| 
                                             Shareholder 
                                         | 
                                        
                                             % shareholding 
                                         | 
                                    
| Gulf International Pipe Industry Investment LLC | 
                                             100.00% 
                                         | 
                                    
| 
                                             TOTAL 
                                         | 
                                        
                                             100.00% 
                                         |