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									Investor Presentation




      August, 2008


           Helping the World’s Leading Companies
            … Make the World’s Favorite Products
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Forward-looking Statements
                          … see recent 10-Q for risks and uncertainties




 Any forward-looking statements made at this meeting by their nature
 involve risks and uncertainties that could significantly impact operations,
 markets, products and expected results.

 For further information, please refer to the Cautionary Statement
 included in our most recent Form 10-Q on file with the Securities and
 Exchange Commission.




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Milacron: A World Leader in…
PLASTICS PROCESSING                                                       INDUSTRIAL FLUIDS
~ 85% of revenues                                                                                ~ 15% of revenues

Broadest line supplier of equipment,                                             Water-based and oil-based
supplies and services                                                               coolants, lubricant and
                                          Plastics                                       process cleaners
All 3 major processing                    Machinery
methods: injection, blow                                                                    Used in metal cutting
molding, extrusion                                        Industrial                          and metal forming
                                                          Fluids
Machinery sales:                  Plastics Parts                                               Water-based fluids:
 #1 in North America              & Services       Mold
                                                                                               #1 in North America
 #4 in Europe                                      Technologies
                                                                                                      #2 in Europe

Mold technologies:
 #1 in North America




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Diverse Customer Base
                                                                            … with growing global presence
                                                  First Half
                                                 2008 Orders
                                                 $397 Million

                                   8% Other
                        5%
            Custom Molders
                                                     21%
                                                      Packaging
                      6%
              Medical                                                                                        43%
                                                                                                        United States
                  7%                                                            13%
Electrical / Electronic                                                         Asia &
                                                                                ROW
                                                               16%                                 34%
                    9%                                        Automotive
     Consumer Goods                                                                               Europe                                       Canada &
                                                                                                                                                 Mexico
                           9%                     10%
              Building Materials       9%        Appliances
                                    Industrial




                                                                                                                                                                          4
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Strong Global Brands
                … 125-year-old reputation for quality and reliability


Worldwide Name Recognition




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 Who We Are… What We Do
              … Milacron – behind products you see and use every day


  Slogan: Helping the World’s Leading Companies
           …Make the World’s Favorite Products


automotive   packaging   medical   electronics           industrial                    materials                      consumer
                                   48%




Value Proposition: Technology and Service




                                                                                                                                           6
Market Macro Overview




          Helping the World’s Leading Companies
           … Make the World’s Favorite Products
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Plastics: The Material of Choice
                              … the conversion of materials continues unabated

 Indexed
By Weight                                       Global Production
1000

                              CAGR 1970-2007                                                                     Plastics
 800          Steel 2.2%     Aluminum 3.8% Plastics 6.0%



 600


 400                                                                                                               Aluminum


                                                                                                                   Steel
 200


     0
         70          75          80           85           90     95             00                 05
     Source: Society of the Plastics Industry and Milacron Inc.


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Plastics: U.S. Growth Has Slowed
                    … reflecting declines in the auto and construction sectors


 Indexed
2002 = 100
                              U.S. Plastic Part Production
    120

    110

    100

     90

     80

     70

     60

     50
          88   89   90   91   92   93   94   95   96   97   98   99    00      01       02      03       04      05      06       07      08


   Source: U.S. Federal Reserve Board



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Plastics: Projected World Consumption
          … Asia fastest growing, but Europe/Americas still large markets
 per capita demand in kg


                 +4.2%                  +3.6%

                       120                        118
                105                        99
          46
                                   40                                                                 +6.2%

          1980 2005    2015        1980 2005     2015
                                                                                                 2        20         27
        North America            Western Europe
                                                                                               1990 2006             2015
                                                                                            Asia ex. Japan

                                    Global Consumption                                               Global Growth
                                    1990          86 mil. Tons                        1990-2006 +5.5% annually
                                    2006        245 mil. Tons                         2006-2015 +5.0% annually
                                    2015        328 mil. Tons
  Source: BASF, VKE 2008

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Growth in Plastics: Automotive


                 Use of Plastic in Cars
 Average
 Kg / Car

  250
                                                                                  207

  200                                                           170
                                                        140
  150
                                         100
                              80
  100
                50
    50

      0
            1970s        1980s       1990s         2000       2005             2010


       Source: APME, Bayer Research, Rhodia Polyamide


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Growth in Plastics: Packaging

  Consequences of packaging without plastic
  in percent
                                                   BASF AG



       391

                                                           258
                   208          220


    100         100          100                    100

  Packaging    Production   Production           Garbage
   Weight       Energy         Cost              Volume




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Growth in Plastics: Building Materials

                U.S. WFC & Plastic Lumber
  In billions of lbs.

