Calgon Carbon CORRESP Correspondence with SEC

January 16, 2007

Mr. Ryan Rohn
Mr. John Hartz
Division of Corporate Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-7010

Re:	Calgon Carbon Corporation
	Form 10-K for the Year Ended December 31, 2005
	Filed March 30, 2006
	Form 10-Q for the Quarterly Period Ended June 30, 2006
	Filed August 9, 2006 (restatement filed November 28, 2006)
	Form 8-K
	Filed November 16, 2006
	File Number 001-10776

Gentlemen:

Thank you for your review of the above referenced documents.  Pursuant to your request, Calgon Carbon Corporation (“Calgon” or the “Company”) provides the following responses to the comments provided in your letter dated November 29, 2006.  To the extent applicable, we will reflect any adjustments beginning with the Form 10-K for the year ended December 31, 2006.

Form 10-K for the year ended December 31, 2005
Exhibit 13.0

Securities and Exchange Commission (“SEC”) Comment No. 1:
Results of Operations, page 5

We note you have disclosed the nature of the changes in your net sales by segment in your results of operations discussion.  However, in future filings, expand your disclosures to include a discussion of each of your segments profitability and cash needs.  Refer to Financial Reporting Codification 501.06.a.  Specifically, explain to us and disclose in your future filings, why your Equipment and Consumer reporting segments have experienced operating losses in each of the three years ended December 31, 2005. 

Response:

The Company acknowledges and agrees with your comment and will include disclosure regarding profitability and cash needs by segment in future filings similar in nature to the following explanation provided in this comment.

Operations:

The Equipment and Consumer segments of the Company have experienced operating losses for each of the three years ended December 31, 2005 due to a combination of factors discussed below. 

The Equipment segment reported an operating loss from continuing operations before amortization and restructuring charges of $6.2 million for the year ended December 31, 2005.  The operating loss was primarily due to $3.9 million of discretionary legal expenditures related to the Company’s defense of its UV patents in the United States and Canada, which if up held would have resulted in additional future revenues and royalties; $1.3 million of costs associated with the addition of personnel in the Company’s UV equipment business and $1.1 million of research and development costs.  The additional personnel and research and development costs in the UV equipment business are as a result of the Company’s strategic plan to address new EPA regulations regarding the treatment of drinking water where UV technology has been identified as a leading solution. The $3.6 million operating loss in the Company’s Equipment segment for the fiscal year ended December 31, 2004 was primarily due to discretionary legal expenditures of $2.1 million and research and development costs of $1.1 million.  The $2.6 million operating loss in the Company’s Equipment segment for the fiscal year ended December 31, 2003 was primarily due to discretionary legal expenditures of $1.3 million, and research and development costs of $1.8 million

The Consumer segment reported an operating loss from continuing operations before amortization and restructuring charges losses of $0.9 million, $0.7 million, and $1.3 million for the years ended December 31, 2005, 2004, and 2003, respectively primarily due to $2.3 million, $1.2 million, and $2.2 million of corporate overhead allocations charged to that segment in each respective year.

Liquidity:

The cash needs of each reporting segment are adequately covered by the segment’s operating cash flow on a stand alone basis except for the discretionary legal spending in the Equipment Segment, which will be funded by either borrowings under our credit facility or existing operating cash flow.  Specifically, the equipment and consumer segments have not required extensive capital expenditures each year; therefore, we believe that operating cash flows will adequately support each of the segments cash needs.

SEC Comment No. 2:
Critical Accounting Policies, page 10

In light of the significance of your pension plans and the assumptions involved, please disclose the following in future filings:

• The effect of a 1% change in each of your material assumptions on your balance sheet and income statement.

• Please clarify your statement that your expected annual return on plan assets is based on broad equity and bond indices.  In this regard, please clarify the extent to which you considered your actual asset portfolio and reasonably likely changes in your asset portfolio.

• Further discussion regarding the basis for your assumptions.  In particular, please clarify why you expect to achieve plan asset returns for your European plans at or in excess of levels attained in the broad equity and bond indices, given that your historical return has been below these indices, as disclosed on page 34.  Similarly, please clarify why you estimate that your plan asset returns on your U.S. plans will exceed your historical 10-year compounded rate of return, as disclosed on page 32.

In your response, please show us your proposed disclosures.

Response:

The Company acknowledges the staff’s comment in this area and proposes the following changes to its disclosures (based on December 31, 2005 information) in future filings:

Under the Pension section of the Company’s Critical Accounting Policies the Company proposes adding the following:

A sensitivity analysis of the projected incremental effect of a hypothetical 1% change in the significant assumptions used in the pension calculations is providing in the following table:

	Hypothetical Rate (Decrease) Increase
	U.S. Plans						European Plans
(in thousands)	(1%)			1%			(1%)			1%
Discount rate
Pension liabilities at December 31, 2005	$	11,845		$	(8,200	)	$	5,966		$	(3,300	)
Pension costs for the year ended December 31, 2005	$	1,142		$	(1,000	)	$	345		$	(300	)
Indexation
Pension liabilities at December 31, 2005	$	—		$	—		$	—		$	1,007
Pension costs for the year ended December 31, 2005	$	—		$	—		$	—		$	110
Expected return on plan assets
Pension costs for the year ended December 31, 2005	$	487		$	(500	)	$	151		$	(200	)
Compensation
Pension costs for the year ended December 31, 2005	$	(73	)	$	78		$	(27	)	$	30

To replace the first paragraph after the table outlining the Company’s U.S. plan net \ periodic cost assumptions the Company proposes the following:

The expected rate of return on plan assets was determined by evaluating input from the Company’s actuaries, including their analysis of asset class return expectations as well as long term inflation assumptions. Projected returns are based on broad equity and bond indices that the Company uses to benchmark its actual asset portfolio performance based on its portfolio mix of 75% equity and 25% debt securities. The Company also takes into account the effect on its projected returns from any reasonably likely changes in its asset portfolio when applicable. The Company considered the fact that the 10 and 15 year average returns of its benchmark portfolio were 10.1 and 9.3%, respectively, and have both exceeded 8.5%. The Company also considered its historical 10 year compounded return of 8.09% which lias been in excess of the broad equity and bond benchmark indices, but below 2005’s expected annual return on plan assets of 8.50%.

To replace the first paragraph after the table outlining the Company’s European plan net periodic cost assumptions the Company proposes the following:

The expected rate of return on plan assets was determined by evaluating input from the Company’s actuaries, including their review of asset class return expectations as well as long term inflation assumptions. Projected returns are based on broad equity and bond indices that the Company uses to benchmark its actual asset portfolio performance. The Company also takes into account the effect on its projected returns from any reasonably likely changes in its asset portfolio when applicable. In February 2004 the Company assumed the pension obligations related to the European portion of its acquisition of Waterlink (see Note 2). The plan assets associated with that plan increased the overall European pension assets by approximately 57% and changed the plans portfolio mix due to that plan’s heavier allocation to equity securities. Prior to 2004, the Company’s portfolio mix approximated 35% equity securities and 65% fixed income securities. The current portfolio mix ranges between 50-60% equity securities and 40-50% fixed income securities. As a result of the change in portfolio to a higher weighting in equities, the Company estimates that its expected return on plan assets will exceed its historical 10-year compounded return of 6.31% which was more reflective of the plan’s heavier weighting towards debt securities.

SEC Comment No. 3:
Internal Controls – Report of Independent Registered Public Accounting Firm, page 14

We note in Deloitte & Touche’s audit report on page 15, that they did not audit the financial statements of Chemviron Carbon Ltd. and subsidiaries as of and for the years ending December 31, 2005 and 2004, but rather relied on a report by other auditors.  However, in Deloitte & Touche’s report of internal controls, there is no mention of this other auditor.  Therefore, it appears that Deloitte & Touche has taken full responsibility for the audit of management’s assessment of internal controls.  Please have Deloitte & Touche confirm our understanding and help us understand why it did not rely on the other auditors for its audit of management’s assessment of internal controls. 

Response:

Our Independent Registered Public Accounting Firm, Deloitte & Touche LLP (“D&T”), did not audit the financial statements of Chemviron Carbon Ltd and subsidiaries as of and for the years ending December 31, 2005 and 2004 as these entities were audited by KPMG LLP (“KPMG”) and D&T in their report noted reliance on KPMG’s for financial reporting purposes.   

In the report on our internal controls, D&T assumed full responsibility for the audit of management’s assessment of internal control over financial reporting.  D&T planned and designed the audit of the effectiveness of internal control over financial reporting for all locations of our Company.  D&T provided KPMG with instructions to perform certain procedures for Chemviron Carbon Ltd and KPMG reported its internal control findings directly to D&T.  D&T reviewed KPMG’s internal control work papers and concluded that the work was performed in accordance with the Public Company Accounting Oversight Board (United States).  As such, D&T concluded no reference to KPMG was required in its report on internal control over financial reporting as D&T had set the required scope and extent of the procedures, reviewed the internal control work papers and reached an overall conclusion.  All of our other locations were solely tested by D&T.

SEC Comment No. 4:
Financial Statements – Report of Independent Registered Public Accounting Firm, page 15

We note that Deloitte & Touche makes reference to another auditor’s report.  Please tell us why you have not included the other auditor’s report in your 2005 Form 10-K.

Response:

The Company noted that it inadvertently omitted KPMG’s reports and consents related to the financial statements as required under Rule 2-05 of Regulation S-X. The Company will amend its Form 10-K filings for December 31, 2005 and 2004 to include KPMG’s reports and consents related to the financial statements.

SEC Comment No. 5:
Consolidated Statements of Income and Comprehensive Income, page 16

Your disclosures on page 4 under Business state that you are a global leader in services, products, and solutions for purifying water and air.  You further disclose that the service aspect of your Activated Carbon and Service segment consists primarily of reactivation of spent carbon and the leasing, monitoring and maintenance of carbon adsorption equipment.  In future filings, please breakout your net sales and revenues from services separately and the related cost of goods sold from cost of services.  Refer to paragraphs (b)1-2 of Item 5-03 of Regulation S-X.

Response:

The Company’s net sales and revenues include service revenues as part of the Activated Carbon and Service Segment which represent fees for the installation and removal of activated carbon products involved in the reactivation process and the leasing, monitoring, and maintenance of carbon adsorption equipment.  Such service revenues made up approximately 8.4% in 2005, 7.0% in 2004, and 7.1% in 2003 of the total net revenue.  A significant portion of the service component of the Activated Carbon and Service segment includes delivery of either activated carbon products, including reactivated carbon products, or ion exchange resins for use in applications to remove organic compounds from water, air, and other liquids and gases.  Accordingly, the Company has reviewed paragraphs (b)1-2 of Item 5-03 of Regulation S-X and believes that it does not meet the 10% criteria with regards to the service component of its Activated Carbon and Service Segment which would require a breakout of net sales and revenues and the applicable costs of service. In the event that revenues from services meet or exceed the threshold in the referenced regulation, the Company will show the breakout in future filings.

SEC Comment No. 6 :
Summary of Accounting Policies, Revenue Recognition, page 20

We note that you use the percentage of completion method to account for revenue for major equipment projects.  If material, please disclose the following in future filings.  Please also provide to us your proposed revised language.

• The general nature and terms of your long-term contracts;

• How the nature of your contracts (e.g. cost-plus, fixed price and milestones) impacts your accounting;

• The principal components of contract costs;

• How and when you recognize contract incentives, if applicable;

• How you recognize revenues for claims and unapproved change orders;

• The amount of revenue attributable to claims and unapproved change orders, if material;

• How you account for indirect costs.

Response:

Percentage of Completion

Revenue associated with the Percentage of Completion method represented approximately 8.4% of net sales in 2005. 

It is the Company’s recommendation to include the following disclosure in future filings.  “Percentage of Completion - The Company utilizes the percentage-of-completion method of accounting for the majority of our contracts in our Equipment segment.  The Company’s major equipment projects generally have a long project life cycle from bid solicitation to project completion.  The nature of the contracts are generally fixed price with milestone billings.  The Company recognizes revenue for these projects based on the fixed sales prices multiplied by the percentage of completion.  In applying the percentage-of-completion method, a project’s percent complete as of any balance sheet date is computed as the ratio of total costs incurred to date divided by the total estimated costs at completion.  As changes in the estimates of total costs at completion and/or estimated total losses on projects are identified, appropriate earnings adjustments are recorded during the period that the change or loss is identified. The Company has a history of making reasonably dependable estimates of costs at completion on our contracts that follow the percentage-of-completion method; however, due to uncertainties inherent in the estimation process, it is possible that estimated project costs at completion could vary from our estimates.  The principal components of costs include material, direct labor, subcontracts, and allocated indirect costs.  Indirect costs primarily consist of administrative labor and associated operating expenses, which are allocated to the respective projects on actual hours charged to the project utilizing a standard hourly rate.”

The following points from the Staff’s comment were considered by management and are not material to the Company’s percentage-of-completion accounting policy.

• Contract incentives are not applicable as the Company does not receive incentives from its customers or provide incentives to its customers.

• The Company does not encounter claims and unapproved change orders.  For the three year period ended December 31, 2005, there was no revenue related to claims or unapproved change orders.

SEC Comment No. 7:
We further note your disclosure on page 8 of your Form 10-K under Environmental Water and Air Market, that you provide carbon, services and carbon equipment for these applications.  In consideration of these disclosures, please tell us if you have any material arrangements with multiple deliverables which you treat as one unit of accounting.  If so, please tell us your revenue recognition policy for such arrangements, and your basis in GAAP for your accounting.  Please also disclose this in your revenue recognition policy in future filings.

Response:

The only arrangements in which carbon, service, and carbon equipment are sold together are for certain long-term major equipment contracts accounted for under SOP 81-1.  These projects with multiple elements represent approximately 2% of the Company’s 2005 net sales, including sales for discontinued operations.  The Company considered EITF 00-21 as it relates to multiple deliverables but due to the long-term construction type nature, these contracts are within the scope of SOP 81-1 and are therefore not within the scope of EITF 00-21 in accordance with paragraph 4. The Company then considered the criteria of SOP 81-1 paragraphs 39 to 42 and concluded that the elements did not meet the criteria for segmenting the contract.  Revenue related to these contracts is recognized under the percentage of completion method of accounting which is further described in comment and response #6. 

SEC Comment No. 8:
Goodwill and Intangible Assets, page 25

You have assigned $13.3 million or 39% of your total goodwill balance as of December 31, 2005 to your Equipment segment.  We note that you have experienced growing operating losses for each of the past three years in the Equipment segment.  We further note that your Equipment segment experienced an operating loss in the six months ended June 30, 2006, which is significantly greater than the loss experienced in the six months ended June 30, 2005.  As such, please explain to us how you determined that this reportable segment did not have any goodwill impairment at December 31, 2005.  In addition, please provide to us your goodwill impairment tests for each of your reporting units for the past three years.  As part of your response, please also provide us with the following:

• The name of each reporting unit.

• The amount of goodwill at each reporting unit at each balance sheet date.

• The estimated fair value and the carrying amount of each reporting unit as of December 31, 2004.

• Your assumptions, such as discount rates, cash flows, expected growth rates, and any others, used in determining your estimate of fair value for each of your reporting units.

• The basis for each of your assumptions.

• A sensitivity analysis showing the effect of a 1% change in each of these assumptions.

The Company acknowledges your comment that the Company has experienced growing operating losses for each of the past three years in the Equipment segment.  The Equipment segment is made up of three reporting units: Advanced Oxidation Technologies (AOT) which represents ultraviolet light (UV) technology, Advanced Separation Technologies (AST) which represents ISEP technology, and Solvent Recovery.  See further discussion of the Equipment segment losses and identification of reporting units below. 

Equipment Segment Losses

The current operating results within the Equipment Segment are only one factor within the DCF model that is utilized to test for goodwill impairment.  The results of operations are adjusted for items such as business initiatives and plans and one-time event driven transactions such as significant discretionary legal spending, additional personnel costs and research and development (“R&D”) costs as discussed in the Company’s response to comment #1 of this letter to arrive at long-term forecasted business revenues and expenditures.  After performing the annual impairment analysis, the Company determined that the Equipment Segment did not have any goodwill impairment as of December 31, 2005, 2004 or 2003.

The forecasted growth for the determination of fair value of the AOT reporting unit has been dependent on the release of new, more restrictive guidelines by the EPA and the Company’s UV patent being upheld in the courts.  The Company did not meet its revenue forecast for 2003, 2004 or 2005 due to the fact that the restrictive guidelines were delayed from the original date of release.  The original time of the EPA release for the restrictive guidelines was to be 2003, however, that was pushed back to 2004, and ultimately released in December 2005. As a result, municipalities must now begin testing for cryptosporidium in their drinking water.  Where cryptosporidium is found to exceed the mandated levels the affected municipalities will be required to install a solution.  UV has been recognized by the EPA as the preferred solution.  The Company’s AOT reporting unit provides this preferred solution and the expected revenue growth is based on marketing data adjusted for the Company’s current market share.  The Company expects revenues as of 2006 and future years to be in line with the forecasted amounts and growth factors following the issuance of the EPA guidelines.  For the years ended 2003, 2004 and 2005, the Company’s forecast of fair value was based on the expectation that the courts would uphold their UV patent.  See further discussion regarding patent fees under Other Income and Expense.  The historically lower than expected operations as well as the significant discretionary legal expenditures have caused the reported losses in the AOT reporting unit and the Equipment segment.

The forecasted growth for the determination of fair value of the AOT reporting unit shows an upswing due to marketing data showing increase in mature markets such as the lysine and perchlorate markets.  In addition, the Company has expanded into other markets with AST such as nitrates and arsenic.  The Company has met or exceeded its revenue expectations for 2003, 2004 and 2005.  The expected decline in later years is due to an increase in competition and a loss in market share in the perchlorate market.  However, this market is expanding into the east coast of the United States.  Due to our history of positive operating results, the Company expected to meet its forecasted revenue levels.

Identification of Reporting Units

The Company identifies reporting units at a regional level for the Activated Carbon and Service Segment and at the technology level for the Equipment Segment.  Therefore, Activated Carbon and Service is tested as Americas and Asia Carbon and Service as well as Europe Carbon and Service.  Equipment is tested as AOT, AST, and Solvent Recovery.  The Consumer Segment has goodwill identified at the segment level as there are no further lower level components to the business.

• To address the first three bullet points of your comment, the table below includes the name of each of the Company’s reporting units, amount of goodwill at each balance sheet date, and the estimated fair value and carrying value as of December 31, 2005:

Calgon Carbon Corporation
Goodwill and Intangible Assets

Name of Reporting Unit	Amount of Goodwill as of 12/31/03		Amount of Goodwill as of 12/31/04		Amount of Goodwill as of 12/31/05		FV as of 12/31/05		Carrying Value as of 12/31/05
Americas/Asia Carbon & Service		—		16,766		16,768		129,447		113,906	(a)
Europe Carbon & Service		—		4,217		3,766		53,052		42,148
Advanced Oxidation Technologies (AOT)		8,086		8,609		8,861		61,888		14,676
Advanced Separation Technologies (AST)		10,220		4,419		4,419		20,985		5,475
Solvent Recovery		—		1,000		1,000		1,800		1,000	(b)
Consumer		60		60		60		N/A		N/A	(c)
Total Operations		18,366		35,071		34,874		267,172		177,205
Americas/Asia Carbon & Service		—		—		—		—		—
Europe Carbon & Service		—		—		—		—		—
Advanced Oxidation Technologies (AOT)		—		—		—		—		—
Advanced Separation Technologies (AST)		—		—		—		—		—
Solvent Recovery		—		1,000		1,000		1,800		1,000	(b)
Consumer		—		—		—		—		—
Total Discontinued Operations		—		1,000		1,000		1,800		1,000
Americas/Asia Carbon & Service		—		16,766		16,768		129,447		113,906	(a)
Europe Carbon & Service		—		4,217		3,766		53,052		42,148
Advanced Oxidation Technologies (AOT)		8,086		8,609		8,861		61,888		14,676
Advanced Separation Technologies (AST)		10,220		4,419		4,419		20,985		5,475
Solvent Recovery		—		—		—		—		—	(b)
Consumer		60		60		60		N/A		N/A	(c)
Total Continuing Operations		18,366		34,071		33,874		265,372		176,205

(a) The Company re-organized it’s segments in 2004, which transferred approximately $5.8 million of goodwill from it’s AST reporting unit (Equipment Segment) to its Americas/Asia Carbon & Service reporting unit.  Refer to the Company’s Form 10-K for the year ended December 31, 2004.

(b) The Company did not perform a discounted cashflow analysis for the goodwill related to its Solvent Recovery reporting unit on 12/31/05 due to the fact that there was an offer to sell the business at a price which exceeded the book value of its assets, excluding goodwill, by $1.8 million.  As such, the assets were held for sale at a value in excess of the carrying value.  The Company did sell the business in 2006 for a premium of $1.8 million.

(c) Not material and current results supports no impairment.

The following table outlines the relevant assumptions for each of the reporting units for 2005, 2004, and 2003 and a discussion of each assumption follows:

														Reportinc Units
	AOT									AST									Amer/Asia Carbon & Service								Europe Carbon & Service
Assumptions	2003			2004			2005			2003			2004			2005			2003		2004			2005			2003		2004			2005
Discount Rate		17	%		14	%		14	%		17	%		12	%		12	%		N/A		12	%		12	%		N/A		12	%		12	%
Capitalization Rate		14	%		11	%		11	%		14	%		12	%		12	%		N/A		9	%		9	%		N/A		9	%		9	%
Present Value Factor		0.4934			0.5484			0.5502			0.4934			0.5938			0.5957			N/A		0.5938			0.5957			N/A		0.5938			0.5957
Growth Rates		8	%		51	%		43	%		0	%		3	%		-5	%		N/A		3	%		3	%		N/A		3	%		3	%

* The growth rates for AOT and AST are based on an average for all of the years due to the fact that there are many assumptions including marketing data and expected release of restrictive guidelines involved in the expectation. These assumptions do not create a stable growth rate for each of the years in the impairment test as is the case within the Carbon and service reporting units.

2005 Impairment Test, Assumptions, and Sensitivity Analysis

Attachment (a) includes the 2005 impairment test.  The Company utilized the discounted cash flow approach to calculate the fair value of each reporting unit.  The following discussion highlights the basis for the key assumptions associated with the reporting units’ fair value (i.e. distributable cash flow, present value factors, discount rate, capitalization rates, etc.) and expands upon the information contained in attachment (a).

Distributable Cash Flow:

Revenue and Cost of Goods Sold

All revenue assumptions were based upon the Company’s historical performance and anticipated market conditions as well as its expected response to specific market opportunities all of which varied significantly depending upon the reporting unit.  For example, the AOT reporting unit shows tremendous growth due to the EPA requirement associated with the method for preventing infection from Cryptosporidium found in drinking water, whereas, the AST reporting unit shows a decline due to a higher level of competition in the marketplace.  Cost of goods sold for all years presented remained stable based on costs as a percentage of revenue for the initial year, which includes the cost of material, direct and indirect labor, freight, warehousing, etc., based on management’s intention and historical ability to recapture any inflationary cost increases from customers.  The calculation for projected cost of goods sold is as follows:

Current Year Revenues * (Prior Years COGS / Prior Years Revenues)

Depreciation

Depreciation for the initial year in the DCF was based on the Company’s forecast and was then held flat for the second year.  It was then increased by 2% to match the expected capital expenditures for the respective reporting unit.

Salary, General & Administration (“SG&A”)

SG&A in the DCF for the initial year was based on the Company’s operating forecast and each subsequent year’s calculation varied from reporting unit to reporting unit.  AOT SG&A was estimated based on the expected increase in personnel required to achieve the expected sales growth.  The AST, Americas/Asia Carbon and Service, and Europe Carbon and Service reporting units utilized inflationary rates of 3%, 2%, and 2%, respectively.

Research & Development (“R&D”)

Similar to SG&A, the calculation of R&D was based the Company’s forecast for the initial year and then varied in subsequent years.  AOT was based on the same assumptions as SG&A. The AST, Americas/Asia Carbon and Service, and Europe Carbon and Service reporting units utilized the same inflation rates, 3%, 2%, and 2% respectively.

Other Income and Expense

The only reporting unit which reflected other income and expense was AOT.  This was due to expected royalty revenues associated with the Company’s patent for the method of preventing infection from Cryptosporidium found in drinking water.  The Company expected the courts to conclude that its patent was valid, which would have enabled the Company to charge a royalty fee for the use of the patented technology regardless of whether Calgon Carbon or another company installed the equipment.  The royalty income was calculated through marketing data which estimated the number of units installed and the gallons of water treated.  The Company adjusted the marketing data for its market share.  The Company then considered a delay in the market acceptance of the technology likely which reduced the estimated number of units installed and gallons of water treated by 25%.  During the fourth quarter of 2006, the Canadian Courts judged the patent invalid.  Therefore, the Company will consider the impact of this ruling when performing the SFAS 142 goodwill impairment test for December 31, 2006.

Income Tax Rate

The Company utilized an incremental tax rate of 40% for all cash flow models.

Adjustments to Net Income to Arrive at Distributable Cash Flow:

The depreciation adjustment equals the depreciation estimate in the calculation of net income. 

The Company matched the initial year capital expenditures with its depreciation calculation.  The capital expenditure estimate for the second year through residual includes a 2% growth factor.

The Working Capital Adjustment was calculated for the initial year based on the estimated actual working capital calculated for December 31, 2005 multiplied by the percentage change in revenues from estimated actual 2005 to estimated 2006. Each subsequent year was calculated utilizing a similar methodology.

Discount Rates, Residual Growth Rate, and Capitalization Rate:

In estimating the discount rate for the reporting units with goodwill, the Company focused on its own Weighted Average Cost of Capital (WACC).  The Company utilized published long-term rates of return on debt and equity to calculate its cost of equity and cost of debt.  The Company then applied its own capital structure of 75% equity and 25% debt to arrive at its WACC.  The Company then added a risk premium of 200 basis points to this calculation for its AOT reporting unit contained within the Equipment Segment to account for the risk premium that would be expected on a smaller business of this type expecting rapid growth in emerging markets.  All other reporting units reflected the calculated 12.20% WACC. 

The Company reduced the calculated WACC for residual growth rate to reflect inflation.  For the Americas/Asia and Europe Carbon and Service reporting units, this rate matches the expected revenue growth from year 5 to the residual years.  However, due to the AST reporting unit’s (included in the Company’s Equipment Segment) flat revenue growth between year 4 and the residual period, the Company did not include any value for a residual growth rate.  The AOT reporting unit reflects a 3% residual growth rate.

Present Value Factor:

The Company utilized the same present value factor formula for each of the reporting units, which is based on the discount rate.  Therefore, as the discount rate changes so would the PV factor.  The calculation used for the first year is as follows:

PV Factor = (1 + Discount Rate)^-0.5

Each subsequent year would add an additional percentage to the year (-0.5).  Therefore, year two would reflect the same calculation except the -0.5 would be -1.5, year three would reflect -2.5, etc.

Sensitivity Analysis:

The sensitivity analysis below reflects the impact of moving discount rates, cash flows, and expected growth rates by 1% for the 2005 testing.

			Fair Value
Reporting unit	Carrying Value		Original		Decrease of 1% Revenues/ Costs (b)		Decrease of 1% Discount Rate
Advanced Oxidation Technologies	$	14,676	$	61,888	$	61,277	$	55,968
Advanced Separation Technologies		5,475		20,985		20,337		19,748
America/Asia Carbon & Service		113,906		129,447		124,426		117,839
Europe Carbon & Service		42,148		53,052		50,937		48,073
Solvent Recovery (a)		1,000		1,800		1,800		1,800
Total	$	177,205	$	267,172	$	258,777	$	243,429

(a) The Company did not perform a discounted cashflow analysis for the goodwill related to its Solvent Recovery reporting unit on 12/31/05 due to the fact that there was an offer to sell the business at a price which exceeded the book value of its assets, excluding goodwill, by $1.8 million.  As such, the assets were held for sale at a value in excess of the carrying value.  The Company did sell the business in 2006 for a premium of $1.8 million.

(b) Revenues and costs represent the Company’s assumptions relating to expected growth rates and cash flows, respectively.

2003 and 2004 Impairment Tests

Attachment (b) includes the 2003 goodwill impairment test.  The Company only performed the test for its AOT and AST reporting units due to the fact that there was no goodwill for the Carbon and Service reporting units, and only nominal goodwill associated with its Consumer Segment at that time.

Attachment (c) includes the 2004 impairment test.

The impairment test for each of the years was performed by the Company.  In 2002, the Company employed an independent third party specializing in business valuation analysis in the development of data, market analysis, market and other factors.  The Company re-evaluated the information in 2003 and determined that the use of the specialist was not necessary for the year.  In 2004 and 2005, the Company again utilized a specialist to assist them in evaluating the propriety of discount rates, earnings trends and other assumptions as deemed appropriate.

SEC Comment No. 9:
Borrowing Arrangements, page 26

Your disclosure states that at September 30, 2005, you were in violation of your leverage covenant and all of your debt outstanding under this facility was classified as short term.  Further, in November 2005, you secured a waiver of this covenant which was scheduled to expire on January 31, 2006 and on January 30, 2006, you amended and restated the existing revolving credit facility.  We note on page 14 of your Form 10-Q for the period ended March 31, 2006 that you were in compliance with these covenants as of December 31, 2005, as amended.  We further note that on page 14 of your Form 10-Q that you were not in compliance with your Fixed Charge covenant ratio at March 31, 2006 and on page 13 of your Form 10-Q for the period ended June 30, 2006, you remained out of compliance with the Fixed Charge covenant ratio and also were out of compliance with your Leverage Covenant ratio.  Your balance sheets at March 31, 2006 and June 30, 2006 also show that associated borrowings have been reclassified from long-term to short-term.  Please explain to us your consideration of EITF 86-30 and tell us specifically the facts and circumstances that you considered at December 31, 2005 supporting your view that you would not violate any additional loan covenants over the next 12 months.

Response:

After the December 31, 2005 balance sheet date but before its issuance on March 30, 2006, the Company had amended and restated its new U.S. credit facility (“the New U.S. Credit facility”) set to expire in February 2008.  The amended and restated facility included similar covenants as the former agreement, but the leverage covenant, which measures earnings before interest, taxes, depreciation, and amortization, (EBITDA) against certain fixed charges, had been increased from 3.25 from the former agreement to 4.00 as of the first testing period of March 31, 2006 with provisions for it to decrease over the successive quarters until it reached 3.50 as of December 31, 2006 where it would continue throughout the remainder of the agreement.  Management reviewed both EITF 86-30 and SFAS No. 6 after performing their 12 month forecast of covenant compliance and concluded that the Company fit most closely into scenario three of EITF 86-30.  The Company had no covenant compliance requirement as at December 31, 2005 under its old debt facility due to the waiver the Company received.  Under the New U.S. Credit Facility the Company’s management believed based on their forecast for the year that it was probable that the Company would meet its covenants for the 12 months ending December 31, 2006.   Therefore the Company deferred to the guidance given under SFAS No. 6.  Attachment (d) represents the Company’s forecasted compliance tests under the amended and restated facility as of March 25, 2006 and just prior to filing the December 31, 2005 Form 10-K.  The covenant that had the least amount of room was the fixed charge covenant which is the covenant that was subsequently violated as of March 31, 2006.  The Company’s forecast still showed that EBITDA or fixed charges could drop by $0.3 million as of March 31, 2006 before the Company would fall out of compliance.

Attachment (e) represents the Company’s actual compliance tests for March 31, 2006 and indicates that if the Company’s EBITDA was $1.5 million higher or if its fixed charges were $1.3 million lower then the Company would have been in compliance. While management had knowledge of the January and February 2006 results, the Company was still one week away from beginning the quarter end closing process.  Upon examination of SFAS No. 6 the Company concluded that its intention to refinance (par. 10) was now supported by a financing agreement that was greater than one year (February 2008 expiration) and no outstanding violation existed under the amended agreement as of the balance sheet date of December 31, 2005 or as of the filing of the financial statements on March 30, 2006.  The Company’s management also believed based on their analysis that it was probable that the Company would meets its covenants for the next 12 months.  As a result of the aforementioned points, management concluded that the borrowings should be appropriately classified as long-term.

SEC Comment No. 10:
Benefit for Income Taxes, page 35

Please tell us the following regarding your accounting for income taxes:
	•	We note your Item 4.02 8-K disclosing errors in your income tax accounting.  Please tell us the nature of these errors and the circumstances that gave rise to them.
	•	We note that you have a cumulative pre-tax book loss over the past three years.  However, we also note that you have recognized a net deferred tax asset of $25,743 as of December 31, 2005.  Please tell us your consideration of each of the sources of taxable income in paragraph 21 of SFAS 109 in determining that this net deferred tax asset is recoverable.  With respect to paragraph 21.a, please tell us the extent to which the reversal of your deferred tax liabilities will generate taxable income of the same character, timing, and jurisdiction as the reversal of your deferred tax assets.
	•	You state on page 6 that the primary item that contributed to the change in the effective tax rate from 2004 to 2005 is the reversal of tax contingency accruals.  Please provide us with a rollforward of your tax contingency accruals for each period from January 1, 2003 to June 30, 2006, along with an explanation (1) as to the reason for each accrual and (2) for each material change in each accrual.
	•	Please tell us the nature of your “revision to prior year’s accruals” disclosed on page 35 and the circumstances that gave rise to the adjustment.  Given the magnitude of the adjustment, please clarify why you did not restate prior periods to reflect this adjustment in the appropriate periods.
	•	We note significant variations from year to year in your benefit of extraterritorial income exclusion.  Given the materiality of these benefits, please disclose the reasons for these variations and any material uncertainties regarding the amount of this benefit in future filings.  In your response, please provide us with your proposed disclosures.
	•	We note that you increased your deferred tax asset valuation allowance by $1,835 in 2004, based on your disclosures on page 27.  Please tell us where you have reflected this increase in your income tax rate reconciliation on page 35.

Response:

The following bullet points are in response to the abovementioned inquiry:

•

We note your Item 4.02 8-K disclosing errors in your income tax accounting.  Please tell us the nature of these errors and the circumstances that gave rise to them.

In connection with the Company’s calculation of the income tax provision for the three and nine months ended September 30, 2006, management identified errors related to its tax provision for the first and second quarters of 2006.  The errors centered on the impact of the sale of its charcoal/liquid business in Germany in February 2006, and its treatment in the annual forecast of income for the year.  The errors consisted of the following items:

• When the Company’s Bodenfelde operations were sold in the first quarter of 2006, the gain calculation was performed incorrectly in that the tax expense on the gain was understated by $1.4 million.

• In addition, when the annual forecast was completed for June 30, 2006 purposes, it erroneously omitted a reduction of taxable income for $1.8 million related to the sale of Bodenfelde.  It resulted in an incorrect tax rate on income from operations for the six months ended June 30, 2006.  The correction resulted in a reduction of tax benefit of $1.5 million for three and six months ended June 30, 2006.  The combined effect of the two errors on the three and six months ended June 30, 3006 was $1.5 million and $2.9 million, respectively.

	The impact of these errors was reflected in the Form 10-Q/As for the periods ending March 31 and June 30, 2006 that were filed on November 28, 2006.
•	Recoverability of Net Deferred Tax Asset:

Part I:

We note that you have a cumulative pre-tax book loss over the past three years.  However, we also note that you have recognized a net deferred tax asset of $25,743 as of December 31, 2005.  Please tell us your consideration of each of the sources of taxable income in paragraph 21 of SFAS 109 in determining that this net deferred tax asset is recoverable.

Please refer to Attachment (f) to see a summarized detail of our NOL carryforwards and expirations. The Company has booked a valuation allowance against the state NOLs through 2010 due to expiration before the time period of gaining additional market share due to proposed legislation requiring a greater use of our products. The Company believes that the federal NOLs are recoverable due to its tax planning strategies and the estimated market growth over the next 5 years before any federal NOLs are set to expire. The following events which were expected at December 31, 2005, realized and affected the utilization of our NOL during 2006 (also see attachment (g)); The Company sold its charcoal/liquid business in Bodenfelde, Germany in the first quarter of 2006 utilizing $21.3 million of worldwide NOLs, tax effected to be $7.7 million of NOLs utilized. The Company also settled its insurance claim related to Hurricane Katrina during 2006 utilizing an additional gross NOL of $8 million, tax effected to be $2.8 million of NOLs.

Tax planning strategies exist that would enable the Company to utilize deferred tax assets.

