Riva & Mariani Group S.p.A. HEADQUARTERS Via Medici del Vascello, 26 - 20138 MILAN, ITALY Phone +39-02-509851 Fax +39-02-50985500 e-mail: [email protected] http://www.rivamariani.it CENTRAL WAREHOUSE Via Piave, 93 23879 Verderio Inferiore (LC), Italy Phone +39-039-510468 Fax +39-039-513418

INSULATION / SCAFFOLDING

ASBESTOS TREATMENT

Principal Activities

INSULATION

Design, supply and installation of thermal, acoustic insulation and fire protection for chemical, petrochemical, industrial and thermoelectric plants

SCAFFOLDING

Sale, rental and assembly

ASBESTOS TREATMENT

Removal, storage, transport and neutralization and eternit incapsulation

PAINTING

Painting, sandblasting and fire protection

ENVIRONMENTAL CLEANUP. Territorial and environmental cleanup of any kind

. Cleanup and restructuring of civil and industrial sites and related utilities

ACOUSTIC BARRIERS

Supply and assembly of acoustic barriers for roads, railways and airports

Our Brands Authorized distributors of FENOLITE® phenolic foam for cold insulations, a trademark of the RIVA & MARIANI GROUP

Authorized producers and distributors of RIMAGUARD® fire protection system, a trademark of the RIVA & MARIANI GROUP

Finance/Administration €uro

Share capital

2007

2008

2009

56.728.087,00

69.450.667,00

77.275.708,00

Sales (year) in €uro

7.000.000,00

Bank references Intesa SanPaolo S.p.A.

Agency 04

Milan, V.le Piceno 4

Banca Nazionale del Lavoro

Agency 25

Milan, Via Gran Sasso, corner Via Lippi 19

Banca Popolare Commercio & Industria

Agency 76

Milan, Viale Lombardia 14/16

Insurance Public liability policy

Riunione Adriatica di Sicurtà

N° 66441338

Environmental Damages insurance

Allianz Spa Div. Allianz Ras

N° 063807156

Owned buildings 4.000 sq.m. of floor space in Verderio Inferiore - Lecco Central warehouse 9.500 sq.m. of unroofed area in Verderio Inferiore - Lecco Warehouse in Augusta (SR)

1.000 sq.m. of floor space 5.000 sq.m. of unroofed area

Registrations & enrolments Chamber of Commerce

REA No. 1242143

Associazione Industr. Lombarda

No. 17504.00 A

VAT number

No. 09450240156

Fiscal code number

No. 00565810827

Attestation of qualification for performance of public works (Presidential Decree 34/2000) Attestation No. 8223/11/00 S.G.S. Italia S.r.l.

Milan

Categories: OG 1 Class VII OG11 Class III OG12 Class VIII OS7 Class VII OS8 Class VIII

Works Manager: Ing. Marco Mazzucco

Quality Management System - as per UNI EN ISO 9001:2000 Certificate No. IT03/0771 Environmental Management System - as per UNI EN ISO 14001:2004 Certificate No. IT03/0406 Healt and Safety Management System - OHSAS18001:2007 Certificate No. IT09/0882

Activity code

No. 45.32.0 insulation work - macrosector construction F

National Environing Handlers

Registration No. MI004411/O

Category : 10 B , Class A

Registration No. MI04411

Category : 9 , Class E

Registry Lombardy Regional Section c/o C.C.I.A.A.

Corporate Structure Human Resources EXECUTIVES

2007 3

2008 3

2009 3

MANAGERS

2

2

3

OFFICE STAFF

60

69

70

WORKERS

501

728

739

566

802

815

active at the end of (year)...

Personnel insurance I.N.P.S. Milan I Milan N Milan A Cagliari I Lecco L Siracusa

49305659.74 37003920 37452106 37215303 85284-95 32163-73 36004-31

Riva & Mariani Group Spa Corporate Structure

PRESIDENT P. Forbiti

MANAGING DIRECTOR P. Forbiti

Quality control & HSE manager M. Stellacci

Representative of Direction

Prevention Service S. Calabrò G. Bramante M. Vargiu COMMERCIAL/OPERATIONAL DIRECTION A. Forbiti

SERVICE/OPERATIONAL DIRECTION R. Quercione

Marketing E. Carbone Commercial A. Lieti

Foreign works/LNG A. Lieti

Logistic Supplies R. Quercione

Miscellaneous Activities A. Forbiti

Orders Management F. Terzi-M. Venturini- E. Cazzaniga General Services L. Troni

Maintenance estimates C. Marsilii

Estimates G. Rolandi

New Plant Estimates A. Lieti

Maintenance estimates U. Magro-M. Caruso

W

Warehouse Maintenance G. Quercione A. Sironi

Personnel administrator C. Rotolo G. Barbara D. Corbetta N. De Fabritiis

Purchasing M. G. Ogliari

Planning A. Amato

Italian Works M. Mazzucco

Management Controller D. Visciglia

EDP F. Esposito New Plant Estimates / Planning F. Terzi M. Venturini E. Cazzaniga

