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Organizational change - Osborn Unipol Portugal

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Brito, 10/24/2008

Organizational change - Osborn Unipol Portugal

It is with regret that I announce the departure of José Manuel Santos who has been with Osborn International Portugal since 1995 and General Manager since 2000. I want to thank him for his many accomplishments and contributions over the past years.

During all this time José Manuel has driven his local organization to a reputable, well-organized and highly profitable business providing always excellent products and outstanding service levels to his costumers.

As you know, our business is changing dramatically and the pace, urgency and complexity of our industry has changed more in recent months and weeks than ever before. In the course of the merger of both the Lippert-Unipol and Osborn businesses in Portugal José Manuel position will become obsolete and Jose Manuel has decided that the time is right to pursue new opportunities and ventures in life.

The company in Portugal - now named Osborn Unipol Lda. - will continue to be run by Manuel Pinho. Our emphasis in Portugal will be on identifying potentials to grow the business and on consolidating its position as a competitive and reliable source for other Group companies.

Join me in wishing José Manuel much success in his future endeavours and thank him for his years with Osborn.

Kind regards,

Florestan von Boxberg President Osborn-Unipol