NEWS

June 1, 2008
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will be increased from its current level of six percent (6%) to eight percent (8%), effective June 1, 2008 due to continued escalation of electricity and natural gas prices. The increased surcharge will apply to all new orders and all releases under blanket purchase orders which are received and acceptaed by NGK-Locke on or after June 1, 2008. Orders and releases received and accepted prior to June 1 will be subject to the surcharge of 6% in effect at the time the order was received. Our next review date is September 1, 2008.

March 1, 2008
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of June 1, 2008.

December 1, 2007
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of March 1, 2008.

September 1, 2007
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of December 1, 2007.

June 1, 2007
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of September 1, 2007.

March 1, 2007
Energy Surcharge for Station Post Insulators
We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of June 1, 2007.

December 1, 2006
Energy Surcharge for Station Post Insulators
From October 1, 2005 until May 31, 2006, we imposed an energy surcharge of ten percent (10%) of the product price for all station post insulators. The quarterly review of our energy costs earlier this year resulted in a reduction of the surcharge from 10% to six percent (6%), effective June 1, 2006.

We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of March 1, 2007.

September 1, 2006
Energy Surcharge for Station Post Insulators
From October 1, 2005 until May 31, 2006, we imposed an energy surcharge of ten percent (10%) of the product price for all station post insulators. The quarterly review of our energy costs earlier this year resulted in a reduction of the surcharge from 10% to six percent (6%), effective June 1, 2006.

We have now completed our current quarterly review of energy costs and have determined that the surcharge will remain at its current level of six percent (6%) until our next review date of December 1, 2006.

June 1, 2006
Energy Surcharge for Station Post Insulators Rate Review and Reduction
Since October 1, 2005, NGK-Locke has imposed an energy surcharge of ten percent (10%) of the product price for all station post insulators.  Following quarterly reviews of our energy costs in late 2005 and early 2006, we continued the surcharge through May 31, 2006.

We have now completed our current quarterly review of energy costs and have determined that the surcharge will be reduced from its current level of 10% to six percent (6%), effective June 1, 2006 until our next review date of September 1, 2006. The reduced surcharge will apply to all new orders and all releases under blanket purchase orders which are received and accepted by NGK-Locke on or after June 1, 2006. Orders and releases received and accepted prior to June 1 will be subject to the surcharge of 10% in effect at the time the order was received.

March 1, 2006
Energy Surcharge for Station Post Insulators Rate Review
On September 29, 2005, we announced the imposition of an energy surcharge of ten percent (10%) of the product price for all orders for station post insulators received by NGK-Locke after midnight on October 1, 2005.  At that time, we stated that we would monitor the situation closely and review the surcharge at the end of November, 2005 and every three months thereafter. 

 We have completed our second quarterly review of the surcharge and have determined that it will remain in effect at its current level of ten percent (10%) until our next review date of June 1, 2006. 

December 1, 2005
Energy Surcharge for Station Post Insulators Rate Review
In our memorandum dated September 29, 2005, we announced the imposition of an energy surcharge of ten percent (10%) of the product price for all orders, and order releases under existing blanket purchase orders, for station post insulators received by NGK-Locke after midnight on October 1, 2005.  At that time, we stated that we would monitor the situation closely and review the surcharge at the end of November, and every three months thereafter.

We have completed our November review of the surcharge and have determined that it will remain in effect at its current level of ten percent (10%) until our next review date of March 1, 2006.  As we stated in September, we recognize that the surcharge represents a sharing of the burdens of energy cost increases between NGK and our customers.  We pledge that the benefits of any future energy cost reductions will be likewise shared.

September 29, 2005
Energy Surcharge for Station Post Insulators Effective Oct 1, 2005
As we are all aware, energy prices in the United States and around the world have adversely impacted the costs faced by many businesses, including us. Natural gas and electricity constitute a significant portion of our overall cost structure, and we are no longer able to absorb the significant increases charged to us without passing some of them along to our customers.

NGK-Locke has determined that, effective for all orders and order releases under existing blanket purchase orders for station post insulators received by NGK-Locke after midnight on October 1, 2005, we will add an energy surcharge of ten percent (10%) of the product price (excluding such items as tax, freight, tooling charge, etc.). All open orders we have on hand will be invoiced at the time of shipment at the current price with no surcharge. The surcharge will remain in effect until further notice.

Because we are aware of the volatility of the current energy environment, we will monitor the situation closely and expect to review the surcharge at the end of November, and every three months thereafter. Just as the burdens of cost increases have been shared between NGK and our customers, the benefits of any future energy cost reductions will be likewise shared.

NGK-Locke is available to answer any questions and to discuss any issues that may arise. Please address questions to us here at NGK-Locke, to our sales offices or to our sales agents.

NGK-LOCKE, Inc., Marketing Department