0.0

$0.0

0.0

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

$0.0 $0.0

$0.0 0.0 0.0 0.0 0.0

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

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

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

$0.0 $0.0 $0.0 $0.0 $0.0

$0.0 0.0 0.0 $0.0 $0.0 $0.0

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting ENTER DATA AS POSITIVE NUMBERS Pro Forma 1999 1 0.0 0.0 0.0 1 1 2 3 0.0 0.0 0.0 1 1 2 3 0.0 0.0 0.0 1 1 2 3 0.0 0.0 0.0 1 1 2 3 0.0 0.0 0.0 1 1 0.0

Project XXX Synergies Detail Pag

2000 2 0.0 0.0 0.0 2 0.0 0.0 0.0 2 0.0 0.0 0.0 2 0.0 0.0 0.0 2 0.0 0.0 0.0 2 0.0

2001 3 0.0 0.0 0.0 3 0.0 0.0 0.0 3 0.0 0.0 0.0 3 0.0 0.0 0.0 3 0.0 0.0 0.0 3 0.0

2002 4 0.0 0.0 0.0 4 0.0 0.0 0.0 4 0.0 0.0 0.0 4 0.0 0.0 0.0 4 0.0 0.0 0.0 4 0.0

Additional Net Sales Increase Base Optimistic Pessimistic Cost Of Goods Sold Savings Base Optimistic Pessimistic SG&A Savings Base Optimistic Pessimistic Other Expense #1 Savings Base Optimistic Pessimistic Other Expense #2 Savings Base Optimistic Pessimistic Other Expense #3 Savings Base 1 2 3

Optimistic Pessimistic Other Expense #4 Savings Base Optimistic Pessimistic

2 3

0.0 0.0 1

0.0 0.0 2 0.0 0.0 0.0

0.0 0.0 3 0.0 0.0 0.0

0.0 0.0 4 0.0 0.0 0.0

1 2 3

0.0 0.0 0.0

Project XXX ergies Detail Page

2003 5 0.0 0.0 0.0 5 0.0 0.0 0.0 5 0.0 0.0 0.0 5 0.0 0.0 0.0 5 0.0 0.0 0.0 5 0.0

2004 6 0.0 0.0 0.0 6 0.0 0.0 0.0 6 0.0 0.0 0.0 6 0.0 0.0 0.0 6 0.0 0.0 0.0 6 0.0

2005 7 0.0 0.0 0.0 7 0.0 0.0 0.0 7 0.0 0.0 0.0 7 0.0 0.0 0.0 7 0.0 0.0 0.0 7 0.0

2006 8 0.0 0.0 0.0 8 0.0 0.0 0.0 8 0.0 0.0 0.0 8 0.0 0.0 0.0 8 0.0 0.0 0.0 8 0.0

2007 9 0.0 0.0 0.0 9 0.0 0.0 0.0 9 0.0 0.0 0.0 9 0.0 0.0 0.0 9 0.0 0.0 0.0 9 0.0

2008 10 0.0 0.0 0.0 10 0.0 0.0 0.0 10 0.0 0.0 0.0 10 0.0 0.0 0.0 10 0.0 0.0 0.0 10 0.0

2009 11 0.0 0.0 0.0 11 0.0 0.0 0.0 11 0.0 0.0 0.0 11 0.0 0.0 0.0 11 0.0 0.0 0.0 11 0.0

0.0 0.0 5 0.0 0.0 0.0

0.0 0.0 6 0.0 0.0 0.0

0.0 0.0 7 0.0 0.0 0.0

0.0 0.0 8 0.0 0.0 0.0

0.0 0.0 9 0.0 0.0 0.0

0.0 0.0 10 0.0 0.0 0.0

0.0 0.0 11 0.0 0.0 0.0

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Case Selection: 1 ProForma 1999 Net Sales Company A (Acquiror) Company B (Target) Additional Projected Total Cost Of Goods Sold Company A (Acquiror) Company B (Target) Savings Total SG&A Company A (Acquiror) Company B (Target) Savings Total Other Expense #1 Company A (Acquiror) Company B (Target) Savings Total Other Expense #2 Company A (Acquiror) Company B (Target) Savings Total Other Expense #3 Company A (Acquiror) Company B (Target) Savings Total $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 Projected 2000 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

Project XXX NewCo Income Statement Deta

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Other Expense #4 Company A (Acquiror) Company B (Target) Savings Total

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Project XXX ome Statement Detail Sheet

Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

Projected CAGR / Average ( 2000 - 2009 )

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Page 14 of 49

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) ProForma 1999 ASSETS Current Assets: Cash & Marketable Securities Accounts Receivable Inventories Other Current Assets #1 Other Current Assets #2 Other Current Assets #3 Other Current Assets #4 Other Current Assets #5 Total Current Assets NonCurrent Assets: Net PP&E Goodwill and Intangible Assets Other NC Assets #1 Other NC Assets #2 Other NC Assets #3 Other NC Assets #4 Other NC Assets #5 Other NC Assets #6 Other NC Assets #7 Total NonCurrent Assets TOTAL ASSETS $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 2000

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_BS

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Project XXX NewCo Projected Balance Sheet

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

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

LIABILITIES & EQUITY Current Liabilities: Accounts Payable Accrued Liabilities Other Current Liabilities #1 Other Current Liabilities #2 Other Current Liabilities #3 Other Current Liabilities #4 Other Current Liabilities #5 Total Current Liabilities Other NC Liability #1 Other NC Liability #2 Other NC Liability #3 Other NC Liability #4 Other NC Liability #5 Minority Interest Long Term Debt: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Long Term Debt TOTAL LIABILITIES Net Worth: Equity - Common - Preferred Retained Earnings TOTAL NET WORTH

