COOPER INDUSTRIES, INC.

COOPER INDUSTRIES LTD(Form 424B2, Received 10/25/2002 13 39 31) Page 40 of 68 businesses acquired prior to 2001 In 2000, Cooper completed two large acquisitions and three small product-line acquisitions in its Electrical Products segment and one small acquisition in its Tools & Hardware segment for an aggregate cost of $578 4 million, subject to adjustment as provided in the acquisition agreements A total of $378 2 million m goodwill was recorded, including an additional $23 2 million m 2001, with respect to the acquisitions In March 2000, Cooper acquired Eagle Electric for a total cost of $124 6 million Eagle Electric manufactures and sells electrical wiring devices including switches, receptacles, plugs and connectors, cords and other electrical accessories to the residential and commercial markets In May 2000, Cooper acquired B-Line Systems for a total cost of $430 6 million B-Line Systems manufactures and markets support systems and enclosures for electrical, mechanical and telecommumcations/data applications In 1999, Cooper completed eight acquisitions in its Electrical Products segment and two small acquisitions in its Tools & Hardware segment for an aggregate cost of $443 8 million The acquisitions include two businesses in the United Kingdom and a business m France that expanded the product offerings of the Cooper European based division, three domestic hghting businesses and four other small product-line acquisitions A total of $354 4 million in goodwill was recorded, including an additional $16 2 million in 2000, with respect to the acquisitions.

elOvk Page 7 of 84 Table of Contents Operations in the United States are conducted by wholly-owned subsidiaries of Cooper, organized by the two business segments Activities outside the United States contribute significantly to the revenues and operating earnings of both segments of Cooper These activities are conducted in major commercial countries by wholly-owned subsidiaries and jointlyowned companies, the management of which is structured through Cooper's two business segments As a result of these international operations, sales and distribution networks are maintained throughout most of the industrialized world Cooper generally believes that there are no substantial differences in the business risks associated with these international operations compared with domestic activities, although Cooper is subject to certain political and economic uncertainties encountered in activities outside the United States, including trade barriers, restrictions on foreign exchange and currency fluctuations The five countries in which Cooper generates the most international revenues are Canada, Germany, France, Mexico and the United Kingdom Cooper has operations in India, Malaysia and China and has several joint ventures with operations in China Investments in India, Malaysia and China are subject to greater risks related to economic and political uncertainties as compared to most countries where Cooper has operations Exhibit 21 0 contains a list of Cooper's subsidiaries Financial information with respect to Cooper's industry segments and geographic areas is contained in Note 15 of the Notes to the Consolidated Financial Statements A discussion of acquisitions and divestitures is included in Notes 3, 7 and 16 of the Notes to the Consolidated Financial Statements With its two business segments, Cooper serves three major markets industrial, construction and electrical power distribution Cooper also serves the electronics and telecommunications markets Markets for Cooper's products and services are worldwide, though the United States is the largest market Within the United States, there is no material geographic concentration by state or region Cooper experiences substantial competition in both of its business segments The number and size of competitors vary considerably depending on the product line Cooper cannot specify with exactitude the number of competitors in each product category or their relative market position However, most operating units experience significant competition from both larger and smaller companies with the key competitive factors being price, quality, brand name and availability Cooper considers its reputation as a manufacturer of a broad line of quality products and premier brands to be an important factor in its businesses Cooper believes that it is among the leading manufacturers in the world of electrical distribution equipment, wiring devices, support systems, hazardous duty electrical equipment, emergency lighting, lighting fixtures, fuses, nonpower hand tools and industrial power tools Cooper's research and development activities are for purposes of improving existing products and services and originating new products During 2004, approximately $70 6 million was spent for research and development activities as compared with approximately $63 4 million in 2003 and $54 0 million in 2002 Cooper obtains and holds patents on products and designs in the United States and many foreign countries where operations are conducted or products are sold Although in the aggregate Cooper's patents are important in the operation of its businesses, the loss by expiration or otherwise of any one patent or license or group of patents or licenses would not materially affect its business Cooper does not presently anticipate that compliance with currently applicable environmental regulations and controls will significantly change its competitive position, capital spending or earnings during 2005 Cooper has been a party to administrative and legal proceedings with governmental agencies that have arisen under statutory provisions regulating the discharge or potential discharge of material into the environment Orders and decrees consented to by Cooper, or currently under negotiation with state regulatory agencies, have contained agreed-upon timetables for fulfilling reporting or remediation obligations or maintaining specified air and water discharge levels in connection with permits for the operations of various plants Cooper believes it is in compliance with the orders and decrees, and such compliance is not material to the business or financial condition of Cooper For additional information concerning Cooper's accruals for environmental liabilities, see Note 7 of the Notes to the Consolidated Financial Statements 4 http //www sec.gov/Archives/edgar/data/1141982/000095012905001490/h22660el0vk htm 2/6/2006

elOvk Page 44 of 84 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors and Shareholders Cooper Industries, Ltd We have audited the accompanying consolidated balance sheets of Cooper Industries, Ltd ("the Company"), the successor company to Cooper Industries, Inc , as of December 31, 2004 and 2003, and the related consolidated statements of income, shareholders' equity, and cash flows for each of the three years in the period ended December 31, 2004 These financial statements are the responsibility of the Company's management Our responsibility is to express an opinion on these financial statements based on our audits We conducted our audits m accordance with standards of the Public Company Accounting Oversight Board (United States) Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation We believe that our audits provide a reasonable basis for our opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company at December 31, 2004 and 2003, and the consolidated results of its operations and its cash flows for each of the three years in the period ended December 31, 2004, in conformity with accounting principles generally accepted in the United States As discussed in Note 1 to the consolidated financial statements, the Company adopted Statement of Financial Accounting Standards No 123 in 2003 We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of the Company's internal control over financial reporting as of December 31, 2004, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February 18, 2005 expressed an unqualified opinion thereon ERNST & YOUNG LLP Houston, Texas February 18, 2005 F-3 http.

elOvk Page 56 of 84 Table of Contents COOPER INDUSTRIES, LTD.

