RHJ International

The industrial partnership approach to acquiring and managing companies, which RHJ International has adopted, consists of:

• Identifying industries with attractive qualities for acquisitions after rigorous industry analysis;

• Selecting exceptional senior executives with strong operating experience in the chosen industries to serve as industrial partners who will ultimately oversee our operating businesses as either their Chairman of the Board of Directors or Chief Executive Officer;

• Using the industrial partners to help refine our business theses for targeted industries, assist in identifying specific acquisitions, investigate potential targets and oversee post-closing implementation;

• Assembling high quality management teams with the assistance of our industrial partners and

• Implementing best-in-class international business practices to enhance the performance of the acquired companies.

The industrial partnership approach has a simple objective: maximize the operating performance of each asset and minimize risks. We provide a highly flexible environment for talented operating executives to create significant value for our shareholders and directly participate in the value creation through direct equity participation in the companies they help manage and acquire. We believe this approach provides an alignment of interests between the operating executives and our shareholders.