16 MINERALS TECHNOLOGIES INC. OPERATIONAL EXELLENCE AMCOL Acquisition of AMCOL accelerates MTI’s growth and creates shareholder value Minerals Technologies’ vision for the future Combining MTI and AMCOL extends and  deepens our platform for future growth  through geographic expansion and new  product innovation, and will create a broader portfolio to penetrate new end  markets in energy, environmental and  consumer products.  From a research and development  standpoint, both MTI and AMCOL have  deep resources and extensive expertise in  mineralogy, fine particle technology and  polymer chemistry, which together, we  can leverage to accelerate new product  development and commercialization.  Over the last seven years, MTI has been  transformed into a strong operating company  through deployment of employee-driven  Operational Excellence and Lean processes  that drives our continuous improvement. We believe that a prioritized and prompt  integration of AMCOL into our business  system will enable us to realize the targeted  synergies quickly and rapidly deleverage the  debt level that we will be taking on. On March 10, 2014, Minerals Technologies  entered into a merger agreement to acquire  AMCOL International, which will result in a  $2 billion company that combines the global  leaders in precipitated calcium carbonate  and bentonite. MTI is the largest supplier  of PCC to the worldwide paper industry  and AMCOL is the premier producer of  bentonite, an exceptionally versatile mineral  with multiple applications in worldwide  markets. Both companies are also leaders  in a number of other significant, diverse and  growing product areas. $2 billion minerals-based company with  global reach based on: • Mine-to-market value chain management •  Demonstrated process technology and  innovation leadership •  Broad and deep talent pool •  Deeper geographic footprint •  Significant end market overlap  Allowing reinvestment in: • Further market penetration and geographic  expansion, especially in Asia • Innovating customized technologies to  satisfy future customer needs • Organic growth across all business  segments. Customer focused  employees Strong cash flows Superior performance and  Operational Excellence Creating superior return for shareholders Combines global leaders in  PCC and Bentonite • Portfolio of market leader  positions • Broad portfolio of  complementary products • World class innovators in  mineralogy, fine particle  technology and polymer  chemistry Platform for accelerated growth • Diversification into energy,  environmental and  consumer products • Geographic expansion • Continued innovation MTI’s performance track record • Historical growth and  geographic expansion • High-performance  operating company • Continuous improvement Long-term growth in  shareholder value • Strong cash flow • Immediately accretive  excluding transaction costs • Rapid deleveraging  expected