N

Personnel Services General businnes organization P. Citterio

corporate legalP. Citterio

Finance M. Paltrinieri

General Accounting M.Paltrinieri

Contabilità Analitica/Industriale D. Visciglia

WORKS G. Antifora

Orders Management U. Mancini

Orders Management R. Puerari

Specific Orders Management A. Lieti

E

S

Connection Services L. Modica

General Accounting I. Rebasti M. Ghellero B. Mauri

Specific Orders Management F. Terzi-M. VenturiniE. Cazzaniga

Safety The organizational structure of the SAFETY SYSTEM is in conformity with the statutory provisions. The company has a Prevention & Protection Service that is made up of: 1 head of central Prevention & Protection Service 7 persons assigned to Prevention and Protection Service at Headquarter 2 Medical Experts 1 Representative fr worker safety in every Operating Unit

1 Safety employee in each Operating Unit Compliance Risk assessment document Drawing up of Safety Plans Manual for Safety - Hygiene - Environment Work plans for asbestos cleanup Operational safety plans Operating instructions for PPE distribution Health protocol Training courses / information

Drawing up plans assembling and disassembly of scaffoldings Targeted Training Training courses by Prevention & Protection Service and outside consultants, in addition to targeted sessions for safety officers and general foremen Periodically updated workplace hygiene and safety manuals are distributed to all employees and are also on display in each Operating Unit

Statistics Accident records kept in each Operating Unit General accident records kept at Headquarters

In each Operating Unit statistical analysis are made of health checks, both individual and collective The Prevention & Protection Service's office at Headquarters carries out statistical accident analysis with indices of frequency and gravity as per UNI standards, comparing them with INAIL's annual sector indices

Quality/Environmental/Safety Control Function Function coordinated by personnel specifically trained in the assessment of Quality/Environmantal/Safety Control, with experts in internal audits as well as outside consultants

Audits The frequency of internal audits is set forth in an implementation schedule drawn up at the start of each year in accordance with production flows and planned with a fixed frequncy

Documents Management Procedures/Operating Instructions/Set of Forms for management of the Company Quality System are in place, including Manuals and Process Flow Charts

STATISTICAL ANALYSIS OF ACCIDENTS (UNI 7249/07) Period 2007..2009

Riva & Mariani Group S.p.A. Prevention & Protection Service

RIVA & Mariani Group S.p.A.

Year

Hours worked

2007

1,013,000

2008

2009

1,267,000

1,515,708

No. of accidents Days of ABSENCE Frequency indices

Gravity indices

Average duration

10

168

9.8

0.1

16.80

12

536

9.4

0.4

44.60

11

252

7.3

0.1

22.90

ACCIDENT TREND FOR GROUP OVER LAST 3 YEARS, UPDATED TO 30/12/2009 30/12/2009 N.B. : the data were processed by extrapolating them from the accident registers present at operational worksites

Riva & Mariani Group S.p.A. Prevention & Protection Service

Accidents per worksite, 2009

varie 10%

fusina 20%

sarroch 20%

1997-1999 marghera 10% mantova 10%

priolo 30%

fusina

marghera

mantova

priolo

sarroch

varie

Riva & Mariani Group S.p.A. Prevention & Protection Service

Number of accidents

Numero Infortuni Anno 12 12 11

11,5 11 numero 10,5

10

10 9,5 9 anno 2007

anno 2008

anno 2009

periodo

Riva & Mariani Group S.p.A. Prevention & Protection Service

Frequency Rates indici frequenza triennio

10 9 8 7 6 IF

5 4

9,8 9,4

3

7,3

2 1 0 anno 2007

anno 2008

anno2009

periodo

Riva & Mariani Group S.p.A. Prevention & Protection Service

THE OPERATING MODES THAT CAN BE ADOPTED ARE: implementation of a two-stage accident reduction policy: )

reduction below the averages for the industrial sector (2008)

) )

training and awareness raising among operators, heads and supervisors (CC, ASPP, RLS)

Riva & Mariani Group S.p.A. Prevention & Protection Service

Conclusive assessments The analysis performed evidences a company situation in slight improvement (-50% days lost in 2008), however the number of accidents registers the following data: In the statistics there are no ongoing cases. In a first analysis, 100% of the accidents were caused by the work activity, but specifically the accidents are all linked to erroneous behaviour, to failure to wear PPE, and to situations not completely transparent (such as delays in statements following the events). Therefore a corrective intervention is necessary in order to reduce the company accident phenomenon, especially for the cases not linked to the activity. This intervention will have to be set up according to the following line of action: ⇒ reduction of the frequency of occurrence of the accidents by raising the awareness of workers who are repeat offenders toward more correct behaviours. N.B. The above must be accomplished starting with the worksites with the highest frequency of accidents.

