Company Presentation

Pipe Cutting System Exact Tools Oy Särkiniementie 5 B Helsinki Finland Entrepreneur driven Chairman of the board Mr. Mika Priha, partner Managing director Mr. Seppo Makkonen, partner Company information Initial company For-Man Trade Oy was founded on Registration as Exact Tools Oy on when the company started focusing on plumbing tools. Registration number VAT numberFI DomicileHelsinki, Finland Legal formPLC (private limited company) Tel Fax Internetwww.exacttools.com

Mission O To develop innovative portable solutions for pipe cutting. O To constantly innovate and develop new products and accessories by an ongoing R&D programme. O To focus on innovative solutions by outsourcing manufacturing and to create a global distribution network. O To increase the share value. Pipe Cutting System Vision O To introduce Exact pipe cutting technology globally. O To be the most innovative manufacturer of pipe cutting tools.

Pipe Cutting System Prizes and awards 2001 Exact Tools Oy was granted the Innosuomi (Innovative Finland) Prize handed by the President of Finland. According to the jury, the Exact pipe cutting machines present an unique way to cut pipes in a huge traditional area of work. It is also creating a new industry Exact pipe cutting machine was granted the honorary mention in The Fennia Prize competition which is an international competition in industrial design. The purpose of the competition is to support manufacturers of high-standard products and to promote the competitiveness and internationalization of the industry.

Exact milestones 2002 First product Exact 220 PipeCut rolled out of production in Finland in February In a year, Exact Tools Oy started to supply this product for all Scandinavian countries Exact 360 PipeCut rolled out of production in Finland The production was transferred from Finland to Slovenia. Exact Pipe Cutting System 200 rolled out of production Exact Pipe Cutting System 170 and 170E rolled out of Slovenian production Exact Pipe Cutting System 280E and Bevel Disc rolled out of production in Taiwan as well as Exact Pipe Cutting System P400 and Exact Pipe Cutting System V1000 in Slovenia Exact Pipe Cutting System 220E and Exact Pipe Cutting System 360E will roll out of production and replace models 200 and 360. Pipe Cutting System

The history of private label customers 2003 Orbitalum Tools GmbH (former Georg Fischer RVT) contacted Exact and asked if could we produce our product under their +GF+ brand. Our first private label deal was done T-Drill Oy contacted us and asked for private label products. Second private label deal with T-Drill Oy / T-Drill inc Asada Corporation visited our office in Helsinki and asked for private label products for Japanese markets. Third private label deal with Asada Corporation Rothenberger Spain office contacted us. Fourth private label deal with Rothenberger Group Fifth private label deal with Victaulic Europe Global recession began. Exact Tools Oy was facing the fact that the sales of big private label customers does not grow anymore. Exact Tools Oy made a decision to start new strategy in sales Exact gives up private label customers (except Asada Corporation) and focuses in developing and marketing Exact brand. Pipe Cutting System

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