ProForma 1999

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

TOTAL LIABILITIES & EQUITY

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

Page 15 of 49

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NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) ProForma 1999 Net Sales Cost Of Goods Sold Gross Margin Operating Expenses: SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Subtotal Consolidated EBIT Depreciation & Depletion Intangible Amortization Consolidated EBITDA Interest Income Interest Expense: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Interest Expense Extraordinary Gain (Loss) Net Income Before Taxes Provision For Income Taxes Net Income Preferred Dividends Net Income To Common Shares Outstanding Earnings Per Share $0.0 0.0 0.0 2000 $0.0 0.0 0.0 2001 $0.0 0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0 2006 $0.0 0.0 0.0 2007 $0.0 0.0 0.0 2008 $0.0 0.0 0.0 2009 $0.0 0.0 0.0

Project XXX NewCo Projected Income Statement

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

Page 16 of 49

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Flow From Operations: Net Income To Common Depreciation & Depletion Intangible Amortization Working Capital Source (Use): (Increase) In Net Working Capital Changes in Other Assets/Liabilties: (Increase) In Other Assets/Liabilties Cash Flows From Operating Activities Cash Flow From Investing Activities: Capital Expenditures Other Cash Flows Available For Financing Cash Flow From Financing: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Common Stock Dividends Issuance (Repurchase) of Common Stock Cash Flows From Financing Activities Cash Balance Schedule: Beginning Cash Balance Change In Cash Ending Cash Balance $0.0 $0.0 $0.0 $0.0 0.0 0.0

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_SCF

4:18 AM10/16/2009

Project XXX NewCo Projected Cash Flow Statement

2001 $0.0 0.0 0.0

2002 $0.0 0.0 0.0

2003 $0.0 0.0 0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0

2006 $0.0 0.0 0.0

2007 $0.0 0.0 0.0

2008 $0.0 0.0 0.0

2009 $0.0 0.0 0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

(Inc)/Dec In All NC Assets Inc/(Dec) In All NC Liabilities

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Page 17 of 49

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Available For Debt Repayment
Available Cash Balance Minimum Cash Balance Available Discretionary Cash

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_Debt_Repay

4:18 AM10/16/2009

Project XXX Projected Debt Repayment Schedule

2001 $0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 $0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Existing Debt
Beginning Existing Debt Balance Cash For Retirement Of Existing Debt Existing Debt Mandatory Repayment Existing Debt Retired Ending Existing Debt Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "A"
Beginning Senior Bank Term "A" Balance Cash For Retirement Of Senior Bank Term "A" Senior Bank Term "A" Mandatory Repayment Senior Bank Term "A" Retired Ending Senior Bank Term "A" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "B"
Beginning Senior Bank Term "B" Balance Cash For Retirement Of Senior Bank Term "B" Senior Bank Term "B" Mandatory Repayment Senior Bank Term "B" Retired Ending Senior Bank Term "B" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #1
Beginning Other Long-Term Debt #1 Balance Cash For Retirement Of Other Long-Term Debt #1 Other Long-Term Debt #1 Mandatory Repayment Other Long-Term Debt #1 Retired Ending Other Long-Term Debt #1 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #2
Beginning Other Long-Term Debt #2 Balance Cash For Retirement Of Other Long-Term Debt #2 Other Long-Term Debt #2 Mandatory Repayment Other Long-Term Debt #2 Retired Ending Other Long-Term Debt #2 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #3
Beginning Other Long-Term Debt #3 Balance Cash For Retirement Of Other Long-Term Debt #3 Other Long-Term Debt #3 Mandatory Repayment Other Long-Term Debt #3 Retired Ending Other Long-Term Debt #3 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #4
Beginning Other Long-Term Debt #4 Balance Cash For Retirement Of Other Long-Term Debt #4 Other Long-Term Debt #4 Mandatory Repayment Other Long-Term Debt #4 Retired Ending Other Long-Term Debt #4 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Bank Revolver
Beginning Bank Revolver Balance Cash For Retirement Of Bank Revolver Bank Revolver Retired Bank Revolver Addition Ending Bank Revolver Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Page 18 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_D&A_Page

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Existing Equipment Gross PP&E Land $0.0 $0.0 Beginning Amount Category 1 Category 2 Category 3 Category 4 Category 5 Total Capital Expenditures Depreciation Period 10 years Capital Expenditure $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total TOTAL CALCULATED BOOK DEPRECIATION MANUALLY INPUT BOOK DEPRECIATION BOOK DEPRECIATION $0.0 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2000 $0.0 2001 $0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 0.0 2006 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 2007 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2008 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2009 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Depreciation Method (0=SLN,1=Sum of Years) 0 Straight Line Computed or Manual Depreciation (0=Computed,1=Manual) 0 Computed

Project XXX Book Depreciation and Amortization Schedule

Period 0 0 0 0 0

Salvage $0.0 0.0 0.0 0.0 0.0

2000 $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

2000 PP&E Schedule Beginning PP&E Capital Expenditures Asset Sales Land Less : Depreciation Ending PP&E Balance $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2004 $0.0 0.0 0.0 0.0 0.0 $0.0

2005 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

Goodwill and Intangible Assets Amortization $ Amotiztion Period $0.0 40 years

2000 $0.0

2001 $0.0

2002 $0.0

2003 $0.0

2004 $0.0

2005 $0.0

2006 $0.0

2007 $0.0

2008 $0.0

2009 $0.0

2000 Intangible Schedule Beginning Intangible Account Less : Amortization Ending Intangible Account $0.0 0.0 $0.0

2001 $0.0 0.0 $0.0

2002 $0.0 0.0 $0.0

2003 $0.0 0.0 $0.0

2004 $0.0 0.0 $0.0

2005 $0.0 0.0 $0.0

2006 $0.0 0.0 $0.0

2007 $0.0 0.0 $0.0

2008 $0.0 0.0 $0.0

2009 $0.0 0.0 $0.0

TOTAL CALCULATED AMORTIZATION MANUALLY INPUT BOOK DEPRECIATION TOTAL AMORTIZATION

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

Page 19 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_Shdlrs_Equity

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Beginning Shareholder's Equity Net Income Adjustments to Net Income Common Stock Dividends Issuance (Repurchase) of Common Stock Ending Shareholder's Equity $0.0 0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 0.0 $0.0

