elOvk Page 8 of 84 Table of Contents Approximately 58 percent of the United States hourly production work force of Cooper is employed in 41 manufacturing facilities, distribution centers and warehouses not covered by labor agreements Numerous agreements covering approximately 42 percent of all hourly production employees exist with 17 bargainmg units at 18 operations in the United States and with various unions at 27 international operations During 2004, new agreements were concluded covering hourly production employees at 3 operations in the United States Cooper considers its employee relations to be excellent Sales backlog at December 31,2004 was approximately $403 3 million, all of which is for delivery during 2005, compared with backlog of approximately $352 2 million at December 31, 2003 Cooper's financial condition and performance are subject to various risks and uncertainties including, but not limited to (1) the condition of the domestic economy and European and Latin American markets, (2) spending on commercial and residential construction and by utilities, (3) worldwide energy-related project spending, (4) demand for products in the electronics and telecommunications markets, (5) changes in raw material and energy costs, (6) changes in mix of products sold, (7) realization of benefits of cost reduction programs (including implementation of an Enterprise Business System), (8) industry competition, (9) the timing of facility consolidations and the magnitude of any disruption from such consolidations, (10) the timing and amount of any stock repurchases by Cooper, (11) changes in tax laws, regulations and treaties, (12) the relationship of the U S dollar to the currencies of countries in which Cooper does business, (13) mergers and acquisitions and their integration into Cooper, (14) the resolution of Federal-Mogul's bankruptcy proceedings, and (15) risks related to changing legal and regulatory requirements and changing market, economic and political conditions in the countries in which we operate Cooper's annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available, free of charge, at the "Investor Center" tab on Cooper's website fwww cooperindustries com') as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities Exchange Commission The following describes the business conducted by each of Cooper's business segments Additional information regarding the products, markets and distribution methods for each segment is set forth on the table at the end of this Item Information concerning market conditions, as well as information concerning revenues and operating earnings for each segment, is included under "Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations " Electrical Products The Electrical Products segment manufactures, markets and sells electrical and circuit protection products, including fittings, support systems, enclosures, wiring devices, plugs, receptacles, lighting fixtures, fuses, emergency lighting, fire detection systems and security products for use in residential, commercial and industrial construction, maintenance and repair applications The segment also manufactures, markets and sells products for use by utilities and in industry for electrical power transmission and distribution, including distribution switchgear, transformers, transformer terminations and accessories, capacitors, voltage regulators, surge arresters and other related power systems components The principal raw material requirements include copper, tin, lead, plastics, insulating materials, pig iron, aluminum ingots, steel, aluminum and brass These raw materials are available from and supplied by numerous sources located in the United States and abroad Demand for electrical products follows general economic conditions and is generally sensitive to activity in the construction market, industrial production levels, electronic component production and spending by utilities for replacements, expansions and efficiency improvements The segment's product lines are marketed directly to original equipment manufacturers and utilities and to a variety of end users through major distributor chains, retail home centers, hardware outlets and thousands of independent distributors 5 http //www sec gov/Archives/edgar/data/1141982/000095012905001490/h22660el0vk htm 2/6/2006

Air Conditioning Clarage Fan Company Kalamazoo, Michigan Sales Engineering Offices in All Principal Cities (Consult Telephone Directory) CLARAGE AIR HANDLING AND CONDITIONING EQUIPMENT For Nearly a Quarter Century Clarage has been a * leading manufacturer of air handling and conditioning equipment.

Write for full details. 406 Heating Systems Steam'and Hot Water Sterling, Inc. 5208West ClintonAvenue, Milwaukee 18, Wisconsin Heating and Temperature Control Equipment Distributed through leading Heating and Plumbing Wholesalers Sales Representatives in Principal Cities CONDENSATION and VACUUM PUMPS V. 4100-4200 Series (Illustrated).

The agency is proposing to: Move from the current annual reporting requirement to every other year reporting for all facilities, eliminating half of all TRI data; Allow companies to release ten times as much pollution before being required to report the details of how much toxic pollution was produced and where it went; Permit facilities to withhold information on low-level production of persistent bioaccumulative toxins (PBTs), including lead and mercury, which are dangerous even in very small quantities because they are toxic, persist in the environment, and build up in people's bodies.

Re : Seeping of benzene pooled epidemiological analysis : CONCAWE activitv From: chris.money@exxonmobil.com To: jan.urbanus@concawe.be Cc: "Satin, Ken (KSAT)" <ksat@chevron.com>, shan.tsai@shell.com, chris.money@exxonmobil.com, gswaen@dow.com, geert.dejong@shell.com, rolf.ahlberg@nesteoil.com, jean-philippe.gennart@total.com, chris.roythorne@uk.bp.com, roger.alesbury@uk.bp.com Date: Tue, 05 Jul2005 14:19:51 +0100 Attachments: Phase 2 Concawe Benzene- Scoping1.doc (46.59 kB) Jan, Thank you for leading the effort for CONCAWE on the IOM/IRAS Data Consistency Review.

Weller _ (lead), , EPA Well ID#: F L S 1 1 3 0 0 0 9 Year-Month-Day: 2 0 2 3 - 0 3 - 2 8 EPA Permit # (or RA): F L I 0 0 3 6 Page 1 Of 2 Carol Chen Start Time: 1:07 pm End Time: 1:11 pm Facility Name: Street Address: City: Black Creek Energy, LLC 4940 Blackjack Plant Rd.

