1. IU POOPs Industrial / Manufacturing Finance Career Opportunities Sherry Smith - Audit Leader September 21, 2000 ®

2. Owens Corning A material solutions, technology driven company Sales over $5 billion, 22,000 employees, 135 manufacturing facilities in more than 30 countries

3. World Headquarters Toledo, Ohio ®

4. SYSTEM THINKING Makes the Difference ™ ®

5. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® What is “Manufacturing” More than a “product” A company must provide a solution –Customer driven –Service oriented –Technology enabled / innovative Owens Corning Examples: –Composite truck box -- Ford and GM –Improve.Net™ –HOMExperts™

6. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance “SPRINT” OC Entry-Level Rotational Program Beyond Entry Level… Building a Career in Finance

7. “SPRINT” Entry Level Finance Rotational Program

8. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance The vision of SPRINT is to provide opportunities to become future business leaders with financial leadership competencies: –Demonstrate technical competence –Build business perspective –Partners for business results –Build and maintain winning teams –Communicate with impact –Embrace change and innovation

9. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance 3 Assignments –Manufacturing Plant (15-18 months) –Business, Corporate, Cross Functional (9-12 months) –Capstone Project for Senior Management or Audit Rotation (3-6 months) Assignments are “menu” based, providing SPRINTers with more opportunities for broader assignments SPRINT Program Elements

10. Beyond Entry Level... Building a Career in Finance

11. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance Numerous Opportunities Exist within the Primary Finance Functions –Audit Services –Controller –Investor Relations –Treasury –Tax –Strategic Business Unit

12. Global assignments in North America, India, Europe, Asia, Latin America and Africa Finance Career Progression Summer intern projects On the job training Development Assignments @ different Plants, Corp. Audit Services & WHQS Multiple Audit & Consulting Assignments Global exposure Multi- Functional Process Reviews Financial Technical Accounting Fin. & Cost Analysis Customer Financial Services Treasury Financial Reporting Tax Cross Functional Info. Systems Sales & Mktg Mfg. Financial Planning Service & Admin. Business Cost & Accounting General Accounting Services Operations Accounting External Reporting Forecasting & Analysis Shared Services Business Unit Controller Subsidiary Controller Process Controller Financial Planning Director Accounting Operations Director Financial Reporting Director Controller Audit Tax Treasury Investor Relations Business Unit Controller SPRINT 2+ Years Interns Corp. Audit Professional Mgrs. & Leaders Controllers & Directors Vice Presidents

13. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance You are responsible for managing your career within the development process. Possible career path may include: –SPRINT –Supply Chain (E-commerce) –Small Plant Controller –Corporate Financial Functions –Financial Leader/Technical Expert

14. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance Career Planning Career Development Process Human Resource Planning & Review Self Improvement, Continuing Education & Educational Reimbursement Staffing Process Essential Tools to Building a Career

15. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance Compensation & Benefits –Direct pay –Performance Incentives –Savings and profit sharing (401k) –Stock plan –Cash balance retirement plan –Flexible benefits plan for wealth protection Medical and dental protection Life, disability, personal, accident & travel insurance Health care and dependant care accounts Life stages support

16. THE PINK PANTHER TM & © 2000 United Artists Corp. All rights reserved. ® Careers in Industrial / Manufacturing Finance Summary & Key Message Points –Develop a career plan & understand the prerequisites –Invest in your career development –Build broad business perspective –Keep financial skills and knowledge up-to-date –Keep looking for new challenges & development opportunities within and outside the finance function

17. A World of Opportunity

18. Questions ? ? www.owenscorning.com ®