Matelec Profile 21X29 Jan09:Matelec Profile 21X29.7

1 Company Profile Matelec GROUP. CONTENTS. FOREWORD .. 3. 1- HISTORY .. 4. History Brief .. 5. Doumet Group .. 5. Group Chart .. 6. 2- ORGANIZATION .. 7. Organization Chart .. 8. 3- PRODUCTS AND SERVICES .. 9. A- INDUSTRY .. 9. 1. Disribution and Power Transformers .. 10. 2. Package Substations .. 11. 3. Medium Voltage Switchgears .. 12. 4. Control and Protection for HV Substations .. 13. 5. LV Switchboards .. 13. 6. HV Mobile Substations .. 14. B- ENGINEERING AND CONTRACTING .. 15. Engineering and Contracting Division .. 15. 4- RESOURCES .. 17. A- TEAM .. 17. B- MACHINES AND TESTING EQUIPMENT .. 18. C- IT SYSTEM AND SOFTWARE TOOLS .. 20. 5- QUALITY .. 21. 6- HEALTH AND SAFETY .. 23. 1. 2. FOREWORD. At Matelec Group, successful business begins with developing a personalized relationship with our customers.

2 Our number one priority is working one to one with each customer in order to help him achieve his goals. It begins with listening. We believe that there is no better investment than the time we spend getting to know our clientele. With a throughout understanding of commercial and technical requirements we can develop products and services that custom fit your goals. And it works both ways. By sharing our knowledge and experience with you, we empower your decision making. Working with our various subsidiaries and affiliates in the Group and in many instances with our renowned industry partners, we can marshal a wealth of electricity business intelligence. Though headquarters provide strong support for our various affiliates in the area of Marketing, Design, Engineering, and Purchasing.

3 We are currently expanding our manufacturing capabilities in the Mideast, Africa, and Europe. The Electrical Equipment Industries Co. (ELICO) founded in Jordan in association with the Jordanian Electrical Sector is the major supplier of the Jordanian market. International Transformers Matelec (ITM) is dedicated to the service of the Egyptian market and the nearby African countries. Transfo Matelec in France remains quite active and dedicated to the European market. To optimize our global business portfolio, we are further exploring other geographic deployments and business ventures across these regions. In time when the electrical industry is characterized by sophisticated and on-going technological advances, we are constantly striving to keep up with the world strictest manufacturing standards and remain responsive to the critical need to keep current in this dynamic environment.

4 Indeed, we have recently embarked on a series of technological measures such as the acquisition of a comprehensive set of state-of the-art machines, the development of an ERP platform and the implementation of a complete Quality Management System (QMS) across our various activities. In this way, we are committed to maximizing the value of our Group by relentlessly pursuing such initiatives while optimally allocating managerial resources and targeting highly efficient operations. Our goals, as member of the Doumet conglomerate include the establishment of entrepreneurial and market-leading companies, the enhancement of the conglomerate value as a whole and the contribution to the economies and societies we work in.

5 Sami Soughayar CEO. 3. We provide superior technology-driven products and services to a broad range of customers in both public sectors and private industries 1- HISTORY. Matelec Group was founded in 1974 to produce distribution transformers and since then has grown into a diversified and respected electricity business player working according to international standards. Within its first decade of operation, the group was able to enlarge its products offering to switchgears, package substations, and control and protection systems. In parallel, Matelec expanded into engineering and contracting activities with the realization of complex HV, MV and LV projects. Presently, the Group carries manufacturing and commercial facilities across the Mideast, Africa and Europe.

6 Matelec Group part of the Doumet Group conglomerate, has built its reputation by a resolve to develop high quality products that meet or exceed industry standards and customer expectations. This has been largely reflected by the continuous revenue growth and profitability that the Group is posting since its inception. Matelec is recognized for its flexible, prompt, and efficient one to one service. This customer- minded and product-fit approach has enabled the company to gain the respect and loyalty of a significant base of public authorities and utilities in addition to a number of private customers across a wide variety of sectors. 4. History Brief 1974 Matelec sal, first company of the group founded in 1974 by the Doumet and Moretti families for the manufacturing of distribution transformers.

7 1980 Production of medium voltage switchgears, low voltage switchboards, package prefabricated outdoor substations, control and protection systems. 1987 Development of the Engineering and Contracting division dedicated to the realization of complex HV, MV and LV projects. 1992 Electrical Equipment Industries Co. (ELICO) founded in Jordan in association with the Jordan Electrical Sector for the manufacturing of distribution transformers and package substations. 1999 International Transformers Matelec (ITM) in Egypt founded for the manufacturing of distribution transformers dedicated to the Egyptian market and the nearby African countries. 2000 Transfo Matelec in France founded as the result of the merger between the distribution transformers manufacturer Obtec (Duriez Group, France) and Matelec .

8 2002 Development of first mobile substation unit. 2007 First diesel power plant built in partnership with MEE (affiliate of Mitsubishi Heavy Industries). 2007 First substations in the 400kV range: Cheffia in Algeria - 400kV with overhead lines Doumet Group Doumet Group is a diversified industrial and services group which employs over 3000 people in the Mideast, Africa, Europe and North America. In the last fifty years the Group has expanded and diversified into different business activities worldwide. It currently holds investments across a variety of sectors including cement, lime, chemicals, textiles, electrical equipments, hotels, distribution , aircraft servicing, IT, contracting and services. The Group success lies in its ability to maintain on one hand, the traditional values of loyalty, social responsibility and integrity, and on the other to embrace modern management policies and practices.

9 This approach has enabled the Doumet Group to anticipate and adapt to changing time and trends. In addition to Matelec Group the electrical activities of the Doumet Group are further consolidated by the presence of Melec, an international contracting arm, operating in the Mideast, Catel and Cabel, two manufacturing cables factories operating in Algeria (LV, MV and HV, along with telecom and fiber optic cables), and Kounoune Power, a BOO based company operating a diesel Power Plant in Senegal. 5. ITM Transfo Matelec ELICO. Group Chart DOUMET GROUP. Electrical Activities ENGINERING. INDUSTRY SERVICES. & CONTRACTING. Matelec al Saoudia Matelec al Saoudia Matelec Factory Matelec DRE Melec BMB. for Industries for Contracting Lebanon Lebanon Lebanon Lebanon International Matelec Transformers EURL Melec Engineering & Melec BMB.

10 Jordan Matelec Algeria Contracting France Dubai Egypt Nigeria Transfo Matelec EDIEL Melec Power Gen Kounoune Power Matsen Proserve France Algeria Panama Senegal Senegal Egypt Catel Cabel Algeria Algeria Part of Matelec GROUP. Selected Figures - Matelec Lebanon (in millions USD) 2006 - 2007. 2006 2007. Turnover EBITDA Cash flow from operations Profits and shareholders interests Total assets Fixed assets Inventories and work in progress Trade accounts and receivables Cash and marketable securities Shareholders equity Liabilities 6. Our organization and geographic deployment ensure that customers can rely on our expertise and service in virtually any location 2- ORGANIZATION. Presently, the operation of Matelec Group is gathered around 3 divisions.