Affiliates and Subsidiaries RIVA & MARIANI GROUP S.p.A.

100% Coprel Willich S.r.l.

80% Riva E Mariani Espana s.l.

20% Gulf Insulation System

100% Riva & Mariani Hungary Kft

100% Riva & Mariani Poland Sp. Z o.o.

36% Riva & Mariani de Belgique S.A.

100% Riva & Mariani Services Romania

List of principal orders MAINTENANCE for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION edipower s.p.a. - sesto san giovanni c.le termoelettrica - sermide raffineria di roma s.p.a. - roma raffineria di roma - roma eni s.p.a. - raff. di venezia - porto marghera raff.ria eni s.p.a. - p.to marghera eni s.p.a. - san donato milanese (mi) stabilimento polimeri europa - mantova eni s.p.a. - san donato milanese (mi) stab.to enipopwer - mantova polimeri europa s.p.a. - porto marghera stab.to polimeri europa s.p.a. - porto marghera syndial s.p.a. - san donato milanese syndial works - porto marghera

Page 1 of 6

SCOPE OF WORK

Year

Amount €

three years maintenance with validity from 01.08.2009 to 31.07.2012 (option for others 3 years)

2009

636.000,00

insulaion and scaffolding for 2 years from 01.10.2009 (option +1 year)

2009

3.000.000,00

multispecialistic activities of maintenance (our activities: insulation, scaffolding and asbestos removal) - contract duration: 01.04.10-31.03.13 + option. +2 - (TBA palomar)

2010

1.000.000,00

n°2 general contract. 3 years for insulation - scaffolding asbestos removal - fireproofing - insulòation with polyurethane - period: 01.02.2010 - 31.01.2013

2010

5.500.000,00

n°2 general contract 3 years for insulation - scaffolding asbestos removal - fireproofing - insulation with polyurethane period: 01.02.2010 - 31.01.2013

2010

1.000.000,00

multispecialistic activities of maintenance (our activities: insulation, scaffolding and asbestos removal) - contract duration: 01.04.10-31.03.13 + option. 2 - (TBA berengo)

2010

10.000.000,00

multispecialistic activities of maintenance and assembling (our activities: insulation, scaffolding) - contract duration: 01.04.10-31.03.13 + option. 2 - (TBAberengo)

2010

1.000.000,00

Update to 30/06/2010

List of principal orders INSULATION ASSEMBLY AND REMOVAL for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION p.e.c. s.r.l. - roma stab.to polimeri europa s.p.a. - porto marghera

SCOPE OF WORK

Year

Amount €

scaffolding, insulation application and removal for project of "power rate reduction cracking plant" - (TBA palomar)

2009

1.100.000,00

scaffolding and insulation - fcc stop (TBA sonim)

2009

2.800.000,00

painting insulation and scaffolding for the new plant TAF TBA irem

2009

2.119.000,00

scaffolding and insulation for "production stop plant east 2010 of Rome refinery"

2010

800.000,00

insulation and painting thermal recovery plant from petrolchemical gas

2010

578.000,00

insulation of units 1800 and 1900

2010

1.264.000,00

raffineria di milazzo s.p.a. - milazzo raffineria di milazzo - milazzo saipem - fano (pu) stab.to syndial - priolo cestaro rossi & c. s.p.a. - bari raff.ria raffineria di roma - roma snamprogetti sud s.p.a - vibo valentia polimeri europa s.p.a. works - ferrara technip k.t.i. s.p.a. - roma raff.ria iplom - busalla

Page 2 of 6

Update to 30/06/2010

List of principal orders SCAFFOLDING for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION erg nuove centrali s.p.a. - priolo gargallo (sr) raff.ria erg nu.ce. imp. nord - priolo gargallo

SCOPE OF WORK

Year

Amount €

scaffolding and insualtion to be done inside areas 152, 153, 158 and 102 - (TBA man)

2009

1.000.000,00

scaffolding for production stop fcc plant

2009

985.000,00

scaffolding rental lot n. 1 - porto tolle power plant, p.to corsini and iico store

2010

952.000,00

two-years service with option for others 24 months for erection, rental and dismantling of scaffolding

2010

2.318.000,00

scaffolding for production stop fcc plant

2010

2.365.000,00

scaffolding for production stop fcc plant

2010

2.622.000,00

scaffolding for cnd igcc

2010

575.000,00

saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch enel s.p.a. purchases and services - tolle c.li enel produzione s.p.a. - p. tolle,p. corsini, ra, ge enel spa - acquisti e servizi - roma cte di enel produzione - fusina e porto marghera saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch

