Estate of Georgina T. Gimbel, Deceased, Janet G. Rogers, JoAnne M. Gimbel, and Thomas W. Gimbel, Co-Executors and Co-Trustees - Page 3

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               William’s employment with Reliance continued until his death           
          in 1998 by which point William was serving as chairman of                   
          Reliance’s board of directors.  Throughout his long business                
          career with Reliance, William acquired additional privately held,           
          unregistered shares of Reliance common stock.                               
               Shortly before William’s death in 1998, William and decedent           
          established the Gimbel Family Trust (the Trust), and William                
          transferred to the Trust, among other assets, all of his shares             
          of Reliance common stock.                                                   
               Upon William’s death, the Trust was divided into two                   
          subtrusts:  A marital trust and decedent’s survivor trust                   
          (collectively, “the Trusts”).                                               
               Includable in decedent’s gross estate (the estate) were the            
          shares of Reliance common stock (the estate’s Reliance shares)              
          held by the Trusts, by decedent’s account in Reliance’s employee            
          stock ownership plan (ESOP), by decedent’s IRA, and by decedent             
          individually, as follows:                                                   

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Last modified: May 25, 2011