Project XXX Shareholder's Equity Schedule

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions)

Page 20 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_WC&BS_Assume

4:18 AM10/16/2009

Project XXX NewCo Working Capital and Balance Sheet Assumptions

ProForma 1999 Current Assets: Accounts Receivable / Sales Inventories / Sales Other Current Assets #1 / Sales Other Current Assets #2 / Sales Other Current Assets #3 / Sales Other Current Assets #4 / Sales Other Current Assets #5 / Sales Current Liabilities: Accounts Payable / Sales Accrued Liabilities / Sales Other Current Liabilities #1 / Sales Other Current Liabilities #2 / Sales Other Current Liabilities #3 / Sales Other Current Liabilities #4 / Sales Other Current Liabilities #5 / Sales Other Assumptions: Other NC Assets #1 / Sales Other NC Assets #2 / Sales Other NC Assets #3 / Sales Other NC Assets #4 / Sales Other NC Assets #5 / Sales Other NC Assets #6 / Sales Other NC Liability #1 / Sales Other NC Liability #2 / Sales Other NC Liability #3 / Sales Other NC Liability #4 / Sales Other NC Liability #5 / Sales Minority Interest / Sales

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Page 21 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_IS_Assume

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) ProForma 1999 Net Sales Cost Of Goods Sold / Sales Gross Margin Operating Expenses / Sales SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Consolidated EBIT / Sales Consolidated EBITDA / Sales Interest (Coupon) Rates: Interest Income Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Preferred Stock (% of Par) Preferred Stock ($ Amount) Preferred Stock Par Value Tax Rates: Federal Tax Rate State Tax Rate Effective Tax Rate 0.0% 0.0% 0.0% 2000 0.0% 0.0% 0.0% 2001 0.0% 0.0% 0.0% 2002 0.0% 0.0% 0.0% 2003 0.0% 0.0% 0.0% Projected 2004 2005 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2006 0.0% 0.0% 0.0% 2007 0.0% 0.0% 0.0% 2008 0.0% 0.0% 0.0% 2009 0.0% 0.0% 0.0%

Project XXX NewCo Income Statement Assumptions

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

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

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

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

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

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

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

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

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

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

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

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

Page 22 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_FCFF

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Consolidated EBIT Less: Taxes at (40.0%) Plus: Depreciation & Amortization Unlevered Cash Flow Minus: Capital Expenditures Inc/(Dec) In Working Capital Inc/(Dec) In All NC Assets (Inc)/Dec In All NC Liabilities Free Cash Flow $0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 $0.0 Normalized 2009 $0.0 0.0 0.0 $0.0 Proforma 1999

Project XXX Free Cash Flow Summary

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

Page 23 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_DCF

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) NPV of Free Cash Flows NPV of FCFF @ 7.00% NPV of FCFF @ 8.00% NPV of FCFF @ 9.00% $0.0 0.0 0.0 FV of Terminal Value (EBITDA) Terminal Value @ 4.0x Terminal Value @ 6.0x Terminal Value @ 8.0x $0.0 0.0 0.0 FV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

Project XXX Discounted Cash Flow Analysis

3.0% $0.0 0.0 0.0

PV of Terminal Value (EBITDA) 4.0x 6.0x Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

8.0x $0.0 0.0 0.0

PV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

3.0% $0.0 0.0 0.0

Page 24 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1New_DCF_Table

4:18 AM10/16/2009

NewCo Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Total Enterprise Value EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

Project XXX Discounted Cash Flow Table Summary

Total Enterprise Value EBITDA Multiple Method 6.0x 8.0x $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

4.0x 7.00% 8.00% 9.00%

$0.0 0.0 0.0

Total Equity Value Per Share EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% NA NA NA NA NA NA NA NA NA 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% NA NA NA NA NA NA NA NA NA

Page 25 of 49

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 ASSETS Current Assets: Cash & Marketable Securities Accounts Receivable Inventories Other Current Assets #1 Other Current Assets #2 Other Current Assets #3 Other Current Assets #4 Other Current Assets #5 Total Current Assets NonCurrent Assets: Net PP&E Goodwill and Intangible Assets Other NC Assets #1 Other NC Assets #2 Other NC Assets #3 Other NC Assets #4 Other NC Assets #5 Other NC Assets #6 Other NC Assets #7 Total NonCurrent Assets TOTAL ASSETS $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 1995 Historical 1996 1997 1998

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_BS

4:18 AM10/16/2009

Project XXX - Company A Historical and Projected Balance Sheet

ProForma 1999

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LIABILITIES & EQUITY Current Liabilities: Accounts Payable Accrued Liabilities Other Current Liabilities #1 Other Current Liabilities #2 Other Current Liabilities #3 Other Current Liabilities #4 Other Current Liabilities #5 Total Current Liabilities Other NC Liability #1 Other NC Liability #2 Other NC Liability #3 Other NC Liability #4 Other NC Liability #5 Minority Interest Long Term Debt: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Long Term Debt TOTAL LIABILITIES Net Worth: Equity - Common - Preferred Retained Earnings TOTAL NET WORTH

