Partial Client List

Aerotron AirPower Aerotron Limited AGC Incorporated Alken Industries Aero Technologies Angelo Gordon Kratz Wilde Birken Manufacturing Commuter Air Technology College Airways Dixie Aerospace ESCO Fortress Capital GenMech Aerospace Goodrich Corporation Hoffman Engineering JetPower John Hassall KineticSystems Loeb Partners	Marathon Capital Mason Capital Mellon Bank Metalcraft Technologies Monitor Aerospace Nasco Aircraft Brake Orn Capital Precision Machine Works Reimer & Rosenthal Ritchie Capital S & L Aerospace Safire Aircraft Sandell Asset Management Strategic Value Partners TecoMetrix TL Investments Universal Aerospace Wynnefield Capital Zygo Corporation

Alderman & Company is a trademark representing a group of companies controlled by William Alderman. Alderman & Co. was formed as a d/b/a in the state of New York in 1996. Alderman & Co., LLC, a New York corporation, was formed in 2001. Alderman & Company Consulting, LLC, a Connecticut Corporation, was formed in 2004. Alderman & Company Capital, LLC, a Connecticut Corporation, was formed in 2005. Alderman & Company Advisors, LLC, a Connecticut Corporation, was formed in 2006. The companies listed above have been clients of one ore more of the above noted companies controlled by William Alderman.

Registered with the Connecticut Department of Banking

INVESTMENT ADVISORS TO THE AEROSPACE AND DEFENSE INDUSTRY

Partial Client List