•

General Financial Forecast

In the Company’s consideration of the cumulative pre-tax book loss over the past three years to identify the normalized expected future income, the following non-recurring items were added back:  CEO severance charge of $1.8 million in 2003, re-engineering costs of $4.3 million in 2005, and non-recoverable insurance costs related to Hurricane Katrina of $1.0 million in 2005.  Additionally, the Company added back discretionary spending related to UV patent legal fees of $3.9 million in 2005. The analysis was based on the normalized cumulative pre-tax book gain of $8.2 million for the three years.  To further clarify this position the Company has included Attachment (h) as support.  The Company further believed that the net deferred tax asset was recoverable for the following reasons:

State Tax Planning Strategies:
	•	The primary factors contributing to the separate company losses are the interest paid to the Mississippi Business Financing Corporation (“MBFC”) and the related party interest paid to Calgon Carbon Investments, Inc. (“CCI”) on its outstanding inter-company balance.  The intercompany tax structure of these companies is under our control as we hold both the related debt and investments. This interest expense totals approximately $10.2 million. When the Company chooses to enact this strategy, it could be enacted within a three month period.  Discontinuing payments of interest to the entities would create $10.2 million of income on a separate company basis.
Federal Tax Planning Strategies:
	•	The Company’s forecast for 2006 showed a consolidated net income of $6.6 million. This does not include the expected gains on the sale of the Bodenfelde Germany plant, which was realized on February 17, 2006 for an estimated pre-tax domestic gain of $4.9 million and an after tax gain of $1.9 million. This sale caused a decrease in the Company’s Federal NOL’s, for U.S. purposes, of $11.6 million before tax with a tax impact of $4 million due to being an ordinary gain not subject to NOL limitations. The Company uses a detailed bottom-up approach to prepare its budget each year.  As such, the Company expected to utilize a material portion of the deferred tax assets in 2006.  The forecasted income for 2006 was compared with the Company’s normalized three year cumulative income of $8.2 million after non-recurring items totaling $9.3 million. Refer to Attachment (h).
	•	Strategic opportunities are available to increase market growth.  These forecasted markets are calculated by the Company and then compared to industry forecasts.  All sales are projected over a 10-year period.

• UV disinfection - $3.0 billion total market

• MTBE Remediation - $2.0 to $12.0 billion total market

• Perchlorate Removal - $1.0 billion total market

• Mercury Removal - $0.1 to $0.5 billion annual market

The aforementioned strategic opportunities are primarily driven by government regulation and it will take time for the markets to develop.  The Company believes that these markets will contribute significant earnings and growth in the long term. The Company believes that many of these growth opportunities will occur after 2010 primarily due to the aforementioned proposed regulations. Accordingly, the Company determined that from a state perspective it would be appropriate to place a valuation reserve against all losses expiring through 2010 and not reserve for the losses expiring after that period. Due to the statutory 20-year carryforward of federal losses, the Company currently does not have expirations of these federal losses until 2019; therefore, the analysis resulted in a conclusion not requiring an additional federal valuation allowance to be recorded.   Management has been implementing strategies to capture market share and revenues in these markets.  For example, in the Company’s UV management group, the forecasted growth has been dependent on the release of new and more restrictive guidelines by the Environmental Protection Agency (“EPA”).  These guidelines were released in December 2005.  UV disinfection has been recognized by the EPA as a preferred solution.  The growth in the Company’s royalty income associated with licensing this technology, is also dependent on these guidelines.  Royalties are also dependent on having the U.S. and Canadian governments uphold the Company’s patent related to using UV technologies in eliminating harmful cryptosporidium in drinking water.  Litigation was active in both the U.S. and Canada as of 2005 and was expected to reach the trial stage in 2006.  The Company expected to prevail in both countries.  In the MTBE Remediation market, the Company has developed and started selling a product in the market.  The Company is in a position to capitalize on the market once the regulatory requirements have been determined.  The Company is also currently selling in the perchlorate market.  Thus far, two states have already issued regulatory requirements requiring MTBE Remediation with additional states expected to follow.  The regulations for the Mercury Removal market were issued in 2005; however, they contain rather lengthy compliance schedules.  This is also a market that the Company has already developed a product for and is selling. The Company expects to be a leader in this market along with its larger competitors.

Part II:

With respect to paragraph 21.a, please tell us the extent to which the reversal of your deferred tax liabilities will generate taxable income of the same character, timing, and jurisdiction as the reversal of your deferred tax assets.

Reversal of Deferred Tax Liabilities:

Refer to the table below for a detail of utilizing the reversal of the property, plant and equipment deferred tax liability which represents 87.7% of the total deferred tax liability.

Calgon Carbon Corporation
Deferred Tax Asset Utilization

These projections are assuming no acquisitions and disposals for the future years.

This schedule is shown in the direction of book depreciation in excess of tax.

	2006 DTA Utilization			2007 DTA Utilization			2008 DTA Utilization			2009 DTA Utilization			2010 DTA Utilization			Total Utilization
Calgon Carbon Corporation		6,885,380			4,797,012			4,359,347			3,983,169			3,678,115
Belgium		-88,876			428,051			239,577			103,540			-55,596
UK		628,218			328,211			76,969			-8,811			-17,165
BSC Columbus		-928			-315			235			731			965
CCC Columbus		-2,094			-2,348			2,581			2,786			2,887
Canada		-6,630			-10,673			6,139			-2,703			-59
		7,415,070			5,539,938			4,684,848			4,078,712			3,609,147			25,327,715
Tax Effected		35	%		35	%		35	%		35	%		35	%
		2,595,275			1,938,978			1,639,697			1,427,549			1,263,201			8,864,700

Utilization of Deferred Tax Liability for Property, Plant, and Equipment

2005 Deferred Tax Liability	17,929,000
2006 utilization	2,595,275
Projected 2006 Def Tax Liability	15,333,726
2007 utilization	1,938,978
Projected 2007 Def Tax Liability	13,394,747
2008 utilization	1,639,697
Projected 2008 Def Tax Liability	11,755,050
2009 utilization	1,427,549
Projected 2009 Def Tax Liability	10,327,501
2010 utilization	1,263,201
Projected 2010 Def Tax Liability	9,064,300

The Company’s actual reversal of temporary differences, after impact of acquisitions and dispositions, related to property, plant and equipment has been realized as follows:  $2.3 million from 2003, $6.7 million from 2004, and $3.4 million from 2005. Per the above table, the reversal of the property, plant and equipment deferred tax liability will generate taxable income over the next five years of $25.3 million ($8.9 million tax impact). As the temporary items reverse, taxable income is increased.  The same is true for both pension and goodwill on the deferred tax asset calculation.  All of the temporary differences will also be utilized as time progresses due to the natural realization of temporary differences of book versus tax reporting methods on an annual basis.  The Company believes that the liabilities are impacting taxable income of the same character, timing, and jurisdiction of the deferred tax assets since the larger amount of deferred tax liabilities is being utilized at a rate greater than the rate that the deferred tax assets are and the three largest temporary differences pertain to ordinary income.

• You state on page 6 that the primary item that contributed to the change in the effective tax rate from 2004 to 2005 is the reversal of tax contingency accruals.  Please provide us with a rollforward of your tax contingency accruals for each period from January 1, 2003 to June 30, 2006, along with an explanation (1) as to the reason for each accrual and (2) for each material change in each accrual.

Calgon Carbon Corporation and Subsidiaries
Consolidated Analysis of Tax Reserve Exposure Items
Ending Balances for 2003 thru 6/30/2006

	Ending Balance 12/31/02	Increase/ (Decrease)	Ending Balance 12/31/2003	Increase/ (Decrease)		Ending Balance 12/31/2004	Increase/ (Decrease)		Ending Balance 9/30/2005	Ending Balance 12/31/2005	Ending Balance 6/30/2006
Description
956 exposure on Canadian (CFC)	2,670,927	2,287,795	4,958,722	(2,379,725	)	2,578,997			2,578,997	2,578,997	2,578,997
Transfer pricing policies	1,547,000		1,547,000	(1,455,099	)	91,901			91,901	91,901	91,901
Additional tax gain taken on Brilon-Wald facility	2,228,870		2,228,870	(262,680	)	1,966,190	(1,877,712	)	88,478	88,478	88,478
ETI TxT Calc. (Vertical vs. Horizontal)				998,069		998,069	(279,672	)	718,397	718,397	718,397
Research and Development Credits		595,000	595,000	(60,714	)	534,286			534,286	534,286	534,286
Other Tax Reserves	1,570,800	167,909	1,738,709	(1,013,052	)	725,657			725,657	725,657	725,657
	8,017,597	3,050,704	11,068,301	(4,173,201	)	6,895,100	(2,157,384	)	4,737,716	4,737,716	4,737,716

Discussion of material tax contingencies:
	•	Exposure related to intercompany loan from Canadian Controlled Foreign Corporation: The Company has an intercompany loan owed to its Canadian operations (a Controlled Foreign Corporation or “CFC”) from its U.S. operations that has not been settled since 2002.  As a result of these intercompany transactions, the Canadian operations could be deemed to have an investment in U.S. property as defined by Internal Revenue Code (“IRC”) §956, which could result in a deemed dividend from Canada to the U.S. and an incremental tax cost thereby increasing the Company’s effective tax rate.  The Company can only be deemed to have a dividend to the extent that either cumulative or current year earnings and profits are available. The reserve was $2,670,927 at the start of 2003 representing the probable loss based on the intercompany loan.  In 2003, an increase in the loans to the Canadian CFC required an increase in the reserve of $2,278,795.  In 2004 the amount of exposure decreased due to the foreign subsidiary having insufficient earnings and profits to support the deemed dividend, resulting in a decrease in the reserve of $2,379,725. The Company has not borrowed additional funds from Canada subsequent to December 2004; therefore the reserve has not increased since no additional exposure has been created.  Due to statutory expirations, the remaining reserve is related to the 2004 tax year and will expire September 15, 2008.
	•	Brilon-Wald facility gain: During the fourth quarter of 1998, the Company essentially concluded its 1994 restructuring plan by transferring ownership of the Brilon-Wald, Germany plant to the local community.  The plant was shut down in 1995.  This item contributed to the 1998 NOL (including recent amended returns) of $9.3 million.  Approximately $8.9 million of this NOL was utilized in 2001 and $0.4 million in 2002. The primary item that contributed to the reversal of the tax contingency accruals in 2005 was the reduction of the liability related to the income tax gain on the sale of the Brilon-Wald facility of approximately $1.9 million. The remaining $0.1 million expired on September 15, 2006.

• Transfer Pricing: Under IRC §482, a related party transaction should closely resemble that of a comparable transaction under comparable circumstances between unrelated parties, or one taking place “at arm’s length.”  IRC §482 empowers Treasury to make allocations “to clearly reflect income.”  The Company identified an exposure due its review of its transfer pricing practices and lack of support to prove that such practices were similar to arm’s length transactions. The Company implemented their current transfer pricing policy at the end of 2002. The Company believes its current transfer pricing policy conforms to IRS requirements for an arm’s length price for intercompany transactions, except for a small deviation, as such no further growth in the reserve occurred.  The reserve at the end of 2002 was $1,547,000; however, this exposure was decreased by $1,455,099 due to the statutory expiration of exposure related to the 2000 calendar year.  The remaining $91,000 represents a reserve for a deviation of the required margins due to fluctuating sales mix and is deemed immaterial to warrant further discussion.

• Extraterritorial Income Tax (“ETI”): The ETI Tax Regime allowed companies an exclusion from gross income for extraterritorial income.  There are two approaches to computing this exclusion, i.e. the vertical and horizontal methods.  The approaches have differing methods of grouping information to produce the exclusion and generally the vertical method provides a higher exclusion.  The Company was using the vertical grouping method to compute the deduction on their tax return.  The horizontal approach is considered more certain of being supportable with the IRS.  In December 2004, management revisited the Company’s position on the tax deduction, which included consideration about additional clarification of the IRS views on the methods that it is probable that the IRS would only allow the deduction of the lower exclusion based on the horizontal method.  As such the Company recorded a reserve of $998,069 in 2004 for difference between the two methods for the open tax years of 2001 to 2003.  A portion of the reserve $279,672 was released with the statutory expiration of the 2001 calendar year on September 15, 2005.  In September 2005, the Company concluded that it would not claim an ETI benefit based on the higher vertical method and changed their 2004 tax return’s estimated ETI benefit to the lower horizontal calculation. The change was made due the fact that management concluded after further review that such ETI benefit is a more acceptable position under the IRC.

• Research and Development Credits: The Company performs research and development activities which qualify for federal credits against taxable income.  The Company’s support for these credits is based on a high level analysis of qualifying expenditures, where the eventual benefit under IRC was not considered probable.  Therefore, a reserve was identified for these credits. A portion of this reserve was released in 2004 due to statutory expirations in the amount of $60,714.  The remaining balance of $534,286 will start tolling once the credits are taken on a tax return.

•	Please refer to Attachment (i) for the detailed tax contingency accruals rollforward.
•	Please tell us the nature of your “revision to prior year’s accruals” disclosed on page 35 and the circumstances that gave rise to the adjustment.  Given the magnitude of the adjustment, please clarify why you did not restate prior periods to reflect this adjustment in the appropriate periods.
	The revision of the prior year’s accruals disclosed on page 35 relates to an adjustment for profit in inventory with the Company’s joint venture Calgon Mitsubishi Chemical Corporation (“CMCC”).  The Company was inappropriately classifying the CMCC joint venture profit in inventory as a deferred tax item of $0.3 million rather than as a prepaid tax item that reduces the tax accrual item in accordance with Accounting Research Bulletins 51 paragraph 17.  The tax effect of the reclassification was immaterial to prior year financial statements and as such, the Company did not restate its financial statements. The Company considered SAB Topic 99 when assessing the nature of the misclassification and noted it that it affected deferred tax assets and prepaid taxes which are both reported on the balance sheet.  As such, the changes did not affect the Company’s compliance with covenants nor regulatory requirements. Nor did the change affect analysts expectations or change a loss to an income or hide a change in a trend. The Company also considered the effect that the misclassification had on the readers of the Company’s financial statements and concluded that it would not have impacted their conclusions..
•	We note significant variations from year to year in your benefit of extraterritorial income exclusion.  Given the materiality of these benefits, please disclose the reasons for these variations and any material uncertainties regarding the amount of this benefit in future filings.  In your response, please provide us with your proposed disclosures.
	We proposed to disclose the following in our future filings:
	The Extraterritorial Income Exclusion (“ETI”) benefit is calculated based on the Company’s volume of qualifying exports.  As such, the ETI benefit fluctuates based on the volume of exports, the margin on such exports, and the Company’s sales mix for the period.  Furthermore, the Company’s pre-tax book income has fluctuated quarter to quarter due to changes in actual and estimated book income.  Since ETI benefit is such a large permanent difference on the rate reconciliation, its rate percentage is susceptible to fluctuations in book income and the size of other permanent differences. The Company also expects to see material fluctuations due to the rate impact of the permanent differences being driven by pre-tax book income.  Additionally, the ETI benefit is being phased out over a two year period under the American Jobs Creation Act of 2004.  The ETI benefit under the phase out is 100% of the calculated benefit in 2004, decreasing to 80% in 2005,decreasing to 60% in 2006, at which point it will be completely phased out to 0% benefit in 2007. Therefore, the Company expects the benefit will continue to decrease due to the phase-out on an annual basis.
•	We note that you increased your deferred tax asset valuation allowance by $1,835 in 2004, based on your disclosures on page 27.  Please tell us where you have reflected this increase in your income tax rate reconciliation on page 35.
	On page 38 of the 2004 10-K, the valuation reserve increased from $1.9 million to $3.5 million, a change of $1.6 million.  This increase was due to the purchase of Waterlink Specialty Products in 2004. The 2004 increase in the valuation reserve is primarily attributed to a limitation on the type of income that is available to offset the NOL. Included in the 2004 valuation allowance for Waterlink (UK) Limited, is $1.6 million of valuation allowance that was identified as part of the finalization of the purchase price of Waterlink that reduced goodwill and had no effect on the income tax rate or net income.

SEC Comment No. 11:
Segment Information, page 40

You currently have three reportable segments.  We note your Form 8-K filed on April 22, 2004 that discusses your completion of a strategic planning process.  We note that this process included consideration of how you compiled and reported financial information to your CODM, which resulted in a decrease of reportable segments from four to three.  Given that for the year ended December 31, 2005, your Activated Carbon and Service segment, Equipment segment and Consumer segment represented 83.2%, 12.7%, and 4.1% of your net sales, respectively, please explain to us your analysis of how the aggregation of your previously separately reported segments of Activated Carbon and Service improves your readers’ understanding of your performance of your different types of business activities.  We note your disclosure on page 4 that your Activated Carbon and Service segment manufactures granular activated carbon for use in applications to remove organic compounds from water, air and other liquids and gases and the service aspect of the segment consists primarily of reactivation of spent carbon and the leasing, monitoring and maintenance of carbon adsorption equipment.  We further note on your website, under “Our Company,” you continue to identify your business units as Activated Carbon, Engineered Systems, and Service Options, and Consumer Products.  Given the above, please tell us in detail how you determined that you met each of the criteria in paragraph 17 of SFAS 131 for aggregation of Activated Carbon and Service.  As part of your response, please provide us with an analysis that includes historical revenues, gross profits, gross profit margins, operating profits, and operating profit margins, along with any other information you believe would be useful for each of your operating segments to help us understand how these operations are economically similar.  Please also address any differences in the trends these financial indicators depict (e.g. if gross profit margin is decreasing for one operation and increasing for another).  In addition, provide us with copies of the relevant financial reports reviewed by your chief operating decision maker – see paragraph 10 of SFAS 131.  Also provide us with a management organizational chart so that we may see how your company is structured and who reports to the chief operating decision maker.

Response:

The Company currently employs a matrix style organization that has three senior vice presidents responsible for the three major geographies that the Company operates in, the Americas (North and South), Europe, and, Asia. Within each of those geographies, those same senior vice presidents have sole operating responsibility for the three product segments, Activated Carbon and Service, Equipment, and Consumer.  The only exception is the Company’s AOT or ultraviolet light (UV) technology business which is contained in the Company’s Equipment segment and has a general manager reporting directly to John Stanik the President and CEO of Calgon Carbon Corporation who is also the Company’s Chief Operating Decision Maker (CODM).  Mr. Stanik reviews financial information for the organization both rolled up by product segment and also by product segment within each region. The Company determined that segments based on product lines was more appropriate than segments based on geographic locations as outlined in SFAS 131 paragraph 15. The following attachment (Attachment (j)) is a selection of what Mr. Stanik receives for review each month.

For four years ending December 31, 2003, the Company reported four distinct operating segments, Activated Carbon, Service, Engineered Solutions, and Consumer, which is the way the Company’s former CEO and CODM, James Cederna, viewed the Company.  When Mr. Cederna resigned in February 2003 and was replaced by Mr. Stanik, the Company undertook a strategic planning process that consumed most of the remainder of 2003.  Upon completion of the Company’s strategic plan in the fourth quarter of 2003, management decided that based upon the financial information that was reviewed during that process, three operating segments were more appropriate.  Some of the more compelling reasons for the change in segments noted at the time and the believed improvements to readers of the Company’s financial statements were the following:

• In the previous method of segment reporting, Activated Carbon product sales were included in the Activated Carbon, Service, and Engineered Systems segments.  Improvement: The current method of reporting, includes all activated carbon sales in one segment (Activated Carbon and Service) since all of the products are utilized for the purpose of removing organic compounds from water, air, and other liquids and gases.

• In the previous method of segment reporting, a large portion of what was considered Service segment sales at the time included sales of activated carbon products that were produced using the same or similar equipment as products sold in the Activated Carbon segment.  In addition, both of those segments utilized the same personnel to sell, market, research, and support each of those segments at a level that was indistinguishable.  As a result direct and indirect production costs, depreciation, selling, marketing, R&D, some general and administrative costs, and most assets associated with the Activated Carbon and Service segments were allocated to each of those two segments thereby diluting the usefulness of the financial information at any level below the product gross margins. Improvement: The current method of reporting, includes all activated carbon sales in one segment (Activated Carbon and Service) and eliminates the effort of trying to produce financial information that is separated for the Activated Carbon and Service segments at a level that was no longer useful to the financial readers.

• In the previous method of segment reporting, carbon equipment sales and leases were both included in the Service segment apart from the other equipment sales. Improvement: The current method of reporting includes carbon equipment along with equipment sales of all other technologies in the Equipment segment.  In addition, revenues for all leased equipment are included in the Activated Carbon and Service segment because of its service aspect.  This provides readers of the Company’s financial statements better information regarding the nature of the Company’s revenues.

• In the previous method of segment reporting ion exchange resin sales (non-equipment) were included in the Engineered Systems segment. Improvement: The current method of reporting, includes the ion exchange resin sales in the Activated Carbon and Service segment to provide readers with better financial information due to the similarity in the nature and distribution of the products.

As a result, beginning in the period ended March 31, 2004, the Company began reporting in three segments: Activated Carbon and Service, Equipment, and Consumer and began disseminating financial information to the CODM at that time to reflect the new operating structure whereby costs were not delineated for the activated carbon and the service components.  While the primary reasons for the change was centered on paragraphs 10 and 18 of SFAS 131, the Company believes that closer consideration of paragraph 17 also supports management’s interpretation of how the previous Activated Carbon and Service segments fit the aggregation criteria set out in paragraph 17.

a)

Similarity in the nature of products or services – The Activated Carbon segment almost exclusively provides activated carbon products for use in applications to remove organic compounds from water, air, and other liquids and gases.  A significant portion of the Service component (85.6% in 2005, 86.4% in 2004, and 87.3% in 2003) also employs either activated carbon products or ion exchange resins for use in applications to remove organic compounds from water, air, and other liquids and gases.

b)

Similarity in the nature of the production processes – The production of granular activated carbon (GAC) for the applications described above is performed in high temperature furnaces using coconut shell or bituminous coal and pitch as its main raw materials.  Similarly, the GAC sold into the Segment (18.4% of Service segment revenue in 2005, 19.2% in 2004, and 20.2% in 2003) is produced in exactly the same fashion.  What qualifies it as a Service segment sale under the Company’s definition as opposed to an Activated Carbon segment sale is the Company’s relationship with the customer.  If the GAC being sold is to be used in the Company’s equipment under a leasing agreement or if the customer intends to have the Company “reactivate” the GAC for reuse under a service agreement once it has been “spent” or adsorbed all of the contaminants that it can adsorb then that sale of GAC gets classified into the Service segment.  The other significant portion of revenues in the Service segment (31.2% in 2005, 32.9% in 2004, and 28.7% in 2003) are generated by the reactivation of the spent GAC which again uses high temperature furnaces to burn off the contaminants that have been adsorbed and put the GAC back in a state to be placed back into service at a customers site.  During that process of reactivation, anywhere from 8 to 12% of GAC is lost due to incineration and must be replaced by virgin GAC.  The remainder of the Service segment revenues is made up of monthly equipment rental fees and fees for field service to place carbon at a site or remove it and return it for reactivation.

c)	Similarity of the type or class of customers for the Company’s products or services – With few exceptions, the Activated Carbon and Service components serve the same industries such as Municipal Water, Industrial Process, Environmental Air and Water, Food, and Specialty.
d)	Similarity in the methods used to distribute their products and or provide their services – The Company employs a direct sales force in each geographic region it operates in that sells into both the Activated Carbon and Service components. There is no dedicated sales force that exists for either component. Similarly, a dedicated supply chain team is responsible for the warehousing and distribution of each of the products sold into both components. The only difference between distribution methods is the deployment of Company employed field service personnel to remove and replace product from the customer’s site for the reactivation of GAC.
e)	Similarity of the nature of the regulatory environment – Not applicable.

Additionally, in order to qualify for aggregation under paragraph 17, the segments must show similar economic characteristics.  The table below shows selected financial information for the Activated Carbon and the Service segment during the years 1999 through 2002, the last year the Company reported those two segments separately.  As the table shows below, the average product gross profit margin over that four year period leading up to the change was only 0.9 percentage points difference between the two segments. At levels below that line item the gap begins to widen between Activated Carbon and Service but is still a rather close 3.4 percentage points difference at the gross profit margin level.  The gap widens because most of the costs below that level cannot be delineated between Activated Carbon and Service and therefore is either assigned to either of the two segments based upon predetermined percentages or allocated based upon certain amounts (such as COGS) as a percentage of the total of those two segments.  As stated previously, the data becomes much less meaningful the further down the income statement one goes and therefore it makes more sense to aggregate.

	Fiscal Year 1999						Fiscal Year 2000						Fiscal Year 2001						Fiscal Year 2002						Fiscal Year 2002
	Carbon			Service			Carbon			Service			Carbon			Service			Carbon			Service			Carbon			Service
Net sales	$	144,478		$	94,269		$	124,695		$	90,978		$	109,317		$	92,336		$	100,625		$	93,494		$	119,779		$	92,769
Product Gross Profit		66,554			44,533			57,774			45,328			49,373			40,398			46,629			43,729			55,083			43,497
Product Gross Margin		46.1	%		47.2	%		46.3	%		49.8	%		45.2	%		43.8	%		46.3	%		46.8	%		46.0	%		46.9	%
Gross Profit		37,267			28,199			33,799			28,448			26,494			24,289			24,436			26,458			30,499			26,849
Gross Margin		25.8	%		29.9	%		27.1	%		31.3	%		24.2	%		26.3	%		24.3	%		28.3	%		25.5	%		28.9	%
Operating Profit		9,577			12,728			12,120			12,905			8,358			10,036			6,740			11,413			9,199			11 ,771
Operating Margin		6.6	%		13.5	%		9.7	%		14.2	%		7.6	%		10.9	%		6.7	%		12.2	%		7.7	%		12.7	%

As correctly noted in your comment, the Company’s website has not been updated to reflect the change to the current operating segment format. The fact that the website was not updated was an oversight and Company is currently devoting resources to ensure that the website is updated with the correct current information by January 31, 2007.

Form 10-Q for the Quarterly Period Ended June 30, 2006

SEC Comment No. 12:
Related Party Transactions

We note under your discussion of Results of Operations on page 20, that one of the reasons for the increase in your net sales for the Activated Carbon and Service segment was an increase in sales of activated carbon in Japan to your joint venture, Calgon Mitsubishi Chemical Corporation.  However, it does not appear that you have any additional related party transaction disclosures.  Please include such disclosures in future filings.  Refer to paragraph 2 of SFAS 57.

Response:

The Company will include additional related party transaction disclosures in future filings in accordance with SFAS 57 and has provided an example below.

The Company has also considered these related party transactions under paragraph (k) of Item 4-08 of Regulation S-X and concluded that the footnote disclosure highlighted below adequately addresses the transactions and balances because revenues and receivables are less than 10% as required by paragraphs (b)1-2 of Item 5-03 of Regulation S-X.

Related Party Transactions

Net sales to related parties and receivables from related parties primarily reflect sales of activated carbon products to equity investees.  Generally, transactions are conducted under long-term contractual arrangements.  Related party sales transactions were $4.4 million, $4.7 million, and $6.9 million for the years ended 2005, 2004, and 2003, respectively.   Receivables from equity investees amounted to $1.7 million and $1.8 million at December 31, 2005 and 2004, respectively.  Accounts payable to related parties primarily relates to sales and management support and was not material for the years ended December 31, 2005 and 2004.

Form 8-K filed November 16, 2006

SEC Comment No. 13:

We note your disclosure that the Federal Court of Canada found that your Canadian patent for the use of ultraviolet light to prevent infection from Cryptosporidium in drinking water is invalid.  Please tell us your consideration of this decision in assessing the recoverability of your patents.  If you do not believe that this decision results in the need for an impairment charge, please tell us why not.

Response:

The Company applies SFAS 2 “Accounting for Research and Development Costs” to its research and development costs which states that research and development costs should be expensed when incurred.  As such, the Company has not capitalized any costs associated with the development of its ultraviolet light patents and therefore has no patent costs to consider for impairment as a result of the recent unfavorable Canadian court ruling.  The patents that are capitalized on the Company’s balance sheet at December 31, 2005 represent purchased patents that are not related to the Company’s ultraviolet business.

* * * * *

The Company acknowledges that it is responsible for the adequacy and accuracy of the disclosure in it filings with the SEC, that the SEC staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing, and the Company may not assert staff comments as a defense in any proceedings initiated by the Commission or any person under the federal securities laws of the United States.

Should you have any questions regarding the above matters, please contact the Company’s Chief Financial Officer, Leroy Ball, at 412-787-6775.

		Sincerely,
		Leroy Ball
		Chief Financial Officer
cc:	Michael Lowry
	Partner
	Deloitte & Touche LLP

Attachment (a)

FAS 142 TEST-DOCUMENTATION
FY2005

AOT Discounted Cash Flow

	12/31/2006 Year 1			12/31/2007 Year 2			12/31/2008 Year 3			12/31/2009 Year 4			12/31/2010 Year 5			12/31/2011 Residual
Revenue	$	6,700		$	9,714		$	16,107		$	25,740		$	31,574		$	37,886
Operating Expenses:
Cost of Goods Sold		4,675			6,778			11,239			17,960			22,031			26,436
Depreciation		232			232			237			241			246			251
SG&A		2,559			3,400			3,755			5,203			6,109			7,574
R&D		17			23			25			35			41			50
Restructuring		—			—			—			—			—			—
Total Operating Expenses		7,483			10,432			15,256			23,439			28,427			34,311
Income from Operations		(783	)		(719	)		852			2,301			3,147			3,575
Other Income (Exp)		750			17,069			7,709			9,839			12,715			16,432
Earnings before Interest and Taxes		(33	)		16,350			8,561			12,140			15,862			20,007
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		(33	)		16,350			8,561			12,140			15,862			20,007
Provision (Benefit) for Income Taxes - 40%		(13	)		6,540			3,424			4,856			6,345			8,003
Net Income	$	(20	)	$	9,810		$	5,136		$	7,284		$	9,517		$	12,004
Adjustments:
Add:  Depreciation		232			232			237			241			246			251
Less:  Captial Expenditures		(232	)		(237	)		(241	)		(246	)		(251	)		(256	)
Less:  Add’l Working Capital		(1,583	)		(1,575	)		(3,092	)		(4,203	)		(2,282	)		(2,290	)
Distributable Cash Flow		(1,603	)		8,231			2,040			3,076			7,231			9,710
Present Value Factor		0.9358			0.8194			0.7175			0.6283			0.5502
Present Value of Distributable Cash Flow	$	(1,500	)	$	6,744		$	1,464		$	1,933		$	3,978
Total Present Value of Cash Flows (Years 1 to 5)	$	12,619
Present Value of Residual Cash Flow		47,705						Residual Cash Flow								$	9,710
Total Operating Value		60,324						Residual Capitalization Rate
Add:  Acquisition Premium - (None for DCF)								Discount Rate									14	%
Fair Value of Reporting Unit		60,324						Less:  Resid Growth Rate									-3	%
Add:  Present Value of Amortization Tax Benefit		1,564						Capitalization Rate									11	%
Total Fair Value of Reporting Unit		61,888						Residual Cash Flow Value									86,704
Rounded	$	61,888						Present Value Factor									0.5502
								Present Value of Resid Cash Flow									47,705
Book Value of AOT Business Unit		14,676
(Impaired)/Not Impaired	$	47,212
EBIT		(33	)		16,350			8,561			12,140			15,862			20,007
EBITDA		199			16,582			8,797			12,381			16,108			20,259
PRODUCT GROSS MARGIN%		30.2	%		30.2	%		30.2	%		30.2	%		30.2	%		30.2	%
GROSS MARGIN%		26.8	%		27.8	%		28.8	%		29.3	%		29.4	%		29.6	%
EBITDA MARGIN%		3.0	%		170.7	%		54.6	%		48.1	%		51.0	%		53.5	%
Working Capital at 12/31/05		4,119			5,694			8,786			12,989			15,271			17,561
Adjustment to Working Capital:
Decrease DSO terms & Rev in Excess of Billings		10.0	%		15.0	%		17.5	%		20.0	%		22.5	%		25.0	%
Working Capital as a percent of sales change		79.0	%		52.3	%		48.4	%		43.6	%		39.1	%		36.3	%
Amortization of tax benefit (6 years remaining)		1,011			1,011			1,011			1,011			1,011			1,011
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		404			404			404			404			404			404
Present Value of amortization of tax benefit		1,564

Attachment (a)

FAS 142 TEST-DOCUMENTATION
FY2005

AST Discounted Cash Flow

	12/31/2006 Year 1			12/31/2007 Year 2			12/31/2008 Year 3			12/31/2009 Year 4			12/31/2010 Year 5			12/31/2011 Residual
Revenue	$	14,927		$	13,700		$	12,700		$	11,700		$	11,700		$	11,700
Operating Expenses:
Cost of Goods Sold		9,937			9,120			8,454			7,788			7,788			7,788
Depreciation		58			58			59			60			61			63
SG&A		227			234			241			248			255			263
R&D		264			272			280			289			297			306
Restructuring		—			—			—			—			—			—
Total Operating Expenses		10,485			9,683			9,034			8,385			8,402			8,420
Income from Operations		4,442			4,017			3,666			3,315			3,298			3,280
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		4,442			4,017			3,666			3,315			3,298			3,280
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		4,442			4,017			3,666			3,315			3,298			3,280
Provision (Benefit) for Income Taxes - 40%		1,777			1,607			1,466			1,326			1,319			1,312
Net Income	$	2,665		$	2,410		$	2,200		$	1,989		$	1,979		$	1,968
Adjustments:
Add:  Depreciation		58			58			59			60			61			63
Less:  Captial Expenditures		(58	)		(59	)		(60	)		(61	)		(63	)		(64	)
Less:  Add’l Working Capital		(827	)		105			86			86			—			—
Distributable Cash Flow		1,838			2,514			2,284			2,074			1,977			1,967
Present Value Factor		0.9441			0.8414			0.7499			0.6684			0.5957
Present Value of Distributable Cash Flow	$	1,735		$	2,116		$	1,713		$	1,386		$	1,178
Total Present Value of Cash Flows (Years 1 to 5)	$	8,128
Present Value of Residual Cash Flow		9,605						Residual Cash Flow								$	1,967
Total Operating Value		17,733						Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF								Discount Rate									12	%
Fair Value of Reporting Unit		17,733						Less:  Resid Growth Rate									0	%
Add:  Present Value of Amortization Tax Benefit		3,253						Capitalization Rate									12	%
Total Fair Value of Reporting Unit		20,985						Residual Cash Flow Value									16,123
Rounded	$	20,985						Present Value Factor									0.5957
								Present Value of Resid Cash Flow									9,605
Book Value of AST Business Unit		5,475
(Impaired)/Not Impaired	$	15,510
EBIT		4,442			4,017			3,666			3,315			3,298			3,280
EBITDA		4,500			4,075			3,725			3,375			3,359			3,343
PRODUCT GROSS MARGIN%		33.4	%		33.4	%		33.4	%		33.4	%		33.4	%		33.4	%
GROSS MARGIN%		33.0	%		33.0	%		33.0	%		32.9	%		32.9	%		32.9	%
EBITDA MARGIN%		30.1	%		29.7	%		29.3	%		28.8	%		28.7	%		28.6	%
Working Capital at 12/31/05		1,280			1,175			1,089			1,004			1,004			1,004
Working Capital as a percent of sales change		14.1	%		8.6	%		8.6	%		8.6	%		0.0	%		0.0	%
Amortization of tax benefit (6 years remaining)		1,989			1,989			1,989			1,989			1,989			1,989
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		795.592955			795.59295			795.593			795.59295			795.59295			795.59295
Present Value of amortization of tax benefit		3,253

Attachment (a)

FAS 142 TEST-DOCUMENTATION
FY2005

Americas/Asia Carbon & Service Discounted Cash Flow

	12/31/2006 Year 1			12/31/2007 Year 2			12/31/2008 Year 3			12/31/2009 Year 4			12/31/2010 Year 5			12/31/2011 Residual
Revenue	$	172,090		$	177,252		$	182,570		$	188,047		$	193,689		$	199,499
Operating Expenses:
Cost of Goods Sold		121,389			125,031			128,782			132,645			136,624			140,723
Depreciation		11,095			11,095			11,316			11,543			11,774			12,009
SG&A		17,657			18,011			18,371			18,738			19,113			19,495
R&D		2,991			3,051			3,112			3,174			3,237			3,302
Restructuring		—			—			—			—			—			—
Total Operating Expenses		153,132			157,186			161,580			166,100			170,748			175,529
Income from Operations		18,958			20,066			20,990			21,947			22,940			23,970
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		18,958			20,066			20,990			21,947			22,940			23,970
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		18,958			20,066			20,990			21,947			22,940			23,970
Provision (Benefit) for Income Taxes - 40%		7,583			8,026			8,396			8,779			9,176			9,588
Net Income	$	11,375		$	12,040		$	12,594		$	13,168		$	13,764		$	14,382
Adjustments:
Add:  Depreciation		11,095			11,095			11,316			11,543			11,774			12,009
Less:  Captial Expenditures		(11,095	)		(11,316	)		(11,543	)		(11,774	)		(12,009	)		(12,249	)
Less:  Add’l Working Capital		(2,302	)		(1,488	)		(1,533	)		(1,579	)		(1,626	)		(1,675	)
Distributable Cash Flow		9,073			10,330			10,835			11,359			11,903			12,467
Present Value Factor		0.9441			0.8414			0.7499			0.6684			0.5957
Present Value of Distributable Cash Flow	$	8,566		$	8,692		$	8,125		$	7,592		$	7,091
Total Present Value of Cash Flows (Years 1 to 5)	$	40,066
Present Value of Residual Cash Flow		80,740						Residual Cash Flow								$	12,467
Total Operating Value		120,806						Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF								Discount Rate									12	%
Fair Value of Reporting Unit		120,806						Less:  Resid Growth Rate									-3	%
Add:  Present Value of Amortization Tax Benefit		8,641						Capitalization Rate									9	%
Total Fair Value of Reporting Unit		129,447						Residual Cash Flow Value									135,529
Rounded	$	129,447						Present Value Factor									0.5957
								Present Value of Resid Cash Flow									80,740
Book Value of Carbon & Service Business Unit		113,906
(Impaired)/Not Impaired	$	15,542
EBIT		18,958			20,066			20,990			21,947			22,940			23,970
EBITDA		30,053			31,161			32,306			33,490			34,714			35,979
PRODUCT GROSS MARGIN%		29.5	%		29.5	%		29.5	%		29.5	%		29.5	%		29.5	%
GROSS MARGIN%		23.0	%		23.2	%		23.3	%		23.3	%		23.4	%		23.4	%
EBITDA MARGIN%		17.5	%		17.6	%		17.7	%		17.8	%		17.9	%		18.0	%
Working Capital at 12/31/05		49,605			51,093			52,626			54,204			55,830			57,505
Working Capital as a percent of sales change		30.2	%		28.8	%		28.8	%		28.8	%		28.8	%		28.8	%
Amortization of tax benefit (13 years remaining)		3,396			3,984			3,984			3,984			3,984			3,984
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		1,358			1,594			1,594			1,594			1,594			1,594
Present Value of amortization of tax benefit		8,641