1994

1995

Historical 1996

1997

1998

ProForma 1999

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

TOTAL LIABILITIES & EQUITY

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

Page 26 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_IS

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 Net Sales Cost Of Goods Sold Gross Margin Operating Expenses: SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Subtotal Consolidated EBIT Depreciation & Depletion Intangible Amortization Consolidated EBITDA Interest Income Interest Expense: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Interest Expense Extraordinary Gain (Loss) Net Income Before Taxes Provision For Income Taxes Net Income Preferred Dividends Net Income To Common Shares Outstanding Earnings Per Share $0.0 0.0 0.0 1995 $0.0 0.0 0.0 Historical 1996 $0.0 0.0 0.0 1997 $0.0 0.0 0.0 1998 $0.0 0.0 0.0 ProForma 1999 $0.0 0.0 0.0 2000 $0.0 0.0 0.0 2001 $0.0 0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0 2006 $0.0 0.0 0.0 2007 $0.0 0.0 0.0 2008 $0.0 0.0 0.0 2009 $0.0 0.0 0.0

Project XXX - Company A Historical and Projected Income Statement

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 $0.0 0.0 $0.00

Page 27 of 49

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Flow From Operations: Net Income To Common Depreciation & Depletion Intangible Amortization Working Capital Source (Use): (Increase) In Net Working Capital Changes in Other Assets/Liabilties: (Increase) In Other Assets/Liabilties Cash Flows From Operating Activities Cash Flow From Investing Activities: Capital Expenditures Other Cash Flows Available For Financing Cash Flow From Financing: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Common Stock Dividends Issuance (Repurchase) of Common Stock Cash Flows From Financing Activities Cash Balance Schedule: Beginning Cash Balance Change In Cash Ending Cash Balance $0.0 $0.0 $0.0 $0.0 0.0 0.0

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_CF

4:18 AM10/16/2009

Project XXX - Company A Historical and Projected Cash Flow Statement

2001 $0.0 0.0 0.0

2002 $0.0 0.0 0.0

2003 $0.0 0.0 0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0

2006 $0.0 0.0 0.0

2007 $0.0 0.0 0.0

2008 $0.0 0.0 0.0

2009 $0.0 0.0 0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

(Inc)/Dec In All NC Assets Inc/(Dec) In All NC Liabilities

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Page 28 of 49

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Available For Debt Repayment
Available Cash Balance Minimum Cash Balance Available Discretionary Cash

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_Debt_Repay

4:18 AM10/16/2009

Project XXX - Company A Projected Debt Repayment Schedule

2001 $0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 $0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Existing Debt
Beginning Existing Debt Balance Cash For Retirement Of Existing Debt Existing Debt Mandatory Repayment Existing Debt Retired Ending Existing Debt Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "A"
Beginning Senior Bank Term "A" Balance Cash For Retirement Of Senior Bank Term "A" Senior Bank Term "A" Mandatory Repayment Senior Bank Term "A" Retired Ending Senior Bank Term "A" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "B"
Beginning Senior Bank Term "B" Balance Cash For Retirement Of Senior Bank Term "B" Senior Bank Term "B" Mandatory Repayment Senior Bank Term "B" Retired Ending Senior Bank Term "B" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #1
Beginning Other Long-Term Debt #1 Balance Cash For Retirement Of Other Long-Term Debt #1 Other Long-Term Debt #1 Mandatory Repayment Other Long-Term Debt #1 Retired Ending Other Long-Term Debt #1 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #2
Beginning Other Long-Term Debt #2 Balance Cash For Retirement Of Other Long-Term Debt #2 Other Long-Term Debt #2 Mandatory Repayment Other Long-Term Debt #2 Retired Ending Other Long-Term Debt #2 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #3
Beginning Other Long-Term Debt #3 Balance Cash For Retirement Of Other Long-Term Debt #3 Other Long-Term Debt #3 Mandatory Repayment Other Long-Term Debt #3 Retired Ending Other Long-Term Debt #3 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #4
Beginning Other Long-Term Debt #4 Balance Cash For Retirement Of Other Long-Term Debt #4 Other Long-Term Debt #4 Mandatory Repayment Other Long-Term Debt #4 Retired Ending Other Long-Term Debt #4 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Bank Revolver
Beginning Bank Revolver Balance Cash For Retirement Of Bank Revolver Bank Revolver Retired Bank Revolver Addition Ending Bank Revolver Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Page 29 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_D&A

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Existing Equipment Gross PP&E Land $0.0 $0.0 Beginning Amount Category 1 Category 2 Category 3 Category 4 Category 5 Total Capital Expenditures Depreciation Period 10 years Capital Expenditure $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total TOTAL CALCULATED BOOK DEPRECIATION MANUALLY INPUT BOOK DEPRECIATION BOOK DEPRECIATION $0.0 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2000 $0.0 2001 $0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 0.0 2006 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 2007 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2008 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2009 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Depreciation Method (0=SLN,1=Sum of Years) 0 Straight Line Computed or Manual Depreciation (0=Computed,1=Manual) 0 Computed

Project XXX - Company A Book Depreciation and Amortization Schedule

Period 0 0 0 0 0

Salvage $0.0 0.0 0.0 0.0 0.0

2000 $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

2000 PP&E Schedule Beginning PP&E Capital Expenditures Asset Sales Land Less : Depreciation Ending PP&E Balance $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2004 $0.0 0.0 0.0 0.0 0.0 $0.0

2005 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

Goodwill and Intangible Assets Amortization $ Amotiztion Period $0.0 5 years

2000 $0.0

2001 $0.0

2002 $0.0

2003 $0.0

2004 $0.0

2005 $0.0

2006 $0.0

2007 $0.0

2008 $0.0

2009 $0.0

2000 Intangible Schedule Beginning Intangible Account Less : Amortization Ending Intangible Account $0.0 0.0 $0.0

2001 $0.0 0.0 $0.0

2002 $0.0 0.0 $0.0

2003 $0.0 0.0 $0.0

2004 $0.0 0.0 $0.0

2005 $0.0 0.0 $0.0

2006 $0.0 0.0 $0.0

2007 $0.0 0.0 $0.0

2008 $0.0 0.0 $0.0

2009 $0.0 0.0 $0.0

TOTAL CALCULATED AMORTIZATION MANUALLY INPUT BOOK DEPRECIATION TOTAL AMORTIZATION

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

Page 30 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_SHE

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Beginning Shareholder's Equity Net Income Adjustments to Net Income Common Stock Dividends Issuance (Repurchase) of Common Stock Ending Shareholder's Equity $0.0 0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 0.0 $0.0

