1. Preliminary Results Presentation For the year ended 31 March 2008 17 th June 2008 Nick Paul Chairman Mike Welburn Chief Executive

2. Agenda Highlights Results Overview Business Performance Outlook

3. Highlights Record Results Strong sales growth both organically and by acquisition Operating profit* up 59.1% Adjusted earnings per share*^ up 57.4% to 3.51p *before amortisation, share based charge and restructuring cost *^2007 EPS restated under IFRS

4. Results Overview-Summary £’00020082007Change Sales20,82911,147+86.9% Operating profit*1,6611,044+59.1% Operating profit* after restructuring costs 1,661924+79.8% Adjusted earnings per share*^ 3.51p2.23p+57.4% *Before amortisation, share based charge and restructuring costs *^2007 EPS restated under IFRS

5. Results Overview-Positive End Markets

6. Results Overview-Sales £’00020082007Change Sales9,6816812+42.1% Acquisitions11,1484335 As Reported20,82911,147+86.9%

7. Results Overview-Cash flow £’00020082007 EBITDA*20051,114 Operating cash flow1318287 Interest(257)(129) Tax(208)(11) Cash generation853147 *after restructuring costs

8. Results Overview £’00020082007 Shareholder funds4,0932,682 Long term debt1,08770 Net borrowings2,8701,833 Gearing26.6%2.6% EBITDA/interest7.7x9.4x

9. Business Performance

10. Business Performance Malvern Tubular Components Sales growth 12.6% Further improvements in productivity Increased demand through latter part of H2 Strong start to current year

11. Business Performance Redman Fittings Additional capacity added Sales up from £581k to £2,665k Market acceptance and specification increasing Good prospects medium to long term Expect weaker housing market to result in softer demand in shorter term

12. Business Performance RMDG Aerospace Like for like sales up 9.9% Improving customer relationships Low cost country sourcing slower than anticipated Now contributing to Group profits Further progress expected in current year

13. Business Performance Maxpower Automotive Demand has remained strong Ford Q1 Quality award Good progress on sourcing components from low cost countries Projects to drive through key operational improvements on target Remain on track to deliver significant benefits in current year

14. Outlook Majority of end markets remain strong Strong start to current year Continued focus on margin improvement through moving spend to low cost countries and improving operational efficiency Further acquisitions being sought that fit the Tricorn business model

15. Appendix

16. Profit performance £’00020082007Change Operating Profit*1,6611,044+59.1% Interest(269)(129) Finance income1011 Profit before tax*1,402926+51.4% *before amortisation, share based charge and restructuring costs

17. Profit performance £’00020082007Change Profit before tax*1,402926+51.4% Intangible amortisation (94)(19) Share based charge (335)(52) Restructuring costs -(120) Profit before tax973735+32.3% Taxation(174)(235) Profit799500+59.8% *before amortisation, share based charge and restructuring costs

18. Operating cash flow summary £’00020082007 EBITDA*20051,114 Working capital(539)(605) Capital expenditure(148)(254) Asset sale232 Operating cash flow1318287 Interest(257)(129) Tax(208)(11) Cash generation853147 *after restructuring costs

19. Net cash flow summary £’00020082007 Net operating cash853147 Acquisition(1,537)(2,016) Cash/(overdraft) from acquisition28(485) Interest received1011 Issue of ordinary share capital100 (Repayment)/receipt of borrowings and lease liabilities (455)1,379 Proceeds from bank borrowings1400 Fees in relation to borrowings(37) Net increase/(decrease) in cash362(964) Cash at start of year35999 Cash at end of year39735

20. Earnings per share 20082007Change Adjusted EPS*3.51p2.23p+57.4% Basic EPS2.56p1.61p+59.0% *2007 EPS restated under IFRS