BRAKE FRICTION MATERIAL NUMBER EXPIR APPL # 040555 040555 030483 030483 030221 030221 020477 020477 020477 030220 030220 030875 030875 020557 020557 020557 020627 020627 020628 020628 021140 021140 030096 030096 020630 020630 040556 040556 030857 020477 030858 020626 030475 030474 030222 030484 030861 020626 040581 030858 030858 020478 030857 030859 030859 021053 030483 030483 030875 030875 030477 030477 07 07 07 07 07 06 07 06 07 06 07 06 07 05 07 05 07 05 07 06 07 06 01 07 01 07 07 05 07 05 07 05 07 05 07 05 07 05 07 05 01 06 01 06 01 06 01 06 07 05 07 05 07 07 07 07 07 06 07 05 07 06 07 05 07 06 07 06 07 06 07 06 01 07 07 05 01 08 07 06 07 06 07 05 07 06 07 06 07 06 01 06 07 06 07 06 01 07 01 07 07 06 07 06 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 02100 5/6/2005 MARKINGS AKEBONO AS169 FF AKEBONO AS169H FF AKEBONO AS191 FF AKEBONO AS191HFF AKEBONO AS226 FF AKEBONO AS226H FF AKEBONO AS246 FF AKEBONO AS246H FF AKEBONO AS246H FF AKEBONO AS255 FF AKEBONO AS255H FF AKEBONO AS256 EF AKEBONO AS256H EF AKEBONO AS270 FF AKEBONO AS270 FF AKEBONO AS270H FF AKEBONO AS271 FF AKEBONO AS271HFF AKEBONO AS272 FF AKEBONO AS272H FF AKEBONO AS274 GG AKEBONO AS274H GG AKEBONO AS275 GG AKEBONO AS275H GG AKEBONO AS288 FF AKEBONO AS288H FF AKEBONO AS520 FF AKEBONO AS520H FF AKEBONO FA211 EE AKEBONO FA216FF AKEBONO FA230 EE AKEBONO L636 EE AKEBONO L707 FF AKEBONO L7102 FF AKEBONO L715FF AKEBONO L722 FF AKEBONO L791 FF AKEBONO LA527 EE AKEBONO MB 100 FF AKEBONO NS115 EE AKEBONO NS 115H EE AKEBONO NS131 EE AKEBONO NS 133 EE AKEBONO NS 137 EE AKEBONO NS137H EE AKEBONO NS 140 GG AKEBONO NS149 FF AKEBONO NS149H FF AKEBONO NS161 EF AKEBONO NS161H EF AKEBONO NS 163 EE AKEBONO NS163H EE SECTION 10-10

Applied Occupations I and Environmental Hygiene Volume 16(12): 1139-1146, 2001 Copyright 2001 Applied Industrial Hygiene 1047-322Xri)l $12.00 + .00 Characterization of Vehicular Brake Service Personnel Exposure to Airborne Asbestos and Particulate Francis W.

RONALD LEE DOTSON, ET AL VS.

Drasnsr, Kacal, Adams, Pappas & Law A PROFESSIONAL CORPORATION ATTORNEYS AT LAW ONE RIVERWAY, SUITE 1200 HOUSTON, TEXAS 7TOOQ MAR TELEPHONE (713) 529-3992 FACSIMILE (713) 529-^JjSI ROBERT L.

DANA CORPORATION / Annual Report 2001 Transforming Our Future

D A N A C O R P O R A T IO N / Annual Report 2001 And while we can argue semantics, the bottom line is that as long as our economy and our customers are cyclical, so too is our business.

D A N A C O R P O R A T IO N / Annual Report 2001 Transforming Our Future.

Additional Information - Balance Sheet In millions Dana Corporation (including Dana Credit Corporation on an equity basis) Assets Current assets Cash and marketable securities Accounts receivable Trade, less allowance for doubtful accounts of $42-2000 and $45-2001 Other Inventories Other current assets Total current assets Investments and other assets Investments at equity Goodwill Other Total investments and other assets Deferred income tax benefits Property, plant and equipment, net Total assets Liabilities and Shareholders' Equity Current liabilities Notes payable Accounts payable Accrued payroll and employee benefits Other accrued liabilities Taxes on income Total current liabilities Deferred employee benefits and other noncurrent liabilities Long-term debt Minority interest in consolidated subsidiaries Shareholders' equity Total liabilities and shareholders' equity 2000 December 31 2001 $ 149 $ 182 1,505 318 1,564 535 4,071 636 969 212 1,817 209 3,069 $9,166 1,371 253 1,299 518 3,623 628 841 246 1,715 449 2,778 $8,565 $1,307 1,014 395 809 165 3,690 1,155 1,574 119 2,628 $9,166 $ 617 1,042 315 826 142 2,942 1,400 2,155 110 1,958 $8,565 44

Dana Corporation Page 18 of 176 positions are with Dana unless otherwise indicated.

Dana Corporation Page 62 of 176 Europe South America Asia Pacific 1,233 361 391 1,255 432 324 (22) (71) 67 $7,501 $7,480 $ 21 (2) 57 (16) (130) 21 15 $ (68) (84) 24 (25) $(119) 5 35 77 $208 Currency effects in North America were due primarily to the weakening of the Canadian dollar in 2002.