    7                                                                                           6.6

    6
    5                                                                       4.5

    4
                                                         2.7
    3
                                       1.5
    2
                        0.7
    1
    0
               1994              1999               2004                2009               2014



 Source: Freedonia Group, Composite & Plastic Lumber Study, February 2006




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 Growth in Plastics: Health Care

        U.S. Medical Device Revenues
In billions

$100                                                                                    95
                                                                         86
                                                            69   75
 $75                                                   63
                                      54        58
                           50
               47
 $50

 $25

    $0
              1999 2000 2001 2002 2003 2004 2005 2006 2007


         Source: Freedonia Group, Reed Life Sciences




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Plastics Machinery Markets
                                     … plastics processing equipment and systems

                  Estimated Global Market - $16 Billion

                        40%                                                                    60%
                        Injection                                                              Asia
                        Molding
      20%
      Other                                             20%
                                    20%                 Europe
                      20%           Extrusion                                                  15%
                      Blow                                                                     North
                      Molding                                                                  America


                                                                    5%
                                                                    ROW

                         Projected Annual Growth Rate:
                           3.5% to $19 Billion in 2009
 Sources: Fredonia, Milacron

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Mold Technologies Markets
                             … products and supplies for injection mold makers

                     Estimated Global Market - $2.7 Billion

                          25%                                             25%
                          Components                                      Americas
      35%                                                                                                  25%
      Mold                                                                                                 Europe
      Bases
                               25%
                               Hot                                   50%
                               Runners                               Asia




             10%             5%
             Supplies        Controls

                          Average Annual Growth Rate:
                                  2.5% to 3%
  Source: Milacron Inc.

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Metalworking Fluids Markets
                                              … most end-markets have GDP growth rates

                      Estimated Global Market - $2.4 Billion
                    20%
                    Semi-
                                             20%                                                        37%
                    Synthetic
                                             Soluble                                                    Asia
                                             Oil
                                                                       30%
           45%                               15%                       Europe
           Straight                          Synthetic                                                           32%
           Oil                                                                                                   Americas




                                                                              5%
                                                                             ROW

                                 Average Annual Growth Rate:
                                         2.5% to 3%
  Sources: Frost & Sullivan; Milacron Inc.


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Cyclicality of the Machinery Market
                          … extended boom cycle followed by extended bust

              U.S. Injection Machine Industry Shipments
                                     12-Month Moving Total
    In millions
                           Tech bubble,
    $1,300                 Y2K build up.
                                                                                                             Oil prices soar.
                                                                                                              US Big 3 auto
                                                                                                                  woes.
                     Worldwide                                                                              New housing bust.
                   resin shortage.                                             Steepest
                                                                               decline,
                                                                            longest trough.
    $1,000
                                                         9/11/2001.
                                                           War in
                                                           Middle
                                                            East.




     $700




     $400
                  95 96 97 98 99 00 01 02 03 04 05
                                                   06 07 08*
          Source: The Society of the Plastics Industry
          * Thru June 2008
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Current Impact of Used Equipment
 12/12
Rate-of-                                 … glut of used machines can hurt new machine sales
Change
in Units
                                   UCC Used Machinery v. SPI Reported Shipments
200

180

160

140

120

100

  80

  60          UCC Used Machinery (through 03/08)
              SPI Reported Shipments (through 06/08)
  40       JFMAMJ JA SOND J FMAMJJASONDJ FMAMJJASONDJ FMAMJ JA SOND JFMAMJ JA SOND JFMAMJJASONDJ FMAMJJASONDJ FMAMJ JA SOND JFMAMJ JA SOND JFMAMJJASONDJ FMAMJJASONDJ FMAMJ JA SOND JFMAMJ

              1996          1997          1998          1999          2000         2001          2002            2003          2004             2005          2006             2007 2008