Attachment (a)

FAS 142 TEST-DOCUMENTATION
FY2005

Europe Carbon & Service Discounted Cash Flow

	12/31/2006 Year 1			12/31/2007 Year 2			12/31/2008 Year 3			12/31/2009 Year 4			12/31/2010 Year 5			12/31/2011 Residual
Revenue	$	79,873		$	82,270		$	84,738		$	87,280		$	89,898		$	92,595
Operating Expenses:
Cost of Goods Sold		54,414			56,046			57,728			59,460			61,243			63,081
Depreciation		6,397			6,397			6,525			6,656			6,789			6,924
SG&A		11,029			11,250			11,475			11,704			11,938			12,177
R&D		264			269			275			280			286			292
Restructuring		—			—			—			—			—			—
Total Operating Expenses		72,104			73,962			76,002			78,099			80,256			82,473
Income from Operations		7,769			8,307			8,736			9,181			9,642			10,122
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		7,769			8,307			8,736			9,181			9,642			10,122
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		7,769			8,307			8,736			9,181			9,642			10,122
Provision (Benefit) for Income Taxes - 40%		3,108			3,323			3,494			3,672			3,857			4,049
Net Income	$	4,662		$	4,984		$	5,241		$	5,508		$	5,785		$	6,073
Adjustments:
Add:  Depreciation		6,397			6,397			6,525			6,656			6,789			6,924
Less:  Captial Expenditures		(6,397	)		(6,525	)		(6,656	)		(6,789	)		(6,924	)		(7,063	)
Less:  Add’l Working Capital		(522	)		(519	)		(535	)		(551	)		(567	)		(584	)
Distributable Cash Flow		4,139			4,337			4,576			4,825			5,083			5,350
Present Value Factor		0.9441			0.8414			0.7499			0.6684			0.5957
Present Value of Distributable Cash Flow	$	3,908		$	3,650		$	3,432		$	3,225		$	3,028
Total Present Value of Cash Flows (Years 1 to 5)	$	17,242
Present Value of Residual Cash Flow		34,652						Residual Cash Flow								$	5,350
Total Operating Value		51,894						Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF								Discount Rate									12	%
Fair Value of Reporting Unit		51,894						Less:  Resid Growth Rate									-3	%
Add:  Present Value of Amortization Tax Benefit		1,158						Capitalization Rate									9	%
Total Fair Value of Reporting Unit		53,052						Residual Cash Flow Value									58,166
Rounded	$	53,052						Present Value Factor									0.5957
								Present Value of Resid Cash Flow									34,652
Book Value of Carbon & Service Business Unit		42,148
(Impaired)/Not Impaired	$	10,904
EBIT		7,769			8,307			8,736			9,181			9,642			10,122
EBITDA		14,167			14,704			15,261			15,836			16,431			17,046
PRODUCT GROSS MARGIN%		31.9	%		31.9	%		31.9	%		31.9	%		31.9	%		31.9	%
GROSS MARGIN%		23.9	%		24.1	%		24.2	%		24.2	%		24.3	%		24.4	%
EBITDA MARGIN%		17.7	%		17.9	%		18.0	%		18.1	%		18.3	%		18.4	%
Working Capital at 12/31/05		17,300			17,819			18,354			18,904			19,471			20,055
Working Capital as a percent of sales change		22.3	%		21.7	%		21.7	%		21.7	%		21.7	%		21.7	%
Amortization of tax benefit (13 years remaining)		455			455			455			455			455			455
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		182			182			182			182			182			182
Present Value of amortization of tax benefit		1,158

Attachment (b)

FAS 142 TEST-DOCUMENTATION
FY2003
AOT Discounted Cash Flow

	12/31/2004 Year 1			12/31/2005 Year 2			12/31/2006 Year 3			12/31/2007 Year 4			12/31/2008 Year 5			12/31/2009 Residual
Revenue	$	6,446		$	7,413		$	8,525		$	8,781		$	9,044		$	9,315
Operating Expenses:
Cost of Goods Sold		4,035			4,640			5,336			5,496			5,661			5,831
Depreciation		121			121			121			121			121			121
SG&A		2,876			2,934			2,992			3,052			3,113			3,175
R&D		217			221			226			230			235			240
Restructuring		—			—			—			—			—			—
Total Operating Expenses		7,249			7,916			8,675			8,900			9,130			9,367
Income from Operations		(803	)		(503	)		(150	)		(119	)		(86	)		(52	)
Other Income (Exp)		400			750			1,000			1,250			1,500			1,750
Earnings before Interest and Taxes		(403	)		247			850			1,131			1,414			1,698
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		(403	)		247			850			1,131			1,414			1,698
Provision (Benefit) for Income Taxes - 40%
Net Income	$	(403	)	$	247		$	850		$	1,131		$	1,414		$	1,698
Adjustments:
Add: Depreciation		121			121			121			121			121			121
Less: Captial Expenditures		(121	)		(121	)		(121	)		(121	)		(121	)		(121	)
Less: Add’l Working Capital		—			—			—			—			—			—
Distributable Cash Flow		(403	)		247			850			1,131			1,414			1,698
Present Value Factor		0.9245			0.7902			0.6754			0.5772			0.4934
Present Value of Distributable Cash Flow	$	(373	)	$	195		$	574		$	653		$	698
Total Present Value of Cash Flows (Years 1 to 5)	$	1,747
Present Value of Residual Cash Flow		5,985						Residual Cash Flow								$	1,698
Total Operating Value		7,732						Residual Capitalization Rate
Add: Acquisition Premium - 25%		1,933						Discount Rate									17	%
Fair Value of Reporting Unit		9,665						Less: Resid Growth Rate									-3	%
Add: Present Value of Amortization Tax Benefit		—			0.15			Capitalization Rate									14	%
Total Fair Value of Reporting Unit		9,665						Residual Cash Flow Value									12,131
Rounded	$	9,665						Present Value Factor									0.4934
								Present Value of Resid Cash Flow									5,985
Book Value of AOT Business Unit		(2,035	)
(Impaired)/Not Impaired	$	11,700
EBIT		(403	)		247			850			1,131			1,414			1,698
EBITDA		(282	)		368			971			1,252			1,535			1,819

Attachment (b)

FAS 142 TEST-DOCUMENTATION
FY2003
AST Discounted Cash Flow

	12/31/2004 Year 1			12/31/2005 Year 2			12/31/2006 Year 3			12/31/2007 Year 4			12/31/2008 Year 5			12/31/2009 Residual
Revenue	$	25,199		$	25,955		$	26,734		$	27,536		$	28,362		$	29,213
Operating Expenses:
Cost of Goods Sold		16,379			16,871			17,377			17,898			18,435			18,988
Depreciation		133			133			133			133			133			133
SG&A		5,065			5,166			5,270			5,375			5,483			5,592
R&D		1,083			1,105			1,127			1,149			1,172			1,196
Restructuring		—			—			—			—			—			—
Total Operating Expenses		22,660			23,275			23,906			24,556			25,223			25,909
Income from Operations		2,539			2,680			2,827			2,980			3,139			3,304
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		2,539			2,680			2,827			2,980			3,139			3,304
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		2,539			2,680			2,827			2,980			3,139			3,304
Provision (Benefit) for Income Taxes - 40%
Net Income	$	2,539		$	2,680		$	2,827		$	2,980		$	3,139		$	3,304
Adjustments:
Add: Depreciation		133			133			133			133			133			133
Less: Captial Expenditures		(133	)		(133	)		(133	)		(133	)		(133	)		(133	)
Less: Add’l Working Capital		—			—			—			—			—			—
Distributable Cash Flow		2,539			2,680			2,827			2,980			3,139			3,304
Present Value Factor		0.9245			0.7902			0.6754			0.5772			0.4934
Present Value of Distributable Cash Flow	$	2,347		$	2,118		$	1,910		$	1,720		$	1,549
Total Present Value of Cash Flows (Years 1 to 5)	$	9,644
Present Value of Residual Cash Flow		11,643						Residual Cash Flow								$	3,304
Total Operating Value		21,286						Residual Capitalization Rate
Add: Acquisition Premium - 25%		5,322						Discount Rate									17	%
Fair Value of Reporting Unit		26,608						Less: Resid Growth Rate									-3	%
Add: Present Value of Amortization Tax Benefit		—			0.15			Capitalization Rate									14	%
Total Fair Value of Reporting Unit		26,608						Residual Cash Flow Value									23,597
Rounded	$	26,608		��				Present Value Factor									0.4934
								Present Value of Resid Cash Flow									11,643
Book Value of AST Business Unit		19,570
(Impaired)/Not Impaired	$	7,038
EBIT		2,539			2,680			2,827			2,980			3,139			3,304
EBITDA		2,672			2,813			2,960			3,113			3,272			3,437

Attachment (c)

FAS 142 TEST-DOCUMENTATION
FY2004
Americas AOT Discounted Cash Flow

	12/31/2005 Year 1			12/31/2006 Year 2			12/31/2007 Year 3			12/31/2008 Year 4			12/31/2009 Year 5			12/31/2010 Residual
Revenue	$	6,513		$	10,443		$	15,092		$	24,058		$	39,392		$	49,163
Operating Expenses:
Cost of Goods Sold		4,277			6,858			9,911			15,799			25,868			32,285
Depreciation		324			447			567			687			807			927
SG&A		3,300			3,400			3,755			5,203			6,109			7,574
R&D		23			24			26			36			43			53
Restructuring		—			—			—			—			—			—
Total Operating Expenses		7,924			10,728			14,259			21,725			32,827			40,838
Income from Operations		(1,411	)		(285	)		833			2,333			6,565			8,325
Other Income (Exp)		400			641			927			1,478			2,419			3,019
Earnings before Interest and Taxes		(1,011	)		356			1,760			3,811			8,985			11,344
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		(1,011	)		356			1,760			3,811			8,985			11,344
Provision (Benefit) for Income Taxes - 40%		(404	)		142			704			1,524			3,594			4,538
Net Income	$	(607	)	$	214		$	1,056		$	2,286		$	5,391		$	6,806
Adjustments:
Add:  Depreciation		324			447			567			687			807			927
Less:  Captial Expenditures		(324	)		(447	)		(567	)		(687	)		(807	)		(927	)
Less:  Add’l Working Capital		(269	)		(1,882	)		(2,039	)		(3,608	)		(5,533	)		(3,113	)
Distributable Cash Flow		(876	)		(1,669	)		(983	)		(1,322	)		(142	)		3,693
Present Value Factor		0.9354			0.8185			0.7162			0.6267			0.5484
Present Value of Distributable Cash Flow	$	(819	)	$	(1,366	)	$	(704	)	$	(828	)	$	(78	)
Total Present Value of Cash Flows (Years 1 to 5)	$	(3,796	)
Present Value of Residual Cash Flow		17,954					Residual Cash Flow									$	3,693
Total Operating Value		14,158					Residual Capitalization Rate
Add:  Acquisition Premium - (None for DCF)							Discount Rate										14	%
							Less:  Resid Growth Rate										-3	%
Fair Value of Reporting Unit		14,158
							Capitalization Rate										11	%
Add:  Present Value of Amortization Tax Benefit		1,719					Residual Cash Flow Value										32,738
Total Fair Value of Reporting Unit		15,877					Present Value Factor										0.5484
Rounded	$	15,877					Present Value of Resid Cash Flow										17,954
Book Value of AOT Business Unit		97
(Impaired)/Not Impaired	$	15,780
EBIT		(1,011	)		356			1,760			3,811			8,985			11,344
EBITDA		(687	)		803			2,327			4,498			9,792			12,271
PRODUCT GROSS MARGIN%		34.3	%		34.3	%		34.3	%		34.3	%		34.3	%		34.3	%
GROSS MARGIN%		29.4	%		30.1	%		30.6	%		31.5	%		32.3	%		32.4	%
Working Capital at 12/31/04		3,670			5,553			7,592			11,201			16,733			19,846
Adjustment to Working Capital:
Decrease DSO terms & Rev in Excess of Billings		10.0	%		15.0	%		17.5	%		20.0	%		22.5	%		25.0	%
Working Capital as a percent of sales change		54.9	%		47.9	%		43.9	%		40.2	%		36.1	%		31.9	%
Amortization of tax benefit (7 years remaining)		1,011			1,011			1,011			1,011			1,011			1,011
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		404			404			404			404			404			404
Present Value of amortization of tax benefit		1,719

Attachment (c)

FAS 142 TEST-DOCUMENTATION
FY2004
Americas/Asia AST Discounted Cash Flow

	12/31/2005 Year 1			12/31/2006 Year 2			12/31/2007 Year 3			12/31/2008 Year 4			12/31/2009 Year 5			12/31/2010 Residual
Revenue	$	9,510		$	9,510		$	9,510		$	9,510		$	9,510		$	9,510
Operating Expenses:
Cost of Goods Sold		6,443			6,443			6,443			6,443			6,443			6,443
Depreciation		289			289			289			289			289			289
SG&A		641			660			680			700			721			743
R&D		282			290			299			308			317			327
Restructuring		—			—			—			—			—			—
Total Operating Expenses		7,655			7,682			7,711			7,740			7,771			7,802
Income from Operations		1,855			1,828			1,799			1,770			1,739			1,708
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		1,855			1,828			1,799			1,770			1,739			1,708
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		1,855			1,828			1,799			1,770			1,739			1,708
Provision (Benefit) for Income Taxes - 40%		742			731			720			708			696			683
Net Income	$	1,113		$	1,097		$	1,079		$	1,062		$	1,044		$	1,025
Adjustments:
Add:  Depreciation		289			289			289			289			289			289
Less:  Captial Expenditures		(289	)		(289	)		(289	)		(289	)		(289	)		(289	)
Less:  Add’l Working Capital		455			—			—			—			—			—
Distributable Cash Flow		1,568			1,097			1,079			1,062			1,044			1,025
Present Value Factor		0.9437			0.8405			0.7486			0.6667			0.5938
Present Value of Distributable Cash Flow	$	1,480		$	922		$	808		$	708		$	620
Total Present Value of Cash Flows (Years 1 to 5)	$	4,537
Present Value of Residual Cash Flow		4,955					Residual Cash Flow									$	1,025
Total Operating Value		9,492					Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF							Discount Rate										12	%
							Less:  Resid Growth Rate										0	%
Fair Value of Reporting Unit		9,492
Add:  Present Value of Amortization Tax Benefit		3,599					Capitalization Rate										12	%
Total Fair Value of Reporting Unit		13,091					Residual Cash Flow Value										8,346
							Present Value Factor										0.5938
Rounded	$	13,091
							Present Value of Resid Cash Flow										4,955
Book Value of AST Business Unit		7,760
(Impaired)/Not Impaired	$	5,331
EBIT		1,855			1,828			1,799			1,770			1,739			1,708
EBITDA		2,144			2,117			2,088			2,059			2,029			1,997
PRODUCT GROSS MARGIN%		32.3	%		32.3	%		32.3	%		32.3	%		32.3	%		32.3	%
GROSS MARGIN%		29.2	%		29.2	%		29.2	%		29.2	%		29.2	%		29.2	%
Working Capital at 12/31/04		1,150			1,150			1,150			1,150			1,150			1,150
Working Capital as a percent of sales change		7.3	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Amortization of tax benefit (7 years remaining)		1,989			1,989			1,989			1,989			1,989			1,989
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		795.592955			795.592955			795.592955			795.592955			795.592955			795.592955
Present Value of amortization of tax benefit		3,599

Attachment (c)

FAS 142 TEST-DOCUMENTATION
FY2004
Americas/Asia Carbon & Service Discounted Cash Flow

	12/31/2005 Year 1			12/31/2006 Year 2			12/31/2007 Year 3			12/31/2008 Year 4			12/31/2009 Year 5			12/31/2010 Residual
Revenue	$	170,766		$	175,889		$	181,166		$	186,601		$	192,199		$	197,965
Operating Expenses:
Cost of Goods Sold		120,555			124,171			127,897			131,733			135,685			139,756
Depreciation		10,179			10,179			10,179			10,179			10,179			10,179
SG&A		17,594			17,946			18,305			18,671			19,045			19,425
R&D		2,619			2,671			2,725			2,779			2,835			2,892
Restructuring		—			—			—			—			—			—
Total Operating Expenses		150,947			154,968			159,106			163,363			167,744			172,252
Income from Operations		19,819			20,921			22,060			23,237			24,454			25,712
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		19,819			20,921			22,060			23,237			24,454			25,712
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		19,819			20,921			22,060			23,237			24,454			25,712
Provision (Benefit) for Income Taxes - 40%		7,927			8,368			8,824			9,295			9,782			10,285
Net Income	$	11,891		$	12,552		$	13,236		$	13,942		$	14,673		$	15,427
Adjustments:
Add:  Depreciation		10,179			10,179			10,179			10,179			10,179			10,179
Less:  Captial Expenditures		(10,179	)		(10,179	)		(10,179	)		(10,179	)		(10,179	)		(10,179	)
Less:  Add’l Working Capital		939			(1,381	)		(1,423	)		(1,465	)		(1,509	)		(1,554	)
Distributable Cash Flow		12,830			11,171			11,813			12,477			13,164			13,873
Present Value Factor		0.9437			0.8405			0.7486			0.6667			0.5938
Present Value of Distributable Cash Flow	$	12,108		$	9,390		$	8,843		$	8,318		$	7,816
Total Present Value of Cash Flows (Years 1 to 5)	$	46,475
Present Value of Residual Cash Flow		88,747					Residual Cash Flow									$	13,873
Total Operating Value		135,222					Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF							Discount Rate										12	%
Fair Value of Reporting Unit		135,222					Less:  Resid Growth Rate										-3	%
Add:  Present Value of Amortization Tax Benefit		6,144					Capitalization Rate										9	%
Total Fair Value of Reporting Unit		141,366					Residual Cash Flow Value										149,466
			��
Rounded	$	141,366					Present Value Factor										0.5938
							Present Value of Resid Cash Flow										88,747
Book Value of Carbon & Service Business Unit		121,387
(Impaired)/Not Impaired	$	19,979
EBIT		19,819			20,921			22,060			23,237			24,454			25,712
EBITDA		29,998			31,100			32,239			33,417			34,634			35,892
PRODUCT GROSS MARGIN%		29.4	%		29.4	%		29.4	%		29.4	%		29.4	%		29.4	%
GROSS MARGIN%		23.4	%		23.6	%		23.8	%		23.9	%		24.1	%		24.3	%
Working Capital at 12/31/04		46,036			47,417			48,840			50,305			51,814			53,369
Working Capital as a percent of sales change		26.4	%		27.0	%		27.0	%		27.0	%		27.0	%		27.0	%
Amortization of tax benefit (14 years remaining)		3,396			3,984			3,984			3,984			3,984			3,984
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		1,358			1,594			1,594			1,594			1,594			1,594
Present Value of amortization of tax benefit		6,144

Attachment (c)

FAS 142 TEST-DOCUMENTATION
FY2004
Europe Carbon & Service Discounted Cash Flow

	12/31/2005 Year 1			12/31/2006 Year 2			12/31/2007 Year 3			12/31/2008 Year 4			12/31/2009 Year 5			12/31/2010 Residual
Revenue	$	79,054		$	81,426		$	83,868		$	86,384		$	88,976		$	91,645
Operating Expenses:
Cost of Goods Sold		53,828			55,442			57,106			58,819			60,583			62,401
Depreciation		6,031			6,031			6,031			6,031			6,031			6,031
SG&A		10,558			10,769			10,984			11,204			11,428			11,657
R&D		197			201			205			210			214			218
Restructuring		—			—			—			—			—			—
Total Operating Expenses		70,613			72,443			74,326			76,263			78,256			80,306
Income from Operations		8,441			8,982			9,542			10,121			10,720			11,339
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		8,441			8,982			9,542			10,121			10,720			11,339
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		8,441			8,982			9,542			10,121			10,720			11,339
Provision (Benefit) for Income Taxes - 40%		3,376			3,593			3,817			4,049			4,288			4,536
Net Income	$	5,064		$	5,389		$	5,725		$	6,073		$	6,432		$	6,803
Adjustments:
Add:  Depreciation		6,031			6,031			6,031			6,031			6,031			6,031
Less:  Captial Expenditures		(6,031	)		(6,031	)		(6,031	)		(6,031	)		(6,031	)		(6,031	)
Less:  Add’l Working Capital		(2,174	)		(590	)		(607	)		(625	)		(644	)		(664	)
Distributable Cash Flow		2,890			4,800			5,118			5,447			5,788			6,140
Present Value Factor		0.9437			0.8405			0.7486			0.6667			0.5938
Present Value of Distributable Cash Flow	$	2,727		$	4,034		$	3,831		$	3,632		$	3,437
Total Present Value of Cash Flows (Years 1 to 5)	$	17,661
Present Value of Residual Cash Flow		39,278					Residual Cash Flow									$	6,140
Total Operating Value		56,939					Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF							Discount Rate										12	%
Fair Value of Reporting Unit		56,939					Less:  Resid Growth Rate										-3	%
Add:  Present Value of Amortization Tax Benefit		823					Capitalization Rate										9	%
Total Fair Value of Reporting Unit		57,762					Residual Cash Flow Value										66,151
Rounded	$	57,762					Present Value Factor										0.5938
							Present Value of Resid Cash Flow										39,278
Book Value of Carbon & Service Business Unit		48,335
(Impaired)/Not Impaired	$	9,427
EBIT		8,441			8,982			9,542			10,121			10,720			11,339
EBITDA		14,471			15,013			15,573			16,152			16,751			17,370
PRODUCT GROSS MARGIN%		31.9	%		31.9	%		31.9	%		31.9	%		31.9	%		31.9	%
GROSS MARGIN%		24.3	%		24.5	%		24.7	%		24.9	%		25.1	%		25.3	%
Working Capital at 12/31/04		19,651			20,240			20,847			21,473			22,117			22,780
Working Capital as a percent of sales change		27.6	%		24.9	%		24.9	%		24.9	%		24.9	%		24.9	%
Amortization of tax benefit (14 years remaining)		455			455			455			455			455			455
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		182			182			182			182			182			182
Present Value of amortization of tax benefit		823

Attachment (c)

FAS 142 TEST-DOCUMENTATION
FY2004
Americas Solvent Recovery  Discounted Cash Flow

	12/31/2005 Year 1			12/31/2006 Year 2			12/31/2007 Year 3			12/31/2008 Year 4			12/31/2009 Year 5			12/31/2010 Residual
Revenue	$	9,099		$	9,372		$	9,653		$	9,943		$	10,241		$	10,548
Operating Expenses:
Cost of Goods Sold		6,580			6,777			6,981			7,190			7,406			7,628
Depreciation		121			121			121			121			121			121
SG&A		1,359			1,386			1,414			1,442			1,471			1,500
R&D		10			10			10			11			11			11
Restructuring		—			—			—			—			—			—
Total Operating Expenses		8,070			8,295			8,526			8,764			9,009			9,261
Income from Operations		1,029			1,077			1,127			1,179			1,232			1,288
Other Income (Exp)		—			—			—			—			—			—
Earnings before Interest and Taxes		1,029			1,077			1,127			1,179			1,232			1,288
Interest Expense		—			—			—			—			—			—
Earning before Income Taxes		1,029			1,077			1,127			1,179			1,232			1,288
Provision (Benefit) for Income Taxes - 40%		412			431			451			472			493			515
Net Income	$	617		$	646		$	676		$	707		$	739		$	773
Adjustments:
Add:  Depreciation		121			121			121			121			121			121
Less:  Captial Expenditures		(121	)		(121	)		(121	)		(121	)		(121	)		(121	)
Less:  Add’l Working Capital		1,206			(126	)		(129	)		(133	)		(137	)		(141	)
Distributable Cash Flow		1,824			521			547			574			602			631
Present Value Factor		0.9437			0.8405			0.7486			0.6667			0.5938
Present Value of Distributable Cash Flow	$	1,721		$	438		$	409		$	383		$	357
Total Present Value of Cash Flows (Years 1 to 5)	$	3,308
Present Value of Residual Cash Flow		4,037					Residual Cash Flow									$	631
Total Operating Value		7,345					Residual Capitalization Rate
Add:  Acquisition Premium - none for DCF							Discount Rate										12	%
Fair Value of Reporting Unit		7,345					Less:  Resid Growth Rate										-3	%
Add:  Present Value of Amortization Tax Benefit		121					Capitalization Rate										9	%
Total Fair Value of Reporting Unit		7,466					Residual Cash Flow Value										6,800
Rounded	$	7,466					Present Value Factor										0.5938
							Present Value of Resid Cash Flow										4,037
Book Value of AST Business Unit		4,645
(Impaired)/Not Impaired	$	2,821
EBIT		1,029			1,077			1,127			1,179			1,232			1,288
EBITDA		1,150			1,198			1,248			1,300			1,353			1,409
PRODUCT GROSS MARGIN%		27.7	%		27.7	%		27.7	%		27.7	%		27.7	%		27.7	%
GROSS MARGIN%		26.4	%		26.4	%		26.4	%		26.5	%		26.5	%		26.5	%
Working Capital at 12/31/04		4,190			4,316			4,446			4,579			4,716			4,858
Working Capital as a percent of sales change		32.8	%		46.1	%		46.1	%		46.1	%		46.1	%		46.1	%
Amortization of tax benefit (14 years remaining)		67			67			67			67			67			67
Tax Rate		0.4			0.4			0.4			0.4			0.4			0.4
Tax effected balance		27			27			27			27			27			27
Present Value of amortization of tax benefit		121

Attachment (d)

Calgon Carbon Corporation
Financial Covenant Ratios

Fixed Charge Ratio	Projected
	3/31/2006		6/30/2006		9/30/2006		12/31/2006
Consolidated EBITDA:
Consolidated EBIT		646		702		4,897		10,523
Add:
Consolidated Depreciation Expense		19,223		18,427		17,891		17,715
Consolidated Amortization Expense		1,881		1,816		1,777		1,684
Total Consolidated EBITDA (A)		21,750		20,945		24,565		29,922
Consolidated Cash Outlays:
Consolidated Interest Expense (A)		4,501		4,579		4,591		4,532
Cash Income Taxes paid		508		491		559		739
Principal Payments		105		20		—		—
Capital Expenditures		11,996		10,760		12,570		14,000
Dividends		2,378		1,190		—		—
Total Consolidated Cash Outlays (B)		19,488		17,040		17,720		19,271
Fixed Charges Ratio (A)/(B) (Min 1.1)		1.12		1.23		1.39		1.55
Sensitivity - EBITDA room		313		2,201		5,073		8,724
Sensitivity - Cash Outlays room		284		2,000		4,612		7,931

Attachment (d)

Calgon Carbon Corporation
Financial Covenant Ratios	Includes Sale of Divestitures (18 million)
Leverage Ratio (Pricing Grid)

	Projected
	3/31/2006			6/30/2006			9/30/2006			12/31/2006
Consolidated Total Debt:
Indebtedness:
Add:
Indebtedness for Borrowed Money (US Credit Facility)		66,980			60,940			69,218			70,167
BBL Europe Credit Facility		—			—
China Line of Credit		—			—			—			0
Bonds, Notes, Debentures		2,925			2,925			2,925			2,925
Deferred Purchase Price of Capital Assets per GAAP		—
US Letters of Credit (without duplication)		10,500			10,500			10,500			10,500
Foreign Bank Guarantees (without duplication)		2,800			2,800			2,800			2,800
All obligations for Banker’s Acceptances		—			—			—
2nd Party Indebtedness secured by property		—			—			—
Capitalized Lease Obligations		20			—			—			—
Present Value of Synthetic Leases		—			—			—
Net obligations under Hedge Agreements		—			—			—
Full Recourse A/R, Notes, etc.		—			—			—
Redeemable Stock		—			—			—
Guaranty Obligations		—			—			—
Subtract:
Consolidated Cash		5,765			5,071			4,487			7,776
Total Consolidated Debt (A)		77,460			72,094			80,956			78,616
Consolidated EBITDA:
Consolidated EBIT		646			702			4,897			10,523
Add:
Consolidated Depreciation Expense		19,223			18,427			17,891			17,715
Consolidated Amortization Expense		1,881			1,816			1,777			1,684
Total Consolidated EBITDA (B)		21,750			20,945			24,565			29,922
Leverage Ratio (A) / (B)		3.56			3.44			3.30			2.63
		21,750			20,945			25,000			25,000
								3.238			3.145
Sensitivity - EBITDA room (3.25)		(2,084	)		(1,238	)		(344	)		5,732
Sensitivity - EBITDA room (3.50)		(382	)		346			1,435			7,460
Sensitivity - EBITDA room (3.75)		1,094			1,719			2,977			8,958
Sensitivity - EBITDA room (4.00)		2,385			2,921			4,326			10,268
Sensitivity - Consolidated Debt room (3.25)		(6,774	)		(4,024	)		(1,119	)		18,631
Sensitivity - Consolidated Debt room (3.50)		(1,336	)		1,212			5,022			26,111
Sensitivity - Consolidated Debt room (3.75)		4,101			6,448			11,163			33,592
Sensitivity - Consolidated Debt room (4.00)		9,538			11,684			17,304			41,072

Attachment (d)

Calgon Carbon Corporation
Financial Covenant Ratios

	Projected
Minimum Net Worth	3/31/2006		6/30/2006		9/30/2006		12/31/2006
Net Worth
Shareholder’s Equity Balance Sheet		164,991		168,327		169,845		171,546
Total Net Worth  @ $145,685,000 2/18/04		145,685		145,685		145,685		145,685
Net Income
Net Income: to the extent a positive number (each quarter after)		9,065		12,168		13,450		14,993
Total Net Income  @ 50% forward		4,533		6,084		6,725		7,497
Over (Under-Fail)		14,774		16,558		17,435		18,365

Attachment (d)

Calgon Carbon Corporation
Financial Covenant Ratios

	Projected
Asset Coverage Ratio	3/31/2006		6/30/2006		9/30/2006		12/31/2006
Coverage Assets
Add:
Accounts Receivable (85%) Balance Sheet		46,750		47,360		44,712		43,021
Inventory (50%) Balance Sheet		32,500		31,065		31,854		31,617
Net Property, Plant & Equipment (50%) Balance Sheet		50,088		49,135		49,204		49,688
Total Coverage Assets (A)		129,338		127,560		125,769		124,326
Consolidated Total Debt
Consolidated Total Debt (B)		77,460		72,094		80,956		78,616
Asset Coverage Ratio (A) / (B) Min 1.25		1.67		1.77		1.55		1.58
Sensitivity - Asset Room		32,513		37,443		24,574		26,056
Sensitivity - Debt Room		26,010		29,954		19,659		20,844

Attachment (e)

Calgon Carbon Corporation
Financial Covenant Ratios

Asset Coverage  Ratio	3/31/2006
Coverage Assets
Add:
Accounts Receivable (85%) Balance Sheet		49,235
Inventory (50%) Balance Sheet		34,787
Net Property, Plant & Equipment (50%) Balance Sheet		54,002
Total Coverage Assets (A)		138,024
Consolidated Total Debt
Consolidated Total Debt (B)		79,830
Asset Coverage Ratio (A) / (B) Min 1.25		1.73
Sensitivity - Asset Room		38,236
Sensitivity - Debt Room		30,589

Attachment (e)

Calgon Carbon Corporation
Financial Covenant Ratios

Leverage Ratio (Pricing Grid)	3/31/2006
Consolidated Total Debt:
Indebtedness:
Add:
Indebtedness for Borrowed Money (US Credit Facility)		68,574
BBL Europe Credit Facility		0
China Line of Credit		0
Bonds, Notes, Debentures		4,925
Deferred Purchase Price of Capital Assets per GAAP		0
US Letters of Credit (without duplication)		4,923
Foreign Bank Guarantees (without duplication)		5,755
All obligations for Banker’s Acceptances		0
2nd Party Indebtedness secured by property		0
Capitalized Lease Obligations		36
Present Value of Synthetic Leases		0
Net obligations under Hedge Agreements		0
Full Recourse A/R, Notes, etc.		0
Redeemable Stock		0
Guaranty Obligations		0
Subtract:
Consolidated Cash		4,383
Total Consolidated Debt (A)		79,830
Consolidated EBITDA:
Consolidated EBIT		(479	)
Add:
Consolidated Depreciation Expense		19,127
Consolidated Amortization Expense		1,920
Total Consolidated EBITDA (B)		20,568
Leverage Ratio (Max 4.00) (A) / (B)		3.88
Sensitivity - EBITDA room (3.25)		(3,995	)
Sensitivity - EBITDA room (3.50)		(2,241	)
Sensitivity - EBITDA room (3.75)		(720	)
Sensitivity - EBITDA room (4.00)		611
Sensitivity - Consolidated Debt room (3.25)		(12,984	)
Sensitivity - Consolidated Debt room (3.50)		(7,842	)
Sensitivity - Consolidated Debt room (3.75)		(2,700	)
Sensitivity - Consolidated Debt room (4.00)		2,442

Attachment (e)

Calgon Carbon Corporation
Financial Covenant Ratios

Fixed Charge Ratio	3/31/2006
Consolidated EBITDA:
Consolidated EBIT		(479	)
Add:
Consolidated Depreciation Expense		19,127
Consolidated Amortization Expense		1,920
Total Consolidated EBITDA (A)		20,568
Consolidated Cash Outlays:
Consolidated Interest Expense (A)		4,749
Cash Income Taxes paid		326
Principal Payments		89
Capital Expenditures		12,498
Dividends		2,378
Total Consolidated Cash Outlays (B)		20,040
Fixed Charges Ratio (A)/(B) (Min 1.10)		1.03
Sensitivity - EBITDA room		(1,476	)
Sensitivity - Cash Outlays room		(1,342	)

Attachment (e)

Calgon Carbon Corporation
Financial Covenant Ratios

Minimum Net Worth	3/31/2006
Net Worth
Shareholder’s Equity Balance Sheet		151,317
Total Net Worth @ $146,000,000		146,000
Net Income
Net Income: to the extent a positive number		0
Total Net Income @ 50% forward		0
Over (Under-Fail)		5,317

Attachment (f)

Calgon Carbon Corporation and Subsidiaries
Operating Loss Expirations
12/31/2006 - 3rd Qtr

All Operations

Jurisdication	Return Type		Carryfwd		2003		2004			2005			2006			2007			2008			2009			2010			2011
Federal		Cons.		20
Massachusetts		Separate		5				(130,576	)		(132,573	)		(57,012	)		(56,349	)		(65,930	)		(35,163	)		(147,078	)
Kentucky		Separate		20
Louisiana		Separate		15
Mississippi		Separate		20
New Jersey		Separate		7							(159,056	)		(221,614	)		(176,188	)		(56,425	)		(148,116	)					(76,014	)
New York		Separate		20
Ohio		Separate		20
Pennsylvania		Separate		20
Texas		Separate		5				(622,108	)		(536,272	)					(48,919	)		(283,412	)		(349,395	)		(1,503,725	)
West Virginia		Separate		20
Other								(51,869	)		(61,026	)		(6,360	)		(14,135	)		(27,822	)		(22,464	)		(180,154	)
State Total						0		(804,553	)		(888,927	)		(284,986	)		(295,591	)		(433,589	)		(555,138	)		(1,830,957	)		(76,014	)
Grand Total						0		(804,553	)		(888,927	)		(284,986	)		(295,591	)		(433,589	)		(555,138	)		(1,830,957	)		(76,014	)

