Document daEgZmR5znw0qVmMjkJqere4b

elOvk Page 33 of 84 Table of Contents The table below provides information about Cooper's derivative financial instruments and other financial instruments at December 31, 2003 that are sensitive to changes in interest rates Additionally, information on foreign denominated debt obligations that are sensitive to foreign currency exchange rates is presented For debt obligations the table presents principal cash flows by expected maturity dates and weighted average interest rates The information is presented in U S Dollar equivalents The actual cash flows are denominated in U S Dollars, Euros and British Pound Sterling as mdicated in parentheses For interest-rate swaps, the table presents notional amounts and weighted average interest rates by contractual maturity dates Notional amounts are used to calculate the contractual payments to be exchanged under the contract The average pay-rate on interest-rate swaps is based on implied forward-rates m the yield curve as of December 31, 2003 Long-term debt 2004 2005 2006 2007 ($ in millions) 2008 Thereafter Total Fixed-rate (U S Dollar) Average interest-rate $ 04 $229 9 $1 14 $300 4 $100 3 $ 277 0 $919 4 5 8% 5 8% 5 5% 5 6% 5 6% 5 5% 5 8% Fixed-rate (Euro) $-- $374 6 $-- $-- $-- $-- $374 6 Average interest-rate Variable-rate (GBP) Average interest-rate 6 3% 6 3% -- $-- $2 9 9 $-- 3 6% 3 6% -- -- $-- -- -- $-- -- -- $ __ -- 6 3% $ 29 9 3 6% Variable-rate (U S Dollar) Average interest-rate $-- $-- $-- $-- $-- $ 1 2% 1 2% 1 2% 1 2% 1 2% 80 $ 80 1 2% 1 2% Interest-rate swaps Fixed to variable Notional amount!') Average pay-rate Average receive-rate $300 0 3 34% 5 25% $300 0 4 81% 5 25% $300 0 5 95% 5 25% $300 0 6 46% 5 25% $-- -- -- $-- -- -- $300 0 4 95% 5 25% 0) Cooper entered into interest-rate swaps to effectively convert its fixed-rate $300 million senior unsecured debt due in July 2007 to variable-rate debt The table below provides information about Cooper's foreign currency forward exchange contracts to purchase currencies in excess of $5 million at December 31, 2003 The contracts mature during 2004 The notional amount is used to calculate the contractual payments exchanged under the contracts The notional amount represents the U S dollar equivalent Canadian Dollar Functional Currency 2004 (in millions, where applicable) Buy U S Dollars / Sell Canadian Dollars Notional amount Average contract rate $ 27 1 0 7147 Euro Functional Currency Buy U S Dollars / Sell Euro Notional amount Average contract rate $ 75 1129 28 http //www sec gov/Archives/edgar/data/1141982/000095012905001490/h22660el0vk.htm 2/6/2006