COMPANY PROFILE - italmatch.com

1 COMPANY PROFILE Genoa, March 2017 Summary 1. Italmatch Chemicals - The history - Italmatch Chemicals today - The Group 2. Product Lines - Lube Oil, MWF and Additives - Water and Oil Management - Performance products - Personal Care - Flame retardants and Plastic Additives 1. ITALMATCH CHEMICALS THE HISTORY : ITALMATCH HISTORICAL INDUSTRIAL KEY EVENTS & MILESTONE 1997 Italmatch Chemicals SpA is created through the MBO of the Saffa historical business of Inorganic Phosphorus Derivatives, based in Spoleto Plant; main production: Phosphorus Pentasulphide, Red Phosphorus and Phosphorus Sulphides; Yellow Phosphorus production at Spoleto site was stopped in 1965, but key technology was retained.

2 1998 Italmatch Chemicals SpA becomes an indipendent COMPANY , with focus on Specialty Phosphorus Derivatives, and long-term supply agreements with China for Yellow Phosphorus are established. 1999 Italmatch Chemicals manufactures a trial development of Red Phosphorus Microencapsulated as Flame Retardant for Polyamid. 2000 Capacity of Red Phosphorus is doubled at Spoleto site MasteretTM, Polymer based Masterbatch of Red Phosphorus is developed as Easy and Safe Handlng-processing of Red Phosphorus Flame Retardants in Engineering Thermoplastics. 2001 Started first JV in China (Yunnan) for P-intermediate. 2003 Italmatch Chemicals obtaines ISO14000 Environmental Certification at Spoleto site. 2004 Introduced MELAGARDTM, as Halogen Free Flame Retardants for plastics, based on Nitrogen technology.

3 Signed the second joint venture in China (Yunnan) to produce elementhal phosphorus through an integrated plant, with own electrical power station. 2005-2010 Major process/product modification at P2S5 line specialized for Engine Oil Lubricant Additives - Low Contaminant / high reactivity / modified morphology P2S5 is developed - A fully independent second line of P2S5 is completed and started up to improve supply security. 2006 Established a 100% subsidiary in China for production of Halogen Free / Melamine Based Flame Retardants production (Nantong Italmatch Chemicals), in the Greater Shanghai Area, to serve the rapidly growing plastic market. Established a Trading COMPANY in Shanghai to take advantage of chinese market opportunities.

4 Evaluate additional investments in China and acquisitions in Europe in LOA. 2007 Italmatch Chemicals completes the acquisition from Akzo Nobel, of the Lube and Specialty business, with manufacturing site in Arese (Milan). Start own production of Melamine and Phosphorus Derivatives in China. 2008 Consolidation into a single Specialty Group, leader in Lube and Plastic solutions and high performance products. - New PhosliteTM, fully colourable Halogen Free Flame Retardants, based upon innovative Phosphinate chemistry are developed - Global raw materials shortage due to fertilizer markets high demand. 2009 The new Phoslite Flame Retardants family successfully consolidate into Polyolefine applications and starts expanding in Polyammide 6 and PBT.

5 Outstanding results notwithstanding economic downturn, with stabilized raw material situation. 2010 Completed successful development in Arese site of new organic phosphorus chemistry through the introduction of a full range of organic phosphites and acid phosphates for the lube and plastic industries. Leveraging on the wide and flexible chemistries, raw materials and competence ,available at Italmatch Arese site, started successful development of new ASA /PIBSA products for fuel and industrial applications. 2011 Started feasibility study to expand Nantong Italmatch into Lubricant Additives products. Created a new own sales organization for Lubricants in Asia Pacific, establishing a Regional office in Malaysia. 2012 Enlarged the Asia Pacific distribution network for trough a new sales office in Shanghai, and a new representative office in India an Middle East.