Project XXX - Company A Shareholder's Equity Schedule

Page 31 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_WC&BS_Assume

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 Current Assets: Accounts Receivable / Sales Inventories / Sales Other Current Assets #1 / Sales Other Current Assets #2 / Sales Other Current Assets #3 / Sales Other Current Assets #4 / Sales Other Current Assets #5 / Sales Current Liabilities: Accounts Payable / Sales Accrued Liabilities / Sales Other Current Liabilities #1 / Sales Other Current Liabilities #2 / Sales Other Current Liabilities #3 / Sales Other Current Liabilities #4 / Sales Other Current Liabilities #5 / Sales Other Assumptions: Other NC Assets #1 / Sales Other NC Assets #2 / Sales Other NC Assets #3 / Sales Other NC Assets #4 / Sales Other NC Assets #5 / Sales Other NC Assets #6 / Sales Other NC Liability #1 / Sales Other NC Liability #2 / Sales Other NC Liability #3 / Sales Other NC Liability #4 / Sales Other NC Liability #5 / Sales Minority Interest / Sales 1995 Historical 1996 1997 1998 ProForma 1999 2000 2001 2002 2003 Projected 2004 2005 2006 2007 2008 2009

Project XXX - Company A Working Capital and Balance Sheet Assumptions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Page 32 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_IS_Assume

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1993 Sales $0.0 1994 0.0% 0.0% 0.0% 1995 0.0% 0.0% 0.0% Historical 1996 0.0% 0.0% 0.0% 1997 0.0% 0.0% 0.0% 1998 0.0% 0.0% 0.0% ProForma 1999 0.0% 0.0% 0.0% 2000 0.0% 0.0% 0.0% 2001 0.0% 0.0% 0.0% 2002 0.0% 0.0% 0.0% 2003 0.0% 0.0% 0.0% Projected 2004 2005 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2006 0.0% 0.0% 0.0% 2007 0.0% 0.0% 0.0% 2008 0.0% 0.0% 0.0% 2009 0.0% 0.0% 0.0%

Project XXX - Company A Income Statement Assumptions and Historical Performance

Net Sales Cost Of Goods Sold / Sales Gross Margin Operating Expenses / Sales SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Consolidated EBIT / Sales Consolidated EBITDA / Sales Interest (Coupon) Rates: Interest Income Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Preferred Stock (% of Par) Preferred Stock ($ Amount) Preferred Stock Par Value Tax Rates: Federal Tax Rate State Tax Rate Effective Tax Rate

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00 $100.0

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

Page 33 of 49

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Case Selection: 1

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_Perform_Assume

4:18 AM10/16/2009

Project XXX - Company A Performance Assumptions

Historical Net Sales 1 = Base 2 = Optimistic 3 = Pessimistic Cost Of Goods Sold / Sales Base Optimistic Pessimistic SG&A / Sales Base Optimistic Pessimistic Other Expense #1 / Sales Base Optimistic Pessimistic Other Expense #2 / Sales Base Optimistic Pessimistic Other Expense #3 / Sales Base Optimistic Pessimistic Other Expense #4 / Sales Base Optimistic Pessimistic 0.0%

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

Page 34 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_FCFF

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Consolidated EBIT Less: Taxes at (40.0%) Plus: Depreciation & Amortization Unlevered Cash Flow Minus: Capital Expenditures Inc/(Dec) In Working Capital Inc/(Dec) In All NC Assets (Inc)/Dec In All NC Liabilities Free Cash Flow $0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 $0.0 Normalized 2009 $0.0 0.0 0.0 $0.0 Proforma 1999

Project XXX - Company A Free Cash Flow Summary

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

Page 35 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_DCF

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) NPV of Free Cash Flows NPV of FCFF @ 7.00% NPV of FCFF @ 8.00% NPV of FCFF @ 9.00% $0.0 0.0 0.0 FV of Terminal Value (EBITDA) Terminal Value @ 4.0x Terminal Value @ 6.0x Terminal Value @ 8.0x $0.0 0.0 0.0 FV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

Project XXX - Company A Discounted Cash Flow Analysis

3.0% $0.0 0.0 0.0

PV of Terminal Value (EBITDA) 4.0x 6.0x Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

8.0x $0.0 0.0 0.0

PV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

3.0% $0.0 0.0 0.0

Page 36 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_DCF_Table

4:18 AM10/16/2009

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Total Enterprise Value EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

Project XXX - Company A Discounted Cash Flow Table Summary

Total Enterprise Value EBITDA Multiple Method 6.0x 8.0x $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

4.0x 7.00% 8.00% 9.00%

$0.0 0.0 0.0

Total Equity Value Per Share EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% NA NA NA NA NA NA NA NA NA 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% NA NA NA NA NA NA NA NA NA

Page 37 of 49

Acquiror Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions)

ad458619-b6f7-4907-8bfb-4e281baa7ded1Acq_WACC

4:18 AM10/16/2009

Project XXX - Company A Estimated Weighted Average Cost of Capital Calculation

Weighted Average Cost Of Capital Calculation (0 = Computed, 1 = Manual) 1 Manual WACC Estimated Cost of Debt: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Amount $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 Interest Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Pre-Tax After-Tax Estimated Cost of Preferred: Preferred Stock Estimated Cost of Equity Capital: Total Book Equity Capital #REF! #REF! Unlevered Beta Target Debt / Equity Ratio Relevered Beta CAPM Cost of Equity Amount $0.0 Amount $0.0 #REF! #REF! 0.00 66.7% 0.00 #REF! Interest Rate 0.00% Interest Rate #REF! Wtd. Rate

