Zanussi Metallurgica S.p.A.

1. Zanussi Metallurgica S.p.A.

2. VCP MAJORITY SHAREHOLDERS • Firm specializing in management of private equity funds • Established in 1988 VCP has completed 50 investments, totaling over 13 billion dollars • Today running funds over 4 billion dollars 18 companies in portfolio • Fund named “VCP IV” active for new investments with a subscribed capital of 2,5 billion dollars

3. VCP MAIN INVESTMENTS SECTORS

4. MAIN INVESTORS IN VCP EQUITY

5. VCP CRITERIA FOR INVESTING

6. MISSION ZML • Zanussi Metallurgica wants to keep a stable Leadership position on the European Market supplying Cast Iron and Aluminum Die casted components as well as Enameled Copper Wires, having reliable relationship with customers and using best practices. • Everybody has to cooperate reaching excellent performances in: • Customer Satisfaction • Quality Production and Service • Efficiency • Profitability • Environmental Concern • “People make the difference” at ZML and achievement of our goals is based on: • Involvement, Cooperation, Responsibility and Membership Pride

7. Manufactoring Manufactoring Manufactoring Purchasing Purchasing Purchasing Production planning Production planning Production planning Maintenance Maintenance Maintenance Logistics Logistics Logistics Sales Sales Sales Quality Control Quality Control Quality Control Engineering Engineering Engineering Product Development Product Development Product Development ZML ORGANIZATION CHART

8. ZML STRATEGIC ISSUES • Products range widening • Added Value Increasing • New Materials and Technologies • Co-makership

9. ZML STRATEGYIMPLEMENTATION • Internal Growth • Merger and Acquisitions • Joint-ventures • Commercial Partnerships

10. INVESTMENTS

11. Maniago Plant Aviano Plant Copper CAST IRON S.G.M. ALUMINIUM CARMO Services CSSE URM Tooling Dept. COPPER WAREHOUSE ALUMINIUM WAREHOUSE Canteen Offices COPPER Porter’s Lodge PLANT LAY-OUT

12. CAST IRON MELTING CENTER

13. CAST IRON DISAMATIC 1 MOULDING AM 49

14. CAST IRON SAND BLASTING EQUIPMENTS

15. ALUMINUM MELTING OVEN

16. ALUMINUM DIE CASTING PRESSES

17. ALUMINUM 2000 TONS PRESS BAY

18. COPPER DRAWING MACHINE

19. COPPER ENAMELLING LINE

20. COPPER ENAMELLING LINE

21. GENERAL FIGURES Number of employees 634 - (avg. 627) Main Products· Rough/Machined Castings in Grey Iron · Die Cast Aluminum · Enameled Copper Wire Technologies· Cast Iron Green Sand · Aluminum Cold chamber pressure die-casting · Copper Drawing, annealing and enameling of wire Total Area 348.232 m2 Covered Area 110.159 m2

22. PRODUCTION FACILITIES AND RANGE Components Production Facilities Capacity Cast Iron 0.10 to 10 Kg 70000 tons/year in 1 horizontal moulding 3 shifts per day line (flasks) 975x675x230+230 2 vertical moulding lines (Disamatic) moulds 600x480x120-330 Aluminium 0.05 to 19 Kg 11000 tons/year 31 horizontal in 3 shifts per day cold-chamber presses from 400 to 2000 tons Copper 0.2 to 3,55 mm 24000 tons/year 29 ovens consisting of Enamelled Wire in 3 shifts per day 316 lines made of Class F (155°C) 188 horizontal lines Class H (180°C) 128 vertical lines Class C (200°C)

23. MELTING CUPOLA 24 T / H RECEIVER 30 T RECEIVER 50 T MOULDING POURING DISA 2 FISCHER FISCHER DISA 1 DISA 2 DISA 1 ON LINE SHAKING OUT SHAKING OUT SHAKING - OUT SAND BLACK MINERALE SHOT-BLASTING SHOT BLASTING SHOT BLASTING BENTONITE SHELLS CORES SHELLS FINISHING FINISHING FINISHING DELIVERY WATER CAST IRON DIVISION PRODUCTION FLOW

24. ALUMINUM DIE CASTING DIVISION PRODUCTION FLOW ALLOYS INGOTS ( 60 % ) FOUNDRY RETURNS ( 40 % ) MELTING FOURNACES Transportation laddles Aluminum Die Casting Production Islands Trimming WAREHOUSE SUPERFICIAL FINISHING DELIVERY

25. COPPER DIVISION PRODUCTION FLOW COPPER ROD 8 mm ROUGHING 1,00 mm - 2,60 mm DRAWING ENAMELLING ENAMELLING WAREHOUSE PALLETTED SPOOLS FROM 100 - 200 - 400 Kg

