1. RMDG Aerospace Preliminary Results Presentation March 2007

2. Senior Management Team Steve Cooper –CEO –Previously President of IMI’s Fluid Power Division –£450m sales –22 manufacturing locations worldwide –6500 people Mike Welburn –Group Sales Director –Previously Director of Global OEM Strategy for IMI’s Fluid Power Division

3. Results Overview-Highlights Record results Operating profit* up 59.6% to £1,044k Strong underlying growth £120k investment in restructuring/rationalisation at RMDG Acquisition of Maxpower Automotive announced today Continue to look for further opportunities to expand *before rationalisation, goodwill amortisation and FRS 20 charges

4. Results Overview *Before rationalisation,goodwill amortisation and FRS20 charges 2007 £’000 2006 £’000 Change % Sales11,1476,202+79.7 Operating Profit*1,044654+59.6 Operating Profit after rationalisation costs 924654+41.3 Adjusted earnings Per share* 2.63p2.11p+24.6

5. Business Review Malvern Tubular Components Redman Fittings RMDG Aerospace Maxpower Automotive

6. Supporting major OEM’s worldwide Largest of the businesses UK, USA, Asia Key end market is power generation –Generator sets –Diesel engines –Radiators Sales up 16% Further extension of component purchases from lower cost countries Improving customer value

7. Low Cost Country Sourcing Office established in Nanjing for 18 months Good progress to date 4 Full time employees Network of sub contractors for:- –Tube –Bellows –End fittings

8. Innovation Revolutionary end fitting system World wide patents Able to join multi-layer pipework Strong demand from water companies –Brown field site developments –Potential land contamination –Water quality Sales up 61% Outlook encouraging Additional markets/opportunities identified

9. Acquired June 2006 Productivity up 15% Team working on identifying and sourcing components from low cost countries £120k investment in rationalisation/reorganisation Delivery performance improving to world class levels Plans to make business a significant contributor to profits 07/08 well on track

10. New Shop floor layout BeforeAfter

12. Acquisition of Maxpower Automotive Announced today Cash consideration £1.55m For year ending March 2006 –PBT £69.7k –Sales £5.3m –Gross assets £2.8m –Net assets £428k

13. Maxpower Tube manipulation and fabrication Off highway, niche Automotive Steel, plastic and hybrid tube forming

14. Maxpower The type of business we know and understand well Blue chip OEM customers base –Perkins –Shibaura –Land Rover –JCB –Dura –Siemens VDO Techniques and methods used at MTC will be used to drive the business forward

15. New Group Structure.

16. Tricorn Group Plc-Strategy Operational Performance –Continue to drive for world class operational performance within individual businesses –Develop local management expertise –Intimate customer relationships –Lean manufacture –On time delivery –Quality Margin improvement –Overhead streamlining –Year on year productivity improvements –Component and semi finished sourcing from low cost countries Growth –Continue to grow through acquisitions and organically –Maintain clear focus on pipe solutions –Increase customer penetration as product portfolio expand and develops –Acquire new customers

17. Markets Power Gen Aerospace Off High Niche Auto Water Other

18. Customers Blue chip Original Equipment manufacturers Caterpillar –Perkins –F G Wilson Rolls-Royce Cummins JCB Shorts Bombardier Land Rover GPS Bearward

19. Tricorn Group Summary Strong and experienced management team Proven track record established Clear, focussed strategy Scope for significant expansion Outlook for the Group very positive with all key market sectors strong and drive for reduced costs continuing to be successful