Proportion Setting:

Manual

Book Capitalization At Closing: 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Atfer Tax Cost of Debt Cost of Preferred Cost of Equity Proportions 40.0% 0.0% 60.0% Rate 5.00% 0.00% 9.50% Wtd. Factor 2.00% 0.00% 5.70% 7.70% Amount Total Debt Total Preferred Total Equity Total Book Capitalization $0.0 0.0 0.0 $0.0 Proportions 0.0% 0.0% 0.0% 0.0%

Weighted Average Cost of Capital

Manual Interest Rates and Proportions After-Tax Cost of Debt Cost of Preferred Cost of Equity 5.00% 0.00% 9.50%

Calculation Given Target D / E Debt / Equity 1+ D / E Debt / Value Preferred Stock 0.667 1.6667 40.0% 0.0%

Beta Calculation Unlevered Beta = Adjusted (Levered) Beta * [MVE / (Market Cap - (T * Book Value Of Debt))] Relevered Beta = Unlevered Beta / [MVE / (Market Cap - (T * Book Value of Debt))] Levered Beta Current Stock Price $ of Outstanding Shares Equity Value Total Outstanding Debt Preferred Stock Market Capitalization Tax Rate Post-Transaction Book Cap. Unlevered Beta 0.78 $0.00 0.0 $0.0 0.0 0.0 $0.0 40.0% $0.0 0.00 Relevered Beta 0.00

Is Company Public ? (0=No, 1=Yes)

0

If company is not public, model takes book value of common stock and retained earnings in proforma year E / V Percentage Equity Value Debt Value 60.0% $0.0 $0.0

Page 38 of 49

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 ASSETS Current Assets: Cash & Marketable Securities Accounts Receivable Inventories Prepaid Expenses Other Current Assets #2 Other Current Assets #3 Other Current Assets #4 Other Current Assets #5 Total Current Assets NonCurrent Assets: Net PP&E Goodwill and Intangible Assets Other NC Assets #1 Other NC Assets #2 Other NC Assets #3 Other NC Assets #4 Other NC Assets #5 Other NC Assets #6 Other NC Assets #7 Total NonCurrent Assets TOTAL ASSETS $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 1995 Historical 1996 1997 1998

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_BS

4:18 AM10/16/2009

Project XXX - Company B Historical and Projected Balance Sheet

ProForma 1999

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LIABILITIES & EQUITY Current Liabilities: Accounts Payable Accrued Liabilities Other Current Liabilities #1 Other Current Liabilities #2 Other Current Liabilities #3 Other Current Liabilities #4 Other Current Liabilities #5 Total Current Liabilities Other NC Liability #1 Other NC Liability #2 Other NC Liability #3 Other NC Liability #4 Other NC Liability #5 Minority Interest Long Term Debt: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Long Term Debt TOTAL LIABILITIES Net Worth: Equity - Common - Preferred Retained Earnings TOTAL NET WORTH

1994

1995

Historical 1996

1997

1998

ProForma 1999

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

TOTAL LIABILITIES & EQUITY

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

Page 39 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_IS

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 Net Sales Cost Of Goods Sold Gross Margin Operating Expenses: SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Subtotal Consolidated EBIT Depreciation & Depletion Intangible Amortization Consolidated EBITDA Interest Income Interest Expense: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Total Interest Expense Extraordinary Gain (Loss) Net Income Before Taxes Provision For Income Taxes Net Income Preferred Dividends Net Income To Common Shares Outstanding $0.0 0.0 0.0 1995 $0.0 0.0 0.0 Historical 1996 $0.0 0.0 0.0 1997 $0.0 0.0 0.0 1998 $0.0 0.0 0.0 ProForma 1999 $0.0 0.0 0.0 2000 $0.0 0.0 0.0 2001 $0.0 0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0 2006 $0.0 0.0 0.0 2007 $0.0 0.0 0.0 2008 $0.0 0.0 0.0 2009 $0.0 0.0 0.0

Project XXX - Company B Historical and Projected Income Statement

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Page 40 of 49

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Flow From Operations: Net Income To Common Depreciation & Depletion Intangible Amortization Working Capital Source (Use): (Increase) In Net Working Capital Changes in Other Assets/Liabilties: (Increase) In Other Assets/Liabilties Cash Flows From Operating Activities Cash Flow From Investing Activities: Capital Expenditures Other Cash Flows Available For Financing Cash Flow From Financing: Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Common Stock Dividends Issuance (Repurchase) of Common Stock Cash Flows From Financing Activities Cash Balance Schedule: Beginning Cash Balance Change In Cash Ending Cash Balance $0.0 $0.0 $0.0 $0.0 0.0 0.0

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_CF

4:18 AM10/16/2009

Project XXX - Company B Historical and Projected Cash Flow Statement

2001 $0.0 0.0 0.0

2002 $0.0 0.0 0.0

2003 $0.0 0.0 0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 0.0 0.0

2006 $0.0 0.0 0.0

2007 $0.0 0.0 0.0

2008 $0.0 0.0 0.0

2009 $0.0 0.0 0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

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

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

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

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

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

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

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

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

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

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

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

$0.0 0.0 $0.0

(Inc)/Dec In All NC Assets Inc/(Dec) In All NC Liabilities

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

Page 41 of 49

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Cash Available For Debt Repayment
Available Cash Balance Minimum Cash Balance Available Discretionary Cash

