FLUOROCARBON

ADDRESS: 27611 La Paz Rd., Laguna Niguel. BUSINESS: The company makes specialized plastic and rubber devices and fluid seals used by manufacturers of automobiles, aircraft and other major industrial products. ASSETS: $159.3 million (at Oct. 31). NUMBER OF EMPLOYEES: 1,366. TOP EXECUTIVES: Name: Peter Churm Position: Chairman, chief executive officer Cash Compensation: $264,800 Name: J. Michael Hagan Position: President Cash Compensation: 177,400 Name: Kenneth J. Holland Position: Vice president, secretary and treasurer Cash Compensation: 118,400 Name: William Joslin Position: Vice president, plastics group Cash Compensation: 129,488 Name: Larry K. Hanson Position: Vice president, fluid sealing group Cash Compensation: 118,400 Name: William Krames Position: Vice president, rubber group Cash Compensation: 123,400 Source: Fluorocarbon proxy report dated May 5. BOARD OF DIRECTORS Name: Peter Churm Age: 61 Occupation: Chairman and chief executive of the company Shares owned: 378,240 % of total shares: 8.8 Name: George L. Angle Age: 59 Occupation: Vice chairman of the company Shares owned: 280,878 % of total shares: 6.5 Name: J. Michael Hagan Age: 47 Occupation: President of the company Shares owned: 32,688 % of total shares: 0.8 Name: Cochrane Chase Age: 55 Occupation: Chairman, Cochrane, Chase, Livingston & Co. Shares owned: 4,700 % of total shares: -- Name: Jay DeDapper Age: 63 Occupation: Former executive vice president, NL Industries Shares owned: 5,650 % of total shares: -- Name: H. David Bright Age: 51 Occupation: President and chief executive, National Education Corp. Shares owned: 500 % of total shares: -- Name: David A. Banmiller Age: 42 Occupation: Senior vice president, American Airlines Shares owned: -- % of total shares: -- Source: Fluorcarbon proxy report dated May 5. OTHER MAJOR SHAREHOLDERS

Shares % of total Name owned shares Citibank, a subsidiary of Citicorp, New York 265,000 6.1

FINANCIAL RESULTS Fiscal year ends Jan. 31. Earnings and revenue in millions of dollars.

9 months 1988 1987 1986 1985 Sales $123.6 $97.8 $104.0 $94.2 Earnings 4.1 4.0 6.1 5.7 Per share 0.94 0.93 1.28 1.09

STOCK DATA Stock exchange, symbol NASDAQ, FCBN Shares outstanding (Oct. 31) 4,375,000 52-week high $18.125 52-week low $10.50 Friday’s closing price per share $11, off 25 cent Market value of common stock $48.1 million