July 11 2008

Dear Valued Customer,

As you are no doubt aware, our world economy is experiencing unprecedented changes with ever increasing costs of raw materials and basic energy. Unfortunately, these events are also affecting costs associated with the manufacture of wire rope.

While we have had some success in controlling the increase in costs, many costs are beyond our control. In order to remain a viable supplier in what is a very competitive market, we are forced to increase our prices to allow us to compensate for the changes that are occurring.

Therefore, effective August 18th, 2008, we will implement a general price increase of 6% on all manufactured products.

We would like to thank you for your ongoing support during these unstable times, and assure you that, Wire Rope Industries remains committed to being a competitive North American supplier of the highest quality wire rope products.

Sincerely,

Rene Sallafranque
Sales Manager, East