26. ZAMET TURNOVER TREND

27. CAST IRON DIVISION TURNOVER TREND

28. CAST IRON DIVISION VOLUME TREND

29. ALUMINUM DIE CASTING DIVISION TURNOVER TREND

30. ALUMINUM DIE CASTING DIVISION VOLUME TREND

31. COPPER DIVISION TURNOVER TREND

32. COPPER DIVISION VOLUME TREND

33. NET SALES FOR EACH DIVISION ACT 2001 (Euro Millions/%)

34. SALES BY CUSTOMERS ACT 2001

35. VOLUMES BY CUSTOMERS CAST IRON – ACT 2001

36. VOLUMES BY CUSTOMERS ALUMINUM – ACT 2001

37. VOLUMES BY CUSTOMERS COPPER WIRE – ACT 2001

38. VOLUMES SEGMENT SPLIT ACT 2001 TON /000

39. Cast Iron Aluminum Copper Wire NET SALES SEGMENT SPLIT ACT 2001

40. HOUSEHOLD APPLIANCES INDUSTRY CUSTOMER Products Division AEG washing machine components GG - Al Electrolux Zanussi washing machine components GG - Al Cubigel Unidad Hermetica compressors castings, copper wire GG - Al - Cu Verdichter compressors castings, copper wire GG - Al - Cu Zanussi Elettromeccanica compressors castings, copper wire GG - Al - Cu Sole motor shields, copper wire Cu - Al Embraco Europe compressors castings, copper wire GG - Al - Cu Tecumseh Europe compressors castings GG Bitzer compressors castings GG Siemens copper wire Cu Emerson group copper wire Cu Ametek Italia copper wire Cu Blomberg washing machine components Al Flender - ATB copper wire Cu Ceset copper wire Cu

41. AUTOMOTIVE INDUSTRY CUSTOMER END USER Products Gruener ZF Steering Al Volkswagen VW Group automatic gearbox components, GG - Al Iveco gear box cover, supports, GG - Al housings, dampers, water pumps, shifting forks, covers Daimler Crysler Mercedes water pumps GG Audi motor-shaft cover GG Dayco Fiat, OEM D/F dampers pulley GG - Al Simpson Peugeot, Renault OEM D dampers pulley GG - Al Pierburg Fiat, Peugeot, BMW water pumps, oil pumps, pulley GG - Al Renault, GM, Ford Robert Bosch Fiat, Iveco, OEM D master cylinders, wheel cylinders GG Sata Fiat flywheels GG Brembo Spare parts for OEM solid and ventilated brake discs GG Zahnrad Fabrik OEM D oil pumps, steering boxes GG - Al TitanCase New Holland, clutch components GG Massey Ferguson VM Motori oil pans Al Deutz Motor diesel engine covers Al Steyer - Puch Audi, VW transmissions Al Meccanica 2C Aprilia carters Al Siemens AG-A&D copper wire Cu Gate copper wire Cu FIAMM copper wire Cu Denso Manufacturing Fiat, Mercedes alternator supports, copper wire Al - Cu Iskra copper wire Cu

42. ELECTROTECHNICAL – ELECTRO MECHANICAL INDUSTRY CUSTOMER Products Division SKF ball bearing housing GG Lafert motor flanges, copper wire GG - Cu Ingersoll Rand cylinder liners GG Mab Masellis doors lockers GG DAB (Grunfoss) copper wire Cu Lowara (ITT) copper wire Cu Ebara copper wire Cu Electroadda copper wire Cu Mecc-Alte copper wire Cu Marelli Motori copper wire Cu Sisme copper wire Cu Elco copper wire Cu Siemens AG-A&D copper wire Cu Elettrogamma copper wire Cu T.M.A. copper wire Cu CAME copper wire Cu Unielectric copper wire Cu

43. Audi Magneti Marelli VW ZF CAST IRON PRODUCTS

44. Brembo ZF Robert Bosch Fiat Group CAST IRON PRODUCTS

45. Fiat Group Fiat - Peugeot - Renault Electrolux Bitzer CAST IRON PRODUCTS

46. Tecumseh Europe Embraco Electrolux CAST IRON PRODUCTS

47. KHD Steyer Powertrain Pierburg Sarl (F) Iveco ALUMINUM DIE CASTING PRODUCTS

48. Aprilia ALUMINUM DIE CASTING PRODUCTS

49. Gruener Iveco Sofim Iveco Iveco ALUMINUM DIE CASTING PRODUCTS

50. ALUMINUM DIE CASTING PRODUCTS Pierburg Lanciano