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Little Rock Update March 2009

Safety and Environment

Zero lost time incidents OSHA Incident Rate 33% better than Industry Average

Quality

API and ISO certifications received on time

Double Joint Facility

Single shift basis Regular and consistent output

Multiple shift production in the coating plants.

Beat internal targets across the board Formal approval of ARO coating by key customer – in one attempt!

Single shift learning curve production in spiral mill.

Continuous improvement occurring Ongoing training

Keystone, Ruby and Pinedale Kick Off Meetings

Vessels arriving continuously from India

Finished pipe shipping out

From Houston, New Iberia, Little Rock Approaching 3 unit trains per week

Grand Opening planned for end April 2009

Little Rock Update