Jurisdication	Return Type		Carryfwd		2012			2013			2014			2015			2016			2017			2018			2019			2020
Federal		Cons.		20																							(402,280	)		(6,964,416	)
Massachusetts		Separate		5														0
Kentucky		Separate		20																				(1,790,420	)					(1,424,155	)
Louisiana		Separate		15					(120,865	)		(209,809	)		(102,054	)		(26,554	)		(47,664	)		(120,344	)		(170,028	)		(521,283	)
Mississippi		Separate		20								(7,496,918	)														(8,082,493	)		(6,337,689	)
New Jersey		Separate		7		(362,078	)
New York		Separate		20																				(168,820	)		(168,760	)		(91,925	)
Ohio		Separate		20																				0			(195,519	)		(3,103	)
Pennsylvania		Separate		20																				(2,351,357	)		(2,056,272	)		(1,752,110	)
Texas		Separate		5
West Virginia		Separate		20																							(100,490	)		(270,916	)
Other									(31,670	)		(191,406	)		(171,919	)		(22,045	)		(56,171	)		(678,674	)		(694,048	)		(1,262,865	)
State Total						(362,078	)		(152,535	)		(7,898,133	)		(273,973	)		(48,599	)		(103,835	)		(5,109,615	)		(11,467,610	)		(11,664,046	)
Grand Total						(362,078	)		(152,535	)		(7,898,133	)		(273,973	)		(48,599	)		(103,835	)		(5,109,615	)		(11,869,890	)		(18,628,462	)

Jurisdication	Return Type		Carryfwd		2021			2022			2023			2024			2025			Total			Tax Rate		Tax Benefit
Federal		Cons.		20								(621,750	)					(14,035,487	)		(22,023,933	)		0.35		(7,708,377	)
Massachusetts		Separate		5																	(624,681	)
Kentucky		Separate		20		(76,111	)		(340,187	)		(1,277,493	)		(1,012,458	)		(2,864,172	)		(8,784,996	)
Louisiana		Separate		15																	(1,318,601	)
Mississippi		Separate		20		(24,781	)		(241,162	)		(635,870	)		(408,134	)		(1,681,941	)		(24,908,988	)
New Jersey		Separate		7																	(1,199,491	)
New York		Separate		20					(31,355	)		(102,205	)		(121,953	)		(384,886	)		(1,069,904	)
Ohio		Separate		20								(267,528	)		(495,189	)		(1,337,952	)		(2,299,291	)
Pennsylvania		Separate		20		(472,788	)		(884,604	)		(1,855,097	)		(1,385,536	)		(4,265,908	)		(15,023,672	)
Texas		Separate		5																	(3,343,831	)
West Virginia		Separate		20		(41,866	)		(186,949	)		(265,855	)		(200,649	)		(617,777	)		(1,684,502	)
Other						(99,464	)		(168,678	)		(334,062	)		(221,346	)		(1,228,488	)		(5,524,666	)
State Total						(715,010	)		(1,852,935	)		(4,738,110	)		(3,845,265	)		(12,381,124	)		(65,782,623	)		0.067/.65		(2,864,833	)
Grand Total						(715,010	)		(1,852,935	)		(5,359,860	)		(3,845,265	)		(26,416,611	)		(87,806,556	)

Summary

2003		2015	273,973
2004	804,553	2016	48,599
2005	888,927	2017	103,835
2006	284,986	2018	5,109,615
2007	295,591	2019	11,869,890
2008	433,589	2020	18,628,462
2009	555,138	2021	715,010
2010	1,830,957	2022	1,852,935
2011	76,014	2023	5,359,860
2012	362,078	2024	3,845,265
2013	152,535	2025	26,416,611
2014	7,898,133
		Subtotal	87,806,556

Valuation Allowance Summary

1994 Mississippi NOL	(7,496,918	)
Ohio NOL’s (due to law change)	(919,716	)
2003 Expired State NOL’s	0
2004 Expiring State NOL’s	(804,553	)
2005 Expiring State NOL’s	(888,927	)
2006 Expiring State NOL’s	(284,986	)
2007 Expiring State NOL’s	(295,591	)
2008 Expiring State NOL’s	(433,589	)
2009 Expiring State NOL’s	(555,138	)
2010 Expiring State NOL’s	(1,830,957	)
Total	(13,510,375	)
Effective State Rate	6.70	%
Valuation Allowance	(905,195	)
	65	%
Tax (Expense) / Benefit	(588,377	)
U. S. Federal NOLs	(1,338,326	)
UK water link acquistion of NOLs	(1,455,678	)
	(3,382,381	)

Calgon Carbon Corporation	Attachment (g)
NOL Utilization as of 6/30/2006

							Worldwide
Utilization of the NOL	US			German			NOL		Tax Effected
Sale of Bodenfelde		11,607,000			9,724,897			21,331,897
NOL Tax Effected			4,062,450			3,657,534				7,719,984
Hurricane Katrina Gain on Insurance Settlement		8,072,000
Gain Tax Effected			2,825,200
2006 NOL Utilization		19,679,000

Calgon Carbon Corporation	Attachment (h)
Recoverability of Net Deferred Assets

	2003			2004			2005
NET INCOME	$	4,485,000		$	5,888,000		$	(7,416,000	)
PERMANENT DIFFERENCES:
Meals & Entertainment		213,550			304,610			276,275
Gmbh Partnership Permanent Items		15,653			16,165			14,293
Non Deductible Dues		8,711			8,711			10,946
Officer Life Insurance		3,609			3,609
Foreign Dividend								253,857
Dividend Repatriation-Disallowed Exp								7,391
Dividend Repatriation- Withholding								74,375
Dividend Repatriation (Net of DRD)								846,391
Penalties and Fines		113			214			12,784
China Royalty		16,667			16,667			16,667
CFE Equity Interest
ETI Benefit		(2,100,000	)		(2,885,071	)		(1,158,703	)
TOTAL PERMANENT DIFFERENCES	$	(1,841,697	)	$	(2,535,095	)	$	354,276
NON-RECURRING ITEMS
CFO Severance	$	1,825,000
BSC Integration Expenses					1,100,000
Sutcliffe Speakman Loan – loss on foreign exchange					600,000
PRP Insurance Deductible								1,000,000
Pension Curtailment								818,000
Restructuring		500,000						4,274,389
UV Patent Legal Fees								3,900,000
Discontinued Operations								(4,726,370	)
TOTAL NON-RECURRING ITEMS		2,325,000			1,700,000			5,266,019
Net Income	$	4,485,000		$	5,888,000		$	(7,416,000	)
Permanent Items		(1,841,697	)		(2,535,095	)		354,276
Non-Recurring Items		2,325,000			1,700,000			5,266,019
Income After Add-Backs	$	4,968,303		$	5,052,905		$	(1,795,705	)
Total 3 Year Cumulative Income							$	8,225,503

Attachment (i)

Calgon Carbon Corporation and Subsidiaries
Consolidated Analysis of Tax Reserve Exposure Items
Ending Balances for 2003 thru 6/30/2006

			Ending Balance 12/31/02		Increase/ (Decrease)			Ending Balance 12/31/2003		Increase/ (Decrease)			Ending Balance 12/31/2004		Increase/ (Decrease)
Company		Description
Federal Income Taxes
	(1)	956 exposure on Canadian Controlled Foreign Corporation (CFC)	$	2,670,927	$	2,287,795	(a)	$	4,958,722	$	(2,379,725	)(e)	$	2,578,997	$	—
	(2)	Subpart F exposure on the Controlled Foreign Corporation (CFC)		59,500					59,500		(59,500	)(c)
	(3)	Transfer pricing policies		1,547,000					1,547,000		(1,455,099	)(c)		91,901
	(4)	Additional tax gain taken on Brilon-Wald facility		2,228,870					2,228,870		(262,680	)(d)		1,966,190		(1,877,712	)(d)
	(5)	ETI TxT Calc. (Vertical vs. Horizontal)									998,069	(5)		998,069		(279,672	)(c)
	(6)	China pressroom know how									91,875	(6)		91,875
	(7)	Research and Development Credits				595,000	(7)		595,000		(60,714	)(c)		534,286
	(8)	Reserves not taken as schedule M’s on GmbH		59,500					59,500		(59,500	)(c)
	(9)	China asset gain		238,000					238,000		(238,000	)(c)
	(10)	263A for Inventory		238,000					238,000		(220,150	)(c)		17,850
	(11)	Fixed assets (book basis 265k, tax basis 289k)		119,000					119,000		(40,250	)(c)		78,750
	(12)	Capital Loss Carryforward				78,659	(12)		78,659		(16,936	)(c)		61,723
	(13)	Fixed assets (book basis 36k, tax basis 53k)		29,750					29,750		49,000	(13)		78,750
	(14)	Related party interest									380,959	(14)		380,959
				7,190,547		2,961,454			10,152,001		(3,272,651	)		6,879,350		(2,157,384	)
State / Provincial Income Taxes
	(15)	Mississippi separate accounting / NOL		714,000					714,000		(714,000	)(c)
	(16)	New York intercompany charges / NOL		11,900					11,900		(11,900	)(c)
	(17)	Michigan return errors / NOL		29,750					29,750		(29,750	)(c)
	(18)	Ohio return errors / NOL		29,750					29,750		(29,750	)(c)
	(19)	Separate state returns - MBFC financing		29,750		89,250	(b)		119,000		(119,000	)(f)
	(20)	Intercompany transaction and state nexus reserve		11,900					11,900		3,850	(f)		15,750
				827,050		89,250			916,300		(900,550	)		15,750		—
Totals			$	8,017,597	$	3,050,704		$	11,068,301	$	(4,173,201	)	$	6,895,100	$	(2,157,384	)

			Ending Balance 9/30/2005		Ending Balance 12/31/2005		Ending Balance 6/30/2006
Company		Description
Federal Income Taxes
	(1)	956 exposure on Canadian Controlled Foreign Corporation (CFC)	$	2,578,997	$	2,578,997	$	2,578,997
	(2)	Subpart F exposure on the Controlled Foreign Corporation (CFC)
	(3)	Transfer pricing policies		91,901		91,901		91,901
	(4)	Additional tax gain taken on Brilon-Wald facility		88,478		88,478		88,478
	(5)	ETI TxT Calc. (Vertical vs. Horizontal)		718,397		718,397		718,397
	(6)	China pressroom know how		91,875		91,875		91,875
	(7)	Research and Development Credits		534,286		534,286		534,286
	(8)	Reserves not taken as schedule M’s on GmbH
	(9)	China asset gain
	(10)	263A for Inventory		17,850		17,850		17,850
	(11)	Fixed assets (book basis 265k, tax basis 289k)		78,750		78,750		78,750
	(12)	Capital Loss Carryforward		61,723		61,723		61,723
	(13)	Fixed assets (book basis 36k, tax basis 53k)		78,750		78,750		78,750
	(14)	Related party interest		380,959		380,959		380,959
				4,721,966		4,721,966		4,721,966
State / Provincial Income Taxes
	(15)	Mississippi separate accounting / NOL
	(16)	New York intercompany charges / NOL
	(17)	Michigan return errors / NOL
	(18)	Ohio return errors / NOL
	(19)	Separate state returns - MBFC financing
	(20)	Intercompany transaction and state nexus reserve		15,750		15,750		15,750
				15,750		15,750		15,750
Totals			$	4,737,716	$	4,737,716	$	4,737,716

(1)- Exposure due to a controlled foreign corporation (CFC) having intercompany receivables.

(2)-When a company has a deemed dividend and does not have enough earnings and profits to cover the dividend, the company is considered to be in a net receivable position. The reserve is set up to account for the tax that would be assessed on these transactions.

(3)-Exposure due to transfer pricing policies.

(4)- The tax gain on the sale of the German Brilon Wald plant was lower than the book gain, thus causing a favorable adjustment. This contributed to an increase in the calculation of an NOL. This reserve was set up until the NOLs were taken and the statutes expired against their usage.

(5)- Reserve against using an aggressive form of calculating the ETI deduction. The Company had been using the vertical calculation method through 2004, which was considered the more aggressive method calculation. The company then switched to the more conservative horizontal calculation and an accrual did not have to be increased. Decreases due to statute expirations.

(6)- Basis difference from the Company determining a value rather than having a formal valuation performed on the assets.

(7)- Reserve set up due to an aggressive utilization of credits on the federal return. The Company is waiting for the statute to expire to release the reserve.

(8)- Error computing taxable income, adjustments were not included in income for various accruals.

(9)- Calgon Carbon Corporation shipped refurbished assets to China, and there was not a formal valuation performed to assess the value. Calgon Carbon Corporation determined the value of the assets rather than a formal appraiser.

(10)- Reserve set up for not properly calculating the unicap deduction for inventory. The Company has since adopted using the unicap method of capitalizing inventory. Eventually the statute will expire for the time period of not calculating the unicap inventory properly.

(11)- Difference in book and tax basis of depreciable assets attributable to purchase accounting.

(12)- Capital loss taken on sale of prior CFO’s house attributable to purchase accounting. The treatment of the loss may be considered aggressive from a federal standpoint.

(13)- Difference in book and tax basis of depreciable assets attributable to purchase accounting.

(14)-The reserve is set up due to at one time aggressively deducting related party interest. Going forward, a more conservative treatment of related party interest has been enacted. In the future, it will not be taken as a deduction. The Company is waiting for the statute to expire.

(15)- Mississippi using separate accounting as opposed to apportionment.

(16)- Calgon Carbon Corporation was not filing a combined return in NY.

(17)- Possible computation errors on a Michigan return due to intercompany transactions and state add back modifications.

(18)-Possible computation errors on an Ohio return due to intercompany transactions and state add back modifications.

(19)- Exposure due to intercompany financing transactions.  Properly reclassified as related party interest going forward.

(20)- Reserve set up for exposure on computation issues due to intercompany transactions, state nexus issues, and apportionment issues.

(a) Increase in reserve due to increase of the CFC’s intercompany receivable, thus increasing the amount of tax owed on the receivable balance if not limited by an increase in earnings and profits.

(b) Increase due to modification of state add backs for related party interest.

(c) Tax Statute Expiration

(d)This item contributed to the 1998 NOL (including recent amended returns) of $9,331,788. $8.9 million of this NOL was used in 2001 and $0.4 million was used in 2002.  Based on the NOL utilization, a portion of this exposure item was removed in 9/15/2005.

(e) Decrease due to the CFC’s earnings and profits limiting the intercompany CFC receivable that should have been deemed as income.

(f) Change in estimate due to additional transactions in the states.

Attachment (j)

CALGON CARBON CONSOLIDATED
SALES SUMMARY BY SEGMENT AND SUBSEGMENT
FOURTH QUARTER

	2005					Plan														2004
											FX			Price/ Volume			‘05 vs Plan F/(U)								FX			Price/ Volume			‘05 vs ‘04 F/(U)
	Sales		PGM %			Sales		PGM %												Sales		PGM %
Carbon	$	34.5		31.6	%	$	34.3		38.9	%	$	(0.9	)	$	1.1		$	0.2		$	34.2		36.5	%	$	(0.8	)	$	1.1		$	0.3
Service		26.2		37.1	%		28.1		42.1	%		(0.7	)		(1.2	)		(1.9	)		27.4		47.4	%		(0.6	)		(0.5	)		(1.2	)
Carbon & Service	$	60.8		34.0	%	$	62.5		40.3	%	$	(1.6	)	$	(0.1	)	$	(1.7	)	$	61.6		41.4	%	$	(1.5	)	$	0.6		$	(0.9	)
Carbon	$	3.4		15.5	%	$	4.0		26.5	%	$	—		$	(0.6	)	$	(0.6	)	$	4.5		31.4	%	$	—		$	(1.1	)	$	(1.1	)
UV		1.0		32.2	%		1.6		34.1	%		0.0			(0.7	)		(0.6	)		1.5		42.8	%		(0.0	)		(0.4	)		(0.5	)
ISEP		2.5		39.0	%		3.6		25.0	%		(0.2	)		(1.0	)		(1.1	)		5.3		22.5	%		(0.2	)		(2.7	)		(2.9	)
Odor Control		1.5		26.9	%		1.3		28.4	%		—			0.2			0.2			1.3		19.6	%		—			0.2			0.2
Solvent Recovery		1.9		36.9	%		1.3		26.4	%		—			0.6			0.6			3.0		19.4	%		—			(1.1	)		(1.1	)
Equipment	$	10.3		28.4	%	$	11.9		27.3	%	$	(0.1	)	$	(1.5	)	$	(1.6	)	$	15.6		26.2	%	$	(0.2	)	$	(5.1	)	$	(5.3	)
Carbon Cloth	$	1.6		40.5	%	$	3.7		43.4	%	$	(0.2	)	$	(1.9	)	$	(2.1	)	$	2.1		45.5	%	$	(0.1	)	$	(0.4	)	$	(0.5	)
Charcoal		4.1		29.5	%		3.8		35.2	%		(0.4	)		0.7			0.3			4.4		30.9	%		(0.4	)		0.2			(0.2	)
Home Products		1.3		25.9	%		2.3		35.2	%		—			(1.0	)		(1.0	)		1.5		39.7	%		—			(0.2	)		(0.2	)
Consumer	$	7.1		31.4	%	$	9.9		38.3	%	$	(0.5	)	$	(2.2	)	$	(2.8	)	$	8.0		36.4	%	$	(0.5	)	$	(0.4	)	$	(0.9	)
CCC CONSOLIDATED	$	78.1		33.0	%	$	84.2		38.3	%	$	(2.3	)	$	(3.8	)	$	(6.1	)	$	85.2		38.1	%	$	(2.2	)	$	(4.8	)	$	(7.1	)

Attachment (j)

AMERICAS SALES SUMMARY BY SEGMENT AND SUBSEGMENT
FOURTH QUARTER

	2005					Plan										‘05 vs Plan F/(U)			2004
											FX		Price/ Volume														Price/ Volume			‘05 vs ‘04 F/(U)
	Sales		PGM %			Sales		PGM %											Sales		PGM %			FX
Carbon	$	20.5		29.1	%	$	19.3		38.2	%	$	0.1	$	1.1		$	1.2		$	20.7		35.7	%	$	0.0		$	(0.3	)	$	(0.3	)
Service		18.1		30.6	%		18.7		41.4	%		0.1		(0.7	)		(0.6	)		19.2		42.8	%		0.0			(1.2	)		(1.1	)
Carbon & Service	$	38.5		29.8	%	$	38.0		39.8	%	$	0.2	$	0.4		$	0.6		$	39.9		39.1	%	$	0.0		$	(1.4	)	$	(1.4	)
Carbon		3.4		15.5	%		4.0		26.5	%		—		(0.6	)		(0.6	)		4.5		31.3	%		—			(1.1	)		(1.1	)
UV		1.0		32.2	%		1.6		34.1	%		0.0		(0.7	)		(0.6	)		1.5		42.8	%		(0.0	)		(0.4	)		(0.5	)
ISEP		0.7		13.8	%		0.7		31.8	%		—		(0.0	)		(0.0	)		3.1		19.0	%		—			(2.4	)		(2.4	)
Odor Control		1.5		26.9	%		1.3		28.4	%		—		0.2			0.2			1.3		19.6	%		—			0.2			0.2
Solvent Recovery		1.9		36.9	%		1.3		26.4	%		—		0.6			0.6			3.0		19.4	%		—			(1.1	)		(1.1	)
Equipment	$	8.5		24.1	%	$	9.0		28.6	%	$	0.0	$	(0.5	)	$	(0.5	)	$	13.4		25.9	%	$	(0.0	)	$	(4.8	)	$	(4.9	)
Carbon Cloth		0.1		73.8	%		0.3		50.2	%		—		(0.2	)		(0.2	)		0.1		65.6	%		—			0.0			0.0
Home Products		1.3		25.9	%		2.3		35.2	%		—		(1.0	)		(1.0	)		1.5		39.7	%		—			(0.2	)		(0.2	)
Consumer	$	1.4		29.2	%	$	2.6		36.7	%	$	—	$	(1.2	)	$	(1.2	)	$	1.6		41.2	%	$	—		$	(0.2	)	$	(0.2	)
AMERICAS TOTAL	$	48.5		28.8	%	$	49.5		37.6	%	$	0.2	$	(1.2	)	$	(1.1	)	$	54.9		36.0	%	$	(0.0	)	$	(6.5	)	$	(6.5	)

Attachment (j)

EUROPE SALES SUMMARY BY SEGMENT AND SUBSEGMENT
FOURTH QUARTER

	2005					Plan															2004
												FX			Price/ Volume			‘05 vs Plan F/(U)								FX			Price/ Volume			‘05 vs ‘04 F/(U)
	Sales		PGM %			Sales			PGM %												Sales		PGM %
Carbon	$	10.0		34.7	%	$	11.4			38.7	%	$	(1.0	)	$	(0.4	)	$	(1.4	)	$	10.3		36.8	%	$	(0.9	)	$	0.5		$	(0.3	)
Service		8.1		51.5	%		9.4	��		43.3	%		(0.8	)		(0.4	)		(1.2	)		8.2		58.1	%		(0.6	)		0.6			(0.0	)
Carbon & Service	$	18.1		42.3	%	$	20.7			40.8	%	$	(1.8	)	$	(0.8	)	$	(2.6	)	$	18.5		46.2	%	$	(1.5	)	$	1.2		$	(0.3	)
Carbon		—		0.0	%		—			0.0	%		—			—			—			—		0.0	%		—			—			—
ISEP		1.5		45.6	%		2.2			19.2	%		(0.2	)		(0.6	)		(0.7	)		1.7		32.2	%		(0.2	)		(0.0	)		(0.2	)
Solvent Recovery		—		0.0	%		—			0.0	%		—			—			—			—		0.0	%		—			—			—
Equipment	$	1.5		45.6	%	$	2.2			19.2	%	$	(0.2	)	$	(0.6	)	$	(0.7	)	$	1.7		32.2	%	$	(0.2	)	$	(0.0	)	$	(0.2	)
Carbon Cloth		1.5		38.4	%		3.5			42.9	%		(0.2	)		(1.7	)		(1.9	)		2.0		44.6	%		(0.1	)		(0.4	)		(0.5	)
Charcoal		4.1		29.5	%		3.8			35.2	%		(0.4	)		0.7			0.3			4.4		30.9	%		(0.4	)		0.2			(0.2	)
Consumer	$	5.7		31.9	%	$	7.3			38.8	%	$	(0.5	)	$	(1.1	)	$	(1.6	)	$	6.4		35.2	%	$	(0.5	)	$	(0.2	)	$	(0.7	)
EUROPE TOTAL	$	25.3		40.2	%	$	30.2			38.8	%	$	(2.5	)	$	(2.4	)	$	(4.9	)	$	26.5		42.7	%	$	(2.2	)	$	1.0		$	(1.2	)

Attachment (j)

ASIA SALES SUMMARY BY SEGMENT AND SUBSEGMENT
FOURTH QUARTER

	2005						Plan													2004
														Price/ Volume			‘05 vs Plan F/(U)								FX		Price/ Volume			‘05 vs ‘04 F/(U)
	Sales			PGM %			Sales		PGM %			FX								Sales		PGM %
Asia	$	2.2			46.1	%	$	2.8		44.9	%	$	—		(0.6	)	$	(0.6	)	$	1.3		39.1	%	$	—	$	0.9		$	0.9
CMCC		1.8			24.6	%		0.9		37.0	%		—		0.9			0.9			1.9		42.3	%		—		(0.1	)		(0.1	)
Service		0.0			71.8	%		0.1		63.1	%		—		(0.1	)		(0.1	)		0.0		67.7	%		—		0.0			0.0
Carbon & Service	$	4.1			36.6	%	$	3.8		43.4	%	$	—	$	0.3		$	0.3		$	3.2		41.2	%	$	—	$	0.9		$	0.9
Carbon	$	(0.0	)		0.0	%	$	—		0.0	%			$	(0.0	)	$	(0.0	)	$	0.0		56.3	%			$	(0.0	)	$	(0.0	)
ISEP		0.3			65.7	%		0.7		36.1	%				(0.4	)		(0.4	)		0.5		12.1	%				(0.2	)		(0.2	)
Solvent Recovery		—			0.0	%		—		0.0	%		—		—			—			—		0.0	%		—		—			—
Equipment	$	0.3			61.8	%	$	0.7		36.1	%	$	—	$	(0.4	)	$	(0.4	)	$	0.5		13.4	%	$	—	$	(0.2	)	$	(0.2	)
ASIA TOTAL	$	4.4			38.2	%	$	4.5		42.3	%	$	—	$	(0.1	)	$	(0.1	)	$	3.7		37.3	%	$	—	$	0.6		$	0.6

Attachment (j)

PGM RECONCILIATION - 4Q ACTUAL vs. PLAN
Global Cap Variance and Consumer + Americas Carbon, Service, and Equipment
Largely Contributed to Quarter Margin Shortfall vs. Plan

	Americas			Asia			Europe			Consolidated
4Q 2005 Actual PGM%		28.8	%		38.2	%		40.2	%		33.0	%
4Q 2005 Actual PGM $	$	13,956		$	1,667		$	10,163		$	25,786
4Q 2005 Plan PGM%		37.6	%		42.3	%		38.8	%		38.3	%
4Q 2005 Plan PGM $	$	18,623		$	1,905		$	11,710		$	32,238
Actual vs Plan PGM Variance	$	(4,667	)	$	(238	)	$	(1,547	)	$	(6,452	)
Profit in Inventory CMCC		—			(291	)		—			(291	)
CMCC Volume		—			347			—			347
Cap Variance		(1,764	)		—			(431	)		(2,195	)
Equipment		(412	)		(82	)		325			(169	)
Carbon/Service Price/Mix		(1,136	)		(318	)		832			(622	)
Carbon/Service Product Volume		689			125			(352	)		462
Carbon/Service Freight		(186	)		—			—			(186	)
Mesa Consolidated Water		(96	)		—			—			(96	)
Media Sales		(156	)		—			—			(156	)
Consumer Volume		(470	)		—			(514	)		(984	)
Consumer Mix		—			—			(440	)		(440	)
FX Impact on US Sourced Product		—			—			(967	)		(967	)
Other		(1,136	)		(19	)		—			(1,155	)
PGM Variance Fav/(Unfav)	$	(4,667	)	$	(238	)	$	(1,547	)	$	(6,452	)

Attachment (j)

PGM RECONCILIATION - Y-T-D ACTUAL vs. PLAN
Americas/Asia Carbon, Service and Cap Variance + Europe’s Consumer
Largely Contributed to Y-T-D Margin Shortfall vs. Plan

	Americas			Asia			Europe			Consolidated
Y-T-D 2005 Actual PGM%		32.6	%		44.8	%		36.7	%		34.6	%
Y-T-D 2005 Actual PGM $	$	64,993		$	6,395		$	44,485		$	115,873
Y-T-D 2005 Plan PGM%		38.2	%		47.2	%		36.4	%		38.0	%
Y-T-D 2005 Plan PGM $	$	80,007		$	8,050		$	46,339		$	134,396
Actual vs Plan PGM Variance	$	(15,014	)	$	(1,655	)	$	(1,854	)	$	(18,523	)
Profit in Inventory CMCC		—			(162	)		—			(162	)
CMCC Volume		—			(327	)		—			(327	)
Cap Variance		(5,183	)		—			1,141			(4,042	)
Equipment		(42	)		(454	)		409			(87	)
Carbon/Service Price/Mix		(4,349	)		(1,336	)		398			(5,287	)
Carbon/Service Product Volume		(2,406	)		788			653			(965	)
Carbon/Service Freight		1,072			—			—			1,072
Mesa Consolidated Water		(882	)		—			—			(882	)
Media Sales		(530	)		—			—			(530	)
Consumer Volume		(152	)		—			(902	)		(1,054	)
Consumer Mix		—			—			(1,283	)		(1,283	)
FX Impact on US Sourced Product		—			—			(2,270	)		(2,270	)
Other		(2,542	)		(164	)		—			(2,706	)
PGM Variance Fav/(Unfav)	$	(15,014	)	$	(1,655	)	$	(1,854	)	$	(18,523	)

Attachment (j)

PGM RECONCILIATION -  4Q 2005 vs. 4Q 2004
Unfavorable Americas Carbon/Service Price/Mix, Volume, Equipment, and
Global Cap Variance Result in Lower Profit Margins vs. 2004

	Americas			Asia			Europe			Consolidated
4Q 2005 Actual PGM%		28.8	%		38.2	%		40.2	%		33.0	%
4Q 2005 Actual PGM $	$	13,956		$	1,667		$	10,163		$	25,786
4Q 2004 Actual PGM%		36.0	%		37.3	%		42.7	%		38.1	%
4Q 2004 Actual PGM $	$	19,745		$	1,395		$	11,327		$	32,467
Actual vs 2004 PGM Variance	$	(5,789	)	$	272		$	(1,164	)	$	(6,681	)
Profit in Inventory CMCC		—			(300	)		—			(300	)
CMCC Volume		—			(122	)		—			(122	)
Norit CPF Impact		—			—			—			—
Cap Variance		(1,460	)		—			(1,104	)		(2,564	)
Equipment		(1,335	)		103			619			(613	)
Carbon/Service Price/Mix		(797	)		(302	)		(732	)		(1,831	)
Carbon/Service Product Volume		(1,031	)		738			2,317			2,024
Carbon/Service Freight Cost		(408	)		—			—			(408	)
Consumer Volume		(164	)		—			(77	)		(241	)
Consumer Mix		—			—			(250	)		(250	)
FX Impact on US Sourced Product		—			—			(1,937	)		(1,937	)
Other		(594	)		155			—			(439	)
PGM Variance Fav/(Unfav)	$	(5,789	)	$	272		$	(1,164	)	$	(6,681	)

Attachment (j)

PGM RECONCILIATION -  Y-T-D 2005 vs. Y-T-D 2004
Unfavorable Americas Carbon/Service Price/Mix, Volume, Freight, and
Cap Variance Result in Lower Profit Margins vs. 2004

	Americas			Asia			Europe			Consolidated
Y-T-D 2005 Actual PGM%		32.6	%		44.8	%		36.7	%		34.6	%
Y-T-D 2005 Actual PGM $	$	64,993		$	6,395		$	44,485		$	115,873
Y-T-D 2004 Actual PGM%		37.5	%		44.5	%		38.2	%		38.1	%
Y-T-D 2004 Actual PGM $	$	78,387		$	7,593		$	42,167		$	128,147
Actual vs 2004 PGM Variance	$	(13,394	)	$	(1,198	)	$	2,318		$	(12,274	)
Profit in Inventory CMCC		—			(499	)		—			(499	)
CMCC Volume		—			(553	)		—			(553	)
Norit CPF Impact		491			—			—			491
Cap Variance		(3,248	)		—			780			(2,468	)
Equipment		1,207			(1,962	)		1,050			295
Carbon/Service Price/Mix		(4,640	)		(802	)		(2,010	)		(7,452	)
Carbon/Service Product Volume		(4,970	)		2,620			5,376			3,026
Carbon/Service Freight Cost		(2,871	)		—			—			(2,871	)
Consumer Volume		550			—			1,358			1,908
Consumer Mix		—			—			(1,775	)		(1,775	)
FX Impact on US Sourced Product		—			—			(2,461	)		(2,461	)
Other		87			(2	)		—			85
PGM Variance Fav/(Unfav)	$	(13,394	)	$	(1,198	)	$	2,318		$	(12,274	)

Attachment (j)

Capitalized Variance in 2005

F / (U)

	2005 Actual						2005 Plan						2004 Actual
	4th Qtr			YTD			4th Qtr			YTD			4th Qtr			YTD
Capitalized Variance Inc/(Exp)	$	(2,255	)	$	(2,512	)	$	(60	)	$	1,530		$	309		$	(44	)
Pension/Benefits		328			1,701			—			—			56			(784	)
Manufacturing Variance		(1,177	)		(2,221	)		—			376			560			1,589
Inventory Revaluation		(809	)		1,494			—			1,684			(7	)		(1,079	)
Physical Inv Loss Accrual		(138	)		(499	)		(120	)		(437	)		(30	)		(351	)
Purchase Price Variance		(458	)		(2,986	)		60			(93	)		(270	)		581
Capitalized Variance Inc/(Exp)	$	(2,255	)	$	(2,512	)	$	(60	)	$	1,530		$	309		$	(44	)

Attachment (j)

Calgon Carbon Corporation
Operating Expense Analysis-Consolidated

	2005 Actual						2005 Plan *						2004 Actual *
	4Q			YTD			4Q			YTD			4Q			YTD
Operating Expense	$	18,653		$	68,195		$	15,971		$	62,910		$	16,285		$	62,114
Salaries and Indirect Labor		6,157			25,955			6,861			27,797			6,305			25,358
Benefits		3,014			10,646			2,512			10,207			2,146			8,598
Severance		153			1,329			—			—			—			226
Bonus		635			2,246			576			2,307			71			782
T&E		704			3,002			1,017			3,939			789			3,442
Insurance		700			3,883			688			2,804			464			2,336
Legal Expense		2,757			6,171			701			2,816			1,075			3,360
Outside Services		2,879			8,198			1,611			6,644			2,303			7,319
Bad Debt Expense		83			461			160			645			(125	)		270
Public Company Expense		(54	)		539			101			585			233			757
Exchange		—			—			306			676			236			(59	)
Sutcliffe Speakman		—			—			—			—			753			2,430
Cost transfers		(1,477	)		(5,928	)		(1,867	)		(7,555	)		(1,204	)		(4,720	)
Other		3,102			11,694			3,305			12,045			3,239			12,013
Operating Expense	$	18,653		$	68,195		$	15,971		$	62,910		$	16,285		$	62,114

* Amounts converted at 2005 f/x rates

Attachment (j)

Loss on Fixed Assets & Bank Fees higher than Plan & Prior Year.

But YTD Savings vs. Prior Year in Total.

	2005 Actual						2005 Plan						2004 Actual
	4th Qtr			YTD			4th Qtr			YTD			4th Qtr			YTD
Other (Income)/Expense	$	1,336		$	4,058		$	1,047		$	3,909		$	1,152		$	5,284
F/X Losses on UK Intercompany Loan		—			—			—			—			—			593
Other Foreign Exchange (Gains)/Losses		(2	)		139			—			—			124			409
Marsh Insurance Settlement		—			(101	)		—			—			—			—
Gain on Technology Transfer to JV		—			(90	)		—			—			—			—
Dept. of Army Invoices		—			(63	)		—			—			—			—
Non-Income Tax Expense		85			715			250			981			112			920
Bank Fees		418			1,345			246			983			292			1,043
Royalty (Income)/Credit		(158	)		(220	)		(101	)		(405	)		(68	)		(233	)
Sale of Columbus Property		—			(240	)		—			—			—			—
Other (Gain)/Loss on Fixed Assets		549			800			—			—			58			335
Intangible Amortization		485			1,967			568			2,210			564			2,113
Other		(41	)		(194	)		84			140			70			104
Other (Income)/Expense	$	1,336		$	4,058		$	1,047		$	3,909		$	1,152		$	5,284

Attachment (j)

Significant Improvements made with Accounts Payable.
Poor Operating Results and Other Working Capital Mgmt.
Continue To Hold Operating Cash Flow Below Plan for 4Q05

	Fourth Quarter
	2005 Act.			2005 Plan			2004 Act.
Operating Cash Flow	$	3,755		$	6,313		$	5,342
Net income (loss)		(5,484	)		1,164			922
Depreciation & Amort.		5,191			5,511			6,314
Non-Cash Curtailment Loss & Restr. Write Downs		603			—			—
(Earnings) loss in Joint Venture		1,745			(276	)		(152	)
Pension provisions		719			1,028			1,609
(Incr)/decr in receivables		(6,117	)		3,138			(31	)
(Incr)/decr in inventory		(7,113	)		(3,320	)		(4,330	)
(Incr)/decr in other current assets		(354	)		427			4,028
(Decr) in restructuring reserve		(514	)		(130	)		135
Incr/(decr) in A/P & accrl		16,601			(823	)		622
Incr/(decr) in accr. inc. tax		142			239			(1,262	)
Incr/(decr) in def. inc. tax		(2,666	)		(356	)		(3,253	)
Other		1,002			(289	)		740
Operating Cash Flow	$	3,755		$	6,313		$	5,342

Attachment (j)

Improvements made with Accts. Payable & Other Current Assets
Poor Operating Results and Inventory Management
Continue To Hold Operating Cash Flow Below Plan as of 12/31

	Year To Date
	2005 Act.			2005 Plan			2004 Act.
Operating Cash Flow	$	9,135		$	33,220		$	20,074
Net income (loss)		(6,343	)		8,470			5,888
Depreciation & Amort.		22,062			22,759			23,126
Non-Cash Curtailment Loss & Restr. Write Downs		2,976			—			—
(Earnings) loss in Joint Venture		979			(723	)		(1,000	)
Pension provisions		4,046			4,696			4,580
(Incr)/decr in receivables		513			4,806			(3,469	)
(Incr)/decr in inventory		(13,009	)		(3,200	)		(2,076	)
(Incr)/decr in other current assets		2,957			(1,081	)		1,410
(Decr) in restructuring reserve		(907	)		(379	)		(336	)
Incr/(decr) in A/P & accrl		6,039			(2,583	)		(1,096	)
Incr/(decr) in accr. inc. tax		(1,953	)		285			(1,510	)
Incr/(decr) in def. inc. tax		(5,394	)		(862	)		(2,357	)
Other		(2,831	)		1,032			(3,086	)
Operating Cash Flow	$	9,135		$	33,220		$	20,074

Attachment (j)

Selected Working Capital Trends

		Jan		Feb		Mar		Apr		May		Jun		Jul		Aug		Sep		Oct		Nov		Dec
DSO	2005		60		67		65		65		61		61		62		66		64		64		65		62
	2004		52		66		61		58		64		63		60		63		70		73		64		61
Inventory Turns	2005		4.1		3.8		3.8		3.9		4.0		4.1		4.0		3.9		3.9		3.8		3.6		3.6
	2004		3.8		3.4		3.5		3.7		3.8		4.0		4.1		4.1		4.2		4.2		4.2		4.1

Attachment (j)

Calgon Carbon Corporation
2005 Bonus Metrics
(in 000’s) USD

	Per Consolidation
	12/31/05 Actual *									12/31/05 Plan
	Americas/ Asia			Europe			CCC			Americas/ Asia			Europe			CCC
Operating Income	$	(14,379	)	$	11,368		$	(3,011	)	$	7,650		$	11,019		$	18,669
Operating Cash Flow	$	(247	)	$	10,310		$	10,062		$	24,776		$	8,452		$	33,228
NOPAT	$	(8,943	)	$	6,146		$	(2,797	)	$	4,797		$	6,393		$	11,190
Beg. Capital Employed	$	200,941		$	51,530		$	252,471		$	194,235		$	56,733		$	250,968
End. Capital Employed	$	190,382		$	46,104		$	236,485		$	180,368		$	58,985		$	239,353
Avg. Capital Employed	$	195,661		$	48,817		$	244,478		$	187,302		$	57,859		$	245,161
ROIC (NOPAT/Avg. Cap. Employed)		-4.6	%		12.6	%		-1.1	%		2.6	%		11.0	%		4.6	%

* - December 2005 Actual Metrics have been adjusted to eliminate the impact of the Restructuring Charge and Leadership Bonus Reversals.

