Letter to Shareholders

Senior Management

John F. Lundgren
President & Chief Executive Officer

James M. Loree
Executive Vice President & Chief Operating Officer

Donald Allan, Jr.
Senior Vice President & Chief Financial Officer

Jeffrey D. Ansell
Senior Vice President & Group Executive, Construction & DIY

Michael A. Bartone
Vice President, Corporate Tax

Bruce H. Beatt
Senior Vice President, General Counsel & Secretary

D. Brett Bontrager
Senior Vice President & Group Executive, Convergent Security Solutions

Justin C. Boswell
Senior Vice President & Group Executive, Mechanical Access Solutions

Jeff Hung-Tse Chen
Vice President & President, Asia

Hubert W. Davis, Jr.
Senior Vice President & Chief Information Officer/SFS

Craig A. Douglas
Vice President & Treasurer

Massimo Grassi
President, Industrial & Auto Repair

Mark J. Mathieu
Senior Vice President, Human Resources

Jaime Ramirez
President, Latin America

Ben S. Sihota
President, Emerging Markets, Pacific Group

William Taylor
President, Professional Power Tools & Products

Michael A. Tyll
President, Engineered Fastening

John Wyatt
President, Construction & DIY EMEA