       Source: SPI; EDA UCC Filings
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Plastics Machinery Industry News
                                                                            … a flurry of activity in 2007 and into 2008
                                                  October
                2007                       Century Extrusion buys China’s
                                                                                                                                                           February

                                           Nanjing Ruiya Polymer
                                           (extruders).
       June                                                                                                                               Niigata expands production

Demag closes Van Dorn, ending 60
                                                                                                   2008                                  capacity to support increased
                                                                                                                                           sales of electric injection
years of injection molding machine                          November                                                                     machines in the US and Asia
manufacturing
                                                                                                               February                                    February
                                          Arburg adds two technology centers
                                          in the U.S. and plans to expand sales
              June                                      into Mexico
                                                                                          Billion changes strategy                      K-M & Toshiba Machine sign a
    Husky buys division of Moldflow                                                       and reaches beyond its                          cooperation agreement to
    (temperature controls)                                 November                      home market of France to                       develop leading edge injection
                                                                                           sell in North America                             molding machinery


                                                 JSW discontinues                                      February                                                February
                                                horizontal hydraulic
                                               product lines and fully
         September                               adopts all-electric
                                                                                     Battenfeld narrowly escapes                           Engel announces intent to close
                                                    technology
  Onex buys Husky                                                                     insolvency as it seeks new                           Guelph, ON manufacturing site
                                                                                    owners to provide needed cash                          and move production to the US

                                                     November
                                                                                                    February
                                                                                                                                                               March

         September                      Haitian expands production
                                       sites in China and purchases                Stork sets up a U.S. sales office
   Billion makes offer for            Zhafir Plastics Machinery GmbH              in Shirley, MA to sell high-speed                        Sumitomo buys Demag Plastics
   Sandretto (injection)                         in Germany                             packaging machinery                                Group intending to become the
                                                                                                                                              global leader in injection
                                                             
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Plastics Machinery Industry News
                                                                          … activity continues strong in 2008
            2008

                    April                     July


    Wittmann acquires Battenfeld
   Injection Machinery – intends to   India’s L&T Demag initiated a probe
     double sales of IMM by 2010      by the Indian Govt. alleging dumping
                                         by Chinese IMM manufacturers
                                                                                                                July

                                                                                                    Husky announces plans to exit
                                                                                                    automotive market to concentrate
                                                                                                    on preform machines & plans to
                                                       July
         June                                                                                       reconfigure Luxembourg plant to
                                                                                                    support PET packaging market
    Romi’s receives approval
                                      K-M instructs Goldman-Sachs to
    to acquire Sandretto
                                      prepare for IPO; also rumored to
                                      be pulling back from N.A. market
                                        in favor of E. Europe & Asia                                                         August




                                                          July                                         Hasco, mold & component supplier,
                   June                                                                                announces N.A. restructuring to exit
                                                                                                       manufacturing and focus on sales &
                                                                                                                  distribution.
                                           Demag announces intention to
  Engel announces intent to target
                                          use Sumitomo motors and drives
  N.A. all-electric machine market
                                               on IntElect product line
  with E-Max line – going head-to-
  head with Japanese competitors

                                                                                                                                                                  21
Operating Results & Strategy




             Helping the World’s Leading Companies
              … Make the World’s Favorite Products
                                                    C:\WINNT\Profiles\jtalia\Desktop\Milacron HY Notes Roadshow April 2004.ppt - Apr 23 2004 - 17:39 /23




A Slow Recovery
                 … stalled in 2007 and 2008 by declines in North America

                               Milacron Sales
  In millions

  $900
                                              809             820              808
                  755                  774
                                740
                         693
  $700




  $500
                2001    2002   2003   2004   2005          2006             2007




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Milacron’s Growth Strategy
                 … sustainable profitability through long-term growth
                                                                    PROFITABLE
                                                                     GROWTH
     REVENUE




               TACTICS
               Cost Reductions
               Lean Initiatives
               Global Sourcing                                       STRATEGY
                                                                     Aftermarket Sales
                                                                     Emerging Markets
                                                                     New Products



                              RETURN ON INVESTMENT

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Aftermarket Growth
                                     …better margins and solid, dependable growth


                    Milacron Machinery                                               2007 Sales
                    Aftermarket Sales                                               $808 Million
In millions