(a) - Capital Employed = Total Shareholders Equity plus S-T & L-T Debt.

Attachment (j)

Calgon Carbon Corporation

Segment Data - Continuing Operations:

Segment Sales	4Q05			4Q04			YTD 2005			YTD 2004
Carbon and Service		60,767			61,626			241,934			245,500
Equipment		7,536			11,489			36,867			39,936
Consumer		2,956			3,626			12,034			10,441
Total Sales (thousands)	$	71,259		$	76,741		$	290,835		$	295,877
Segment Operating Income (loss)*	4Q05			4Q04			YTD 2005			YTD 2004
Carbon and Service		2,637			7,337			16,009			32,317
Equipment		(3,049	)		(688	)		(5,255	)		(2,209	)
Consumer		(315	)		546			(302	)		(98	)
Total Income (Loss) from continuing operations (thousands)	$	(727	)	$	7,195		$	10,452		$	30,010

*Before depreciation, amortization, and restructuring charges

Attachment (j)

CALGON CARBON  -  BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	Current Month Actual									Current Month Plan								Variations
	SALES			PGM			PGM%			SALES		PGM			PGM%			SALES			%			PGM			%
Americas Carbon	$	6,964		$	1,425			20.5	%	$	5,502	$	2,107			38.3	%	$	1,462			26.6	%	$	(682	)		-32.4	%
Americas Service		6,371			1,655			26.0	%		5,542		2,262			40.8	%		829			15.0	%		(607	)		-26.8	%
Americas Carbon & Service		13,334			3,080			23.1	%		11,044		4,369			39.6	%		2,290			20.7	%		(1,289	)		-29.5	%
Carbon Equipment		965			(49	)		-5.1	%		1,251		332			26.5	%		(286	)		-22.8	%		(381	)		-114.7	%
UV		353			150			42.4	%		465		159			34.2	%		(112	)		-24.0	%		(9	)		-5.7	%
ISEP		222			(26	)		-11.5	%		211		68			32.2	%		11			5.4	%		(94	)		-137.7	%
Municipal Odor		730			245			33.6	%		428		121			28.3	%		302			70.6	%		124			102.9	%
Solvent Recovery		792			322			40.6	%		417		114			27.3	%		375			89.9	%		208			182.1	%
Americas Equipment		3,063			643			21.0	%		2,772		794			28.6	%		291			10.5	%		(151	)		-19.1	%
CCI US		(11	)		(11	)		100.7	%		103		51			49.5	%		(114	)		-111.0	%		(62	)		-122.3	%
Homewellness		192			32			16.8	%		455		160			35.2	%		(263	)		-57.7	%		(128	)		-79.8	%
Americas Consumer		181			21			11.5	%		558		211			37.8	%		(377	)		-67.5	%		(190	)		-90.1	%
Total Americas		16,578			3,743			22.6	%		14,374		5,374	��		37.4	%		2,204			15.3	%		(1,631	)		-30.3	%
Asia Carbon		1,351			379			28.1	%		1,193		505			42.3	%		158			13.3	%		(126	)		-24.9	%
Asia Service		23			19			81.1	%		72		42			58.3	%		(49	)		-68.0	%		(23	)		-55.5	%
Asia Carbon & Service		1,374			398			29.0	%		1,265		547			43.2	%		109			8.6	%		(149	)		-27.2	%
Carbon Equipment		(8	)		(16	)		203.1	%		—		—			—			(8	)		—			(16	)		—
UV Asia		—			—			—			—		—			—			—			—			—			—
ISEP Asia		100			60			60.7	%		310		112			36.1	%		(210	)		-67.9	%		(52	)		-46.1	%
Solvent Recovery Asia		—			—			—			—		—			—			—			—			—			—
Asia Equipment		92			44			48.3	%		310		112			36.1	%		(218	)		-70.5	%		(68	)		-60.5	%
Total Asia		1,466			442			30.2	%		1,575		659			41.8	%		(109	)		-6.9	%		(217	)		-32.9	%
Europe Carbon		2,925			1,257			43.0	%		3,003		1,205			40.1	%		(78	)		-2.6	%		52			4.3	%
Europe Service		2,596			1,594			61.4	%		2,867		1,251			43.6	%		(271	)		-9.5	%		343			27.4	%
Europe Carbon & Service		5,521			2,851			51.6	%		5,870		2,456			41.8	%		(349	)		-5.9	%		395			16.1	%
Europe Equipment		519			345			66.4	%		787		154			19.6	%		(268	)		-34.0	%		191			123.8	%
CCI Europe		360			96			26.7	%		960		401			41.8	%		(600	)		-62.5	%		(305	)		-76.0	%
Charcoal/Liquid		1,839			560			30.4	%		1,836		625			34.0	%		3			0.2	%		(65	)		-10.4	%
Europe Consumer		2,199			656			29.8	%		2,796		1,026			36.7	%		(597	)		-21.4	%		(370	)		-36.1	%
Total Europe		8,240			3,852			46.7	%		9,453		3,636			38.5	%		(1,213	)		-12.8	%		216			5.9	%
CCC Totals	$	26,284		$	8,037			30.6	%	$	25,402	$	9,669			38.1	%		882			3.5	%		(1,632	)		-16.9	%

Attachment (j)

CALGON CARBON  -  BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	Current Month Actual									Prior Month Actual							Variations
	SALES			PGM			PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	6,964		$	1,425			20.5	%	$	7,038	$	2,522		35.8	%	$	(75	)		-1.1	%	$	(1,097	)		-43.5	%
Americas Service		6,371			1,655			26.0	%		6,045		2,163		35.8	%		326			5.4	%		(507	)		-23.5	%
Americas Carbon & Service		13,334			3,080			23.1	%		13,083		4,685		35.8	%		251			1.9	%		(1,605	)		-34.3	%
Carbon Equipment		965			(49	)		-5.1	%		1,341		338		25.2	%		(376	)		-28.0	%		(387	)		-114.4	%
UV		353			150			42.4	%		405		89		22.1	%		(52	)		-12.8	%		60			67.6	%
ISEP		222			(26	)		-11.5	%		345		92		26.6	%		(122	)		-35.5	%		(117	)		-127.9	%
Municipal Odor		730			245			33.6	%		283		88		31.1	%		447			158.1	%		157			178.7	%
Solvent Recovery		792			322			40.6	%		494		148		30.0	%		297			60.1	%		173			116.7	%
Americas Equipment		3,063			643			21.0	%		2,869		756		26.3	%		194			6.8	%		(113	)		-15.0	%
CCI US		(11	)		(11	)		100.7	%		43		34		80.8	%		(54	)		-126.4	%		(46	)		-133.0	%
Homewellness		192			32			16.8	%		492		117		23.8	%		(300	)		-60.9	%		(85	)		-72.4	%
Americas Consumer		181			21			11.5	%		535		152		28.3	%		(354	)		-66.1	%		(131	)		-86.2	%
Total Americas		16,578			3,743			22.6	%		16,487		5,592		33.9	%		91			0.6	%		(1,848	)		-33.1	%
Asia Carbon		1,351			379			28.1	%		1,440		558		38.7	%		(89	)		-6.2	%		(178	)		-32.0	%
Asia Service		23			19			81.1	%		8		6		73.0	%		15			205.2	%		13			239.4	%
Asia Carbon & Service		1,374			398			29.0	%		1,448		563		38.9	%		(73	)		-5.1	%		(165	)		-29.3	%
Carbon Equipment		(8	)		(16	)		203.1	%		—		—		—			(8	)		—			(16	)		—
UV Asia		—			—			—			—		—		—			—			—			—			—
ISEP Asia		100			60			60.7	%		167		126		75.3	%		(68	)		-40.6	%		(66	)		-52.1	%
Solvent Recovery Asia		—			—			—			—		—		—			—			—			—			—
Asia Equipment		92			44			48.3	%		167		126		75.3	%		(76	)		-45.3	%		(82	)		-64.9	%
Total Asia		1,466			442			30.2	%		1,615		689		42.7	%		(149	)		-9.2	%		(247	)		-35.8	%
Europe Carbon		2,925			1,257			43.0	%		3,497		1,259		36.0	%		(572	)		-16.3	%		(2	)		-0.1	%
Europe Service		2,596			1,594			61.4	%		2,888		1,504		52.1	%		(292	)		-10.1	%		90			6.0	%
Europe Carbon & Service		5,521			2,851			51.6	%		6,385		2,763		43.3	%		(863	)		-13.5	%		88			3.2	%
Europe Equipment		519			345			66.4	%		608		266		43.6	%		(89	)		-14.6	%		79			29.8	%
CCI Europe		360			96			26.7	%		633		279		44.1	%		(273	)		-43.2	%		(183	)		-65.6	%
Charcoal/Liquid		1,839			560			30.4	%		1,152		342		29.7	%		687			59.7	%		218			63.6	%
Europe Consumer		2,199			656			29.8	%		1,785		622		34.8	%		414			23.2	%		34			5.5	%
Total Europe		8,240			3,852			46.7	%		8,778		3,650		41.6	%		(538	)		-6.1	%		202			5.5	%
CCC Totals	$	26,284		$	8,037			30.6	%	$	26,879	$	9,931		36.9	%		(596	)		-2.2	%		(1,894	)		-19.1	%

Attachment (j)

CALGON CARBON - BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	Current Month Actual									Prior Year							Variations
	SALES			PGM			PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	6,964		$	1,425			20.5	%	$	6,865	$	2,174		31.7	%	$	99			1.4	%	$	(749	)		-34.5	%
Americas Service		6,371			1,655			26.0	%		6,394		2,743		42.9	%		(23	)		-0.4	%		(1,088	)		-39.7	%
Americas Carbon & Service		13,334			3,080			23.1	%		13,259		4,917		37.1	%		75			0.6	%		(1,837	)		-37.4	%
Carbon Equipment		965			(49	)		-5.1	%		1,565		539		34.4	%		(600	)		-38.3	%		(588	)		-109.0	%
UV		353			150			42.4	%		388		197		50.8	%		(35	)		-9.0	%		(47	)		-23.9	%
ISEP		222			(26	)		-11.5	%		379		192		50.7	%		(157	)		-41.3	%		(218	)		-113.3	%
Municipal Odor		730			245			33.6	%		343		64		18.7	%		387			112.8	%		181			283.5	%
Solvent Recovery		792			322			40.6	%		1,002		178		17.8	%		(210	)		-21.0	%		144			80.7	%
Americas Equipment		3,063			643			21.0	%		3,677		1,170		31.8	%		(614	)		-16.7	%		(527	)		-45.1	%
CCI US		(11	)		(11	)		100.7	%		26		17		65.4	%		(37	)		-143.4	%		(28	)		-166.9	%
Homewellness		192			32			16.8	%		898		387		43.1	%		(706	)		-78.6	%		(355	)		-91.7	%
Americas Consumer		181			21			11.5	%		924		404		43.7	%		(743	)		-80.4	%		(383	)		-94.8	%
Total Americas		16,578			3,743			22.6	%		17,860		6,491		36.3	%		(1,282	)		-7.2	%		(2,748	)		-42.3	%
Asia Carbon		1,351			379			28.1	%		767		358		46.7	%		584			76.2	%		21			6.0	%
Asia Service		23			19			81.1	%		6		6		100.0	%		17			284.2	%		13			211.8	%
Asia Carbon & Service		1,374			398			29.0	%		773		364		47.1	%		601			77.8	%		34			9.4	%
Carbon Equipment		(8	)		(16	)		203.1	%		—		—		—			(8	)		—			(16	)		—
UV Asia		—			—			—			—		—		—			—			—			—			—
ISEP Asia		100			60			60.7	%		154		21		13.6	%		(54	)		-35.4	%		39			187.4	%
Solvent Recovery Asia		—			—			—			—		—		—			—			—			—			—
Asia Equipment		92			44			48.3	%		154		21		13.6	%		(62	)		-40.5	%		23			110.5	%
Total Asia		1,466			442			30.2	%		927		385		41.5	%		539			58.1	%		57			14.9	%
Europe Carbon		2,925			1,257			43.0	%		3,300		1,095		33.2	%		(375	)		-11.4	%		162			14.8	%
Europe Service		2,596			1,594			61.4	%		2,077		1,591		76.6	%		519			25.0	%		3			0.2	%
Europe Carbon & Service		5,521			2,851			51.6	%		5,377		2,686		50.0	%		144			2.7	%		165			6.1	%
Europe Equipment		519			345			66.4	%		851		114		13.4	%		(332	)		-39.0	%		231			202.4	%
CCI Europe		360			96			26.7	%		585		260		44.4	%		(225	)		-38.5	%		(164	)		-63.0	%
Charcoal/Liquid		1,839			560			30.4	%		2,002		566		28.3	%		(163	)		-8.1	%		(6	)		-1.1	%
Europe Consumer		2,199			656			29.8	%		2,587		826		31.9	%		(388	)		-15.0	%		(170	)		-20.6	%
Total Europe		8,240			3,852			46.7	%		8,815		3,626		41.1	%		(575	)		-6.5	%		226			6.2	%
CCC Totals	$	26,284		$	8,037			30.6	%	$	27,602	$	10,502		38.0	%		(1,318	)		-4.8	%		(2,465	)		-23.5	%

Attachment (j)

CALGON CARBON - BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	YTD Actual							YTD Plan							Variations
	SALES		PGM		PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	81,681	$	26,279		32.2	%	$	83,316	$	33,008		39.6	%	$	(1,635	)		-2.0	%	$	(6,729	)		-20.4	%
Americas Service		69,458		24,295		35.0	%		76,739		32,088		41.8	%		(7,281	)		-9.5	%		(7,793	)		-24.3	%
Americas Carbon & Service		151,139		50,574		33.5	%		160,055		65,096		40.7	%		(8,916	)		-5.6	%		(14,522	)		-22.3	%
Carbon Equipment		15,061		3,580		23.8	%		16,129		4,482		27.8	%		(1,068	)		-6.6	%		(902	)		-20.1	%
UV		4,762		1,605		33.7	%		5,914		2,036		34.4	%		(1,152	)		-19.5	%		(431	)		-21.1	%
ISEP		8,397		2,934		34.9	%		6,832		2,100		30.7	%		1,565			22.9	%		834			39.7	%
Municipal Odor		5,700		1,483		26.0	%		5,845		1,654		28.3	%		(145	)		-2.5	%		(171	)		-10.4	%
Solvent Recovery		9,340		2,853		30.5	%		9,099		2,510		27.6	%		241			2.7	%		343			13.7	%
Americas Equipment		43,261		12,456		28.8	%		43,819		12,782		29.2	%		(558	)		-1.3	%		(326	)		-2.6	%
CCI US		1,030		698		67.8	%		1,151		575		50.0	%		(121	)		-10.5	%		123			21.4	%
Homewellness		3,794		1,265		33.3	%		4,412		1,554		35.2	%		(618	)		-14.0	%		(289	)		-18.6	%
Americas Consumer		4,824		1,963		40.7	%		5,563		2,129		38.3	%		(739	)		-13.3	%		(166	)		-7.8	%
Total Americas		199,225		64,993		32.6	%		209,437		80,007		38.2	%		(10,212	)		-4.9	%		(15,014	)		-18.8	%
Asia Carbon		13,272		5,753		43.3	%		14,166		6,935		49.0	%		(894	)		-6.3	%		(1,182	)		-17.1	%
Asia Service		129		121		93.3	%		189		139		73.5	%		(60	)		-31.7	%		(18	)		-13.3	%
Asia Carbon & Service		13,401		5,873		43.8	%		14,355		7,074		49.3	%		(954	)		-6.6	%		(1,201	)		-17.0	%
Carbon Equipment		86		44		50.5	%		26		9		34.6	%		60			232.6	%		35			385.3	%
UV Asia		—		—		—			—		—		—			—			—			—			—
ISEP Asia		781		479		61.2	%		2,678		967		36.1	%		(1,897	)		-70.8	%		(488	)		-50.5	%
Solvent Recovery Asia		—		—		—			—		—		—			—			—			—			—
Asia Equipment		868		522		60.2	%		2,704		976		36.1	%		(1,836	)		-67.9	%		(454	)		-46.5	%
Total Asia		14,269		6,395		44.8	%		17,059		8,050		47.2	%		(2,790	)		-16.4	%		(1,655	)		-20.6	%
Europe Carbon		44,176		15,456		35.0	%		42,538		16,190		38.1	%		1,638			3.8	%		(734	)		-4.5	%
Europe Service		33,218		16,265		49.0	%		36,516		16,054		44.0	%		(3,298	)		-9.0	%		211			1.3	%
Europe Carbon & Service		77,394		31,720		41.0	%		79,054		32,244		40.8	%		(1,660	)		-2.1	%		(524	)		-1.6	%
Europe Equipment		6,654		1,867		28.1	%		7,681		1,571		20.5	%		(1,027	)		-13.4	%		296			18.8	%
CCI Europe		7,210		3,349		46.5	%		10,010		4,241		42.4	%		(2,800	)		-28.0	%		(892	)		-21.0	%
Charcoal/Liquid		30,037		7,549		25.1	%		30,715		8,283		27.0	%		(678	)		-2.2	%		(734	)		-8.9	%
Europe Consumer		37,247		10,898		29.3	%		40,725		12,524		30.8	%		(3,478	)		-8.5	%		(1,626	)		-13.0	%
Total Europe		121,294		44,485		36.7	%		127,460		46,339		36.4	%		(6,166	)		-4.8	%		(1,854	)		-4.0	%
CCC Totals	$	334,788	$	115,873		34.6	%	$	353,956	$	134,396		38.0	%	$	(19,168	)		-5.4	%	$	(18,523	)		-13.8	%

Attachment (j)

CALGON CARBON - BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	YTD Actual							Prior YTD Actual							Variations
	SALES		PGM		PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	81,681	$	26,279		32.2	%	$	91,802	$	34,180		37.2	%	$	(10,121	)		-11.0	%	$	(7,901	)		-23.1	%
Americas Service		69,458		24,295		35.0	%		72,248		31,205		43.2	%		(2,790	)		-3.9	%		(6,910	)		-22.1	%
Americas Carbon & Service		151,139		50,574		33.5	%		164,050		65,385		39.9	%		(12,911	)		-7.9	%		(14,811	)		-22.7	%
Carbon Equipment		15,061		3,580		23.8	%		10,299		3,439		33.4	%		4,762			46.2	%		141			4.1	%
UV		4,762		1,605		33.7	%		6,022		2,307		38.3	%		(1,260	)		-20.9	%		(702	)		-30.4	%
ISEP		8,397		2,934		34.9	%		8,980		2,331		26.0	%		(583	)		-6.5	%		603			25.9	%
Municipal Odor		5,700		1,483		26.0	%		3,644		785		21.5	%		2,056			56.4	%		698			88.9	%
Solvent Recovery		9,340		2,853		30.5	%		12,777		2,677		21.0	%		(3,437	)		-26.9	%		176			6.6	%
Americas Equipment		43,261		12,456		28.8	%		41,722		11,539		27.7	%		1,539			3.7	%		917			7.9	%
CCI US		1,030		698		67.8	%		646		414		64.1	%		384			59.4	%		284			68.6	%
Homewellness		3,794		1,265		33.3	%		2,774		1,049		37.8	%		1,020			36.8	%		216			20.6	%
Americas Consumer		4,824		1,963		40.7	%		3,420		1,463		42.8	%		1,404			41.1	%		500			34.2	%
Total Americas		199,225		64,993		32.6	%		209,192		78,387		37.5	%		(9,967	)		-4.8	%		(13,394	)		-17.1	%
Asia Carbon		13,272		5,753		43.3	%		10,195		5,038		49.4	%		3,077			30.2	%		715			14.2	%
Asia Service		129		121		93.3	%		77		71		92.2	%		52			67.7	%		50			69.8	%
Asia Carbon & Service		13,401		5,873		43.8	%		10,272		5,109		49.7	%		3,129			30.5	%		764			15.0	%
Carbon Equipment		86		44		50.5	%		28		16		57.1	%		58			208.8	%		28			173.0	%
UV Asia		—		—		—			—		—		—			—			—			—			—
ISEP Asia		781		479		61.2	%		6,748		2,468		36.6	%		(5,967	)		-88.4	%		(1,989	)		-80.6	%
Solvent Recovery Asia		—		—		—			—		—		—			—			—			—			—
Asia Equipment		868		522		60.2	%		6,776		2,484		36.7	%		(5,908	)		-87.2	%		(1,962	)		-79.0	%
Total Asia		14,269		6,395		44.8	%		17,048		7,593		44.5	%		(2,779	)		-16.3	%		(1,198	)		-15.8	%
Europe Carbon		44,176		15,456		35.0	%		37,940		14,374		37.9	%		6,236			16.4	%		1,082			7.5	%
Europe Service		33,218		16,265		49.0	%		33,238		16,046		48.3	%		(20	)		-0.1	%		219			1.4	%
Europe Carbon & Service		77,394		31,720		41.0	%		71,178		30,420		42.7	%		6,216						1,300
Europe Equipment		6,654		1,867		28.1	%		6,968		1,831		26.3	%		(314	)		-4.5	%		36			1.9	%
CCI Europe		7,210		3,349		46.5	%		7,022		2,853		40.6	%		188			2.7	%		496			17.4	%
Charcoal/Liquid		30,037		7,549		25.1	%		25,159		7,063		28.1	%		4,878			19.4	%		486			6.9	%
Europe Consumer		37,247		10,898		29.3	%		32,181		9,916		30.8	%		5,066			15.7	%		982			9.9	%
Total Europe		121,294		44,485		36.7	%		110,327		42,167		38.2	%		10,967			9.9	%		2,318			5.5	%
CCC Totals	$	334,788	$	115,873		34.6	%	$	336,567	$	128,147		38.1	%	$	(1,779	)		-0.5	%	$	(12,274	)		-9.6	%

Attachment (j)

CALGON CARBON - BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	QTR Actual									QTR Plan							Variations
	SALES			PGM			PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	20,479		$	5,967			29.1	%	$	19,250	$	7,360		38.2	%	$	1,229			6.4	%	$	(1,393	)		-18.9	%
Americas Service		18,065			5,524			30.6	%		18,708		7,748		41.4	%		(643	)		-3.4	%		(2,224	)		-28.7	%
Americas Carbon & Service		38,544			11,491			29.8	%		37,958		15,108		39.8	%		586			1.5	%		(3,617	)		-23.9	%
Carbon Equipment		3,410			528			15.5	%		3,974		1,055		26.5	%		(564	)		-14.2	%		(527	)		-50.0	%
UV		999			322			32.2	%		1,640		559		34.1	%		(641	)		-39.1	%		(237	)		-42.4	%
ISEP		691			95			13.8	%		694		221		31.8	%		(3	)		-0.4	%		(126	)		-56.9	%
Municipal Odor		1,486			401			26.9	%		1,334		379		28.4	%		152			11.4	%		22			5.7	%
Solvent Recovery		1,916			707			36.9	%		1,348		356		26.4	%		568			42.1	%		351			98.6	%
Americas Equipment		8,502			2,053			24.1	%		8,990		2,570		28.6	%		(488	)		-5.4	%		(517	)		-20.1	%
CCI US		96			71			73.8	%		259		130		50.2	%		(163	)		-62.9	%		(59	)		-45.5	%
Homewellness		1,315			341			25.9	%		2,315		815		35.2	%		(1,000	)		-43.2	%		(474	)		-58.2	%
Americas Consumer		1,411			412			29.2	%		2,574		945		36.7	%		(1,163	)		-45.2	%		(533	)		-56.4	%
Total Americas		48,458			13,956			28.8	%		49,522		18,623		37.6	%		(1,064	)		-2.1	%		(4,667	)		-25.1	%
Asia Carbon		4,052			1,471			36.3	%		3,712		1,596		43.0	%		340			9.1	%		(125	)		-7.8	%
Asia Service		31			22			71.8	%		84		53		63.1	%		(53	)		-63.6	%		(31	)		-58.5	%
Asia Carbon & Service		4,082			1,493			36.6	%		3,796		1,649		43.4	%		286			7.5	%		(156	)		-9.4	%
Carbon Equipment		(1	)		(12	)		932.9	%		—		—		—			(1	)		—			(12	)		—
UV Asia		—			—			—			—		—		—			—			—			—			—
ISEP Asia		283			186			65.7	%		710		256		36.1	%		(427	)		-60.2	%		(70	)		-27.4	%
Solvent Recovery Asia		—			—			—			—		—		—			—			—			—			—
Asia Equipment		281			174			61.8	%		710		256		36.1	%		(429	)		-60.4	%		(82	)		-32.1	%
Total Asia		4,364			1,667			38.2	%		4,506		1,905		42.3	%		(142	)		-3.2	%		(238	)		-12.5	%
Europe Carbon		9,992			3,472			34.7	%		11,363		4,401		38.7	%		(1,371	)		-12.1	%		(929	)		-21.1	%
Europe Service		8,149			4,199			51.5	%		9,357		4,056		43.3	%		(1,208	)		-12.9	%		143			3.5	%
Europe Carbon & Service		18,141			7,671			42.3	%		20,720		8,457		40.8	%		(2,579	)		-12.4	%		(786	)		-9.3	%
Europe Equipment		1,480			675			45.6	%		2,186		420		19.2	%		(706	)		-32.3	%		255			60.7	%
CCI Europe		1,544			593			38.4	%		3,452		1,481		42.9	%		(1,908	)		-55.3	%		(888	)		-60.0	%
Charcoal/Liquid		4,146			1,225			29.5	%		3,845		1,352		35.2	%		301			7.8	%		(127	)		-9.4	%
Europe Consumer		5,690			1,817			31.9	%		7,297		2,833		38.8	%		(1,607	)		-22.0	%		(1,016	)		-35.8	%
Total Europe		25,311			10,163			40.2	%		30,203		11,710		38.8	%		(4,892	)		-16.2	%		(1,547	)		-13.2	%
CCC Totals	$	78,133		$	25,786			33.0	%	$	84,231	$	32,238		38.3	%	$	(6,098	)		-7.2	%	$	(6,452	)		-20.0	%

Attachment (j)

CALGON CARBON - BUSINESS PLATFORMS
SALES AND PGM ANALYSIS BY PLATFORM
December 2005

	QTR Actual									Prior Year QTR							Variations
	SALES			PGM			PGM%			SALES		PGM		PGM%			SALES			%			PGM			%
Americas Carbon	$	20,479		$	5,967			29.1	%	$	20,733	$	7,395		35.7	%	$	(254	)		-1.2	%	$	(1,428	)		-19.3	%
Americas Service		18,065			5,524			30.6	%		19,210		8,221		42.8	%		(1,145	)		-6.0	%		(2,697	)		-32.8	%
Americas Carbon & Service		38,544			11,491			29.8	%		39,943		15,616		39.1	%		(1,399	)		-3.5	%		(4,125	)		-26.4	%
Carbon Equipment		3,410			528			15.5	%		4,508		1,411		31.3	%		(1,098	)		-24.4	%		(883	)		-62.6	%
UV		999			322			32.2	%		1,474		631		42.8	%		(475	)		-32.2	%		(309	)		-48.9	%
ISEP		691			95			13.8	%		3,139		595		19.0	%		(2,448	)		-78.0	%		(500	)		-84.0	%
Municipal Odor		1,486			401			26.9	%		1,256		246		19.6	%		230			18.3	%		155			62.8	%
Solvent Recovery		1,916			707			36.9	%		2,982		579		19.4	%		(1,066	)		-35.8	%		128			22.1	%
Americas Equipment		8,502			2,053			24.1	%		13,359		3,462		25.9	%		(4,857	)		-36.4	%		(1,409	)		-40.7	%
CCI US		96			71			73.8	%		93		61		65.6	%		3			3.3	%		10			16.2	%
Homewellness		1,315			341			25.9	%		1,527		606		39.7	%		(212	)		-13.9	%		(265	)		-43.8	%
Americas Consumer		1,411			412			29.2	%		1,620		667		41.2	%		(209	)		-12.9	%		(255	)		-38.3	%
Total Americas		48,458			13,956			28.8	%		54,922		19,745		36.0	%		(6,464	)		-11.8	%		(5,789	)		-29.3	%
Asia Carbon		4,052			1,471			36.3	%		3,192		1,309		41.0	%		860			26.9	%		162			12.4	%
Asia Service		31			22			71.8	%		21		15		71.4	%		10			45.7	%		7			46.6	%
Asia Carbon & Service		4,082			1,493			36.6	%		3,213		1,324		41.2	%		869			27.1	%		169			12.8	%
Carbon Equipment		(1	)		(12	)		932.9	%		16		9		56.3	%		(17	)		-108.0	%		(21	)		-232.4	%
UV Asia		—			—			—			—		—		—			—			—			—			—
ISEP Asia		283			186			65.7	%		512		62		12.1	%		(229	)		-44.8	%		124			199.6	%
Solvent Recovery Asia		—			—			—			—		—		—			—			—			—			—
Asia Equipment		281			174			61.8	%		528		71		13.4	%		(247	)		-46.7	%		103			144.8	%
Total Asia		4,364			1,667			38.2	%		3,741		1,395		37.3	%		623			16.6	%		272			19.5	%
Europe Carbon		9,992			3,472			34.7	%		10,294		3,792		36.8	%		(302	)		-2.9	%		(320	)		-8.4	%
Europe Service		8,149			4,199			51.5	%		8,176		4,747		58.1	%		(27	)		-0.3	%		(548	)		-11.5	%
Europe Carbon & Service		18,141			7,671			42.3	%		18,470		8,539		46.2	%		(329	)		-1.8	%		(868	)		-10.2	%
Europe Equipment		1,480			675			45.6	%		1,670		537		32.2	%		(190	)		-11.4	%		138			25.6	%
CCI Europe		1,544			593			38.4	%		2,007		895		44.6	%		(463	)		-23.1	%		(302	)		-33.8	%
Charcoal/Liquid		4,146			1,225			29.5	%		4,391		1,356		30.9	%		(245	)		-5.6	%		(131	)		-9.7	%
Europe Consumer		5,690			1,817			31.9	%		6,398		2,251		35.2	%		(708	)		-11.1	%		(434	)		-19.3	%
Total Europe		25,311			10,163			40.2	%		26,538		11,327		42.7	%		(1,227	)		-4.6	%		(1,164	)		-10.3	%
CCC Totals	$	78,133		$	25,786			33.0	%	$	85,201	$	32,467		38.1	%	$	(7,068	)		-8.3	%	$	(6,681	)		-20.6	%

Attachment (j)

Calgon Carbon Corporation

Segment Data - Continuing Operations:

Segment Sales	4Q05		4Q04		YTD 2005		YTD 2004
Carbon and Service		60,767		61,626		241,934		245,500
Equipment		7,536		11,489		36,867		39,936
Consumer		2,956		3,626		12,034		10,441
Total Sales (thousands)	$	71,259	$	76,741	$	290,835	$	295,877

Segment Operating Income (loss)*		4Q05			4Q04			YTD 2005			YTD 2004
Carbon and Service		2,637			7,337			16,009			32,317
Equipment		(3,049	)		(688	)		(5,255	)		(2,209	)
Consumer		(315	)		546			(302	)		(98	)
Total Income (Loss) from continuing operations (thousands)	$	(727	)	$	7,195		$	10,452		$	30,010

* Before depreciation, amortization, and restructuring charges

Attachment (j)

CALGON  CARBON  CORPORATION
INCOME  STATEMENT  - CONSOLIDATED
DECEMBER, 2005 - RESTATED

	CURRENT MONTH																		YEAR TO DATE
$(000’S)	ACTUAL						PLAN						PRIOR YEAR						ACTUAL						PLAN						PRIOR YEAR
	$			%			$			%			$			%			$			%			$			%			$			%
NET SALES	$	26,284			100.0		$	25,402			100.0		$	27,602			100.0		$	334,788			100.0		$	353,956			100.0		$	336,567			100.0
COST OF SALES (AT STANDARD)		18,247			69.4			15,733			61.9			17,100			62.0			218,915			65.4			219,560			62.0			208,420			61.9
VARIABLE PRODUCT GROSS MARGIN @ STD.		8,037			30.6			9,669			38.1			10,502			38.0			115,873			34.6			134,396			38.0			128,147			38.1
VARIANCES		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
VARIABLE PRODUCT GROSS MARGIN @ ACT.		8,037			30.6			9,669			38.1			10,502			38.0			115,873			34.6			134,396			38.0			128,147			38.1
PERIOD COSTS
PLANT OVERHEAD		1,432			5.4			1,615			6.4			1,534			5.6			18,050			5.4			19,212			5.4			20,462			6.1
PRODUCTION SERVICE EXPENSE		1,238			4.7			1,054			4.1			991			3.6			13,013			3.9			12,866			3.6			11,570			3.4
STD’S PROVISION / LIFO PROVISION		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
TOTAL		2,670			10.2			2,669			10.5			2,525			9.1			31,063			9.3			32,078			9.1			32,032			9.5
DEPRECIATION EXPENSE		1,269			4.8			1,529			6.0			2,071			7.5			20,099			6.0			20,748			5.9			21,013			6.2
GROSS MARGIN		4,098			15.6			5,471			21.5			5,906			21.4			64,711			19.3			81,570			23.0			75,102			22.3
OPERATING EXPENSES
SELLING EXPENSE		1,272			4.8			1,687			6.6			1,707			6.2			17,561			5.2			19,886			5.6			20,414			6.1
MARKETING EXPENSE		479			1.8			439			1.7			237			0.9			4,650			1.4			4,861			1.4			4,536			1.3
MANUFACTURING/ENGINEERING EXPENSE		402			1.5			346			1.4			506			1.8			5,715			1.7			4,246			1.2			5,270			1.6
RESEARCH AND DEVELOPMENT EXPENSE		439			1.7			344			1.4			345			1.2			4,506			1.3			4,259			1.2			3,801			1.1
GENERAL AND ADMINISTRATIVE		4,233			16.1			2,566			10.1			2,129			7.7			36,223			10.8			29,658			8.4			28,093			8.3
EMPLOYEE GROWTH SHARING PLAN		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
TOTAL		6,825			26.0			5,382			21.2			4,924			17.8			68,655			20.5			62,910			17.8			62,114			18.5
OPERATING INCOME BEF RESTRUCT. CHARGE		(2,727	)		(10.4	)		89			0.4			982			3.6			(3,944	)		(1.2	)		18,660			5.3			12,988			3.9
RESTRUCTURING CHARGE		(17	)		(0.1	)		0			0.0			0			0.0			2,570			0.8			0			0.0			0			0.0
OPERATING INCOME		(2,710	)		(10.3	)		89			0.4			982			3.6			(6,514	)		(1.9	)		18,660			5.3			12,988			3.9
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
NET FOREIGN EXCHANGE		(52	)		(0.2	)		0			0.0			72			0.3			(139	)		(0.0	)		0			0.0			(1,002	)		(0.3	)
OTHER		(603	)		(2.3	)		(352	)		(1.4	)		(265	)		(1.0	)		(3,919	)		(1.2	)		(3,909	)		(1.1	)		(4,282	)		(1.3	)
TOTAL		(655	)		(2.5	)		(352	)		(1.4	)		(193	)		(0.7	)		(4,058	)		(1.2	)		(3,909	)		(1.1	)		(5,284	)		(1.6	)
INCOME BEFORE INTEREST AND TAXES		(3,365	)		(12.8	)		(263	)		(1.0	)		789			2.9			(10,572	)		(3.2	)		14,751			4.2			7,704			2.3
INTEREST (INCOME) EXPENSE
(INCOME)		(83	)		(0.3	)		(50	)		(0.2	)		(62	)		(0.2	)		(719	)		(0.2	)		(600	)		(0.2	)		(697	)		(0.2	)
EXPENSE		416			1.6			392			1.5			343			1.2			4,891			1.5			4,446			1.3			3,409			1.0
TOTAL		333			1.3			342			1.3			281			1.0			4,172			1.2			3,846			1.1			2,712			0.8
INCOME BEFORE TAXES		(3,698	)		(14.1	)		(605	)		(2.4	)		508			1.8			(14,744	)		(4.4	)		10,905			3.1			4,992			1.5
TAX PROVISION		(1,404	)		(5.3	)		(122	)		(0.5	)		(371	)		(1.3	)		(8,053	)		(2.4	)		3,138			0.9			170			0.1
INCOME BEF MINORITY INTEREST & EQUITY INCOME(LOSS)		(2,294	)		(8.7	)		(483	)		(1.9	)		879			3.2			(6,691	)		(2.0	)		7,768			2.2			4,822			1.4
EQUITY IN INCOME (LOSS)		(1,796	)		(6.8	)		155			0.6			70			0.3			(725	)		(0.2	)		723			0.2			1,000			0.3
MINORITY INTEREST		0			0.0			(1	)		(0.0	)		16			0.1			0			0.0			(21	)		(0.0	)		66			0.0
INCOME BEFORE CHANGE IN ACCOUNTING PRINCIPLE		(4,090	)		(15.6	)		(329	)		(1.3	)		965			3.5			(7,416	)		(3.4	)		8,470			3.9			5,888			2.8
CUMUL EFFECT CHANGE IN ACCOUNTING PRINCIPLE		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
NET INCOME	$	(4,090	)		(15.6	)	$	(329	)		(1.3	)	$	965			3.5		$	(7,416	)		(2.2	)	$	8,470			2.4		$	5,888			1.7
NET INCOME PER SHARE BEF CHANGE ACCTG PRINC.	$	(0.10	)				$	(0.01	)				$	0.02					$	(0.19	)				$	0.22					$	0.15
CUMULATIVE EFFECT CHANGE ACCTG PRINC.	$	0.00					$	0.00					$	0.00					$	0.00					$	0.00					$	0.00
ADJUSTED NET INCOME PER SHARE	$	(0.10	)				$	(0.01	)				$	0.02					$	(0.19	)				$	0.22					$	0.15

