Oberhausen, August 19, 2003 Business take over of ... - Balcke-Dürr

balckeduerr

Oberhausen, August 19, 2003 Business take over of ... - Balcke-Dürr

Balcke-Dürr GmbH · Postfach 10 02 27 · 46002 Oberhausen

BALCKE-DÜRR GMBH

A company of

Oberhausen,

August 19, 2003

Person in charge Phone Fax Ref. Dept. E-Mail

+49-208-8337-0 +49-208-8337-617 Info@balcke-duerr.de

Your ref. Your message

Business take over of Hamon Rothemühle Cottrell GmbH i. I., Wenden/Sauerland

Dear Sir/Madam,

On 11 August 2003 Balcke-Dürr GmbH came to an arrangement with the insolvency administrator of Hamon

Rothemühle Cottrell GmbH i. I., Wenden, on our firm taking over the business of this currently insolvent

company and merging it with our service division.

Following the re-integration of our previous service activities into Balcke-Dürr GmbH in December of last

year, the above represents a further step in completing our spectrum of products and services to ensure that

your power plants resp. Production plants run properly and economically. As you know, the successful

business activities over many years of Rothemühle have included the following product lines:

• Regenerative and recuperative heat exchangers, types ROTHEMÜHLE ® and Ljungstrom

• Dust precipitators/filters.

Just as in the past what we have on offer here extends to supplying all-in components including construction

and startup as well as maintenance/upkeep and to supplying spare parts. The fact that we have taken over

more than 160 staff in Wenden means that none of the engineering, handling, production, erection and

service expertise is lost to your company.

The Balcke-Dürr name stands for that particular experience and knowledge in air heating, boiler

conversion/service, water/steam circulation including cooling and flue gas cleaning being available for the

operation of your system - and in a quality and dependability that you have come to appreciate.

Registered office: Phone: +49 (0) 2 08 83 37-0 Board of Management: Deutsche Bank AG

Hans-Joachim-Balcke-Strasse Fax: +49 (0) 2 08 83 37-6 17 Dipl.-Ing. Martin Kienböck, President Account No. 6 955 454

46049 Oberhausen, Germany www.balcke-duerr.de William Richard Bouchard Bank Code No. 300 700 10

Registration court: Dipl.-Ing. Claus Brinkmann IBAN DE35 3007 0010 0695 545400

Postal address: Duisburg HRB 13757 Dipl.-Ing. Franz-Josef Hintzen Commerzbank AG

Postfach 10 02 27 VAT ID No. DE 8 13 50 44 80 Dipl.-Betriebswirt Rainer Mohr Account No. 8 321 200

46002 Oberhausen, Germany VAT No. 124 / 5702 / 1113 Dipl.-Ing. Harald Sassmann Bank Code No. 300 400 00

IBAN DE68 3004 0000 0832 120000


Balcke-Dürr GmbH

Page 2 of 2 / ~0010438

Letter of October 10, 2003

to

Balcke-Dürr GmbH became a 100% subsidiary of the U.S. industrial group SPX Corporation on 1 August

2002. SPX is a rapidly growing, internationally operating group active in a host of industrial fields. Last year

its roughly 24,000 employees generated revenues of over 5 billion US$ (4.1 billion in 2001) and the company

has attained the investment grade with the rating agencies of Standard & Poor's and Moodys. For more

information on SPX please visit www.spx.com.

We will soon let you know whether Balcke-Dürr GmbH will continue with any non-completed contracts

between yourselves and Hamon Rothemühle Cottrell GmbH i.I. on products and services that we have taken

over. In instances where these orders have been annulled by the insolvency administrator, we are more than

prepared to negotiate with you on their completion.

In future we would ask you to make allowance for the above corporate changes in all your letters, inquiries,

bid invitations, proposals, orders, bills and payments. The address of our Rothemühle branch is as follows:

Balcke-Dürr GmbH

Rothemühle Branch

Wildenburger Str. 1

D-57482 Wenden

Tel.: +49-2762-611-0

Fax: +49-2762-611-403

Here are the revised banking connections:

Deutsche Bank AG, Düsseldorf Account No. 695 54 54 Bank code 300 700 10

Commerzbank AG, Düsseldorf Account No. 832 12 00 Bank code 300 400 00

ING BHF-Bank, Frankfurt/Main Account No. 403 86 Bank code 500 202 00

Westfalenbank, Bochum Account No. 100 32 212 Bank code 430 200 00.

At this point we and our new staff wish to thank you for the trust you have placed in us over so many years.

This is something we can also justify in the future since you will continue to be provided with the knowledge

and skills of those contact persons you already know in marketing, project planning, design, production and

service. Do get in touch with them should you have any questions. For the present we would ask you to

continue using the e-mail addresses and phone/fax numbers that you have.

We trust that our work with you will continue to be done just as successfully and in such good faith as it has

up to now.

Yours faithfully,

Balcke-Dürr GmbH

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