1. Benson Oak November 2007 Business Overview  Founded 1895, Lublin, Poland-based Permedia is a leading Central European manufacturer of pigments  The company is also engaged in production of nickel-based compounds, which are sold through its majority owner, Czech chemical company Bochemie  Strong customer relationships & product development competencies enable company to maintain high operating margins in domestic pigment market. Export opportunities remain largely unexploited Diversified Product Portfolio… …Attractive End Markets Leading positions in large & dynamic domestic markets (tons) Pigment sales – volume (PLN in millions) Pigment sales – local currency Reality2007 expectation PERMEDIA SA – PIGMENTS BUSINESS OVERVIEW

2. Benson Oak November 2007 Actual2008Estimated Projected ActualEstimatedActual Projected Actual2008EstimatedActual2009Estimated Projected ActualEstimatedActual Projected ActualEstimatedActual Projected EBITDA margin

3. Benson Oak November 2007