Attachment (j)

CALGON  CARBON  CORPORATION
CONSOLIDATING  INCOME  STATEMENT  - MONTH
DECEMBER, 2005 - RESTATED

$(000’S)	CALG CARB PARENT			BSC COLUMBUS			CCC DISTRIBUTION		CCOT CANADA		CCC COLUMBUS			C.C. INVESTMENTS			CANADA TRAD’L			AST		C.C. ASIA			DATONG CARBON
NET SALES
TRADE	$	17,470		$	0		$	0	$	0	$	0		$	0		$	498		$	0	$	0		$	0
AFFILIATES		1,508			0			455		0		0			0			0			0		0			598
TOTAL		18,978			0			455		0		0			0			498			0		0			598
COST OF SALES (@STD)		14,103			0			421		0		0			0			594			0		0			474
VARIABLE PGM @ STD		4,875			0			34		0		0			0			(96	)		0		0			124
VARIANCES		160			0			0		0		0			0			0			0		0			0
VARIABLE PGM @ ACTUAL		4,715			0			34		0		0			0			(96	)		0		0			124
PERIOD COSTS
PLANT OVERHEAD		1,029			0			0		0		0			0			0			0		0			69
PRODUCTION SERVICE EXP		1,047			0			0		0		0			0			0			0		0			0
STD’S REVISION / LIFO PROVISION		0			0			0		0		0			0			0			0		0			0
TOTAL		2,076			0			0		0		0			0			0			0		0			69
DEPRECIATION EXPENSE		1,060			1			0		0		1			0			0			0		0			(79	)
GROSS MARGIN		1,579			(1	)		34		0		(1	)		0			(96	)		0		0			134
OPERATING EXPENSES
SELLING EXPENSE		962			0			0		0		0			0			82			0		(2)			0
MARKETING EXPENSE		407			0			0		0		0			0			0			0		0			0
MANUFACT/ENG EXPENSE		331			0			0		0		0			0			0			0		0			0
R&D EXPENSE		413			0			0		0		0			0			0			0		0			0
G&A EXPENSE		3,650			0			0		0		0			0			0			0		0			34
EGSP		0			0			0		0		0			0			0			0		0			0
ALLOCATED EXPENSES		18			0			0		0		0			6			0			0		0			0
TOTAL		5,781			0			0		0		0			6			82			0		(2)			34
OPER INC BEF RESTRUCTING		(4,202	)		(1	)		34		0		(1	)		(6	)		(178	)		0		2			100
RESTRUCTURING CHARGE		(17	)		0			0		0		0			0			0			0		0			0
OPERATING INCOME		(4,185	)		(1	)		34		0		(1	)		(6	)		(178	)		0		2			100
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0			0		0		0			0			0			0		0			0
NET FOREIGN EXCHANGE		5			0			0		0		0			0			(9	)		0		0			0
OTHER		(63	)		(1	)		0		0		(2	)		(18	)		59			0		0			1
INTERCOMPANY		3			0			0		0		0			45			0			0		0			0
TOTAL		(55	)		(1	)		0		0		(2	)		27			50			0		0			1
INCOME BEF INT & TAXES		(4,240	)		(2	)		34		0		(3	)		21			(128	)		0		2			101
INTEREST (INCOME) EXPENSE (INCOME)		(10	)		0			0		0		0			0			(10	)		0		0			(1	)
EXPENSE		452			0			0		0		0			0			0			0		0			0
INTERCOMPANY		1,029			0			0		0		0			(1,145)			0			0		0			0
TOTAL		1,471			0			0		0		0			(1,145)			(10)			0		0			(1)
INCOME BEFORE TAXES		(5,711	)		(2	)		34		0		(3	)		1,166			(118	)		0		2			102
TAX PROVISION		(1,705	)		0			0		0		0			0			(98	)		0		(1	)		0
INCOME BEF MIN INT & EQTY INC		(4,006	)		(2	)		34		0		(3	)		1,166			(20	)		0		3			102
EQUITY IN INCOME (LOSS)		0			0			0		0		0			0			0			0		0			0
MINORITY INTEREST		0			0			0		0		0			0			0			0		0			0
INCOME BEF CHG ACCT PRINCIPLE		(4,006	)		(2	)		34		0		(3	)		1,166			(20	)		0		3			102
CUML EFFECT CHG ACCTG PRIN		0			0			0		0		0			0			0			0		0			0
NET INCOME	$	(4,006	)	$	(2	)	$	34	$	0	$	(3	)	$	1,166		$	(20	)	$	0	$	3		$	102

$(000’S)	C.C. TIANJIN LTD			CALGON MITSUBISHI			ELIM’S			TOTAL DOMESTIC			TOTAL EUROPE									TOTAL EUROPE			Elim’s			TOTAL CONSOL.
NET SALES
TRADE	$	76		$	0		$	0		$	18,044		$	8,240		$	(213,494	)	$	(121,294	)	$	121,294		$	0		$	26,284
AFFILIATES		818			0			(2,049	)		1,330			304			(18,205	)		(4,785	)		4,785			(1,634	)		0
TOTAL		894			0			(2,049	)		19,374			8,544			(231,699	)		(126,079	)		126,079			(1,634	)		26,284
COST OF SALES (@ STD)		769			155			(1,806	)		14,710			4,788			(156,628	)		(80,306	)		80,306			(1,251	)		18,247
VARIABLE PGM @ STD		125			(155	)		(243	)		4,664			3,756			(75,071	)		(45,773	)		45,773			(383	)		8,037
VARIANCES		125			0			(243	)		42			341			(736	)		(4,235	)		4,235			(383	)		0
VARIABLE PGM @ ACTUAL		0			(155	)		0			4,622			3,415			(74,335	)		(41,538	)		41,538			0			8,037
PERIOD COSTS
PLANT OVERHEAD		(9	)		0			0			1,089			343			(11,488	)		(6,562	)		6,562			0			1,432
PRODUCTION SERVICE EXP		19			0			0			1,066			172			(10,261	)		(2,752	)		2,752			0			1,238
STD’S REVISION / LIFO PROVISION		0			0			0			0			0			0			0			0			0			0
TOTAL		10			0			0			2,155			515			(21,749	)		(9,314	)		9,314			0			2,670
DEPRECIATION EXPENSE		14			0			0			997			272			(15,910	)		(4,189	)		4,189			0			1,269
GROSS MARGIN		(24	)		(155	)		0			1,470			2,628			(36,676	)		(28,035	)		28,035			0			4,098
OPERATING EXPENSES
SELLING EXPENSE		8			0			0			1,050			222			(12,476	)		(5,085	)		5,085			0			1,272
MARKETING EXPENSE		0			0			0			407			72			(3,483	)		(1,167)			1,167			0			479
MANUFACT/ENG EXPENSE		0			0			0			331			71			(4,704	)		(1,011	)		1,011			0			402
R&D EXPENSE		0			0			0			413			26			(4,153	)		(353	)		353			0			439
G&A EXPENSE		65			0			0			3,749			484			(28,952	)		(7,271	)		7,271			0			4,233
EGSP		0			0			0			0			0			0			0			0			0			0
ALLOCATED EXPENSES		0			0			0			24			(24	)		1,780			(1,780	)		1,780			0			0
TOTAL		73			0			0			5,974			851			(51,988	)		(16,667	)		16,667			0			6,825
OPER INC BEF RESTRUCTING		(97	)		(155	)		0			(4,504	)		1,777			15,312			(11,368	)		11,368			0			(2,727	)
RESTRUCTURING CHARGE		0			0			0			(17	)		0			(2,566	)		(4	)		4			0			(17	)
OPERATING INCOME		(97	)		(155	)		0			(4,487	)		1,777			17,878			(11,364	)		11,364			0			(2,710	)
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0			0			0			0			0			0			0			0			0
NET FOREIGN EXCHANGE		(1	)		0			0			(5	)		(47	)		97			42			(42	)		0			(52	)
OTHER		(1	)		0			0			(25	)		(578	)		2,663			1,256			(1,256	)		0			(603	)
INTERCOMPANY		0			0			0			48			(48	)		(529	)		529			(529	)		0			0
TOTAL		(2	)		0			0			18			(673	)		2,231			1,827			(1,827	)		0			(655	)
INCOME BEF INT & TAXES		(99	)		(155	)		0			(4,469	)		1,104			20,109			(9,537	)		9,537			0			(3,365	)
INTEREST (INCOME) EXPENSE (INCOME)		0			0			0			(21	)		(62	)		333			386			(386	)		0			(83	)
EXPENSE		0			0			0			452			(36	)		(4,351	)		(540	)		540			0			416
INTERCOMPANY		0			0			0			(116	)		116			500			(500	)		500			0			0
TOTAL		0			0			0			315			18			(3,518	)		(654	)		654			0			333
INCOME BEFORE TAXES		(99	)		(155	)		0			(4,784	)		1,086			23,627			(8,883	)		8,883			0			(3,698	)
TAX PROVISION		0			0			0			(1,804)			400			11,145			(3,092)			3,092			0			(1,404	)
INCOME BEF MIN INT & EQTY INC		(99	)		(155	)		0			(2,980	)		686			12,482			(5,791	)		5,791			0			(2,294	)
EQUITY IN INCOME (LOSS)		0			(1,799	)		3			(1,796	)		0			725			0			0			0			(1,796	)
MINORITY INTEREST		0			0			0			0			0			0			0			0			0			0
INCOME BEF CHG ACCT PRINCIPLE		(99	)		(1,954	)		3			(4,776	)		686			13,207			(5,791	)		5,791			0			(4,090	)
CUML EFFECT CHG ACCTG PRIN		0			0			0			0			0			0			0			0			0			0
NET INCOME	$	(99	)	$	(1,954	)	$	3		$	(4,776	)	$	686		$	0		$	0		$	0		$	0		$	(4,090	)

Attachment (j)

CALGON CARBON CORPORATION
INCOME STATEMENT - CONSOLIDATED
DECEMBER, 2005 - RESTATED

	THREE MONTHS ENDED																		YEAR TO DATE
	ACTUAL						PLAN						PRIOR YEAR						ACTUAL						PLAN						PRIOR YEAR
$(000’S)	$			%			$			%			$			%			$			%			$			%			$			%
NET SALES	$	78,133			100.0		$	84,231			100.0		$	85,201			100.0		$	334,788			100.0		$	353,956			100.0		$	336,567			100.0
COST OF SALES (AT STANDARD)		52,347			67.0			51,993			61.7			52,734			61.9			218,915			65.4			219,560			62.0			208,420			61.9
VARIABLE PRODUCT GROSS MARGIN @ STD.		25,786			33.0			32,238			38.3			32,467			38.1			115,873			34.6			134,396			38.0			128,147			38.1
VARIANCES		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
VARIABLE PRODUCT GROSS MARGIN @ ACT.		25,786			33.0			32,238			38.3			32,467			38.1			115,873			34.6			134,396			38.0			128,147			38.1
PERIOD COSTS
PLANT OVERHEAD		4,270			5.5			4,727			5.6			5,192			6.1			18,050			5.4			19,212			5.4			20,462			6.1
PRODUCTION SERVICE EXPENSE		3,405			4.4			3,166			3.8			2,903			3.4			13,013			3.9			12,866			3.6			11,570			3.4
STD’S PROVISION / LIFO PROVISION		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
TOTAL		7,675			9.8			7,893			9.4			8,095			9.5			31,063			9.3			32,078			9.1			32,032			9.5
DEPRECIATION EXPENSE		4,710			6.0			4,990			5.9			5,750			6.7			20,099			6.0			20,748			5.9			21,013			6.2
GROSS MARGIN		13,401			17.2			19,355			23.0			18,622			21.9			64,711			19.3			81,570			23.0			75,102			22.3
OPERATING EXPENSES
SELLING EXPENSE		4,332			5.5			4,979			5.9			5,246			6.2			17,561			5.2			19,886			5.6			20,414			6.1
MARKETING EXPENSE		1,259			1.6			1,167			1.4			1,106			1.3			4,650			1.4			4,861			1.4			4,536			1.3
MANUFACTURING/ENGINEERING EXPENSE		1,094			1.4			1,044			1.2			1,446			1.7			5,715			1.7			4,246			1.2			5,270			1.6
RESEARCH AND DEVELOPMENT EXPENSE		1,193			1.5			1,043			1.2			973			1.1			4,506			1.3			4,259			1.2			3,801			1.1
GENERAL AND ADMINISTRATIVE		9,798			12.5			7,739			9.2			7,514			8.8			36,223			10.8			29,658			8.4			28,093			8.3
EMPLOYEE GROWTH SHARING PLAN		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
TOTAL		17,676			22.6			15,972			19.0			16,285			19.1			68,655			20.5			62,910			17.8			62,114			18.5
OPERATING INCOME BEF RESTRUCT. CHARGE		(4,275	)		(5.5	)		3,383			4.0			2,337			2.7			(3,944	)		(1.2	)		18,660			5.3			12,988			3.9
RESTRUCTURING CHARGE		(11	)		(0.0	)		0			0.0			0			0.0			2,570			0.8			0			0.0			0			0.0
OPERATING INCOME		(4,264	)		(5.5	)		3,383			4.0			2,337			2.7			(6,514	)		(1.9	)		18,660			5.3			12,988			3.9
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
NET FOREIGN EXCHANGE		2			0.0			0			0.0			(124	)		(0.1	)		(139	)		(0.0	)		0			0.0			(1,002	)		(0.3	)
OTHER		(1,338	)		(1.7	)		(1,047	)		(1.2	)		(1,028	)		(1.2	)		(3,919	)		(1.2	)		(3,909	)		(1.1	)		(4,282	)		(1.3	)
TOTAL		(1,336	)		(1.7	)		(1,047	)		(1.2	)		(1,152	)		(1.4	)		(4,058	)		(1.2	)		(3,909	)		(1.1	)		(5,284	)		(1.6	)
INCOME BEFORE INTEREST AND TAXES		(5,600	)		(7.2	)		2,336			2.8			1,185			1.4			(10,572	)		(3.2	)		14,751			4.2			7,704			2.3
INTEREST (INCOME) EXPENSE (INCOME)		(161	)		(0.2	)		(150	)		(0.2	)		(168	)		(0.2	)		(719	)		(0.2	)		(600	)		(0.2	)		(697	)		(0.2	)
EXPENSE		1,313			1.7			1,163			1.4			977			1.1			4,891			1.5			4,446			1.3			3,409			1.0
TOTAL		1,152			1.5			1,013			1.2			809			0.9			4,172			1.2			3,846			1.1			2,712			0.8
INCOME BEFORE TAXES		(6,752	)		(8.6	)		1,323			1.6			376			0.4			(14,744	)		(4.4	)		10,905			3.1			4,992			1.5
TAX PROVISION		(2,847	)		(3.6	)		432			0.5			(376	)		(0.4	)		(8,053	)		(2.4	)		3,138			0.9			170			0.1
INCOME BEF MINORITY INTEREST & EQUITY INCOME(LOSS)		(3,905	)		(5.0	)		891			1.1			752			0.9			(6,691	)		(2.0	)		7,768			2.2			4,822			1.4
EQUITY IN INCOME (LOSS)		(1,745	)					277						152						(725	)					723						1,000
MINORITY INTEREST		0			0.0			(4	)		(0.0	)		18			0.0			0			0.0			(21	)		(0.0	)		66			0.0
INCOME BEFORE CHANGE IN ACCOUNTING PRINCIPLE		(5,650	)		(7.2	)		1,164			1.4			922			1.1			(7,416	)		(2.2	)		8,470			2.4			5,888			1.7
CUMUL EFFECT CHANGE IN ACCOUNTING PRINCIPLE		0			0.0			0			0.0			0			0.0			0			0.0			0			0.0			0			0.0
NET INCOME	$	(5,650	)		(7.2	)	$	1,164			1.4		$	922			1.1		$	(7,416	)		(2.2	)	$	8,470			2.4		$	5,888			1.7
NET INCOME PER SHARE BEF CHANGE ACCTG PRINC.	$	(0.14	)				$	0.03					$	0.02					$	(0.19	)				$	0.22					$	0.15
CUMULATIVE EFFECT CHANGE ACCTG PRINC.	$	0.00					$	0.00					$	0.00					$	0.00					$	0.00					$	0.00
NET INCOME PER SHARE	$	(0.14	)				$	0.03					$	0.02					$	(0.19	)				$	0.22					$	0.15

Attachment (j)

CALGON CARBON CORPORATION
CONSOLIDATING INCOME STATEMENT - YEAR TO DATE
DECEMBER, 2005 - RESTATED

$(000’S)	CALG CARB PARENT			BSC  COLUMBUS			CCC DISTRIBUTION			CCOT CANADA		CCC COLUMBUS			C.C. INVESTMENTS			CANADA TRAD’L			AST		C.C. ASIA
NET SALES
TRADE	$	205,552		$	0		$	0		$	0	$	0		$	0		$	7,424		$	0	$	0
AFFILIATES		20,529			0			5,131			0		0			0			0			0		0
TOTAL		226,081			0			5,131			0		0			0			7,424			0		0
COST OF SALES (@ STD)		152,425			0			5,181			0		0			0			5,663			0		0
VARIABLE PGM @ STD		73,656			0			(50	)		0		0			0			1,761			0		0
VARIANCES		2,240			0			0			0		0			0			0			0		0
VARIABLE PGM@ACTUAL		71,416			0			(50	)		0		0			0			1,761			0		0
PERIOD COSTS
PLANT OVERHEAD		11,279			0			0			0		0			0			0			0		0
PRODUCTION SERVICE EXP		10,162			0			0			0		0			0			0			0		0
STD’S REVISION / LIFO PROVISION		0			0			0			0		0			0			0			0		0
TOTAL		21,441			0			0			0		0			0			0			0		0
DEPRECIATION EXPENSE		15,314			11			0			0		15			0			0			0		0
GROSS MARGIN		34,661			(11	)		(50	)		0		(15	)		0			1,761			0		0
OPERATING EXPENSES
SELLING EXPENSE		11,513			0			0			0		0			(6	)		914			0		(17	)
MARKETING EXPENSE		3,483			0			0			0		0			0			0			0		0
MANUFACT/ENG EXPENSE		4,704			0			0			0		0			0			0			0		0
R&D EXPENSE		4,153			0			0			0		0			0			0			0		0
G&A EXPENSE		28,409			0			0			0		0			0			0			0		0
EGSP		0			0			0			0		0			0			0			0		0
ALLOCATED EXPENSES		(1,932	)		0			0			0		0			70			82			0		0
TOTAL		50,330			0			0			0		0			64			996			0		(17	)
OPER INC BEF RESTRUCTING		(15,669	)		(11	)		(50	)		0		(15	)		(64	)		765			0		17
RESTRUCTURING CHARGE		2,566			0			0			0		0			0			0			0		0
OPERATING INCOME		(18,235	)		(11	)		(50	)		0		(15	)		(64	)		765			0		17
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0			0			0		0			0			0			0		0
NET FOREIGN EXCHANGE		15			0			0			0		0			0			(95	)		0		0
OTHER		(2,688	)		222			0			0		(16	)		(208	)		27			0		0
INTERCOMPANY		5			0			0			0		0			524			0			0		0
TOTAL		(2,668	)		222			0			0		(16	)		316			(68	)		0		0
INCOME BEF INT & TAXES		(20,903	)		211			(50	)		0		(31	)		252			697			0		17
INTEREST (INCOME) EXPENSE
(INCOME)		(319	)		0			0			0		0			0			(12	)		0		0
EXPENSE		4,351			0			0			0		0			0			0			0		0
INTERCOMPANY		11,892			0			0			0		0			(12,392	)		0			0		0
TOTAL		15,924			0			0			0		0			(12,392	)		(12	)		0		0
INCOME BEFORE TAXES		(36,827	)		211			(50	)		0		(31	)		12,644			709			0		17
TAX PROVISION		(11,391	)		0			0			0		0			0			247			0		(1	)
INCOME BEF MIN INT & EQTY INC		(25,436	)		211			(50	)		0		(31	)		12,644			462			0		18
EQUITY IN INCOME (LOSS)
MINORITY INTEREST		0			0			0			0		0			0			0			0		0
INCOME BEF CHG ACCT PRINCIPLE		(25,436	)		211			(50	)		0		(31	)		12,644			462			0		18
CUML EFFECT CHG ACCTG PRIN
NET INCOME	$	(25,436	)	$	211		$	(50	)	$	0	$	(31	)	$	12,644		$	462		$	0	$	18

$(000’S)	DATONG CARBON			C.C. TIANJIN LTD			CALGON MITSUBISHI			ELIM’S			TOTAL DOMESTIC			TOTAL EUROPE			Elim’s			TOTAL CONSOL.
NET SALES
TRADE	$	0		$	518		$	0					$	213,494		$	121,294					$	334,788
AFFILIATES		5,152			10,729			0			(23,336	)		18,205			4,785			(22,990	)		0
TOTAL		5,152			11,247			0			(23,336	)		231,699			126,079			(22,990	)		334,788
COST OF SALES (@ STD)		4,202			9,917			122			(20,882	)		156,628			80,306			(18,019	)		218,915
VARIABLE PGM @ STD		950			1,330			(122	)		(2,454	)		75,071			45,773			(4,971	)		115,873
VARIANCES		0			950			0			(2,454	)		736			4,235			(4,971	)		0
VARIABLE PGM@ACTUAL		950			380			(122	)		0			74,335			41,538			0			115,873
PERIOD COSTS
PLANT OVERHEAD		157			52			0						11,488			6,562						18,050
PRODUCTION SERVICE EXP		0			99			0						10,261			2,752						13,013
STD’S REVISION / LIFO PROVISION		0			0			0						0			0						0
TOTAL		157			151			0						21,749			9,314			0			31,063
DEPRECIATION EXPENSE		441			129			0						15,910			4,189						20,099
GROSS MARGIN		352			100			(122	)		0			36,676			28,035			0			64,711
OPERATING EXPENSES
SELLING EXPENSE		0			72			0						12,476			5,085						17,561
MARKETING EXPENSE		0			0			0						3,483			1,167						4,650
MANUFACT/ENG EXPENSE		0			0			0						4,704			1,011						5,715
R&D EXPENSE		0			0			0						4,153			353						4,506
G&A EXPENSE		158			385			0						28,952			7,271						36,223
EGSP		0			0			0						0			0						0
ALLOCATED EXPENSES		0			0			0						(1,780	)		1,780						0
TOTAL		158			457			0			0			51,988			16,667			0			68,655
OPER INC BEF RESTRUCTING		194			(357	)		(122	)		0			(15,312	)		11,368			0			(3,944	)
RESTRUCTURING CHARGE		0			0			0						2,566			4						2,570
OPERATING INCOME		194			(357	)		(122	)		0			(17,878	)		11,364			0			(6,514	)
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0									0			0						0
NET FOREIGN EXCHANGE		0			(17	)		0						(97	)		(42	)					(139	)
OTHER		(1	)		1			0			0			(2,663	)		(1,256	)					(3,919	)
INTERCOMPANY		0			0			0			0			529			(529	)					0
TOTAL		(1	)		(16	)		0			0			(2,231	)		(1,827	)		0			(4,058	)
INCOME BEF INT & TAXES		193			(373	)		(122	)		0			(20,109	)		9,537			0			(10,572	)
INTEREST (INCOME) EXPENSE
(INCOME)		(1	)		(1	)		0						(333	)		(386	)					(719	)
EXPENSE		0			0			0						4,351			540						4,891
INTERCOMPANY		0			0			0						(500	)		500						0
TOTAL		(1	)		(1	)		0			0			3,518			654			0			4,172
INCOME BEFORE TAXES		194			(372	)		(122	)		0			(23,627	)		8,883			0			(14,744	)
TAX PROVISION		0			0			0						(11,145	)		3,092						(8,053	)
INCOME BEF MIN INT & EQTY INC		194			(372	)		(122	)		0			(12,482	)		5,791			0			(6,691	)
EQUITY IN INCOME (LOSS)								(725	)		0			(725	)		0						(725	)
MINORITY INTEREST		0			0			0			0			0			0						0
INCOME BEF CHG ACCT PRINCIPLE		194			(372	)		(847	)		0			(13,207	)		5,791			0			(7,416	)
CUML EFFECT CHG ACCTG PRIN														0			0						0
NET INCOME	$	194		$	(372	)	$	(847	)	$	0		$	(13,207	)	$	5,791		$	0		$	(7,416	)

Attachment (j)

CALGON  CARBON  CORPORATION
CONSOLIDATING  INCOME  STATEMENT
4TH QUARTER, 2005 - RESTATED

$(000’S)	CALG CARB PARENT			BSC  COLUMBUS			CCC DISTRIBUTION		CCOT CANADA		CCC COLUMBUS			C.C. INVESTMENTS			CANADA TRAD’L			AST		C.C. ASIA
NET SALES
TRADE	$	50,892		$	0		$	0	$	0	$	0		$	0		$	1,789		$	0	$	0
AFFILIATES		4,086			0			1,302		0		0			0			0			0		0
TOTAL		54,978			0			1,302		0		0			0			1,789			0		0
COST OF SALES (@  STD)		38,657			0			1,222		0		0			0			1,457			0		0
VARIABLE PGM  @ STD		16,321			0			80		0		0			0			332			0		0
VARIANCES		561			0			0		0		0			0			0			0		0
VARIABLE PGM@ACTUAL		15,760			0			80		0		0			0			332			0		0
PERIOD COSTS
PLANT OVERHEAD		2,785			0			0		0		0			0			0			0		0
PRODUCTION SERVICE EXP		2,703			0			0		0		0			0			0			0		0
STD’S REVISION / LIFO PROVISION		0			0			0		0		0			0			0			0		0
TOTAL		5,488			0			0		0		0			0			0			0		0
DEPRECIATION EXPENSE		3,605			3			0		0		4			0			0			0		0
GROSS MARGIN		6,667			(3	)		80		0		(4	)		0			332			0		0
OPERATING EXPENSES
SELLING EXPENSE		2,971			0			0		0		0			0			239			0		(5	)
MARKETING EXPENSE		1,075			0			0		0		0			0			0			0		0
MANUFACT/ENG EXPENSE		836			0			0		0		0			0			0			0		0
R&D EXPENSE		1,108			0			0		0		0			0			0			0		0
G&A EXPENSE		7,981			0			0		0		0			0			0			0		0
EGSP		0			0			0		0		0			0			0			0		0
ALLOCATED EXPENSES		(336	)		0			0		0		0			18			14			0		0
TOTAL		13,635			0			0		0		0			18			253			0		(5	)
OPER INC BEF RESTRUCTING		(6,968	)		(3	)		80		0		(4	)		(18	)		79			0		5
RESTRUCTURING CHARGE		(11	)		0			0		0		0			0			0			0		0
OPERATING INCOME		(6,957	)		(3	)		80		0		(4	)		(18	)		79			0		5
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0			0		0		0			0			0			0		0
NET FOREIGN EXCHANGE		14			0			0		0		0			0			(10	)		0		0
OTHER		(665	)		(4	)		0		0		(5	)		(52	)		57			0		0
INTERCOMPANY		3			0			0		0		0			128			0			0		0
TOTAL		(648	)		(4	)		0		0		(5	)		76			47			0		0
INCOME BEF INT & TAXES		(7,605	)		(7	)		80		0		(9	)		58			126			0		5
INTEREST (INCOME) EXPENSE
(INCOME)		(55	)		0			0		0		0			0			(10	)		0		0
EXPENSE		1,262			0			0		0		0			0			0			0		0
INTERCOMPANY		3,230			0			0		0		0			(3,346	)		0			0		0
TOTAL		4,437			0			0		0		0			(3,346	)		(10	)		0		0
INCOME BEFORE TAXES		(12,042	)		(7	)		80		0		(9	)		3,404			136			0		5
TAX PROVISION		(3,473	)		0			0		0		0			0			(131	)		0		(1	)
INCOME BEF MIN INT & EQTY INC		(8,569	)		(7	)		80		0		(9	)		3,404			267			0		6
EQUITY IN INCOME (LOSS)		0			0			0		0		0			0			0			0		0
MINORITY INTEREST		0			0			0		0		0			0			0			0		0
INCOME BEF CHG ACCT PRINCIPLE		(8,569	)		(7	)		80		0		(9	)		3,404			267			0		6
CUML EFFECT CHG ACCTG PRIN		0			0			0		0		0			0			0			0		0
NET INCOME	$	(8,569	)	$	(7	)	$	80	$	0	$	(9	)	$	3,404		$	267		$	0	$	6

$(000’S)	DATONG CARBON			C.C. TIANJIN LTD			CALGON MITSUBISHI			ELIM’S			TOTAL DOMESTIC			TOTAL EUROPE			Elim’s			TOTAL CONSOL.
NET SALES
TRADE	$	0		$	141		$	0		$	0		$	52,822		$	25,311		$	0		$	78,133
AFFILIATES		1,775			3,308			0			(6,790	)		3,681			784			(4,465	)		0
TOTAL		1,775			3,449			0			(6,790	)		56,503			26,095			(4,465	)		78,133
COST OF SALES (@  STD)		1,406			3,004			291			(5,949	)		40,088			15,837			(3,578	)		52,347
VARIABLE PGM  @ STD		369			445			(291	)		(841	)		16,415			10,258			(887	)		25,786
VARIANCES		0			369			0			(841	)		89			798			(887	)		0
VARIABLE PGM@ACTUAL		369			76			(291	)		0			16,326			9,460			0			25,786
PERIOD COSTS
PLANT OVERHEAD		89			19			0			0			2,893			1,377			0			4,270
PRODUCTION SERVICE EXP		0			48			0			0			2,751			654			0			3,405
STD’S REVISION / LIFO PROVISION		0			0			0			0			0			0			0			0
TOTAL		89			67			0			0			5,644			2,031			0			7,675
DEPRECIATION EXPENSE		161			35			0			0			3,808			902			0			4,710
GROSS MARGIN		119			(26	)		(291	)		0			6,874			6,527			0			13,401
OPERATING EXPENSES
SELLING EXPENSE		0			24			0			0			3,229			1,103			0			4,332
MARKETING EXPENSE		0			0			0			0			1,075			184			0			1,259
MANUFACT/ENG EXPENSE		0			0			0			0			836			258			0			1,094
R&D EXPENSE		0			0			0			0			1,108			85			0			1,193
G&A EXPENSE		54			132			0			0			8,167			1,631			0			9,798
EGSP		0			0			0			0			0			0			0			0
ALLOCATED EXPENSES		0			0			0			0			(304	)		304			0			0
TOTAL		54			156			0			0			14,111			3,565			0			17,676
OPER INC BEF RESTRUCTING		65			(182	)		(291	)		0			(7,237	)		2,962			0			(4,275	)
RESTRUCTURING CHARGE		0			0			0			0			(11	)		0			0			(11	)
OPERATING INCOME		65			(182	)		(291	)		0			(7,226	)		2,962			0			(4,264	)
OTHER INCOME (EXPENSE)
EQUITY INCOME		0			0			0			0			0			0			0			0
NET FOREIGN EXCHANGE		0			(4	)		0			0			0			2			0			2
OTHER		2			2			0			0			(665	)		(673	)		0			(1,338	)
INTERCOMPANY		0			0			0			0			131			(131	)		0			0
TOTAL		2			(2	)		0			0			(534	)		(802	)		0			(1,336	)
INCOME BEF INT & TAXES		67			(184	)		(291	)		0			(7,760	)		2,160			0			(5,600	)
INTEREST (INCOME) EXPENSE
(INCOME)		(1	)		0			0			0			(66	)		(95	)		0			(161	)
EXPENSE		0			0			0			0			1,262			51			0			1,313
INTERCOMPANY		0			0			0			0			(116	)		116			0			0
TOTAL		(1	)		0			0			0			1,080			72			0			1,152
INCOME BEFORE TAXES		68			(184	)		(291	)		0			(8,840	)		2,088			0			(6,752	)
TAX PROVISION		0			0			0			0			(3,605	)		758			0			(2,847	)
INCOME BEF MIN INT & EQTY INC		68			(184	)		(291	)		0			(5,235	)		1,330			0			(3,905	)
EQUITY IN INCOME (LOSS)		0			0			(1,756	)		11			(1,745	)		0			0			(1,745	)
MINORITY INTEREST		0			0			0			0			0			0			0			0
INCOME BEF CHG ACCT PRINCIPLE		68			(184	)		(2,047	)		11			(6,980	)		1,330			0			(5,650	)
CUML EFFECT CHG ACCTG PRIN		0			0			0			0			0			0			0			0
NET INCOME	$	68		$	(184	)	$	(2,047	)	$	11		$	(6,980	)	$	1,330		$	0		$	(5,650	)

Attachment (j)

CALGON  CARBON  CORPORATION
CONSOLIDATING  BALANCE  SHEET
DECEMBER, 2005 - RESTATED

$(000’S)	CALGON  CARBON PARENT			BSC COLUMBUS		CCC DISTRIBUTION			CCOT CANADA		CCC COLUMBUS			CC INVEST		CANADA TRAD’L		AST		CALGON  CARBON ASIA		DATONG CARBON
CURRENT ASSETS
CASH & SECURITIES	$	1,207		$	399	$	38		$	0	$	10		$	5	$	349	$	0	$	82	$	162
NOTES & A/R - NET		41,199			0		0			0		0			3,412		1,196		0		0		21
INVENTORIES		49,021			0		16			0		0			0		0		0		0		1,390
OTHER CURRENT ASSETS		15,354			0		0			0		0			0		607		0		0		0
TOTAL CURRENT ASSETS		106,781			399		54			0		10			3,417		2,152		0		82		1,573
PROPERTY, PLANT & EQUIPMT		286,957			601		0			0		741			0		533		0		0		6,594
RESERVE FOR DEPRECIATION		212,343			16		0			0		23			0		0		0		0		1,373
NET PROPERTIES		74,614			585		0			0		718			0		533		0		0		5,221
INTANGIBLES		5,991			0		0			0		0			2,279		0		0		0		0
ORGANIZATION COSTS		0			0		0			0		0			0		0		0		0		0
GOODWILL		18,764			4,674		461			0		(742	)		60		7,472		0		0		0
EQUITY INVESTMENTS		91,749			0		0			0		0			23,233		0		0		0		0
OTHER ASSETS		6,086			0		0			0		0			68,248		5		0		13		0
INTERCOMPANY A/R		56,267			0		432			0		0			128,301		0		0		0		946
TOTAL ASSETS	$	360,252		$	5,658	$	947		$	0	$	(14	)	$	225,538	$	10,162	$	0	$	95	$	7,740
CURRENT LIABILITIES
ACCOUNTS PAYABLE	$	29,371		$	13	$	95		$	0	$	19		$	0	$	101	$	0	$	0	$	1,120
ACCRUED P/R, BENEFITS & PENS.		9,298			0		0			0		0			0		10		0		0		10
ACCRUED INCOME TAXES		4,673			0		0			0		0			0		106		0		1		67
ACCRUED INTEREST		3,435			0		0			0		0			0		0		0		0		0
SHORT TERM DEBT		0			0		0			0		0			0		0		0		0		0
CURR PORTION OF L.T. DEBT		0			0		0			0		0			0		0		0		0		0
TOTAL CURRENT LIABILITIES		46,777			13		95			0		19			0		217		0		1		1,197
LONG TERM DEBT		83,925			0		0			0		0					0		0		0		1,364
DEMAND REVOLVING LOAN		0			0		0			0		0			0		0		0		0		0
LESS: PORTION PAY - 1 YR.		0			0		0			0		0			0		0		0		0		0
NET LONG TERM DEBT		83,925			0		0			0		0			0		0		0		0		1,364
DEFERRED TAXES		(3,988	)		0		0			0		0			0		1,071		0		0		0
OTHER LONG TERM LIABILITIES		90,424			5,286		0			0		0			0		0		0		0		24
INTERCOMPANY A/P		129,016			0		417			0		0			35,327		773		0		0		3,164
TOTAL LIABILITIES		346,154			5,299		512			0		19			35,327		2,061		0		1		5,749
MINORITY INTEREST		0			0		0			0		0			0		0		0		0		0
STOCKHOLDERS’ EQUITY
COMMON STOCK		424			0		0			0		0			0		209		0		4		0
PAID-IN CAPITAL		68,990			170		500			0		30			86,537		0		0		0		3,448
RETAINED EARNINGS		(22,416	)		189		(65	)		0		(63	)		103,674		6,615		0		86		(1,602	)
OTHER COMPREHENSIVE INCOME		(5,771	)		0		0			0		0			0		0		0		0		0
CUMULATIVE TRANS. ADJUSTMT		0			0		0			0		0			0		1,277		0		4		145
		41,227			359		435			0		(33	)		190,211		8,101		0		94		1,991
LESS: TREASURY STOCK		27,129			0							0					0				0		0
TOTAL STOCKHOLDERS’ EQUITY		14,098			359		435			0		(33	)		190,211		8,101		0		94		1,991
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	360,252		$	5,658	$	947		$	0	$	(14	)	$	225,538	$	10,162	$	0	$	95	$	7,740

