1. Company Presentation 2003 2003

2. History Association with U.E.S.C. Association with U.E.S.C. General Information General Information Facilities FacilitiesInvestmentInnovation Presentation Format

3. 1850 - Began Trading 1930 - Began Roll Production 1970 - Solely Roll Production 1999 - Acquired by Union Electric Steel Corporation HISTORY

4. UNION ELECTRIC STEEL CORPORATION Forged Roll Division

5. Worlds largest fully integrated manufacturer of forged rolls. Supplier to both ferrous and non- ferrous industries. Leadership in roll technology through extensive research and development programme.Leadership in roll technology through extensive research and development programme. Union Electric Steel GENERAL INFORMATION

6. Headquarters in Carnegie, PA, USA Manufacturing facilities: Melting and Forging: Burgettstown Melting and Forging: Burgettstown ESR:Burgettstown / Erie ESR:Burgettstown / Erie Roll Finishing: Valparaiso / Carnegie Roll Finishing: Valparaiso / Carnegie Union Electric Steel Location

7. The Davy Roll Company Cast Roll Division

8. Gateshead, U.K. 300 miles to London 100 miles to Edinburgh 50 miles Scottish Border50 miles Scottish Border Location The Davy Roll Company

9. 15,000 finished tonnes p.a. £20 to 22 million turnover 233 employees Markets 22% UK 78% exported Worldwide The Davy Roll Company GENERAL INFORMATION

10. The Davy Roll Company

11. Size Range 1-50 ton finished weight Materials AIC, High Chrome, HSS, Steel, Steelbase and Nodular Iron Roll Types Work Rolls & Back Ups (Hot/Cold Mills) Plate Rolls, Edgers, Section Rolls and Sleeves Product Range The Davy Roll Company

12. Roll Types Manufactured The Davy Roll Company

13. Market Breakdown The Davy Roll Company

14. Foundry ROCAST up to 830mm / 1320mm* diameter Static up to 1650mm diameter Advanced Computer Monitoring and Control Systems for Melting and Casting * Future Development The Davy Roll Company

15. ROCAST Centrifugal Caster The Davy Roll Company

16. Heat Treatment SELAS Differential Hardening Furnace Air, Water and Mist Quench Facilities 17 Conventional Heat Treatment Furnaces with advanced monitoring and Control Systems The Davy Roll Company

17. SELAS Furnace The Davy Roll Company

18. 11 Primary Turning Lathes 5 CNC Finishing Lathes 3Grinders 3Millers 2 Borers 1Driller Machine Shop The Davy Roll Company

19. Comprehensive Testing and Inspection Procedures Chemical Analysis Chemical Analysis Metallographic Metallographic Ultrasonic Ultrasonic Dimensional Dimensional Inspection The Davy Roll Company

20. Regular on-site support and inspection visits Regular on-site support and inspection visits NDT and ultrasonic inspection training NDT and ultrasonic inspection training Machining and Tooling advice Machining and Tooling advice CAD modeling and stress calculations CAD modeling and stress calculations Repair assessments Repair assessments Technical Support The Davy Roll Company

21. Quality Assurance ISO 9001:2000 Approved (LRQA approval no 910549) First Roll makers in World to achieve standard October 2002 – Castings October 2002 – Castings December 2002 - Forgings December 2002 - Forgings The Davy Roll Company

22. Recent Investment Automated Pre-Machining Unit. Automated Pre-Machining Unit. Fume Extraction. Fume Extraction. Heat Treatment and Melt Facilities. Heat Treatment and Melt Facilities. Spectrographic analysis. Spectrographic analysis. = Total in excess £4 million. The Davy Roll Company

23. Future Investment Re-engineer Rocast Control. Re-engineer Rocast Control. Two Heat treatment furnaces. Two Heat treatment furnaces. New CNC Finishing Lathe. New CNC Finishing Lathe. CNC Grinder. CNC Grinder. Drilling Machine. Drilling Machine. CNC Milling Machine CNC Milling Machine = In excess £5 million plan The Davy Roll Company

24. Workforce Flexibility Workforce Flexibility Introduced four shifts on 8 key machines Introduced four shifts on 8 key machines Converted ancillaries to direct workers Converted ancillaries to direct workers One man two machines One man two machines Flexible cover Flexible cover Production/Technical Integration Production/Technical Integration = Increased Output The Davy Roll Company

25. Training Full Skills appraisal. Full Skills appraisal. Re-training ancillaries. Re-training ancillaries. Extensive IT training. Extensive IT training. Tooling surveys. Tooling surveys. Crane usage. Crane usage. The Davy Roll Company

26. Innovation Enhanced Materials for Work Rolls  APEX  STELLA  High Speed Steel The Davy Roll Company

27. Innovation Enhanced Materials for Back up and Roughing Work Rolls  V Chrome  Special Die Steel (SDS II) The Davy Roll Company

28. THE DAVY ROLL COMPANY LIMITED UNION ELECTRIC STEEL CORPORATION

29. Further Information www.davyroll.co.uk