CARTRIDGE FILTER MARKET UPDATE

NOVEMBER 2012

TABLE OF CONTENTS

COMPANY NEWS

Ahlstrom Splits Filtration Business, Management Team Changes in Reorganization

Ahlstrom Buys Swedish Filter Company Munktell Filter AB

Ahlstrom to Increase Filtration Material Capacity in Turin, Italy

Pentair and Tyco International's Flow Business Combine to Create Pentair Ltd.

HaloSource Celebrates Commercial Entry into Brazil Through a Strategic Partnership with Pentair

Coca-Cola Pilots Innovative Water Recovery System, Plans Roll Out from 2013

FINANCIALS

Pentair Reports 3Q Results; Merger with Tyco's Flow Control Business Completed

NEW PRODUCTS

HaloSource Delivers HaloPure® Technology to Global Drinking Water Market

SEMICONDUCTORS

Global Semiconductor Sales Increase Slightly in July

Front-End Fab Equipment Spending to Grow 17 Percent in 2013

SEMI Reports Second Quarter 2012 Worldwide Semiconductor Equipment Billings of $10.3 Billion

North American Semiconductor Equipment Industry Posts July 2012 Book-to-Bill Ratio of 0.87

IHS Downgrades Semiconductor Market Outlook — Revenue Decline Now Expected for 2012

Five Companies to Account for 64 Percent of $61.4 Billion Semiconductor Capex in 2012

TSMC Reports August 2012 Sales

Semiconductor Spending to Hit Record-High 53.4 Billion in 2012

Many projects are detailed in monthly updates under Industry Analysis in this Report’s Chapters.