$(000’S)	CC TIANJIN LTD			CALGON MITSUBISHI		7-1-97 PURCHASE ACCOUNTING		ELIM’S			TOTAL DOMESTIC			TOTAL EUROPE			ELIM’S			TOTAL CONSOL.
CURRENT ASSETS
CASH & SECURITIES	$	186		$	0	$	0	$	0		$	2,438		$	14,128		$	(11,120	)	$	5,446
NOTES & A/R - NET		1,126			0		0		(3,412	)		43,542			16,519			(3,760	)		56,301
INVENTORIES		2,372			0		0		(274	)		52,525			22,134			33			74,692
OTHER CURRENT ASSETS		115			0		0					16,076			3,340			1,227			20,643
TOTAL CURRENT ASSETS		3,799			0		0		(3,686	)		114,581			56,121			(13,620	)		157,082
PROPERTY, PLANT & EQUIPMT		1,599			0		0		0			297,025			77,926			5,606			380,557
RESERVE FOR DEPRECIATION		408			0		0					214,163			50,298						264,461
NET PROPERTIES		1,191			0		0		0			82,862			27,628			5,606			116,096
INTANGIBLES		0			0		0					8,270			1,779						10,049
ORGANIZATION COSTS		0			0		0					0			0						0
GOODWILL		0			0		0		419			31,108			3,766						34,874
EQUITY INVESTMENTS		0			7,034		0		0			122,016			0			(114,797	)		7,219
OTHER ASSETS		496			0		0		(67,974	)		6,874			12,912			2,762			22,548
INTERCOMPANY A/R		422			0		0		(1,364	)		185,004			262			(185,266	)		0
TOTAL ASSETS	$	5,908		$	7,034	$	0	$	(72,605	)	$	550,715		$	102,468		$	(305,315	)	$	347,868
CURRENT LIABILITIES
ACCOUNTS PAYABLE	$	1,340		$	0	$	0				$	32,059		$	12,851		$	(5	)	$	44,905
ACCRUED P/R, BENEFITS & PENS.		22			0		0					9,340			3,324						12,664
ACCRUED INCOME TAXES		0			0		0					4,847			5,936						10,783
ACCRUED INTEREST		0			0		0		(3,412	)		23			0						23
SHORT TERM DEBT		0			0		0					0			11,120			(11,120	)		0
CURR PORTION OF L.T. DEBT		0			0		0					0			0						0
TOTAL CURRENT LIABILITIES		1,362			0		0		(3,412	)		46,269			33,231			(11,125	)		68,375
LONG TERM DEBT		0			0		0		(1,364	)		83,925			0						83,925
DEMAND REVOLVING LOAN		0			0		0					0			0						0
LESS: PORTION PAY - 1 YR.		0			0		0					0			0						0
NET LONG TERM DEBT		0			0		0		(1,364	)		83,925			0			0			83,925
DEFERRED TAXES		0			0		0		(548	)		(3,465	)		7			4,847			1,389
OTHER LONG TERM LIABILITIES		1			0		0		(68,248	)		27,487			16,132						43,619
INTERCOMPANY A/P		4,055			0		0		0			172,752			12,509			(185,261	)		0
TOTAL LIABILITIES		5,418			0		0		(73,572	)		326,968			61,879			(191,539	)		197,308
MINORITY INTEREST		0			0		0		0			0			0			0			0
STOCKHOLDERS’ EQUITY
COMMON STOCK		0			0		0		0			637			30			(243	)		424
PAID-IN CAPITAL		625			0		0		60			160,360			23,184			(114,554	)		68,990
RETAINED EARNINGS		(153	)		6,525		0		359			93,149			7,531			1,153			101,833
OTHER COMPREHENSIVE INCOME		0			0		0		0			(5,771	)		(2,472	)					(8,243	)
CUMULATIVE TRANS. ADJUSTMT		18			509		0		548			2,501			12,316			(132	)		14,685
		490			7,034		0		967			250,876			40,589			(113,776	)		177,689
LESS: TREASURY STOCK		0					0		0			27,129			0			0			27,129
TOTAL STOCKHOLDERS’ EQUITY		490			7,034		0		967			223,747			40,589			(113,776	)		150,560
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	5,908		$	7,034	$	0	$	(72,605	)	$	550,715		$	102,468		$	(305,315	)	$	347,868

Attachment (j)

CALGON CARBON CORPORATION
CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 2005 - RESTATED
WITH COMPARISONS TO SUBSEQUENT QUARTER PLAN, PRIOR QUARTER AND PRIOR YEAR END

$(000’S)	CURRENT MONTH END 12/31/05			INCR.(DECR.) PRIOR MONTH END			CURRENT MONTH PLAN 12/31/05		PRIOR QTR END 09/30/05			PRIOR YEAR END 12/31/04
CURRENT ASSETS
CASH & MARKETABLE SECURITIES	$	5,446		$	(1,877	)	$	8,512	$	8,179		$	8,780
NOTES & ACCOUNTS REC. - NET.		56,301			(2,591	)		57,185		54,361			61,598
INVENTORIES		74,692			237			65,469		68,751			64,843
OTHER CURRENT ASSETS		20,643			1,342			30,467		20,308			23,874
TOTAL CURRENT ASSETS		157,082			(2,889	)		161,633		151,599			159,095
PROPERTY, PLANT & EQUIPMENT - GROSS		380,557			5,535			398,749		374,466			387,797
RESERVE FOR DEPRECIATION		264,461			1,600			277,659		260,161			258,512
NET PROPERTIES		116,096			3,935			121,090		114,305			129,285
INTANGIBLES		10,049			(176	)		13,737		10,583			12,237
ORGANIZATION COSTS		0			0			0		0			0
GOODWILL		34,874			2			36,940		34,982			35,071
EQUITY INVESTMENTS		7,219			(1,951	)		8,954		9,255			8,135
OTHER ASSETS		22,548			5,019			8,871		18,301			20,075
TOTAL ASSETS	$	347,868		$	3,940		$	351,225	$	339,025		$	363,898
CURRENT LIABILITIES
ACCOUNTS PAYABLE	$	44,905		$	8,533		$	38,143		30,320			41,415
ACCRUED PAYROLL, BENEFITS & PENSIONS		12,664			(66	)		10,138		12,144			9,244
ACCRUED INCOME TAXES		10,783			317			9,601		10,641			12,736
ACCRUED INTEREST		23			11			20		19			14
SHORT TERM DEBT		0			0			0		0			0
CURRENT PORTION OF LONG TERM DEBT		0			0			0		0			0
TOTAL CURRENT LIABILITIES		68,375			8,795			57,902		53,124			63,409
LONG TERM DEBT		83,925			(5,506	)		71,295		86,203			84,600
DEMAND REVOLVING LOAN		0			0			0		0			0
LESS: PORTION PAYABLE - 1 YR.		0			0			0		0			0
NET LONG TERM DEBT		83,925			(5,506	)		71,295		86,203			84,600
DEFERRED TAXES		1,389			592			10,750		3,076			8,235
OTHER LONG TERM LIABILITIES		43,619			8,690			42,859		34,829			39,783
TOTAL LIABILITIES		197,308			12,571			182,806		177,232			196,027
MINORITY INTEREST		0			0			361		0			0
STOCKHOLDERS’ EQUITY
COMMON STOCK		424			0			420		424			420
PAID-IN CAPITAL		68,990			145			65,565		68,768			65,523
RETAINED EARNINGS		101,833			(4,090	)		115,159		107,483			112,804
OTHER COMPREHENSIVE INCOME		(8,243	)		(5,044	)		0		(3,050	)		(3,231	)
CUMULATIVE TRANSLATION ADJUST.		14,685			358			14,042		15,297			19,484
		177,689			(8,631	)		195,186		188,922			195,000
LESS:TREASURY STOCK		27,129			0			27,128		27,129			27,129
TOTAL STOCKHOLDERS’ EQUITY		150,560			(8,631	)		168,058		161,793			167,871
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	347,868		$	3,940		$	351,225	$	339,025		$	363,898

Attachment (j)

CALGON  CARBON  CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
DECEMBER 2005 - RESTATED

	CURRENT MONTH									YEAR TO DATE
$(000’S)	ACTUAL $			PLAN $			PRIOR YEAR $			ACTUAL $			PLAN $			PRIOR YEAR $
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$	(4,090	)	$	(336	)	$	965		$	(7,416	)	$	8,470		$	5,888
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
CUMULATIVE EFFECT OF ACCOUNTING CHANGE		0			0			0			0			0			0
DEPRECIATION AND AMORTIZATION		1,429			1,703			2,271			22,062			22,759			23,126
NON-CASH CURTAILMENT LOSS & RESTR. WRITE DOWNS		603			0			0			2,976			0			0
(EARNINGS) LOSS IN JOINT VENTURE		1,796			(154	)		(70	)		725			(723	)		(1,000	)
DISTRIBUTIONS RECEIVED FROM JOINT VENTURES		0			0			0			254			0			0
EMPLOYEE BENEFIT PLAN PROVISIONS		6			408			798			4,046			4,696			4,580
CHANGES IN ASSETS AND LIABILITIES - NET OF EFFECTS FROM PURCHASE OF BUSINESSES, EXCHANGE AND NON-CASH RESTRUCTURING ASSET AND LIABILITY WRITE DOWNS (WRITE UPS):		—			—			—			—			—			—
(INCREASE) DECREASE IN RECEIVABLES		2,952			5,234			(259	)		4,273			4,806			(3,469	)
(INCREASE) DECREASE IN INVENTORIES		(267	)		(1,852	)		(1,526	)		(13,009	)		(3,200	)		(2,076	)
(INCREASE) DECREASE IN OTHER CURRENT ASSETS		(1,431	)		89			3,206			2,787			(1,081	)		1,410
(DECREASE) IN RESTRUCTURING RESERVE		68			6			235			(498	)		(379	)		(336	)
INCREASE (DECREASE) IN ACCOUNTS PAYABLE AND ACCRUALS		8,619			640			1,449			7,299			(2,583	)		(1,096	)
INCREASE (DECREASE) ACCR INCOME TAXES		317			(282	)		(1,354	)		(1,953	)		285			(1,510	)
INCREASE (DECREASE) IN LONG-TERM DEFERRED INCOME TAXES (NET)		338			(309	)		(2,732	)		(4,005	)		(862	)		(2,357	)
OTHER ITEMS - NET		(192	)		(11	)		(789	)		(4,701	)		1,032			(3,086	)
NET CASH PROVIDED BY OPERATING ACTIVITIES		10,148			5,136			2,194			12,840			33,220			20,074
CASH FLOWS FROM INVESTING ACTIVITIES
PURCHASE OF BUSINESSES (Net of Cash)		0			0			172			(856	)		0			(35,250	)
PURCHASE OF INTANGIBLES		0			0			(20	)		0			0			(687	)
PROPERTY, PLANT AND EQUIPMENT EXPENDITURES		(6,052	)		(8,021	)		422			(15,996	)		(13,559	)		(12,413	)
PROCEEDS FROM DISPOSALS OF EQUIPMENT		230			0			55			1,356			0			1,527
NET CASH (USED IN) INVESTING ACTIVITIES		(5,822	)		(8,021	)		629			(15,496	)		(13,559	)		(46,823	)
CASH FLOWS FROM FINANCING ACTIVITIES
NET PROCEEDS FROM (REPAYMENTS OF) BORROWINGS		(5,506	)		3,883			(2,304	)		(675	)		(15,894	)		30,339
TREASURY STOCK PURCHASES		0			0			0			0			0			0
COMMONS STOCK DIVIDENDS		0			(1,176	)		(1,173	)		(3,555	)		(4,704	)		(4,685	)
COMMON STOCK ISSUED		64			0			253			3,050			0			856
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(5,442	)		2,707			(3,224	)		(1,180	)		(20,598	)		26,510
EFFECT OF EXCHANGE RATE CHANGE ON CASH		(761	)		0			798			502			0			65
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(1,877	)		(178	)		397			(3,334	)		(937	)		(174	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		7,323			8,682			8,383			8,780			9,441		��	8,954
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	5,446		$	8,504		$	8,780		$	5,446		$	8,504		$	8,780

Attachment (j)

CALGON  CARBON  CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS
DECEMBER 2005 - RESTATED

	THREE MONTHS ENDED									YEAR TO DATE
$(000’S)	ACTUAL $			PLAN $			PRIOR YEAR $			ACTUAL $			PLAN $			PRIOR YEAR $
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$	(5,650	)	$	1,164		$	922		$	(7,416	)	$	8,470		$	5,888
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
CUMULATIVE EFFECT OF ACCOUNTING CHANGE		0			0			0			0			0			0
DEPRECIATION AND AMORTIZATION		5,191			5,511			6,314			22,062			22,759			23,126
NON-CASH CURTAILMENT LOSS & RESTR. WRITE DOWNS		603			0			0			2,976			0			0
(EARNINGS) LOSS IN JOINT VENTURE		1,745			(276	)		(152	)		725			(723	)		(1,000	)
DISTRIBUTIONS RECEIVED FROM JOINT VENTURES		0			0			0			254			0			0
EMPLOYEE BENEFIT PLAN PROVISIONS		719			1,028			1,609			4,046			4,696			4,580
CHANGES IN ASSETS AND LIABILITIES - NET OF EFFECTS FROM PURCHASE OF BUSINESSES, EXCHANGE AND NON-CASH RESTRUCTURING ASSET AND LIABILITY WRITE DOWNS (WRITE UPS):		—			—			—			—			—			—
(INCREASE) DECREASE IN RECEIVABLES		(2,357	)		3,138			(31	)		4,273			4,806			(3,469	)
(INCREASE) DECREASE IN INVENTORIES		(7,113	)		(3,320	)		(4,330	)		(13,009	)		(3,200	)		(2,076	)
(INCREASE) DECREASE IN OTHER CURRENT ASSETS		(524	)		427			4,028			2,787			(1,081	)		1,410
(DECREASE) IN RESTRUCTURING RESERVE		(105	)		(130	)		135			(498	)		(379	)		(336	)
INCREASE (DECREASE) IN ACCOUNTS PAYABLE AND ACCRUALS		16,424			(823	)		622			7,299			(2,583	)		(1,096	)
INCREASE (DECREASE) ACCR INCOME TAXES		142			239			(1,262	)		(1,953	)		285			(1,510	)
INCREASE (DECREASE) IN LONG-TERM DEFERRED INCOME TAXES (NET)		(1,277	)		(356	)		(3,253	)		(4,005	)		(862	)		(2,357	)
OTHER ITEMS - NET		(338	)		(289	)		740			(4,701	)		1,032			(3,086	)
NET CASH PROVIDED BY OPERATING ACTIVITIES		7,460			6,313			5,342			12,840			33,220			20,074
CASH FLOWS FROM INVESTING ACTIVITIES
PURCHASE OF BUSINESSES (Net of Cash)		0			0			172			(856	)		0			(35,250	)
PURCHASE OF INTANGIBLES		0			0			(20	)		0			0			(687	)
PROPERTY, PLANT AND EQUIPMENT EXPENDITURES		(7,830	)		(8,316	)		(971	)		(15,996	)		(13,559	)		(12,413	)
PROCEEDS FROM DISPOSALS OF EQUIPMENT		238			0			1,090			1,356			0			1,527
NET CASH (USED IN) INVESTING ACTIVITIES		(7,592	)		(8,316	)		271			(15,496	)		(13,559	)		(46,823	)
CASH FLOWS FROM FINANCING ACTIVITIES
NET PROCEEDS FROM (REPAYMENTS OF) BORROWINGS		(2,278	)		2,382			(904	)		(675	)		(15,894	)		30,339
TREASURY STOCK PURCHASES		0			0			0			0			0			0
COMMONS STOCK DIVIDENDS		0			(1,176	)		(1,173	)		(3,555	)		(4,704	)		(4,685	)
COMMON STOCK ISSUED		64			0			567			3,050			0			856
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(2,214	)		1,206			(1,510	)		(1,180	)		(20,598	)		26,510
EFFECT OF EXCHANGE RATE CHANGE ON CASH		(387	)		0			(271	)		502			0			65
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(2,733	)		(797	)		3,832			(3,334	)		(937	)		(174	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		8,179			9,301			4,948			8,780			9,441			8,954
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	5,446		$	8,504		$	8,780		$	5,446		$	8,504		$	8,780

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Consoldiated
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	23,998		27,278		32,130		32,052		30,941		33,334		25,260		26,883		24,785		24,963		26,879		25,881		334,385
COGS @ Actual	15,481		16,600		20,647		20,701		19,748		22,245		16,864		17,365		16,918		17,151		16,948		17,279		217,947
PGM @ Actual	8,517		10,678		11,483		11,351		11,193		11,089		8,396		9,518		7,867		7,812		9,931		8,602		116,438
Product Gross Margin %	35.5	%	39.1	%	35.7	%	35.4	%	36.2	%	33.3	%	33.2	%	35.4	%	31.7	%	31.3	%	36.9	%	33.2	%	34.8	%
Plant Overhead	1,627		1,544		1,460		1,510		1,660		1,521		1,483		1,503		1,471		1,478		1,361		1,431		18,050
Production Service expense	1,213		968		1,072		1,238		1,067		1,014		978		1,062		995		1,198		968		1,239		13,013
Total Period Costs	2,840		2,512		2,532		2,749		2,727		2,535		2,460		2,565		2,466		2,676		2,329		2,671		31,063
Depreciation	1,714		1,718		1,858		1,746		1,738		1,716		1,655		1,631		1,612		1,749		1,692		1,269		20,099
Total Gross Margin	3,963		6,448		7,093		6,857		6,727		6,838		4,281		5,322		3,789		3,387		5,910		4,662		65,276
Gross Margin %	16.5	%	23.6	%	22.1	%	21.4	%	21.7	%	20.5	%	16.9	%	19.8	%	15.3	%	13.6	%	22.0	%	18.0	%	19.5	%
Selling expense	1,529		1,531		1,562		1,553		1,476		1,427		1,347		1,476		1,422		1,525		1,555		1,280		17,682
Marketing expense	482		374		360		504		438		225		400		281		327		324		456		477		4,649
Manufacturing and engineering	585		335		358		405		419		397		379		471		1,538		345		405		430		6,068
Research and development	327		313		352		389		339		350		319		314		344		339		354		414		4,154
General and Administrative	2,317		2,786		3,870		2,956		2,543		2,237		2,969		2,288		2,928		2,741		2,799		3,754		34,187
Operating Expenses	5,240		5,339		6,501		5,806		5,216		4,636		5,415		4,830		6,560		5,273		5,570		6,355		66,740
Restructuring charge	0		844		1,566		3		55		43		13		49		8		4		2		(17	)	2,570
Operating income	(1,277	)	266		(974	)	1,047		1,456		2,159		(1,147	)	443		(2,779	)	(1,890	)	338		(1,676	)	(4,034	)
Operating Margin %	-5.3	%	1.0	%	-3.0	%	3.3	%	4.7	%	6.5	%	-4.5	%	1.6	%	-11.2	%	-7.6	%	1.3	%	-6.5	%	-1.2	%
Other (expenses) and income:
Foriegn exchange, net	13		(13	)	(39	)	18		17		(5	)	(11	)	(65	)	(56	)	55		(1	)	(52	)	(139	)
Other Inc/(Exp)	(329	)	(321	)	(223	)	(344	)	(272	)	(123	)	(378	)	(387	)	(204	)	(315	)	(420	)	(603	)	(3,919	)
Other income/(expense)	(316	)	(334	)	(262	)	(326	)	(255	)	(128	)	(389	)	(452	)	(260	)	(260	)	(421)		(655)		(4,058	)
Interest Income	(60	)	(43	)	(78	)	(60	)	(39	)	(113	)	(43	)	(43	)	(79	)	(40	)	(38	)	(83	)	(719	)
Interest Expense	350		333		409		383		436		419		383		429		436		446		451		416		4,891
Interest (income)/expense	290		290		331		323		397		306		340		386		357		406		413		333		4,172
Net Income Before Taxes	(1,883	)	(358	)	(1,567	)	398		804		1,725		(1,876	)	(395	)	(3,396	)	(2,556	)	(496	)	(2,664	)	(12,264	)
Current income tax expense	(511	)	(55	)	(148	)	76		152		420		(254	)	(47	)	(4,304	)	(1,208	)	(234	)	(1,003	)	(7,116	)
Equity (loss)/income	(12	)	161		124		298		44		8		290		90		17		(16	)	67		(1,796	)	(725	)
Net Income	(1,384	)	(142	)	(1,295	)	620		696		1,313		(1,332	)	(258	)	925		(1,364	)	(194	)	(3,459	)	(5,876	)
Adjustments:
Amortization of intangibles	(176	)	(180	)	(183	)	(155	)	(162	)	(161	)	(161	)	(156	)	(149	)	(160	)	(162	)	(160	)	(1,963	)
Interest Income (Net of Tax @ 39%)	37		26		48		37		24		69		26		26		48		24		23		51		439
Interest Expense (Net of Tax @ 39%)	(214	)	(203	)	(249	)	(234	)	(266	)	(256	)	(234	)	(262	)	(266	)	(272	)	(275	)	(254	)	(2,984	)
Total adjustments	(353	)	(357	)	(385	)	(352	)	(404	)	(347	)	(368	)	(391	)	(367	)	(408	)	(414	)	(363	)	(4,508	)
NOPAT	(1,031	)	215		(350	)	972		1,099		1,660		(953	)	134		1,291		(957	)	220		(3,096	)	(1,368	)
EBITDA	297		1,830		1,420		2,622		3,101		3,908		291		1,779		(1,278	)	(241	)	1,771		(902	)	14,597

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Americas Consolidated
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	15,661		17,093		18,435		17,520		17,960		19,769		13,254		15,698		15,383		15,386		16,486		16,210		198,857
COGS @ Actual	10,534		10,865		12,115		11,552		11,642		13,145		8,862		9,897		11,120		10,772		10,894		11,867		133,266
PGM @ Actual	5,127		6,228		6,321		5,968		6,319		6,624		4,391		5,801		4,263		4,614		5,592		4,343		65,591
Product Gross Margin %	32.7	%	36.4	%	34.3	%	34.1	%	35.2	%	33.5	%	33.1	%	37.0	%	27.7	%	30.0	%	33.9	%	26.8	%	33.0	%
Plant Overhead	819		744		782		706		775		750		716		742		698		704		651		812		8,901
Production Service expense	826		635		663		824		706		669		645		660		691		776		642		885		8,622
Total Period Costs	1,645		1,379		1,445		1,531		1,481		1,419		1,361		1,401		1,389		1,479		1,293		1,697		17,522
Depreciation	916		910		980		915		925		925		905		910		908		907		904		765		10,871
Total Gross Margin	2,566		3,939		3,896		3,521		3,913		4,279		2,125		3,490		1,966		2,227		3,395		1,880		37,198
Gross Margin %	16.4	%	23.0	%	21.1	%	20.1	%	21.8	%	21.6	%	16.0	%	22.2	%	12.8	%	14.5	%	20.6	%	11.6	%	18.7	%
Selling expense	992		926		999		970		899		944		835		975		949		995		977		952		11,413
Marketing expense	337		264		253		339		231		83		257		203		202		222		358		383		3,132
Manufacturing and engineering	430		252		240		311		271		308		270		358		1,054		237		287		327		4,345
Research and development	327		313		352		389		339		350		319		314		344		339		354		414		4,154
General and Administrative	1,429		1,762		2,281		1,732		1,473		1,484		1,898		1,322		1,987		1,810		1,815		2,676		21,668
Operating Expenses	3,514		3,517		4,125		3,741		3,214		3,169		3,579		3,171		4,536		3,604		3,791		4,751		44,711
Restructuring charge	0		552		919		2		33		25		7		28		5		2		1		(11	)	1,563
Operating income	(948	)	(131	)	(1,148	)	(221	)	667		1,085		(1,461	)	291		(2,575	)	(1,379	)	(398	)	(2,860	)	(9,077	)
Operating Margin %	-6.1	%	-0.8	%	-6.2	%	-1.3	%	3.7	%	5.5	%	-11.0	%	1.9	%	-16.7	%	-9.0	%	-2.4	%	-17.6	%	-4.6	%
Other (expenses) and income:
Foriegn exchange, net	9		(9	)	(23	)	10		10		(3	)	(6	)	(37	)	(37	)	35		(1	)	(36	)	(87	)
Other Inc/(Exp)	(227	)	(223	)	(155	)	(206	)	(177	)	(90	)	(255	)	(246	)	(144	)	(215	)	(285	)	(374	)	(2,596	)
Other income/(expense)	(218	)	(232	)	(178	)	(196	)	(167	)	(93	)	(261	)	(283	)	(180	)	(180	)	(286	)	(409	)	(2,683	)
Interest Income	(41	)	(28	)	(46	)	(33	)	(23	)	(67	)	(23	)	(25	)	(52	)	(25	)	(24	)	(57	)	(444	)
Interest Expense	238		218		240		214		257		248		201		244		287		280		290		286		3,003
Interest (income)/expense	197		190		194		180		234		181		179		220		235		255		265		229		2,559
Net Income Before Taxes	(1,363	)	(552	)	(1,521	)	(597	)	266		811		(1,900	)	(212	)	(2,990	)	(1,814	)	(949	)	(3,498	)	(14,319	)
Current income tax expense	(370	)	(86	)	(149	)	(114	)	50		198		(257	)	(25	)	(3,789	)	(857	)	(449	)	(1,316	)	(7,164	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(994	)	(467	)	(1,372	)	(483	)	215		614		(1,642	)	(187	)	799		(957	)	(500	)	(2,184	)	(7,157	)
Adjustments:
Amortization of intangibles	(131	)	(137	)	(139	)	(111	)	(119	)	(120	)	(120	)	(115	)	(108	)	(118	)	(120	)	(118	)	(1,454	)
Interest Income (Net of Tax @ 39%)	25		17		28		20		14		41		14		15		32		15		15		35		271
Interest Expense (Net of Tax @ 39%)	(145	)	(133	)	(146	)	(130	)	(157	)	(151	)	(123	)	(149	)	(175	)	(171	)	(177	)	(174	)	(1,832	)
Total adjustments	(251	)	(252	)	(257	)	(221	)	(261	)	(230	)	(229	)	(249	)	(251	)	(274	)	(282	)	(258	)	(3,015	)
NOPAT	(743	)	(214	)	(1,115	)	(262	)	477		844		(1,402	)	63		1,050		(684	)	(218	)	(1,927	)	(4,142	)
EBITDA	(119	)	684		(208	)	610		1,544		2,037		(685	)	1,033		(1,739	)	(534	)	340		(2,386	)	566

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Americas Carbon & Service
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	11,562		13,067		13,174		12,747		13,302		14,652		10,112		12,760		11,225		12,120		13,083		13,335		151,140
COGS @ Actual	7,600		8,256		8,702		8,190		8,666		9,576		6,743		7,669		8,111		8,400		8,398		9,538		99,850
PGM @ Actual	3,962		4,811		4,472		4,557		4,636		5,077		3,369		5,091		3,115		3,720		4,685		3,797		51,290
Product Gross Margin %	34.3	%	36.8	%	33.9	%	35.7	%	34.9	%	34.6	%	33.3	%	39.9	%	27.7	%	30.7	%	35.8	%	28.5	%	33.9	%
Plant Overhead	790		742		766		690		751		731		698		723		679		686		632		793		8,683
Production Service expense	826		635		663		824		706		669		645		660		691		776		642		885		8,622
Total Period Costs	1,615		1,377		1,429		1,515		1,457		1,401		1,343		1,383		1,370		1,462		1,275		1,678		17,304
Depreciation	802		801		843		799		809		808		796		808		793		802		800		681		9,541
Total Gross Margin	1,545		2,633		2,199		2,243		2,370		2,868		1,230		2,900		951		1,457		2,610		1,438		24,445
Gross Margin %	13.4	%	20.2	%	16.7	%	17.6	%	17.8	%	19.6	%	12.2	%	22.7	%	8.5	%	12.0	%	20.0	%	10.8	%	16.2	%
Selling expense	561		532		559		556		513		582		493		535		541		575		543		543		6,534
Marketing expense	244		206		181		207		131		38		149		104		123		164		170		236		1,952
Manufacturing and engineering	208		150		206		173		189		225		172		208		697		155		163		182		2,728
Research and development	239		226		257		288		251		259		241		234		254		246		256		300		3,050
General and Administrative	1,025		1,034		1,449		1,017		1,039		815		1,030		907		1,152		1,115		1,121		1,897		13,601
Operating Expenses	2,277		2,148		2,653		2,240		2,123		1,919		2,086		1,988		2,767		2,256		2,253		3,158		27,866
Restructuring charge	0		419		657		1		24		18		5		21		4		2		1		(9	)	1,144
Operating income	(732	)	66		(1,110	)	1		223		931		(861	)	891		(1,820	)	(801	)	356		(1,710	)	(4,565	)
Operating Margin %	-6.3	%	0.5	%	-8.4	%	0.0	%	1.7	%	6.4	%	-8.4	%	7.0	%	-16.2	%	-6.6	%	2.7	%	-12.8	%	-3.0	%
Other (expenses) and income:
Foriegn exchange, net	6		(6	)	(16	)	7		7		(2	)	(4	)	(29	)	(27	)	27		(0	)	(29	)	(66	)
Other Inc/(Exp)	(187	)	(184	)	(128	)	(172	)	(146	)	(81	)	(159	)	(193	)	(85	)	(171	)	(223	)	(424	)	(2,153	)
Other income/(expense)	(181	)	(190	)	(145	)	(165	)	(138	)	(84	)	(164	)	(221	)	(112	)	(144	)	(223	)	(453	)	(2,219	)
Interest Income	(29	)	(21	)	(33	)	(24	)	(17	)	(49	)	(17	)	(19	)	(38	)	(20	)	(19	)	(46	)	(332	)
Interest Expense	172		166		172		152		191		180		153		189		209		218		223		230		2,256
Interest (income)/expense	142		144		140		128		174		132		136		170		171		199		205		184		1,925
Net Income Before Taxes	(1,055	)	(268	)	(1,394	)	(291	)	(89	)	716		(1,161	)	499		(2,103	)	(1,143	)	(71	)	(2,347	)	(8,709	)
Current income tax expense	(286	)	(42	)	(137	)	(56	)	(17	)	174		(157	)	60		(2,665	)	(540	)	(34	)	(884	)	(4,583	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(769	)	(226	)	(1,258	)	(235	)	(72	)	541		(1,004	)	439		562		(603	)	(38	)	(1,466	)	(4,129	)
Adjustments:
Amortization of intangibles	(99	)	(105	)	(104	)	(87	)	(90	)	(90	)	(90	)	(90	)	(58	)	(94	)	(94	)	(94	)	(1,096	)
Interest Income (Net of Tax @ 39%)	18		13		20		14		10		30		10		12		23		12		11		28		202
Interest Expense (Net of Tax @ 39%)	(105	)	(101	)	(105	)	(92	)	(117	)	(110	)	(93	)	(116	)	(128	)	(133	)	(136	)	(140	)	(1,376	)
Total adjustments	(186	)	(193	)	(189	)	(165	)	(196	)	(171	)	(173	)	(194	)	(162	)	(215	)	(219	)	(206	)	(2,270	)
NOPAT	(583	)	(33	)	(1,069	)	(70	)	124		712		(820	)	633		725		(388	)	181		(1,259	)	(1,859	)
EBITDA	(12	)	782		(308	)	723		984		1,745		(128	)	1,567		(1,081	)	(49	)	1,027		(1,388	)	3,853

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Americas Equipment
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	3,867		3,791		4,491		4,465		4,213		4,876		2,883		2,543		3,630		2,571		2,869		2,694		42,892
COGS @ Actual	2,818		2,535		2,928		3,256		2,712		3,456		1,987		2,022		2,643		1,916		2,113		2,168		30,554
PGM @ Actual	1,048		1,256		1,563		1,208		1,501		1,421		896		521		988		655		756		525		12,338
Product Gross Margin %	27.1	%	33.1	%	34.8	%	27.1	%	35.6	%	29.1	%	31.1	%	20.5	%	27.2	%	25.5	%	26.3	%	19.5	%	28.8	%
Plant Overhead	30		3		16		16		24		19		19		18		19		18		19		20		218
Production Service expense	0		0		0		0		0		0		0		0		0		0		0		0		0
Total Period Costs	30		3		16		16		24		19		19		18		19		18		19		20		218
Depreciation	112		107		127		113		112		115		106		98		109		98		99		83		1,281
Total Gross Margin	907		1,147		1,420		1,079		1,365		1,287		772		404		859		539		638		422		10,839
Gross Margin %	23.4	%	30.3	%	31.6	%	24.2	%	32.4	%	26.4	%	26.8	%	15.9	%	23.7	%	20.9	%	22.2	%	15.7	%	25.3	%
Selling expense	422		386		432		406		374		355		334		430		401		411		427		402		4,782
Marketing expense	59		46		40		49		30		10		35		25		28		36		39		50		448
Manufacturing and engineering	222		101		34		138		83		83		98		150		333		84		124		145		1,595
Research and development	73		72		78		83		73		74		63		65		74		78		83		96		913
General and Administrative	376		696		787		680		394		643		830		380		785		642		648		719		7,579
Operating Expenses	1,153		1,303		1,372		1,356		953		1,165		1,360		1,051		1,621		1,251		1,320		1,410		15,316
Restructuring charge	0		130		225		1		8		7		2		6		1		0		0		(2	)	377
Operating income	(246	)	(286	)	(177	)	(278	)	404		115		(590	)	(653	)	(763	)	(713	)	(682	)	(986	)	(4,854	)
Operating Margin %	-6.4	%	-7.6	%	-3.9	%	-6.2	%	9.6	%	2.4	%	-20.5	%	-25.7	%	-21.0	%	-27.7	%	-23.8	%	-36.6	%	-11.3	%
Other (expenses) and income:
Foriegn exchange, net	2		(2	)	(6	)	3		2		(1	)	(1	)	(8	)	(9	)	6		(0	)	(7	)	(19	)
Other Inc/(Exp)	(19	)	(20	)	(6	)	(14	)	(10	)	10		(73	)	(31	)	(38	)	(21	)	(37	)	75		(184	)
Other income/(expense)	(17	)	(22	)	(11	)	(11	)	(8	)	9		(74	)	(39	)	(47	)	(15	)	(37	)	68		(203	)
Interest Income	(11	)	(7	)	(11	)	(9	)	(5	)	(18	)	(5	)	(5	)	(12	)	(4	)	(5	)	(10	)	(103	)
Interest Expense	64		51		58		60		60		65		45		50		68		50		56		52		679
Interest (income)/expense	53		44		47		51		55		48		40		45		56		45		51		42		576
Net Income Before Taxes	(316	)	(352	)	(235	)	(339	)	342		76		(704	)	(737	)	(865	)	(773	)	(771	)	(959	)	(5,633	)
Current income tax expense	(86	)	(55	)	(23	)	(65	)	65		19		(96	)	(88	)	(1,097	)	(365	)	(364	)	(360	)	(2,515	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(230	)	(298	)	(212	)	(274	)	277		58		(608	)	(648	)	231		(408	)	(406	)	(599	)	(3,118	)
Adjustments:
Amortization of intangibles	(13	)	(13	)	(15	)	(5	)	(10	)	(10	)	(9	)	(6	)	(31	)	(5	)	(6	)	(5	)	(126	)
Interest Income (Net of Tax @ 39%)	7		4		7		6		3		11		3		3		8		3		3		6		63
Interest Expense (Net of Tax @ 39%)	(39	)	(31	)	(35	)	(37	)	(37	)	(40	)	(28	)	(30	)	(42	)	(30	)	(34	)	(32	)	(414	)
Total adjustments	(45	)	(40	)	(43	)	(36	)	(43	)	(39	)	(33	)	(33	)	(65	)	(33	)	(37	)	(30	)	(478	)
NOPAT	(185	)	(258	)	(169	)	(239	)	320		97		(575	)	(615	)	296		(375	)	(369	)	(568	)	(2,640	)
EBITDA	(138	)	(189	)	(46	)	(171	)	519		249		(549	)	(588	)	(669	)	(624	)	(614	)	(829	)	(3,650	)

