Ann: SMS to give TNG Process and Product Guarantee, page-41

Trust in Herbert:

"SMS’s responsible Managing Director, Mr. Herbert Weissenbaeck, commented: “This is the logical next step in thedevelopment of TIVAN® and Mount Peake – which together have the potential to essentially disrupt the TiO2pigment and vanadium space. This keeps TNG on a clearly structured path and timeline towards incorporating itsfirst TIVAN® project in a technically and commercially convincing package, largely de-risked from a customerperspective, and provided by one single, fully responsible contractor.”