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_Debt_Repay

4:18 AM10/16/2009

Project XXX - Company B Projected Debt Repayment Schedule

2001 $0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 $0.0

Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 $0.0

Existing Debt
Beginning Existing Debt Balance Cash For Retirement Of Existing Debt Existing Debt Mandatory Repayment Existing Debt Retired Ending Existing Debt Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "A"
Beginning Senior Bank Term "A" Balance Cash For Retirement Of Senior Bank Term "A" Senior Bank Term "A" Mandatory Repayment Senior Bank Term "A" Retired Ending Senior Bank Term "A" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Senior Bank Term "B"
Beginning Senior Bank Term "B" Balance Cash For Retirement Of Senior Bank Term "B" Senior Bank Term "B" Mandatory Repayment Senior Bank Term "B" Retired Ending Senior Bank Term "B" Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #1
Beginning Other Long-Term Debt #1 Balance Cash For Retirement Of Other Long-Term Debt #1 Other Long-Term Debt #1 Mandatory Repayment Other Long-Term Debt #1 Retired Ending Other Long-Term Debt #1 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #2
Beginning Other Long-Term Debt #2 Balance Cash For Retirement Of Other Long-Term Debt #2 Other Long-Term Debt #2 Mandatory Repayment Other Long-Term Debt #2 Retired Ending Other Long-Term Debt #2 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #3
Beginning Other Long-Term Debt #3 Balance Cash For Retirement Of Other Long-Term Debt #3 Other Long-Term Debt #3 Mandatory Repayment Other Long-Term Debt #3 Retired Ending Other Long-Term Debt #3 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Other Long-Term Debt #4
Beginning Other Long-Term Debt #4 Balance Cash For Retirement Of Other Long-Term Debt #4 Other Long-Term Debt #4 Mandatory Repayment Other Long-Term Debt #4 Retired Ending Other Long-Term Debt #4 Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Bank Revolver
Beginning Bank Revolver Balance Cash For Retirement Of Bank Revolver Bank Revolver Retired Bank Revolver Addition Ending Bank Revolver Balance

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0

Page 42 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_D&A

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Existing Equipment Gross PP&E Land $0.0 $0.0 Beginning Amount Category 1 Category 2 Category 3 Category 4 Category 5 Total Capital Expenditures Depreciation Period 10 years Capital Expenditure $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total TOTAL CALCULATED BOOK DEPRECIATION MANUALLY INPUT BOOK DEPRECIATION BOOK DEPRECIATION $0.0 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2000 $0.0 2001 $0.0 0.0 2002 $0.0 0.0 0.0 2003 $0.0 0.0 0.0 0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 0.0 2006 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 2007 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2008 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2009 $0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 0.0 $0.0 Depreciation Method (0=SLN,1=Sum of Years) 0 Straight Line Computed or Manual Depreciation (0=Computed,1=Manual) 0 Computed

Project XXX - Company B Book Depreciation and Amortization Schedule

Period 0 0 0 0 0

Salvage $0.0 0.0 0.0 0.0 0.0

2000 $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

$0.0 0.0 0.0 0.0

2000 PP&E Schedule Beginning PP&E Capital Expenditures Asset Sales Land Less : Depreciation Ending PP&E Balance $0.0 0.0 0.0 0.0 0.0 $0.0

2001 $0.0 0.0 0.0 0.0 0.0 $0.0

2002 $0.0 0.0 0.0 0.0 0.0 $0.0

2003 $0.0 0.0 0.0 0.0 0.0 $0.0

2004 $0.0 0.0 0.0 0.0 0.0 $0.0

2005 $0.0 0.0 0.0 0.0 0.0 $0.0

2006 $0.0 0.0 0.0 0.0 0.0 $0.0

2007 $0.0 0.0 0.0 0.0 0.0 $0.0

2008 $0.0 0.0 0.0 0.0 0.0 $0.0

2009 $0.0 0.0 0.0 0.0 0.0 $0.0

Goodwill and Intangible Assets Amortization $ Amotiztion Period $0.0 5 years

2000 $0.0

2001 $0.0

2002 $0.0

2003 $0.0

2004 $0.0

2005 $0.0

2006 $0.0

2007 $0.0

2008 $0.0

2009 $0.0

2000 Intangible Schedule Beginning Intangible Account Less : Amortization Ending Intangible Account $0.0 0.0 $0.0

2001 $0.0 0.0 $0.0

2002 $0.0 0.0 $0.0

2003 $0.0 0.0 $0.0

2004 $0.0 0.0 $0.0

2005 $0.0 0.0 $0.0

2006 $0.0 0.0 $0.0

2007 $0.0 0.0 $0.0

2008 $0.0 0.0 $0.0

2009 $0.0 0.0 $0.0

TOTAL CALCULATED AMORTIZATION MANUALLY INPUT BOOK DEPRECIATION TOTAL AMORTIZATION

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

Page 43 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_SHE

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Beginning Shareholder's Equity Net Income Adjustments to Net Income Common Stock Dividends Issuance (Repurchase) of Common Stock Ending Shareholder's Equity $0.0 0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 0.0 $0.0

Project XXX - Company B Shareholder's Equity Schedule

Page 44 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_WC&BS_Assume

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1994 Current Assets: Accounts Receivable / Sales Inventories / Sales Prepaid Expenses / Sales Other Current Assets #2 / Sales Other Current Assets #3 / Sales Other Current Assets #4 / Sales Other Current Assets #5 / Sales Current Liabilities: Accounts Payable / Sales Accrued Liabilities / Sales Other Current Liabilities #1 / Sales Other Current Liabilities #2 / Sales Other Current Liabilities #3 / Sales Other Current Liabilities #4 / Sales Other Current Liabilities #5 / Sales Other Assumptions: Other NC Assets #1 / Sales Other NC Assets #2 / Sales Other NC Assets #3 / Sales Other NC Assets #4 / Sales Other NC Assets #5 / Sales Other NC Assets #6 / Sales Other NC Liability #1 / Sales Other NC Liability #2 / Sales Other NC Liability #3 / Sales Other NC Liability #4 / Sales Other NC Liability #5 / Sales Minority Interest / Sales 1995 Historical 1996 1997 1998 ProForma 1999 2000 2001 2002 2003 Projected 2004 2005 2006 2007 2008 2009

