Company Csepel Holding Nyrt.

Csepel Holding Nyrt is a Hungary-based holding company primarily engaged in industrial machinery and equipment manufacturing. The Company provides value-added products, services and solutions through innovation, research and development, regionally and internationally. The Company manufactures machine tools on small-scale orders that are marketed on the domestic market, as well as exported to Europe, the United States and the Asia-Pacific region. The It produces a range of products, including computer numerically controlled (CNC) machining centers, CNC lathes, precision and ultra-precision machine tools, including gear-grinding machines and lathes. It also provides subcontract machining services. As of December 31, 2011, the Company had a 99.96% stake in Excel Csepel Szerszamgepgyarto Kft and a 50% stake in Csepeli Szerszamgepgyarto Kft.