The Rock Wool Manufacturing Company (Rock Wool) filed a voluntary petition for relief under Title 11 of Chapter 11 of the United States Bankruptcy Code on November 18, 1996. In its filing, Rock Wool sought bankruptcy protection in order to develop a plan to manage and settle its asbestos personal injury and property damage claims.

As part of the reorganization, Rock Wool proposed the establishment of the Rock Wool Manufacturing Company Asbestos Trust (the "Trust"). Pursuant to the plan, the Trust is to use it's assets and/or income to pay in accordance with the Asbestos Bodily Injury Claims Resolution Procedures and the Asbestos Property Damage Claims Resolution Procedures Claims and Demands against Rock Wool, as defined in Sections 101(5) and 524(g)(5) of the Bankruptcy Code.

The United States Bankruptcy Court for the Northern District of Alabama Southern Division and the United States District Court for the Northern District of Alabama Southern Division has determined that the Trust and the Plan satisfy all prerequisites for a supplemental injunction pursuant to Section 524(g) of the Bankruptcy Code, which Permanent Channeling Injunction has been entered in connection with the Order Confirming the Plan.

On December 20, 1999 the Rock Wool Manufacturing Company Asbestos Trust was established with a Managing Trustee and a three(3) person Advisory Committee ("The Advisory Committee"), or "TAC".

The purpose of the Trust is to assume any and all liabilities of the Rock Wool Manufacturing Company or its successor in interest, with respect to any and all Asbestos Bodily Injury Claims and Demands or Asbestos Property Damage Claims and Demands. The Trust is to use its assets and income to pay holders of Allowed Asbestos Claims and Demands in accordance with the Plan and Trust Agreement, in such a way that all holders of Asbestos Bodily Injury Claims and Demands are each treated in a substantially equivalent manner as other holders of Asbestos Bodily Injury Claims and demands, and all holders of Asbestos Property Damage Claims and Demands are each treated in a substantially equivalent manner as other holders of Asbestos Property Damage Claims and Demands; and to otherwise comply in all respects with the requirements of a trust set forth in Section 524(g)(2)(B)(i) of the Bankruptcy Code. This purpose shall be fulfilled through the provisions of the Trust Agreement and the Asbestos Claims Resolution Procedures.

Claims will be paid on a first received priority basis and shall be subject to availability of funds. Telephone claims submitted thru the Interactive Voice Response System to be paid at 80% of the Claim Payment Value.