6 Completed the acquisition of Union Derivan, in Spain , with office in Barcelona and plant in Zaragoza fully integrated, leader in metallic stearates, natural esters and PVC additives to complement Arese portfolio for Lube and Plastic, with renewable products. 2013 Italmatch completes the acquisition of Dequest , Water Treatment business, with manufacturing site in Newport (UK) and Phosphorus Chlorides, produced in Frankfurt (D) from Thermphos. Integration process starts establishment of the new P4 storage and handling site at Chorzow (Poland), with flexibility logistic options 2014 Dequest and Chlorides business organizations are fully integrated within the Italmatch Group, also through SAP system. Ardian (ex Axa Investment Fund) acquire Italmatch Chemicals Group together with the Management, to support growth and globalization of the COMPANY .

7 GRS Chemical Technologies, producer of Water Soluble Polymers and Fuel Cleaning Agents, was acquired in December. 2015 Purchase of Solvay Water Additives & Desalination business, including Briquest, Bricorr & Albrivap Trademarks; production will be carried out at Arese and Naples plants. Italmatch becomes global leader in Desalination Anti-scale Additives (Thermal & RO). 2016 Purchase of Compass Chemical International, North American leader of Phosphonates & Biocides for Industrial Water & Oil & Gas application; in addition to the Smyrna manufacturing facility, also the Houston blending plant will strengthen the Group position in the Oil & Gas markets. Recent purchase of Solvay Mining & Anticorrosion business (Ionquest). ITALMATCH TODAY Today Italmatch is a Global Specialty Chemical Group, with leadership in Lubricant, Water & Oil, Detergents, Plastics Additives, Markets and Technology leadership in Phosphorus Derivatives (both Organic and Inorganic), Polymers, Esters and Chlorides, from Synthetic to fully natural products.

8 Six manufacturing plants are located in Europe (Italy, Spain, Germany and UK), four in Asia Pacific (China and Japan), two in USA. The COMPANY has a global coverage with own subsidiaries in Belgium, Poland, USA, Japan, Singapore and China. Italmatch has a whole view and approach in relation to both Customers and Suppliers, and has its strength in commitment and capability to deliver the most demanding technical or logistic tasks, often in conjunction with its major Partners. Italmatch key Customers are global multinationals, leader in Lubricants, Detergents, Oil & Gas, Engineering Thermoplastics and Agrochemicals. Careful environmental concern stands to witness the COMPANY real commitment to the market, as the technologically advanced systems adopted in its plants stand to prove, with particular respect to the optimisation of environmental impact and increased safety.

9 For these reasons all COMPANY sites have ISO 14001:2004 Environmental Certification, and are operating according to both an Environmental Management System as well as a Safety Management System, both subject to periodical revisions and audits. While Italmatch Chemicals regards the EU as its domestic market, the COMPANY has a long and established tradition of exporting worldwide. Thanks to its network Subsidiaries, supported by local, experienced agents or distributors based in the Mediterranean region, the Middle East, North and South America, , South Africa and most Far East countries, over 85% of Italmatch Chemicals turnover is generated by export. The wide market sectors already encompassed by Italmatch Chemicals are destined to expand even more thanks to its ambition of growth.

10 The ability to combine the reliability of tradition with the opportunities offered by sustainable technology, implemented by an expert and dynamic management, results in Italmatch Chemical s unparalleled creativity, competence and Customers satisfaction. By focusing on today s dynamic world of specialty chemicals and its expanding horizons, Italmatch Chemicals offers advanced and effective solutions. NUMBERS (2016) 340 M Consolidated Turnover 4 markets leadership: Lubricants, Water & Oil, Plastics and Performance Products Total 12 manufacturing plants of which 6 in Europe, 4 in Asia Pacific and 2 in USA 8 Production Units have obtained Certification ISO 14001 Global Sales Coverage with 15 owned logistic or distribution/sales subsidiaries 1 New Italian Headquarters + 500 Group employees 30 % Generation Y 16 languages Over 3,000 Suppliers & Partners Over 2,000 Customers THE GROUP ITALMATCH CHEMICALS GLOBAL PRESENCE, MANUFACTURING, SALES AND DISTRIBUTION 2.