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Americas Consumer
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	232		236		771		308		445		240		258		395		527		695		535		181		4,824
COGS @ Actual	115		74		485		106		264		114		132		206		366		456		383		160		2,862
PGM @ Actual	117		161		286		202		181		126		126		189		161		239		152		21		1,963
Product Gross Margin %	50.3	%	68.4	%	37.1	%	65.7	%	40.8	%	52.5	%	48.9	%	47.9	%	30.5	%	34.4	%	28.3	%	11.5	%	40.7	%
Plant Overhead	0		0		0		0		0		0		0		0		0		0		0		0		0
Production Service expense	0		0		0		0		0		0		0		0		0		0		0		0		0
Total Period Costs	0		0		0		0		0		0		0		0		0		0		0		0		0
Depreciation	2		2		10		3		4		2		3		4		5		7		5		1		49
Total Gross Margin	114		159		277		199		177		124		123		185		156		232		147		19		1,913
Gross Margin %	49.3	%	67.5	%	35.9	%	64.8	%	39.8	%	51.7	%	47.8	%	46.9	%	29.5	%	33.4	%	27.4	%	10.7	%	39.7	%
Selling expense	8		7		8		8		11		7		7		10		7		9		7		7		97
Marketing expense	34		13		32		83		70		34		73		73		52		22		149		97		732
Manufacturing and engineering	0		0		0		0		0		0		0		0		24		(2	)	0		0		22
Research and development	15		14		16		18		16		16		15		15		16		15		16		19		191
General and Administrative	28		32		45		35		40		26		38		34		49		53		46		60		487
Operating Expenses	85		66		101		144		138		84		133		132		148		98		218		183		1,529
Restructuring charge	0		4		37		0		1		0		0		1		0		0		0		(0	)	42
Operating income	30		89		139		55		39	��	40		(10	)	53		8		134		(72	)	(164	)	342
Operating Margin %	12.9	%	37.9	%	18.0	%	18.0	%	8.7	%	16.5	%	-3.8	%	13.4	%	1.5	%	19.3	%	-13.4	%	-90.3	%	7.1	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(1	)	0		0		(0	)	(0	)	(1	)	(1	)	1		(0	)	(0	)	(2	)
Other Inc/(Exp)	(20	)	(20	)	(21	)	(20	)	(21	)	(19	)	(22	)	(22	)	(20	)	(23	)	(26	)	(25	)	(259	)
Other income/(expense)	(20	)	(20	)	(22	)	(20	)	(20	)	(19	)	(22	)	(23	)	(21	)	(22	)	(26	)	(25	)	(261	)
Interest Income	(0	)	(0	)	(2	)	(0	)	(1	)	(1	)	(0	)	(1	)	(2	)	(1	)	(1	)	(1	)	(9	)
Interest Expense	3		1		10		2		6		2		3		5		9		12		10		4		67
Interest (income)/expense	2		1		8		2		5		2		3		5		8		11		9		3		58
Net Income Before Taxes	8		68		109		34		13		19		(35	)	26		(21	)	102		(107	)	(192	)	23
Current income tax expense	2		11		11		6		2		5		(5	)	3		(27	)	48		(51	)	(72	)	(66	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	5		58		98		27		11		14		(30	)	23		6		54		(56	)	(120	)	89
Adjustments:
Amortization of intangibles	(19	)	(19	)	(20	)	(19	)	(19	)	(19	)	(21	)	(19	)	(19	)	(19	)	(20	)	(19	)	(232	)
Interest Income (Net of Tax @ 39%)	0		0		1		0		0		0		0		0		1		1		1		0		6
Interest Expense (Net of Tax @ 39%)	(2	)	(1	)	(6	)	(1	)	(4	)	(1	)	(2	)	(3	)	(6	)	(7	)	(6	)	(2	)	(41	)
Total adjustments	(20	)	(20	)	(25	)	(20	)	(22	)	(20	)	(23	)	(22	)	(24	)	(26	)	(26	)	(21	)	(267	)
NOPAT	26		77		123		47		33		34		(7	)	44		29		79		(31	)	(99	)	357
EBITDA	31		91		146		57		42		42		(8	)	53		11		139		(73	)	(168	)	362

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Asia Consolidated
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	1,022		927		1,120		1,279		1,056		1,612		997		717		1,177		1,283		1,615		1,431		14,234
COGS @ Actual	536		380		626		716		370		899		546		351		753		748		926		1,024		7,874
PGM @ Actual	486		547		494		562		685		713		450		366		424		535		689		408		6,360
Product Gross Margin %	47.6	%	59.0	%	44.1	%	44.0	%	64.9	%	44.2	%	45.2	%	51.0	%	36.1	%	41.7	%	42.7	%	28.5	%	44.7	%
Plant Overhead	74		87		88		93		93		82		81		95		92		148		93		150		1,176
Production Service expense	69		48		50		72		53		49		51		48		59		60		59		81		700
Total Period Costs	144		135		138		164		146		130		132		144		150		207		153		232		1,876
Depreciation	125		131		127		121		120		124		120		111		120		239		189		0		1,527
Total Gross Margin	217		280		229		277		419		459		198		111		154		89		348		176		2,957
Gross Margin %	21.3	%	30.2	%	20.5	%	21.7	%	39.7	%	28.5	%	19.9	%	15.5	%	13.1	%	6.9	%	21.5	%	12.3	%	20.8	%
Selling expense	58		99		95		93		97		105		60		110		45		84		120		98		1,063
Marketing expense	27		24		21		20		49		18		21		19		40		39		49		24		351
Manufacturing and engineering	0		0		0		0		0		0		0		0		49		(3	)	0		1		47
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
General and Administrative	77		84		70		180		71		85		86		98		132		111		128		226		1,346
Operating Expenses	162		207		186		293		217		208		166		227		266		230		297		348		2,806
Restructuring charge	0		19		47		0		1		2		0		1		0		0		0		(1	)	71
Operating income	56		54		(4	)	(16	)	201		249		31		(117	)	(113	)	(141	)	51		(171	)	80
Operating Margin %	5.4	%	5.9	%	-0.4	%	-1.2	%	19.1	%	15.5	%	3.1	%	-16.4	%	-9.6	%	-11.0	%	3.1	%	-12.0	%	0.6	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(1	)	1		0		(0	)	(0	)	(1	)	(2	)	2		(0	)	(3	)	(5	)
Other Inc/(Exp)	(6	)	(4	)	(2	)	(7	)	(2	)	1		(6	)	(5	)	(3	)	(7	)	(14	)	(35	)	(90	)
Other income/(expense)	(6	)	(4	)	(3	)	(7	)	(2	)	1		(6	)	(6	)	(5	)	(4	)	(14	)	(39	)	(95	)
Interest Income	(2	)	(1	)	(2	)	(2	)	(1	)	(5	)	(1	)	(1	)	(4	)	(2	)	(2	)	(5	)	(27	)
Interest Expense	12		8		12		13		8		17		12		9		19		19		25		25		180
Interest (income)/expense	10		7		10		11		7		12		11		8		16		18		23		20		152
Net Income Before Taxes	40		44		(17	)	(34	)	192		237		14		(131	)	(133	)	(164	)	14		(229	)	(167	)
Current income tax expense	11		7		(2	)	(6	)	36		58		2		(16	)	(169	)	(77	)	7		(86	)	(236	)
Equity (loss)/income	(12	)	161		124		298		44		8		290		90		17		(16	)	67		(1,796	)	(725	)
Net Income	17		198		109		271		199		188		302		(25	)	53		(102	)	74		(1,939	)	(656	)
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	1		1		1		1		0		3		1		1		2		1		1		3		17
Interest Expense (Net of Tax @ 39%)	(7	)	(5	)	(8	)	(8	)	(5	)	(10	)	(8	)	(5	)	(12	)	(12	)	(15	)	(15	)	(110	)
Total adjustments	(6	)	(4	)	(6	)	(7	)	(5	)	(8	)	(7	)	(5	)	(10	)	(11	)	(14	)	(12	)	(93	)
NOPAT	23		202		115		277		204		195		309		(21	)	62		(91	)	88		(1,927	)	(563	)
EBITDA	174		182		120		98		319		374		146		(12	)	2		93		225		(210	)	1,512

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Asia Carbon & Service
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	917		921		1,084		1,180		976		1,455		981		684		1,121		1,260		1,447		1,374		13,401
COGS @ Actual	472		376		607		707		347		842		534		338		714		729		884		976		7,526
PGM @ Actual	446		545		477		473		629		613		447		346		407		532		564		398		5,875
Product Gross Margin %	48.6	%	59.2	%	44.0	%	40.1	%	64.5	%	42.1	%	45.6	%	50.6	%	36.3	%	42.2	%	38.9	%	29.0	%	43.8	%
Plant Overhead	74		87		88		93		93		82		81		95		92		148		93		150		1,176
Production Service expense	69		48		50		72		53		49		51		48		59		60		59		81		700
Total Period Costs	144		135		138		164		146		130		132		144		150		207		153		232		1,876
Depreciation	124		131		126		120		119		123		120		111		119		239		187		(0	)	1,519
Total Gross Margin	178		278		212		188		364		360		195		91		138		86		224		167		2,480
Gross Margin %	19.4	%	30.2	%	19.5	%	16.0	%	37.3	%	24.7	%	19.9	%	13.4	%	12.3	%	6.8	%	15.5	%	12.1	%	18.5	%
Selling expense	55		96		95		90		95		104		58		108		44		82		118		95		1,041
Marketing expense	27		24		21		20		49		18		21		19		40		39		49		24		351
Manufacturing and engineering	0		0		0		0		0		0		0		0		46		(2	)	0		1		45
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		(0	)
General and Administrative	73		84		69		180		69		83		85		98		130		110		125		222		1,328
Operating Expenses	156		204		185		290		214		205		163		226		260		228		293		341		2,764
Restructuring charge	0		19		46		0		1		2		0		1		0		0		0		(1	)	69
Operating income	23		55		(19	)	(102	)	149		154		31		(135	)	(122	)	(143	)	(69	)	(174	)	(353	)
Operating Margin %	2.5	%	6.0	%	-1.8	%	-8.6	%	15.3	%	10.6	%	3.2	%	-19.8	%	-10.9	%	-11.3	%	-4.8	%	-12.6	%	-2.6	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(1	)	1		0		(0	)	(0	)	(1	)	(2	)	2		(0	)	(3	)	(5	)
Other Inc/(Exp)	(5	)	(4	)	(2	)	(7	)	(2	)	1		(5	)	(5	)	(2	)	(7	)	(14	)	(34	)	(86	)
Other income/(expense)	(5	)	(4	)	(3	)	(7	)	(2	)	1		(6	)	(6	)	(5	)	(4	)	(14	)	(37	)	(91	)
Interest Income	(2	)	(1	)	(2	)	(2	)	(1	)	(4	)	(1	)	(1	)	(3	)	(2	)	(2	)	(5	)	(26	)
Interest Expense	11		8		12		13		8		16		12		8		18		19		24		24		172
Interest (income)/expense	9		7		10		11		7		12		11		8		15		17		22		19		146
Net Income Before Taxes	9		44		(32	)	(120	)	140		143		14		(149	)	(142	)	(164	)	(104	)	(229	)	(589	)
Current income tax expense	2		7		(3	)	(23	)	27		35		2		(18	)	(180	)	(78	)	(49	)	(86	)	(364	)
Equity (loss)/income	(12	)	161		124		298		44		8		290		90		17		(16	)	67		(1,796	)	(725	)
Net Income	(6	)	199		95		201		158		116		302		(41	)	55		(103	)	12		(1,939	)	(950	)
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	1		1		1		1		0		3		1		1		2		1		1		3		16
Interest Expense (Net of Tax @ 39%)	(7	)	(5	)	(7	)	(8	)	(5	)	(10	)	(7	)	(5	)	(11	)	(12	)	(14	)	(14	)	(105	)
Total adjustments	(5	)	(4	)	(6	)	(7	)	(4	)	(7	)	(7	)	(5	)	(9	)	(11	)	(13	)	(11	)	(89	)
NOPAT	(0	)	203		101		208		162		123		309		(36	)	64		(92	)	25		(1,928	)	(861	)
EBITDA	141		182		104		11		266		277		145		(30	)	(8	)	92		105		(211	)	1,076

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Asia Equipment
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	105		6		36		99		79		157		15		33		56		23		167		57		833
COGS @ Actual	64		4		18		9		23		57		12		13		39		19		42		47		348
PGM @ Actual	40		2		18		90		56		100		3		20		17		4		125		9		485
Product Gross Margin %	38.6	%	39.4	%	49.2	%	90.7	%	70.6	%	63.8	%	20.7	%	60.6	%	30.2	%	16.0	%	75.0	%	16.7	%	58.2	%
Plant Overhead	0		0		0		0		0		0		0		0		0		0		0		0		0
Production Service expense	0		0		0		0		0		0		0		0		0		0		0		0		0
Total Period Costs	0		0		0		0		0		0		0		0		0		0		0		0		0
Depreciation	1		0		0		1		1		1		0		0		1		0		2		0		8
Total Gross Margin	39		2		17		89		55		99		3		20		16		3		124		9		477
Gross Margin %	37.6	%	38.5	%	48.0	%	89.8	%	69.6	%	62.9	%	19.5	%	59.5	%	29.2	%	15.0	%	74.0	%	15.9	%	57.3	%
Selling expense	2		2		0		2		1		2		2		2		2		1		2		3		22
Marketing expense	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
Manufacturing and engineering	0		0		0		0		0		0		0		0		3		(0	)	0		0		2
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
General and Administrative	4		0		1		0		1		2		1		0		2		1		2		3		18
Operating Expenses	6		3		1		3		3		3		3		2		6		2		4		7		43
Restructuring charge	0		0		1		0		0		0		0		0		0		0		0		(0	)	2
Operating income	33		(0	)	15		86		52		95		0		18		10		1		120		2		433
Operating Margin %	31.6	%	-7.3	%	41.8	%	86.9	%	66.0	%	60.8	%	1.7	%	54.4	%	17.8	%	5.0	%	71.5	%	4.2	%	51.9	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(0	)	0		0		(0	)	(0	)	(0	)	(0	)	0		(0	)	(0	)	(0	)
Other Inc/(Exp)	(1	)	(0	)	(0	)	(0	)	(0	)	0		(0	)	(0	)	(0	)	(0	)	(1	)	(2	)	(4	)
Other income/(expense)	(1	)	(0	)	(0	)	(0	)	(0	)	0		(0	)	(0	)	(0	)	(0	)	(1	)	(2	)	(4	)
Interest Income	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(1	)
Interest Expense	1		0		0		0		1		1		0		0		1		0		1		1		8
Interest (income)/expense	1		0		0		0		0		1		0		0		1		0		1		1		7
Net Income Before Taxes	31		(1	)	15		86		52		95		(0	)	17		9		1		118		(0	)	422
Current income tax expense	8		(0	)	1		16		10		23		(0	)	2		11		0		56		(0	)	128
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	23		(0	)	13		69		42		72		(0	)	15		(2	)	0		62		(0	)	294
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	0		0		0		0		0		0		0		0		0		0		0		0		1
Interest Expense (Net of Tax @ 39%)	(1	)	(0	)	(0	)	(0	)	(0	)	(1	)	(0	)	(0	)	(1	)	(0	)	(1	)	(1	)	(5	)
Total adjustments	(1	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(0	)	(1	)	(0	)	(1	)	(1	)	(4	)
NOPAT	23		(0	)	14		69		42		72		0		16		(2	)	1		63		0		298
EBITDA	33		(0	)	16		87		53		97		0		18		10		1		121		1		437

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Europe Consolidated
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	7,315		9,258		12,574		13,253		11,925		11,953		11,010		10,468		8,225		8,294		8,778		8,240		121,294
COGS @ Actual	4,411		5,355		7,907		8,432		7,736		8,201		7,455		7,118		5,045		5,631		5,128		4,388		76,807
PGM @ Actual	2,904		3,903		4,668		4,821		4,189		3,753		3,555		3,351		3,180		2,662		3,650		3,852		44,487
Product Gross Margin %	39.7	%	42.2	%	37.1	%	36.4	%	35.1	%	31.4	%	32.3	%	32.0	%	38.7	%	32.1	%	41.6	%	46.7	%	36.7	%
Plant Overhead	733		712		590		711		792		689		685		666		682		627		616		469		7,973
Production Service expense	318		284		359		342		309		296		282		354		245		363		267		273		3,692
Total Period Costs	1,052		997		949		1,053		1,101		986		967		1,020		927		990		883		741		11,665
Depreciation	673		677		751		710		693		667		630		610		585		602		599		504		7,701
Total Gross Margin	1,180		2,229		2,968		3,058		2,396		2,099		1,958		1,721		1,668		1,070		2,168		2,606		25,121
Gross Margin %	16.1	%	24.1	%	23.6	%	23.1	%	20.1	%	17.6	%	17.8	%	16.4	%	20.3	%	12.9	%	24.7	%	31.6	%	20.7	%
Selling expense	480		507		468		490		481		378		452		391		427		446		458		230		5,206
Marketing expense	118		85		85		144		158		125		123		59		86		63		49		71		1,166
Manufacturing and engineering	155		84		117		94		148		89		109		113		436		110		118		103		1,676
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		(0	)
General and Administrative	811		939		1,520		1,044		999		668		986		868		810		820		857		852		11,174
Operating Expenses	1,564		1,615		2,190		1,773		1,786		1,259		1,670		1,431		1,758		1,439		1,482		1,256		19,222
Restructuring charge	0		272		600		1		22		16		6		20		2		1		1		(4	)	936
Operating income	(384	)	342		178		1,284		588		824		282		269		(92	)	(370	)	685		1,355		4,963
Operating Margin %	-5.2	%	3.7	%	1.4	%	9.7	%	4.9	%	6.9	%	2.6	%	2.6	%	-1.1	%	-4.5	%	7.8	%	16.4	%	4.1	%
Other (expenses) and income:
Foriegn exchange, net	4		(4	)	(15	)	7		7		(2	)	(5	)	(27	)	(17	)	18		(0	)	(13	)	(47	)
Other Inc/(Exp)	(96	)	(94	)	(66	)	(131	)	(93	)	(33	)	(118	)	(136	)	(58	)	(93	)	(121	)	(194	)	(1,233	)
Other income/(expense)	(92	)	(98	)	(81	)	(124	)	(86	)	(35	)	(122	)	(163	)	(75	)	(75	)	(121	)	(207	)	(1,280	)
Interest Income	(17	)	(14	)	(30	)	(24	)	(15	)	(42	)	(19	)	(18	)	(24	)	(13	)	(11	)	(21	)	(248	)
Interest Expense	100		107		157		156		171		154		169		176		130		146		136		106		1,709
Interest (income)/expense	83		94		127		132		156		113		150		158		106		133		125		85		1,461
Net Income Before Taxes	(559	)	150		(30	)	1,029		346		676		9		(52	)	(273	)	(578	)	439		1,063		2,222
Current income tax expense	(152	)	23		2		197		66		165		1		(6	)	(346	)	(273	)	208		399		284
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(407	)	127		(32	)	832		281		512		8		(46	)	73		(305	)	232		664		1,938
Adjustments:
Amortization of intangibles	(45	)	(43	)	(44	)	(44	)	(43	)	(41	)	(41	)	(41	)	(41	)	(42	)	(42	)	(42	)	(509	)
Interest Income (Net of Tax @ 39%)	10		8		18		15		9		25		12		11		14		8		7		13		151
Interest Expense (Net of Tax @ 39%)	(61	)	(66	)	(96	)	(95	)	(104	)	(94	)	(103	)	(107	)	(79	)	(89	)	(83	)	(64	)	(1,042	)
Total adjustments	(95	)	(100	)	(121	)	(124	)	(138	)	(110	)	(133	)	(138	)	(106	)	(123	)	(118	)	(94	)	(1,400	)
NOPAT	(312	)	227		650		956		419		621		141		92		179		(182	)	350		758		3,338
EBITDA	241		964		1,508		1,914		1,238		1,498		830		758		459		199		1,206		1,694		11,892

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Europe Carbon & Service
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	5,628		6,203		6,771		6,465		6,634		6,501		7,138		7,548		6,447		6,235		6,385		5,521		77,476
COGS @ Actual	3,220		3,563		3,883		3,639		3,979		4,003		4,416		4,967		3,615		4,178		3,622		2,670		45,756
PGM @ Actual	2,407		2,640		2,888		2,826		2,654		2,498		2,722		2,581		2,833		2,057		2,763		2,851		31,720
Product Gross Margin %	42.8	%	42.6	%	42.6	%	43.7	%	40.0	%	38.4	%	38.1	%	34.2	%	43.9	%	33.0	%	43.3	%	51.6	%	40.9	%
Plant Overhead	442		433		521		427		461		463		407		426		381		365		358		388		5,072
Production Service expense	255		239		267		290		233		256		237		314		202		327		225		263		3,108
Total Period Costs	696		671		789		716		694		719		644		740		582		692		583		652		8,180
Depreciation	535		529		558		528		525		508		480		474		461		475		471		392		5,936
Total Gross Margin	1,176		1,440		1,541		1,582		1,435		1,271		1,598		1,367		1,790		890		1,709		1,807		17,605
Gross Margin %	20.9	%	23.2	%	22.8	%	24.5	%	21.6	%	19.5	%	22.4	%	18.1	%	27.8	%	14.3	%	26.8	%	32.7	%	22.7	%
Selling expense	377		396		377		373		376		332		360		339		323		334		346		180		4,112
Marketing expense	62		63		56		77		80		67		72		49		73		60		48		64		771
Manufacturing and engineering	66		63		53		46		117		44		57		45		280		36		46		57		909
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		(0	)
General and Administrative	613		687		1,242		667		655		475		689		653		617		642		645		594		8,180
Operating Expenses	1,117		1,209		1,728		1,163		1,229		918		1,177		1,086		1,294		1,072		1,085		896		13,971
Restructuring charge	0		181		295		1		11		8		4		14		1		1		0		(3	)	513
Operating income	59		50		(482	)	419		195		345		418		267		495		(183	)	624		914		3,121
Operating Margin %	1.1	%	0.8	%	2.0	%	6.5	%	2.9	%	5.3	%	5.9	%	3.5	%	7.7	%	-2.9	%	9.8	%	16.5	%	4.0	%
Other (expenses) and income:
Foriegn exchange, net	3		(3	)	(7	)	3		3		(1	)	(3	)	(19	)	(12	)	13		(0	)	(8	)	(30	)
Other Inc/(Exp)	(82	)	(77	)	(55	)	(82	)	(69	)	(37	)	(86	)	(108	)	(53	)	(80	)	(97	)	(134	)	(961	)
Other income/(expense)	(80	)	(80	)	(62	)	(78	)	(65	)	(38	)	(89	)	(126	)	(65	)	(67	)	(98	)	(142	)	(991	)
Interest Income	(12	)	(9	)	(15	)	(11	)	(8	)	(20	)	(11	)	(12	)	(17	)	(10	)	(8	)	(13	)	(146	)
Interest Expense	73		71		77		67		88		75		100		123		93		109		96		64		1,037
Interest (income)/expense	60		62		62		57		80		55		89		110		76		99		88		51		891
Net Income Before Taxes	(81	)	(92	)	(606	)	284		50		252		239		30		353		(348	)	438		720		1,239
Current income tax expense	(22	)	(14	)	(54	)	54		9		61		33		4		448		(165	)	207		270		831
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(59	)	(78	)	(552	)	230		40		191		207		27		(94	)	(184	)	231		449		408
Adjustments:
Amortization of intangibles	(45	)	(43	)	(44	)	(44	)	(43	)	(41	)	(41	)	(41	)	(41	)	(42	)	(42	)	(42	)	(509	)
Interest Income (Net of Tax @ 39%)	8		6		9		6		5		12		7		8		10		6		5		8		89
Interest Expense (Net of Tax @ 39%)	(44	)	(44	)	(47	)	(41	)	(54	)	(46	)	(61	)	(75	)	(57	)	(66	)	(59	)	(39	)	(633	)
Total adjustments	(82	)	(81	)	(82	)	(79	)	(92	)	(75	)	(95	)	(108	)	(88	)	(102	)	(96	)	(73	)	(1,053	)
NOPAT	23		3		91		308		132		265		302		135		(7	)	(82	)	327		523		1,460
EBITDA	559		542		675		912		698		856		850		656		931		268		1,039		1,205		8,575

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Europe Equipment
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	10		974		887		879		581		260		387		588		607		353		608		519		6,654
COGS @ Actual	149		619		763		628		410		246		316		409		440		288		343		175		4,787
PGM @ Actual	(139	)	355		124		251		171		13		71		179		167		65		266		345		1,867
Product Gross Margin %	-1357.5	%	36.5	%	14.0	%	28.5	%	29.4	%	5.1	%	18.3	%	30.4	%	27.5	%	18.3	%	43.6	%	66.4	%	28.1	%
Plant Overhead	0		0		0		0		0		0		0		0		0		0		0		0		0
Production Service expense	0		0		0		0		0		0		0		0		0		0		0		0		0
Total Period Costs	0		0		0		0		0		0		0		0		0		0		0		0		0
Depreciation	15		24		26		23		20		16		15		17		17		15		17		14		219
Total Gross Margin	(154	)	331		98		228		151		(3	)	56		162		150		49		248		331		1,648
Gross Margin %	-1504.3	%	34.0	%	11.0	%	25.9	%	26.0	%	-1.0	%	14.4	%	27.6	%	24.7	%	14.0	%	40.8	%	63.7	%	24.8	%
Selling expense	20		20		20		21		18		15		19		18		20		28		17		(5	)	211
Marketing expense	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
Manufacturing and engineering	78		8		55		39		21		38		42		59		82		68		66		42		598
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
General and Administrative	55		92		83		86		69		36		64		65		68		60		67		60		806
Operating Expenses	153		120		158		146		108		89		125		142		170		156		151		97		1,614
Restructuring charge	0		31		58		0		1		0		0		1		0		0		0		(0	)	93
Operating income	(307	)	180		(118	)	82		42		(92	)	(70	)	18		(20	)	(107	)	98		234		(59	)
Operating Margin %	-3001.1	%	18.5	%	-13.3	%	9.3	%	7.3	%	-35.5	%	-18.0	%	3.1	%	-3.3	%	-30.3	%	16.1	%	45.0	%	-0.9	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(1	)	1		0		(0	)	(0	)	(2	)	(1	)	1		(0	)	(1	)	(4	)
Other Inc/(Exp)	(2	)	(6	)	(2	)	(6	)	(3	)	0		(3	)	(5	)	(1	)	(3	)	(5	)	(6	)	(43	)
Other income/(expense)	(2	)	(6	)	(4	)	(6	)	(2	)	0		(3	)	(7	)	(3	)	(2	)	(5	)	(7	)	(47	)
Interest Income	(1	)	(2	)	(3	)	(2	)	(1	)	(1	)	(1	)	(1	)	(2	)	(1	)	(1	)	(1	)	(15	)
Interest Expense	3		12		15		12		9		5		7		10		11		7		9		4		106
Interest (income)/expense	3		11		12		10		8		3		6		9		9		7		8		3		91
Net Income Before Taxes	(311	)	163		(134	)	66		32		(95	)	(79	)	2		(32	)	(115	)	84		224		(196	)
Current income tax expense	(84	)	25		(13	)	13		6		(23	)	(11	)	0		(41	)	(55	)	40		84		(59	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(227	)	137		(121	)	54		26		(72	)	(69	)	2		9		(61	)	44		140		(137	)
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	0		1		2		1		0		1		0		1		1		0		0		1		9
Interest Expense (Net of Tax @ 39%)	(2	)	(8	)	(9	)	(7	)	(6	)	(3	)	(4	)	(6	)	(7	)	(5	)	(6	)	(3	)	(64	)
Total adjustments	(2	)	(7	)	(7	)	(6	)	(5	)	(2	)	(4	)	(6	)	(6	)	(4	)	(5	)	(2	)	(55	)
NOPAT	(225	)	144		(113	)	60		31		(70	)	(65	)	8		14		(57	)	49		142		(82	)
EBITDA	(293	)	197		(96	)	99		60		(76	)	(58	)	28		(6	)	(93	)	110		241		113

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Europe Charcoal/Liquid
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	898		1,261		4,218		5,430		4,179		4,613		3,160		1,557		493		1,155		1,152		1,839		29,955
COGS @ Actual	616		721		2,907		4,001		3,137		3,655		2,536		1,356		555		832		810		1,279		22,404
PGM @ Actual	282		540		1,311		1,429		1,042		958		624		201		(62	)	323		342		560		7,551
Product Gross Margin %	31.4	%	42.8	%	31.1	%	26.3	%	24.9	%	20.8	%	19.7	%	12.9	%	-12.7	%	28.0	%	29.7	%	30.4	%	25.2	%
Plant Overhead	213		201		(20	)	203		262		171		196		176		228		181		187		20		2,020
Production Service expense	64		46		91		53		76		40		45		40		44		36		41		9		584
Total Period Costs	277		247		71		256		338		211		241		216		272		217		228		30		2,604
Depreciation	98		99		141		138		126		122		115		95		84		91		90		82		1,281
Total Gross Margin	(93	)	194		1,099		1,035		578		625		268		(110	)	(419	)	15		24		449		3,666
Gross Margin %	-10.3	%	15.4	%	26.1	%	19.1	%	13.8	%	13.5	%	8.5	%	-7.1	%	-84.9	%	1.3	%	2.1	%	24.4	%	12.2	%
Selling expense	48		50		46		64		58		18		51		11		47		47		49		22		511
Marketing expense	52		18		25		63		75		59		48		6		1		3		4		11		365
Manufacturing and engineering	0		0		0		0		0		0		0		0		36		(3	)	0		1		34
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		(0	)
General and Administrative	84		91		149		250		236		143		197		104		73		80		101		152		1,660
Operating Expenses	183		160		220		378		368		220		296		120		157		127		154		186		2,570
Restructuring charge	0		37		220		1		9		7		2		4		0		0		0		(1	)	279
Operating income	(276	)	(2	)	658		657		202		397		(30	)	(234	)	(576	)	(112	)	(129	)	264		818
Operating Margin %	-30.8	%	-0.2	%	15.6	%	12.1	%	4.8	%	8.6	%	-1.0	%	-15.1	%	-116.8	%	-9.7	%	-11.2	%	14.4	%	2.7	%
Other (expenses) and income:
Foriegn exchange, net	1		(1	)	(5	)	3		3		(1	)	(2	)	(5	)	(2	)	3		(0	)	(4	)	(10	)
Other Inc/(Exp)	(7	)	(7	)	(8	)	(41	)	(20	)	3		(26	)	(18	)	(2	)	(8	)	(12	)	(44	)	(191	)
Other income/(expense)	(7	)	(7	)	(14	)	(38	)	(18	)	3		(28	)	(23	)	(4	)	(5	)	(12	)	(48	)	(201	)
Interest Income	(2	)	(2	)	(11	)	(12	)	(6	)	(19	)	(6	)	(3	)	(3	)	(2	)	(2	)	(6	)	(74	)
Interest Expense	14		14		58		74		69		69		58		33		14		22		22		31		477
Interest (income)/expense	12		13		47		62		63		50		51		30		12		20		20		25		404
Net Income Before Taxes	(294	)	(22	)	598		557		121		349		(109	)	(288	)	(591	)	(137	)	(162	)	191		213
Current income tax expense	(80	)	(3	)	59		107		23		85		(15	)	(34	)	(749	)	(65	)	(76	)	72		(678	)
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	(215	)	(19	)	540		450		98		264		(94	)	(253	)	158		(72	)	(85	)	119		891
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	1		1		7		7		4		11		4		2		2		1		1		4		45
Interest Expense (Net of Tax @ 39%)	(8	)	(9	)	(35	)	(45	)	(42	)	(42	)	(35	)	(20	)	(9	)	(13	)	(13	)	(19	)	(291	)
Total adjustments	(7	)	(8	)	(28	)	(38	)	(38	)	(31	)	(31	)	(18	)	(7	)	(12	)	(12	)	(15	)	(246	)
NOPAT	(207	)	(11	)	568		488		137		295		(63	)	(235	)	165		(60	)	(73	)	134		1,137
EBITDA	(185	)	90		786		757		310		522		57		(162	)	(495	)	(26	)	(52	)	298		1,898

Attachment (j)

Calgon Carbon Corporation
Profit Segment Reporting
Europe CCI
2005 Actual - Income Statement

	January		February		March		April		May		June		July		August		September		October		November		December		Total
Net Sales	779		819		698		479		531		580		325		776		678		551		633		360		7,210
COGS @ Actual	426		452		353		164		210		296		187		386		436		334		354		264		3,861
PGM @ Actual	353		367		345		315		322		284		138		390		242		218		279		96		3,349
Product Gross Margin %	45.3	%	44.9	%	49.4	%	65.7	%	60.6	%	48.9	%	42.4	%	50.2	%	35.8	%	39.5	%	44.1	%	26.7	%	46.5	%
Plant Overhead	78		79		89		81		69		56		82		64		73		80		71		60		882
Production Service expense	0		0		0		0		0		0		0		0		0		0		0		0		0
Total Period Costs	78		79		89		81		69		56		82		64		73		80		71		60		882
Depreciation	25		25		26		21		22		21		19		24		23		21		21		16		265
Total Gross Margin	250		264		230		212		231		207		36		302		147		116		186		20		2,203
Gross Margin %	32.1	%	32.3	%	33.0	%	44.3	%	43.5	%	35.7	%	11.1	%	39.0	%	21.7	%	21.0	%	29.5	%	5.6	%	30.6	%
Selling expense	35		41		25		32		29		13		23		23		37		36		46		33		373
Marketing expense	4		4		4		4		4		(1	)	3		4		11		1		(3	)	(4	)	31
Manufacturing and engineering	12		12		9		9		10		7		11		9		38		9		6		3		135
Research and development	0		0		0		0		0		0		0		0		0		(0	)	0		0		0
General and Administrative	60		70		46		41		39		13		36		46		51		38		44		45		528
Operating Expenses	110		127		84		87		82		32		72		83		138		84		93		77		1,067
Restructuring charge	0		23		27		0		1		1		0		1		0		0		0		(0	)	52
Operating income	140		114		119		126		149		174		(36	)	218		9		32		93		(56	)	1,083
Operating Margin %	18.0	%	14.0	%	17.1	%	26.2	%	28.1	%	30.0	%	-11.0	%	28.2	%	1.3	%	5.9	%	14.8	%	-15.7	%	15.0	%
Other (expenses) and income:
Foriegn exchange, net	0		(0	)	(1	)	0		0		(0	)	(0	)	(1	)	(1	)	1		(0	)	(1	)	(3	)
Other Inc/(Exp)	(5	)	(4	)	(1	)	(2	)	(1	)	0		(2	)	(5	)	(1	)	(3	)	(5	)	(9	)	(39	)
Other income/(expense)	(5	)	(5	)	(2	)	(2	)	(1	)	0		(2	)	(7	)	(3	)	(2	)	(5	)	(10	)	(42	)
Interest Income	(2	)	(1	)	(1	)	(0	)	(0	)	(2	)	(0	)	(1	)	(2	)	(1	)	(1	)	(1	)	(13	)
Interest Expense	10		9		7		3		5		6		4		10		11		9		9		6		88
Interest (income)/expense	8		8		6		3		4		4		4		9		9		8		9		5		76
Net Income Before Taxes	127		102		112		122		144		170		(42	)	203		(3	)	22		79		(71	)	965
Current income tax expense	35		16		11		23		27		41		(6	)	24		(4	)	11		38		(27	)	189
Equity (loss)/income	0		0		0		0		0		0		0		0		0		0		0		0		0
Net Income	93		86		101		98		117		129		(36	)	179		1		12		42		(45	)	777
Adjustments:
Amortization of intangibles	0		0		0		0		0		0		0		0		0		0		0		0		0
Interest Income (Net of Tax @ 39%)	1		1		1		0		0		1		0		1		1		0		0		1		8
Interest Expense (Net of Tax @ 39%)	(6	)	(6	)	(4	)	(2	)	(3	)	(3	)	(3	)	(6	)	(7	)	(5	)	(6	)	(4	)	(54	)
Total adjustments	(5	)	(5	)	(3	)	(2	)	(3	)	(2	)	(2	)	(5	)	(6	)	(5	)	(5	)	(3	)	(46	)
NOPAT	98		91		105		100		119		131		(34	)	184		7		17		47		(41	)	823
EBITDA	160		134		143		146		170		196		(18	)	236		29		51		109		(50	)	1,306