Our main goal is: Quality Procedures and Outstanding Service

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1 Our main goal is: Quality Procedures and Outstanding Service Our emploeeys have decades of solid experience and knowhow in Plant Maintenance All technical service at one place, mechanical, electrical, auto mechanic and material sale Grundartanga 301 Akranes

Maintenance All technical service at one place, mechanical,

2 Page 2 GT TÆKNI LTD. - GRUNDARTANGA, Grundartanga, 301 Akranes gtt@gtt.is The beginning was founded from the core of the Technical department of Icelandic Alloys ltd. in April 2002 with 25 employees. The foundation was a result of an outsourcing process within Icelandic Alloys ltd. and its Parent Company, ELKEM ASA. TABLE OF CONTENT The beginning 1 The service within GT Tækni is very broad 1 Mechanical department 2 Electrical department 2 Special knowledge 3 Material sale and stock 3 Over seas co-operation 4 Where are we? 5 Company information. 6 The service that GT Tækni provides today is with in maintenance, production and spare parts handling, sales, purchasing and projects. The service can be divided into three main departments; Mechanical, Electrical and Sales and Spare Part Stock. Since the startup day a lot of water has passed under the bridge. Late in 2004 the number of employees was well over 40 all having extensive practice in Plant maintenance. Assembling a rubber conveyer belt The service of GT Tækni is very broad Maintenance and repair service within mechanical-, vehicle- and electrical field New constructions, renewal and implementing mechanical and electrical equipments Production of electrode mantel and high pressure hoses Material sale and Spare Part stock Technical service in the Hvalfjördur tunnel Preventive maintenance and inspections routines on mechanical and electrical equipments Plant maintenance Within the mechanical department our employees have very good knowledge in Crushing and Screening equipments, Transport equipments, Hydraulic Systems and in General Plant Maintenance

TABLE OF CONTENT The beginning 1 The service within GT Tækni is very broad 1 Mechanical department 2 Electrical department 2 Special knowledge 3 Material sale and stock 3 Over seas co-operation 4

3 Page 3 Mechanical department The mechanical department is divided into four areas. Mechanical work shop, Metal work shop, Vehicle work shop and Production area where metal electrode casing for Icelandic Alloys are produced. The area that GT Tækni has for the mechanical department is a hall of m 2 and 10 m height. There are four large doors high. There are two overhead cranes of 5 tons each and one 16 tons lift in the Vehicle workshop. The workshops are well equipped for all mechanical and electrical work and maintenance. Production In our production line the Company produces annually pcs of metal electrode casings. The dimension of each casing is 2m in height and Working on productin of electrode casing for Icelandic Alloys 1,8 m in diameter. In our Vehicle shop nothing is impossible. Repair of cars, fork lifts, trucks and everything on wheels or belts from bicycles to over 40 tons container truck lift. We have special knowledge in hydraulic systems in stocking cars. The stoking cars are rebuilt in our Vehicle shop so they can take the load when stoking in extreme hot environment in the FeSi furnaces. In the Vehicle shop there long experience in servicing : Hyster Caterpillar Kalmar Case Still - Volvo Komatzu Brokk Clark Electrical department The Electrical department is divided into two areas, the Electric shop and the Electronic shop. The area that GT Tækni has for the electrical department is approximately 115 m2. The Electric shop is equipped with 1 tons overhead crane and a large door. The workshops are well equipped for all electrical work high or low voltages, electronic work and maintenance. The electrical department has license to operate in general electrical work (B-license) and in the high voltage electrical work (A- license). The electrical department also has the responsibility and licenses for all electrical equipments in the Hvalfjördur tunnel. The electrical department handles all general repair and maintenance as well as renewal and rebuilding of electrical equipments. The electrical department serves the whole electrical spectrum within the heavy industry, from the low voltages to the extreme high voltage end of the industry. In the electrical department there is much experience in working with: ASEA Siemens and ABB high voltage equipments PLC- A and B license

The area that GT Tækni has for the mechanical department is a hall of 1.000 m 2 and 10 m height. There are four large doors high.

