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Hague Fasteners Statement - Country of Origin of Certain Minerals

Hague Fasteners Statement - Country of Origin of Certain Minerals
01/04/2014

Hague Fasteners Limited is a privately owned UK Limited Company. Hague Fasteners has common statements regarding supply of certain minerals and their derivatives.

How do the US Dodd-Frank Wall Street Reform and Consumer Protection Act, section 1502 ‘Disclosures on Conflict Materials in or Near the Democratic Republic of the Congo’ affect Hague Fasteners Limited?

Hague Fasteners is not affected by this statute. The statute is written so as to apply to companies that are required to file reports with the Securities and Exchange Commission (the SEC) under Section 13 of the Securities Exchange Act of 1934. Hague Fasteners is not required to file reports under this statute; it is exempt. Even if not affected by this statute Hague Fasteners should act according to its Code of Conduct and avoid purchasing minerals from sources that is not, with certainty, known to be free from unethical or illegal activities.

Do Hague Fasteners products use any of the four minerals mentioned in the Act?

Yes. A number of base materials sourced against Customers specifications along with carbides used within the Hague Fasteners production facility incorporate tungsten and tantalum in their production.

Is there any tantalum or tungsten from the Democratic Republic of the Congo in Hague Fasteners products?

Suppliers used by Hague Fasteners to supply materials and tooling all state that they are not purchasing any raw material from the Democratic Republic of the Congo.

Suppliers used by Hague Fasteners to supply materials and tooling incorporating tantalite all state that they do not have any enterprise in the Democratic Republic of the Congo.

How does Hague Fasteners secure that there are no conflict minerals in the products?

Hague Fasteners has a common sourcing function for the raw materials used within the production and hence a good control of the suppliers. Hague Fasteners make every effort to ensure suppliers used are familiar with and adopt similar practice to their Code of Conduct. Hague Fasteners keeps an open dialogue with the suppliers over time to help ensure that the expected Code of Conduct is observed.

Hague Fasteners supplies their Special Manufactured Fasteners Globally, to numerous countries with varying laws, cultures, values and traditions. We endeavour to live up to our long-term strategy for profitable growth, we are also committed to contributing to sustainable development by honouring our social and environmental responsibility and conducting business in an ethical way. This means that sustainability and business ethics are also integral parts of managing our supply chain. Hague Fasteners expects that suppliers adhere to all applicable laws, rules and regulations and strive to exceed both international and industry best practice. The Hague Fasteners Supplier Code of Conduct provides the minimum standards for becoming a supplier to Hague Fasteners and the qualifying standards where Hague Fasteners expects suppliers to continuously improve their performance. Hague Fasteners encourages the suppliers to evaluate and monitor their sub-suppliers with additional focus on high risk aspects in terms of countries and categories of purchase.

Is it possible for Hague Fasteners products to contain conflict minerals?

It is very unlikely that Hague Fasteners products contain conflict minerals due to purchase terms and good dialogue with suppliers. However, since Hague Fasteners is not physically on location to control each raw material delivery to our suppliers it is not possible to 100 per cent guarantee that no traces of conflict minerals from the Democratic Republic of the Congo are found in any associated base materials or in certain tooling used in our production.

Should you have any further questions, please contact Sales@HagueFasteners.co.uk

Jon Hague

Chief Executive Office HAGUE FASTENERS LIMITED

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