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| Sources & Uses ($ in millions) Pro Forma Capitalization ($ in millions) Source: Company filings. Note: See Appendix for reconciliation of non-GAAP measures. (1) Cash deduction limited to $200 million. (2) LTM 9/30/11 covenant Adj. EBITDA was $828 million. Sources & Uses and Pro Forma Capitalization $821 $821 LTM 9/30/11 Adj. EBITDA(2) 1.7x $1,387 1.7x $1,371 Net debt 1.9x $1,544 2.1x $1,729 Total debt November 2014 – (335) 335 7.625% sr. subordinated notes – € November 2014 – ($200) 200 7.500% sr. subordinated notes – $ 1.7x 1,387 1.2x 994 Covenant net senior secured debt(1) 1.7x $1,387 1.0x $836 Net senior secured debt 1.9x $1,544 1.5x $1,194 Total senior secured debt 30 30 Other loans 37 37 Capitalized lease obligations June 2013 281 281 TiO2 venture term loans – € June 2013 – – TiO2 venture revolving credit facility (€30m) 1.5x $1,196 1.0x $846 Total Rockwood secured credit facilities February 2018 846 $846 Senior secured term loan B February 2017 $350 $350 – New senior secured term loan A February 2016 – – Revolving credit facility ($180m) $158 ($200) $358 Cash and cash equivalents Maturity Adj. EBITDA 9/30/11 Adj. Adj. EBITDA 9/30/11 Cum. mult. PF Cum. mult. As of $550 Total $550 Total 8 Estimated fees & expenses 7 Call premium 200 Cash $535 Repayment of Sr. Sub. Notes $350 New Sr. Sec. Term Loan A Uses Sources $860 $860 2011 Adj. EBITDA 1.6x $1,381 1.6x $1,365 Net debt 1.8x $1,514 2.0x $1,688 Total debt 11/15/2014 – (324) 324 7.625% sr. subordinated notes – € 11/15/2014 – ($200) 200 7.500% sr. subordinated notes – $ 1.6x 1,381 1.1x 964 Covenant net senior secured debt(1) 1.6x $1,381 1.0x $841 Net senior secured debt 1.8x $1,514 1.4x $1,164 Total senior secured debt 65 65 Other debt June 2013 253 253 TiO2 venture term loans – € June 2013 – – TiO2 venture revolving credit facility (€30m) 1.4x $1,196 1.0x $846 Total Rockwood term loans February 2017 350 $350 – New senior secured term loan A February 2018 $846 $846 Senior secured term loan February 2016 – – Revolving credit facility ($180m) $133 ($189) $322 Cash and cash equivalents Maturity Adj. EBITDA 12/31/11 Adj. Adj. EBITDA 12/31/11 Cum. mult. PF Cum. mult. As of |