$220
                                                198
                                         190
$190                           180                                             25%
                      171
              163                                                       Aftermarket                        42%
$160
                                                                                                           Machinery
                                                                       Mold Tech
$130                                                                   18%       15%
                                                                                 Fluids
$100
          2003      2004    2005       2006    2007




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Growth in Emerging Markets
                       …investment in expanded distribution paying off

                    Milacron Sales
                 to Emerging Markets
   In millions
                                                                187
   $200
                                               147
                                        137
   $150                         129                                                            Asia
                        109
                                                                                               Latin America
                 97
                                                                                               Eastern Europe
   $100
                                                                                               Rest of World

    $50

     $0
            2002      2003    2004    2005    2006         2007



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                         Innovative
New Injection Molding Systems Solutions
   …advanced technologies make our customers more productive

                                                     All-electric injection
                                                      molding for major energy
                                                      savings and clean-room
                                                      production
                                                     Multi-material injection
                                                      molding capabilities
                                                     In-mold labeling and
                                                      assembly




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New Blow Molding Systems
      …an industry first: all-electric blow molding by Milacron


                                                     All-electric blow molding
                                                      system for energy
                                                      savings and greater
                                                      precision/repeatability
                                                     “Clean blow” technology
                                                      to help extend shelf life
                                                     Multi-layer blow molding
                                                      for durability and lower
                                                      cost
                                                     Blow molding systems
                                                      for “case-less” plastic
                                                      milk jugs – stackable
                                                      and waste-eliminating




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New Extrusion Systems                                          Innovative Solutions

  …wood-fiber composites: made of sawdust and recycled plastic

                                          Leading twin-screw
                                           extrusion technology to
                                           process PVC and wood-
                                           flour composites
                                          Advanced systems to
                                           extrude PVC pipe,
                                           window and door profiles,
                                           vinyl siding, etc.
                                          Single-screw extruders
                                           for many markets such as
                                           sheet, profile and pipe
                                          Replacement barrels and
                                           screws for all makes of
                                           extruders




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New Mold Technologies Products
     …mold runner systems for new products and applications
                                                     First “cold deck” runner
                                                      system in U.S. for liquid
                                                      silicone rubber molding,
                                                      a market with current
                                                      double-digit growth
                                                     Hot runner systems
                                                      customized for crate and
                                                      container molding
                                                     Hot runners for molding
                                                      PLA (polylactic acid), a
                                                      starch-based, renewable,
                                                      biodegradable polymer




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                                                                                                         Innovative Solutions
New Industrial Fluids
…environmentally friendly bio-stable fluids and high-performance fluids
                              Milacron Biostable
        In thousands              Fluid Sales
           $200



           $150



           $100



            $50



             $0
                  J F M A M J J A S O N D J F M A
                                                  M J J A S O N D
                           2006                       2007


                  Milacron High-Performance
       In thousands       Fluid Sales
           $10


            $8


            $6


            $4


            $2


            $0
                  J    F     M    A   M   J   J   A    S     O   N   D
                                      2007
                                                                                                                                                                       31
Financials




    Helping the World’s Leading Companies
     … Make the World’s Favorite Products
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Four Reporting Segments
Machinery                            Consolidated                                             Mold Technologies –
Technologies –                                                                                Global
                                        Sales
Europe
                                      First Half                                              •    Sales: $76 M
• Sales: $94 M                          2008:
                                                                                              •    EBIT*: $1.5 M
• EBIT*: $0M
                                     $419 Million
                                                                                                      Machinery
                                                                                              • MoldTechnologies -
                                                                                                     bases, hot-runner
• Injection molding, blow                                                                       systems, mold parts,
                                                                                                     North America
  molding and extrusion
                                        22%                                                     MRO supplies
                                                            18%


                                                           16%                                 Industrial Fluids –
Machinery                         44%
                                                                                               Global
Technologies –
North America                                                                                  •    Sales : $67 M

•   Sales: $188 M                                                                              •    EBIT*: $7.5 M

•   EBIT*: $10.8 M                                                                             • Metalworking fluids,
                                                                                                 solvents and process
• Injection molding, blow                                                                        cleaners
  molding and extrusion
                            * Segment EBIT excludes restructuring
                              and other non-recurring costs.
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Bridge: 1st Half 2007 to 1st Half 2008
                    In millions                                                                         In millions



   1st H 07 SALES   $ 387.6             1st H 07 EBITDA*                                                $      12.6

        Volume             4.3                   Volume & absorption                                              -

        Price              4.7                   Price increases                                                  4.7

        Currency         21.9                    Material cost increases                                        (3.9)

                                                 Net cost reductions                                              8.1

                                                 Marketing & distribution                                       (1.4)

   1st H 08 SALES   $ 418.5             1st H 08 EBITDA*                                                $      20.1


                                  * Excludes restructuring, refinancing and other non-recurring costs.