A few comments on the 8/20103 minutes: -- Suggest we state that the text summary of the quarterly financial reports should include both the relevant historical information as well as leading indicators of future spending, such as the number of cases versus plan and the related financial implications.

Until MSA took the lead, promptly send you full details and technical no filter manufacturer adopted standard, au bulletins.

Another involved CDC's Advisory Committee on Lead Poisoning and Prevention.

The agency is proposing to: Move from the current annual reporting requirement to every other year reporting for all facilities, eliminating half of all TRI data; Allow companies to release ten times as much pollution before being required to report the details of how much toxic pollution was produced and where it went; Permit facilities to withhold information on low-level production of persistent bioaccumulative toxins (PBTs), including lead and mercury, which are dangerous even in very small quantities because they are toxic, persist in the environment, and build up in people's bodies.

Matt Todd BHRC Communications Matthew Todd Regulatory Analysis and Scientific Affairs American Petroleum Institute 1220 L Street NW Washington, DC 20005 p: (202)682-8319 f: (202)682-8031 www.api.org SH ELL-MCCLU RG-054302 Draftfor March 18,2003 Meeting Fifth revision 2126103 Attachment For Action API Executive Committee Issue: The Benzene Health Research Consortium is seeking guidance on options to address a shortfall in funding the industry-sponsored Shanghai Health Study (SHS), A five-year project designed to investigate the potential health effects of benzene, the study sponsors have secured $16,5 of the $22,8 million required to carry it to fruition, Although preparations for the research have begun, this $6,3 million funding gap - - if not closed - - will either compromise the study or lead to its demise, Background: Continued concern about the potential health effects of benzene is reflected by two recent studies that suggest a link between benzene exposure and certain cancers not previously associated with the chemical, The Consortium is thus sponsoring a five-year study in Shanghai, China, which could significantly decrease the uncertainty surrounding the issue, A joint investigation primarily managed by the University of Colorado and Fudan University, the SHS includes protocols developed with the assistance of a 12-member international scientific review panel and Chinese, European and American bio-ethics specialists, It also has strong support and active participation from Chinese universities, hospitals and regulatory agencies, The United States EPA has expressed interest in participation, The quality of Shanghai's occupational benzene exposure records offers an unprecedented opportunity, and perhaps the last of its kind, to conduct this type of study on the relationship between benzene exposure and the risk of certain blood diseases, The SHS will enhance industry's product stewardship, while providing the scientific, regulatory and business communities with better information on benzene, Project Status: Three inter-related studies are underway: (1) a Case-Control Epidemiology study; (2) a Disease Progression Study; and (3) a Molecular Epidemiology Study, Laboratory construction, technical training and exposure assessments are nearing completion and individual case acceptance will begin in spring, 2003, Legal and public affairs expertise has been retained to facilitate Consortium activities, Funding Status: Current funding for the program is projected to run out during the first quarter of 2004, Five companies (BP, ChevronTexaco, ConocoPhillips, ExxonMobil and Shell Chemical Company) have contributed $16,5 million, While the study was initiated with a modest shortfall, subsequent protocol enhancements recommended by independent scientific and ethics review panels led to the final budget of $22,8 million, The Consortium has made presentations to ACC, ARPEL, CONCAWE, IPIECA, and NPRA; held focused discussions with Dow Chemical Company, Marathon Ashland, and Sunoco, and approached AGIP-ENI, ARPEL, BASF, Citgo, Dupont, Lyondell-Equistar, Petronas, Statoil, and TotalFinaElf To date, none of these entities has agreed to join the Consortium and contribute funds, Shortfall Implications: The Consortium Technical Committee studied the impacts of a funding shortfall and determined that, at best, only one of the three studies could be completed with current funds, The reality, however, is that an unclosed gap would result in loss of Chinese collaboration, in which case none of the studies could be completed, In addition to the lost scientific and product stewardship opportunities, this situation could have public, regulatory and legal ramifications for the entire industry, At this point, Consortium members are not optimistic that additional companies will commit Given that the study would benefit the entire industry, the Consortium is requesting that API leadership consider whether API can provide support to eliminate the shortfall, Possible options include API (1) providing direct funding for the study; (2) underwriting the shortfall that is not met by ongoing recruitment efforts; or (3) leave the gap unfunded, SH ELL-MCCLU RG-054303 Draftfor March 18,2003 Meeting Fifth revision 2126103 For Action: The Executive Committee is requested to advise the Consortium of its decision on SHS funding, SH ELL-MCCLU RG-054304

Shell could consider leading the way. 5) Emerging air and water quality issues within the US EPA might provide opportunities for Shell to step-out as a leader and to communicate our leadership.

The consortium held a conference call yesterday regarding outreach to the scientific and regulatory communities and the consortium technical committee now has the lead to move things forward.

Both groups worked extremely well together in this fashion at the August Asilomar meeting, and "topic lead" can still be deferred to members having that specific expertise - as currently done with issues regarding biostatistics, molecular markers, industrial hygiene and other specialties within the science review panel.

Yon can he assured, however, that consideration of these factors will not lead to any lessening in our efforts to enforce this legislation."