Page 3 of 6

Update to 30/06/2010

List of principal orders ASBESTOS CLEANUP for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION polimeri europa s.p.a. - san donato milanese polimeri europa s.p.a. plant - mantua

Page 4 of 6

SCOPE OF WORK asbestos removal and re-insulation (2° step) - specific contract 29.06.09 - 31.10.10 (ex TBA cedis)

Year 2009

Amount € 2.661.000,00

Update to 30/06/2010

List of principal orders for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION edipower s.p.a. - sesto san giovanni c.le termoelettrica - sermide erg nuove centrali s.p.a. - priolo gargallo (sr) raff.ria erg nu.ce. imp. nord - priolo gargallo p.e.c. s.r.l. - roma stab.to polimeri europa s.p.a. - porto marghera polimeri europa s.p.a. - san donato milanese polimeri europa s.p.a. plant - mantua

SCOPE OF WORK

Year

Amount €

three years maintenance with validity from 01.08.2009 to 31.07.2012 (option for others 3 years)

2009

636.000,00

scaffolding and insualtion to be done inside areas 152, 153, 158 and 102 - (TBA man)

2009

1.000.000,00

scaffolding, insulation application and removal for project of "power rate reduction cracking plant" - (TBA palomar)

2009

1.100.000,00

asbestos removal and re-insulation (2° step) - specific contract 29.06.09 - 31.10.10 (ex TBA cedis)

2009

2.661.000,00

scaffolding and insulation - fcc stop (TBA sonim)

2009

2.800.000,00

insulaion and scaffolding for 2 years from 01.10.2009 (option +1 year)

2009

3.000.000,00

painting insulation and scaffolding for the new plant TAF TBA irem

2009

2.119.000,00

scaffolding for production stop fcc plant

2009

985.000,00

scaffolding and insulation for "production stop plant east 2010 of Rome refinery"

2010

800.000,00

scaffolding rental lot n. 1 - porto tolle power plant, p.to corsini and iico store

2010

952.000,00

two-years service with option for others 24 months for erection, rental and dismantling of scaffolding

2010

2.318.000,00

multispecialistic activities of maintenance (our activities: insulation, scaffolding and asbestos removal) - contract duration: 01.04.10-31.03.13 + option. +2 - (TBA palomar)

2010

1.000.000,00

n°2 general contract. 3 years for insulation - scaffolding asbestos removal - fireproofing - insulòation with polyurethane - period: 01.02.2010 - 31.01.2013

2010

5.500.000,00

n°2 general contract 3 years for insulation - scaffolding asbestos removal - fireproofing - insulation with polyurethane period: 01.02.2010 - 31.01.2013

2010

1.000.000,00

multispecialistic activities of maintenance (our activities: insulation, scaffolding and asbestos removal) - contract duration: 01.04.10-31.03.13 + option. 2 - (TBA berengo)

2010

10.000.000,00

scaffolding for production stop fcc plant

2010

2.365.000,00

scaffolding for production stop fcc plant

2010

2.622.000,00

scaffolding for cnd igcc

2010

575.000,00

raffineria di milazzo s.p.a. - milazzo raffineria di milazzo - milazzo raffineria di roma s.p.a. - roma raffineria di roma - roma saipem - fano (pu) stab.to syndial - priolo saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch cestaro rossi & c. s.p.a. - bari raff.ria raffineria di roma - roma enel s.p.a. purchases and services - tolle c.li enel produzione s.p.a. - p. tolle,p. corsini, ra, ge enel spa - acquisti e servizi - roma cte di enel produzione - fusina e porto marghera eni s.p.a. - raff. di venezia - porto marghera raff.ria eni s.p.a. - p.to marghera eni s.p.a. - san donato milanese (mi) stabilimento polimeri europa - mantova eni s.p.a. - san donato milanese (mi) stab.to enipopwer - mantova polimeri europa s.p.a. - porto marghera stab.to polimeri europa s.p.a. - porto marghera saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch saras s.p.a. raffinerie sarde - sarroch saras refinery - sarroch

Page 5 of 6

Update to 30/06/2010

List of principal orders for amounts greater than € 500.000,00, acquired in the last 1 years CLIENT/LOCATION snamprogetti sud s.p.a - vibo valentia polimeri europa s.p.a. works - ferrara syndial s.p.a. - san donato milanese syndial works - porto marghera

SCOPE OF WORK

Year

Amount €

insulation and painting thermal recovery plant from petrolchemical gas

2010

578.000,00

multispecialistic activities of maintenance and assembling (our activities: insulation, scaffolding) - contract duration: 01.04.10-31.03.13 + option. 2 - (TBAberengo)

2010

1.000.000,00

insulation of units 1800 and 1900

2010

1.264.000,00

technip k.t.i. s.p.a. - roma raff.ria iplom - busalla

Page 6 of 6

Update to 30/06/2010