Remarks:
The reporting person is an affiliate of HHEP-Latrobe, L.P. ("HHEP-Latrobe"), which is an affiliate of Toolrock Investments, LLC ("Toolrock"). In connection with the acquisition of Latrobe Specialty Metals, Inc. ("Latrobe") pursuant to an agreement and plan of merger entered into by the Issuer on June 20, 2011 and closed on February 29, 2012 (the "Closing Date"), Toolrock received 7,666,028 shares of the common stock of the Issuer in exchange for all of Toolrock's common and preferred shares of Latrobe. After the Closing Date, Toolrock conducted a pro-rata, in-kind distribution of its 7,666,028 shares of common stock of the Issuer to its members (the "Toolrock Distribution"). As a result of the Toolrock Distribution, HHEP-Latrobe, directly, and the reporting person, indirectly, was the beneficial owner of 3,516,647 shares of common stock of the Issuer. On September 25, 2012, pursuant to a registration statement filed and automatically effective on June 14, 2012, HHEP-Latrobe conducted an in-kind distribution of 1,039,204 of its shares of common stock of the Issuer to its respective members and partners (the "HHEP-Latrobe Distribution"). In the HHEP-Latrobe Distribution, (i) persons and entities not affiliated with the reporting person received 750,003 shares of common stock of the Issuer, (ii) the reporting person received 154,041 shares of common stock of the Issuer and (iii) TOH, Jr. Ventures, Ltd., MHH Ventures, Ltd., JAH Ventures, Ltd., RBH Ventures, Ltd., WCH Ventures, Ltd., and CFH Ventures, Ltd., each an affiliate of the reporting person, received an aggregate of 135,160 shares of common stock of the Issuer. Following the HHEP-Latrobe Distribution, the reporting person beneficially owns 2,766,644 shares of common stock of the Issuer, 154,041 of which are owned directly while the remaining 2,612,603 are owned indirectly.
|