Oak Hill Capital Partners, has executed an agreement to acquire Firth Rixson

To All Firth Rixson Employees:

Sheffield, UK and East Hartford, CT, USA --12 November, 2007--A public announcement has been issued that identifies a new owner for Firth Rixson. Oak Hill Capital Partners, a leading private equity firm, has executed an agreement to acquire Firth Rixson from The Carlyle Group and Lehman Brothers Inc.

I believe that the sale of the company to Oak Hill is the right change for Firth Rixson at this time of our business development. Oak Hill has significant investments in the aerospace/industrial industries and has demonstrated a serious enthusiasm for Firth Rixson. Our new owner shares our enthusiasm for customer commitment and future strategic growth.

Firth Rixson’s success would not be possible without the dedicated service of our employees. The workforce is the backbone of the company and I thank all of you for your daily contributions at all of our manufacturing locations.



Sincerely yours,