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Capitalization                            – as of June 30, 2008

                                                                        In millions

     Debt

        N.A. Asset-Based Loan due 2011                                     $        27
        European Asset-Based Loan due 2013                                          23
        Senior Secured Notes 11.5% due 2011 (1)                                    222
        Capital Leases and Other                                                    16

                                      Total Debt                                   288

     Equity

        4% Preferred Stock                                                           6
        6% Series B Convertible Preferrred Stock (2)                               121
        Common Shares and Capital in Excess of Par                                 357
        Contingent Warrants                                                        -
        Accumulated Deficit                                                       (493)
        Accumulated Comprehensive Loss (3)                                         (39)

                                   Total Equity                                     (48)

                 Total Net Capitalization                                  $       240


     (1) Net of original issue discount
     (2) Mandatory conversion in 2011
     (3) Includes pension liability adjustment of $56 M
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  Free Cash Flow
                                                                … conserving cash is a top priority
                                                                                                                                                     1st Half
                                                                  2005                   2006                            2007                           2008
Sales                                                            $
                                                        In millions   809               $ 820                          $ 808                           $ 419
Operating Earnings (1)                                           $     12               $      12                      $      21                       $      13
 Depreciation and Amortization                                         18                      17                             16                               7
EBITDA     (2)                                                         30                      29                             37                              20
 Primary Working Capital                                                2
                                                                        2                        3                            15                            (26)
 Pension Expense Reversal                                              12                     13                               11                             1
 Other                                                                 (3)                     8                             (15)                             6
  Subtotal                                                             11                     24                               11                           (19)
Pension Contributions                                                  (3)                   (32)                            -                               (5)
Capital Additions - net of disposals                                  (12)                   (14)                              (8)                           (4)
Funds From Operations                                                  26                      7                               40                            (7)
Cash Interest and Dividends                                           (33)                   (28)                            (30)                           (15)
Tax Refunds (Payments)                                                  1                      1                               (3)                           (2)
Free Cash Flow Before Non-Recurring                                    (6)                   (20)                               7                           (24)
Restructuring and Refinancing Costs                                    (2)                    (9)                              (5)                           (6)
Free Cash Flow                                                   $     (8)              $ (30)                         $        2                      $ (29)

    (1) Excludes restructuring and other non-recurring costs.
    (2) See quarterly earnings releases for details.

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Liquidity
                                           … maintaining good flexibility
                           In millions
                                            2007                    2008
                                           Actual                 Actual
                                             YR                  Q1     Q2
    U.S. ABL Facility
     Borrowing Base                        $ 77                $ 85             $ 86
     Less:
       Drawn - on balance sheet              24                  17               27
       Letters of Credit                      8                   7                7
         Total Availability before block     45                  61               52
     Reserves                                11                  11               11
       Total Availability                  $ 34                $ 50             $ 42

    European ABL Facility
     Borrowing Base                                            $ 27             $ 37
     Less:
        Usage                                                    24              31
        Total Availability before block                           3               6
     Reserves                                                     3               3
      Total Availability                                       $-               $ 3

    Ending Cash Balance                    $ 41                $ 37             $ 40


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Capital Spending
                                     … reducing our investment requirements

                    Capital Expenditures
                          From Continuing Operations
 In millions                                                   14
$15                                          13

                                 9                                                  10
$10
                      7
               6

  $5


  $0
           2002    2003    2004           2005          2006                   2007



                                                                                                                                                     38
Appendix




    Helping the World’s Leading Companies
     … Make the World’s Favorite Products
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2008 Third Quarter Guidance
                                                                … last updated July 31, 2008
                                                                                               Quarter Ended
         (In millions)                                                                      September 30, 2008

