PAGE 2 Barnes Group Inc. Associated Spring Barnes Aerospace Barnes Distribution Barnes Group Inc. (NYSE: B)  is a diversified international manufacturer of precision components and assemblies and distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, the Company was organized as a Delaware corpor- ation in 1925.The Company consists of three businesses: Associated Spring, one of the world’s largest manufacturers  of precision mechanical and nitrogen gas springs, retaining rings and plastic injection- molded components; Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and products for aircraft engines, airframes and land-based industrial gas tur- bines; and Barnes Distribution, an international distributor of industrial maintenance, repair and operating supplies.The Company has more than 5,100 employees at over 50 locations worldwide. Associated Spring is the largest manufacturer of precision springs in North America, and one of the largest precision spring manufacturers in the world. Associated Spring is equipped to produce virtually every type of precision spring, from fine hairsprings for electronics and instruments to large, heavy-duty springs for machinery. Associated Spring also manufactures nitrogen gas springs and manifold systems, used to precisely control stamp- ing presses; retaining rings; and injection-molded plastic-on- metal and metal-in-plastic components and assemblies. Nearly all of Associated Spring’s products are highly engineered custom solutions.These products are made of various metals and plastic types, and are purchased primarily by durable goods manufacturers in industries such as consumer products, farm equipment, telecommunications, medical devices, home appliances, electronics and transportation. Associated Spring provides complete engineering solutions from concept to manufacturing. These include product design and development, physical product and material testing, rapid prototyping and reduction of manufacturing-cycle times. Associated Spring has manufac- turing operations in the United States, Brazil, Canada, China, Germany, Mexico, Singapore and Sweden. Associated Spring owns a 45% interest in a joint venture corporation in the United States with NHK Spring Co., Ltd. of Japan.The joint venture corpor- ation, NHK-Associated Spring Suspension Components Inc. (NASCO), manufactures suspension springs at its facility in Bowling Green, Kentucky. Barnes Aerospace’s overhaul  and repair facilities, located in Connecticut, Ohio, and Singapore, specialize in the refurbishment of jet engine components such as cases, rotating air seals, honeycomb air seals and housings. Processes performed at these facilities include electron beam welding, plasma coating, vacuum brazing and water jet cleaning. Customers include worldwide major airlines and engine overhaul businesses and the United States military. Barnes Aerospace’s machining and fabrication operations, with facilities in Arizona, Connecticut, Michigan, Ohio and Utah, produce critical engine and airframe parts through processes such as laser drilling, multi-axis milling and turning, and electrical discharge machining, and  specialize in hot and cold forming of complex parts  made from titanium and other aerospace alloys. Additional capabilities include super-plastic forming and diffusion bonding, and machining of aluminum and other sheet metal products. Customers include airframe and gas turbine engine manufac- turers for commercial and military jets, business jets and land-based industrial gas turbines. Barnes Aerospace is a world- wide producer of precision machined and fabricated components and assemblies for OEM turbine engine, airframe and industrial gas turbine builders and the United States military. Barnes Aerospace also provides jet engine component overhaul and repair services for many of the world’s major commercial airlines and the United States military. Barnes Aerospace products and services, which have earned a reputation for excellence throughout the international aerospace commu- nity, are sold primarily through Barnes Aerospace’s sales employees. Barnes Distribution is an industry leader in the distribution of maintenance, repair and opera- ting (MRO) supplies. Since 1927, it has grown into one of the world’s largest value-added MRO distributors and international logistics management service businesses. Barnes Distribution distributes under six widely recognized brands: Bowman, Curtis, Mechanics Choice, Raymond, Autoliaisons and Motalink. Bowman, Curtis, Mechanics Choice, Autoliaisons and Motalink distribute a wide variety of replacement parts and other products, and provide related inventory management and logistics services.These products include fasteners, special-purpose hardware, electrical supplies, hydraulics, chemicals and security products. Raymond distributes die and nitrogen gas springs, mechanical struts and standard parts such as coil and flat springs, most of which are manufactured by Associated Spring. Using innovative methods and new technology to solve complex supply problems, Barnes Distribution becomes a critical partner in the operation and profitability of its customers. Barnes Distribution has a well- diversified customer base ranging from small automobile dealers and repair shops to the largest railroads and utilities. Barnes Distribution’s products are sold in the United States, Brazil, Canada, France,Ireland, Mexico, Spain, the United Kingdom, and Asia through a sales force of over 1,000 people, and in many other countries through distributors.