4 Page 4 Special knowledge Extreme heat and floating metal Decades of experience lies within the company in servicing equipments related to heavy industry. There is also special knowledge in plant maintenance, planned and preventative maintenance, repair and building of new equipment. Due to the extreme environment that the equipments are operated in at Icelandic Alloys, a special knowledge has developed in how to operate and prevent the equipments from tearing dust, extreme heat and metal that reaches the temperature of C. The tunnel of Hvalfjörður GT Tækni handles and provides all the technical service that the Hvalfjördur tunnel needs. This covers all from general maintenance and repair to painting and asphalting the road surface. In fact everything that concerns equipment, renewing equipments and maintenance in its broadest aspect. The company also provides callout service 24/7 for safety reasons. Belt conveyers GT Tækni has excellent experience in maintaining belt conveyers, crushing equipments, screening equipments and repairing and vulcanizing rubber conveyers belts. The specialization in crushing- and screening equipments is high and in its maintenance and adjustment. Equipments and special knowledge is within the company to assemble rubber conveyer belts with cold gluing or hot vulcanizing. Assembling a rubber conveyer belt demands discipline work methods and specialized equipments. The dimension of the rubber belts is from 50 cm to 120 cm and from two layers up to four layers. Mechanics, electrics, electronics, auto mechanics and material sale all in one place GT Tækni GT Tækni provides callout service 24/7 from mechanics and electrics Material sale and stock Material sales and stock holding are divided into two fields: Purchasing of spare parts and stock holding for Icelandic Alloys ltd and GT Tækni own material purchasing, stock holding and sales. The material sales from GT Tækni spare part stock is mainly related to machinery and el-material. Also included in this field are the production of high pressure hoses and equipments together with rentals of tools and equipments. Clerk working in the spare part stock Material sales of steel, el-material, safety equipments, tools e.t.c.

Due to the extreme environment that the equipments are operated in at Icelandic Alloys, a special knowledge has developed in how to operate and prevent the equipments from tearing dust, extreme heat

5 Page 5 Over seas co-operation INC is second largest owner in GT Tækni. This connection and the co-operation gives opportunities to get access to special knowledge from our partner.

6 Page 6 Where are we? Our emploeeys have decades of solid experience and knowhow in Plant Maintenance The industry area at Grundartangi GT Tækni headquarters.

7 Page 7 Company information MEMO TO WHOM IT MAY CONCERN GT Tækni ehf - Company information 8. January 2004 Soc.sec. number : Name : GT Tækni ehf Address : Grundartanga Zip / City : 301 Akranes VAT number : Bank : Landsbanki Íslands hf Address : Akranes Bank number : 0186 Account : IBAN : IS SWIFT (BIC) : LAISISRE gtt@gtt.is Web site : Telephone office : Fax office : Telephone Stock : Stock Manager Telephone Stock : Stock Service Fax stock / purchase : Purchasing Manager / Stock Tel. Vehicle shop : Vehicle Shop Tel. Electrical Shop : Electrical Shop Tel. Mechanical Shop : Mechanical Shop Key employees: Position Name Telephone Mobile and then tel.no. General Manager : Bolli Árnason bolli.arnason@gtt.is Financial Manager : Pálmi Vilhjálmsson palmi@gtt.is Service Manager : Gylfi R. Guðmundsson gylfi@gtt.is Electric Forman : Sævar Ríkarðsson saevar@gtt.is Purchasing Manager : Gunnar Viðarsson gunnar.vidarsson@gtt.is Stock Manager : Axel Jónsson lager@gtt.is No. of employees ca. : 40 Other employees : Se website For further information : Se website or contact: Bolli Árnason

: IS66 0186 2600 0461 4804 0240 50 SWIFT (BIC) : LAISISRE Email : gtt@

8 Page 8 GT Tækni ltd Grundartangi Tel: Fax: We are on the web! Visit us on : gtt@gtt.is Quality procedures and outstanding service Grundartanga 301 Akranes Iceland Best regards,

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