         Projected profit & loss items
                 Sales (1)                                                                               $195 - 208
                    Total plastics technologies                                                           164 - 174
                    Industrial fluids                                                                       31 - 34
                 Segment earnings
                    Total plastics technologies                                                             3.5 - 6.5
                    Industrial fluids                                                                       2.5 - 3.5
                 Corporate expenses                                                                             2-3
                 Interest expense - net                                                                         8-9
                 Provision for income taxes                                                                     0-1
                 Restructuring and other costs                                                                  2-3
                 Net earnings (loss) after tax (2)                                                         (10) - (2)
                  Average shares outstanding - basic                                                                5
                  Average shares outstanding - diluted                                                             11

                  Earnings per share (3)                                                          ($2.35) - ($0.80)
         Projected cash flow & balance sheet items
                 Depreciation and amortization                                                                  3-4
                 Primary working capital - decrease (4)                                                      10 - 15
                 Cash pension contribution                                                                   24 - 25
                 Capital expenditures, net                                                                      2-3
                 Cash interest                                                                                  0-1
                 Cash dividends                                                                          less than 1
                 Cash tax                                                                                less than 1
                 Cash restructuring                                                                             0-1



   See next slide for footnotes and explanations.
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2008 Third Quarter Guidance - Notes
                                                                      … last updated July 31, 2008
  Note
  The preceding amounts are approximate working estimates, around which an even wider range of numbers
  could be used for financial modeling purposes. These estimates, by their nature, involve a great number
  of risks and uncertainties. Actual results may differ as these risks and uncertainties could significantly
  impact the company's markets, products, and operations. For further information please refer to the
  Cautionary Statement included in Item 2 of the company's most recent Form 10-Q on file with the
  Securities and Exchange Commission.

  Footnotes
  1. Sales in quarter ended September 30, 2008 increased approximately $9 million over the same periods a
         year ago due to the strengthening of the euro.

  2. Loss after tax includes $0.6 million of non-cash expense related to the U.S defined benefit plan in
         quarter ended September 30, 2008.

  3. Per share amounts include accruals for preferred dividends and effect of beneficial conversion feature.

  5. Primary working capital = inventory + receivables - trade payables - advance billings.




  Assumptions
  Assumes quarter ended June 30, 2008 foreign exchange rates (e.g., USD/EUR = 1.5665) and no further
  acquisitions or divestitures.




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Five-Year Financial Summary
 In millions except per-share data


                                                               2003              2004                 2005                  2006                 2007

                                          Sales             $ 739.7           $ 774.2              $ 808.9               $ 820.1               $ 807.9

     A/T Loss from Continuing Operations
       Before Restructuring, Refinancing,
          Goodwill, Change of Ownership,
         and Penison Curtailment Charges                      (20.0)            (16.9)                (15.0)               (20.6)                 (9.0)

               After-Tax Restructuring Costs                  (25.5)            (13.0)                 (1.5)               (17.4)                (12.5)

                  Change of Ownership Costs                     -                 -                     -                    -                    (1.9)

          Change of Ownership Tax Impact                        -                 -                     -                    -                   (63.0)

                   Pension Curtailment Costs                    -                 -                     -                    -                    (1.9)

                               Refinancing Costs               (1.8)            (21.4)                  -                    (1.8)                 -

                 Goodwill Impairment Charge                   (65.6)              -                     -                    -                     -

         Writedown of Deferred Tax Assets                     (70.8)              -                     -                    -                     -

                         Earnings (Loss) from
                      Discontinued Operations                  (7.2)             (0.5)                  2.5                   0.1                  1.2

                             Net Earnings (Loss)             (190.9)            (51.8)                (14.0)               (39.7)                (87.1)
                                      Per Share              (52.13)           (17.30)                (4.24)              (10.15)               (19.25)



                                        EBITDA*             $ 28.8            $ 38.1               $ 30.0                $ 28.8                $ 37.2



        * Excludes restructuring and refinancing charges, and the writedown of goodwill and deferred tax assets.