Project XXX - Company B Working Capital and Balance Sheet Assumptions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Page 45 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_IS_Assume

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 1993 Sales $0.0 1994 0.0% 0.0% 0.0% 1995 0.0% 0.0% 0.0% Historical 1996 0.0% 0.0% 0.0% 1997 0.0% 0.0% 0.0% 1998 0.0% 0.0% 0.0% ProForma 1999 0.0% 0.0% 0.0% 2000 0.0% 0.0% 0.0% 2001 0.0% 0.0% 0.0% 2002 0.0% 0.0% 0.0% 2003 0.0% 0.0% 0.0% Projected 2004 2005 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2006 0.0% 0.0% 0.0% 2007 0.0% 0.0% 0.0% 2008 0.0% 0.0% 0.0% 2009 0.0% 0.0% 0.0%

Project XXX - Company B Income Statement Assumptions and Historical Performance

Net Sales Cost Of Goods Sold / Sales Gross Margin Operating Expenses / Sales SG&A Other Expense #1 Other Expense #2 Other Expense #3 Other Expense #4 Consolidated EBIT / Sales Consolidated EBITDA / Sales Interest (Coupon) Rates: Interest Income Existing Debt Bank Revolver Senior Bank Term "A" Senior Bank Term "B" Other Long-Term Debt #1 Other Long-Term Debt #2 Other Long-Term Debt #3 Other Long-Term Debt #4 Preferred Stock (% of Par) Preferred Stock ($ Amount) Preferred Stock Par Value Tax Rates: Federal Tax Rate State Tax Rate Effective Tax Rate

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00 $100.0

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $0.00

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

0.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

40.0% 0.0% 0.0%

Page 46 of 49

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Case Selection: 1

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_Perform_Assume

4:18 AM10/16/2009

Project XXX - Company B Performance Assumptions

Historical Net Sales 1 = Base 2 = Optimistic 3 = Pessimistic Cost Of Goods Sold / Sales Base Optimistic Pessimistic SG&A / Sales Base Optimistic Pessimistic Other Expense #1 / Sales Base Optimistic Pessimistic Other Expense #2 / Sales Base Optimistic Pessimistic Other Expense #3 / Sales Base Optimistic Pessimistic Other Expense #4 / Sales Base Optimistic Pessimistic 0.0%

2000

2001

2002

2003

Projected 2004 2005

2006

2007

2008

2009

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

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

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

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

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

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

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

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

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

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

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

Page 47 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_FCFF

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) 2000 Consolidated EBIT Less: Taxes at (40.0%) Plus: Depreciation & Amortization Unlevered Cash Flow Minus: Capital Expenditures Inc/(Dec) In Working Capital Inc/(Dec) In All NC Assets (Inc)/Dec In All NC Liabilities Free Cash Flow $0.0 0.0 0.0 $0.0 2001 $0.0 0.0 0.0 $0.0 2002 $0.0 0.0 0.0 $0.0 2003 $0.0 0.0 0.0 $0.0 Projected 2004 2005 $0.0 0.0 0.0 $0.0 $0.0 0.0 0.0 $0.0 2006 $0.0 0.0 0.0 $0.0 2007 $0.0 0.0 0.0 $0.0 2008 $0.0 0.0 0.0 $0.0 2009 $0.0 0.0 0.0 $0.0 Normalized 2009 $0.0 0.0 0.0 $0.0 Proforma 1999

Project XXX - Company B Free Cash Flow Summary

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

0.0 0.0 0.0 0.0 $0.0

Page 48 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_DCF

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) NPV of Free Cash Flows NPV of FCFF @ 7.00% NPV of FCFF @ 8.00% NPV of FCFF @ 9.00% $0.0 0.0 0.0 FV of Terminal Value (EBITDA) Terminal Value @ 4.0x Terminal Value @ 6.0x Terminal Value @ 8.0x $0.0 0.0 0.0 FV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

Project XXX - Company B Discounted Cash Flow Analysis

3.0% $0.0 0.0 0.0

PV of Terminal Value (EBITDA) 4.0x 6.0x Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

8.0x $0.0 0.0 0.0

PV of Terminal Value (Perpetuity) 1.0% 2.0% Terminal Value @ 7.00% $0.0 $0.0 Terminal Value @ 8.00% 0.0 0.0 Terminal Value @ 9.00% 0.0 0.0

3.0% $0.0 0.0 0.0

Page 49 of 49

ad458619-b6f7-4907-8bfb-4e281baa7ded1Targ_DCF_Table

4:18 AM10/16/2009

Target Model Balances Circ Breaker Is On No Cash Minimum Pooling Accounting Performance Case: Base (FYE January; $ in millions) Total Enterprise Value EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

Project XXX - Company B Discounted Cash Flow Table Summary

Total Enterprise Value EBITDA Multiple Method 6.0x 8.0x $0.0 0.0 0.0 $0.0 0.0 0.0 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% $0.0 0.0 0.0 $0.0 0.0 0.0 $0.0 0.0 0.0

4.0x 7.00% 8.00% 9.00%

$0.0 0.0 0.0

Total Equity Value Per Share EBITDA Multiple Method 4.0x 6.0x 8.0x 7.00% 8.00% 9.00% NA NA NA NA NA NA NA NA NA 7.00% 8.00% 9.00% Perpetuity Growth Method 1.0% 2.0% 3.0% NA NA NA NA NA NA NA NA NA


				
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Description: Excel valuation model for combining companies