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Borrowing Capacity
                                    … credit facility provides operational flexibility

                               N. A. ABL Availability* 50
  In millions


 $50
                                                                                                   44
                                                                                                                   42
        37           38
 $40                                                37
                                                                   34
                35        34
                                    33 31                33

 $30                                                                                                      26
                               23              24
                                                                          21
                                                              20                  21
 $20

 $10

  $0
        J       F M A M             J      J   A    S    O N       D      J       F M             A M              J
                                    2007                                                   2008
  * Net of letters of credit and block
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Major Debt Terms
 $225 M Senior Secured 11½% Notes due May 2011
      First priority lien/pledge on
       •   Property, equipment, fixed assets and certain intangibles
       •   100% capital stock of all domestic subsidiaries
       •   65% capital stock of certain non-U.S. subsidiaries
      Second priority lien on ABL-secured assets
      Standard high yield covenants
      Guarantees: substantially all wholly owned domestic and Canadian subsidiaries and Milacron Capital Holdings
       B.V. on a senior basis



 $105 M ABL due December 2011 – General Electric Capital Corporation
      Borrowing base: 85% eligible AR + 35% approximately eligible inventory
      Libor + 150-250 bps or Index + 50-150 bps
      First priority lien on AR, inventory and other current assets
      Second priority lien on bond-secured assets
      No performance covenants as long as minimum availability maintained
      Guarantees: substantially all wholly owned domestic and Canadian subsidiaries


 €27 M ABL due March 2013 – Lloyds TSB Group
      Asset-secured loans + sale of receivables program
      Euribor + 175-200 bps
      Covenants: fixed charge ratio 1:1 in Europe; minimum TNW for German borrower


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Reconciliation: EBITDA to Net Loss
 In millions except per-share data
                                                                                  2003                  2004                   2005                  2006                2007

 Adjusted EBITDA                                                            $     29.9          $       50.6           $       52.4           $      50.1          $     46.7

 U.S. defined benefit pension income (expense)                                     0.5                  (6.4)                 (12.3)                (12.8)              (11.2)
 Self-insurance income (expense) related principally to product liability         (1.6)                 (4.2)                  (2.8)                 (3.7)                4.7
 Sarbanes-Oxley expense                                                            -                    (1.9)                  (7.3)                 (4.8)               (3.0)

 EBITDA                                                                           28.8                  38.1                   30.0                  28.8                37.2

 Depreciation and amortization                                                   (21.7)                (20.3)                 (18.4)                (16.8)              (16.1)
 Restructuring expenses                                                          (27.1)                (13.0)                  (1.6)                (17.4)              (12.5)
 Change in ownership costs                                                         -                     -                      -                     -                  (1.9)
 Change in ownership tax impact                                                    -                     -                      -                     -                 (63.0)
 Pension curtailment                                                               -                     -                      -                     -                  (1.9)
 Refinancing expenses                                                             (1.8)                (21.4)                   -                    (1.8)                -
 Goodwill impairment charge                                                      (65.6)                  -                      -                     -                   -

 Operating earnings (loss)                                                       (87.4)                (16.6)                  10.0                  (7.2)              (58.2)

 Interest expense - net of interest income                                       (23.0)                (37.3)                 (30.3)                (30.0)              (31.4)

 Loss from continuing operations before income taxes
   and cumulative effect of change in method of accounting                      (110.4)                (53.9)                 (20.3)                (37.2)              (89.6)

 Provision (benefit) for income taxes                                             73.3                  (2.6)                  (3.8)                 (2.6)               (1.3)

 Loss from continuing operations before cumulative effect
  of change in method of accounting                                             (183.7)                (51.3)                 (16.5)                (39.8)              (88.3)

 Discontinued operations net of income taxes                                      (7.2)                 (0.5)                   2.5                   0.1                 1.2
 Cumulative effect of change in method of accounting

 Net loss                                                                   $   (190.9)         $      (51.8)          $      (14.0)           $    (39.7)         $    (87.1)

 Loss per common share - basic and diluted
  Continuing operations                                                         (50.17)               (17.19)                 (4.77)               (10.17)             (19.48)
  Discontinued operations                                                        (1.96)                (0.11)                  0.53                  0.02                0.23
  Cumulative effect of change in method of accounting

  Net loss                                                                  $   (52.13)         $     (17.30)          $      (4.24)           $ (10.15)           $ (19.25)
                                                                                                                                                                                   45
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