NSC, Orlandi Form Alliance

France-based NSC Group and Italy-based Orlandi S.p.A. are exploring a possible merger between NSC
subsidiary N. Schlumberger S.A. and Orlandi subsidiary Finlane S.p.A., which includes Italy-based
SantAndrea Novara S.p.A. and Cognetex, and Germany-based Seydel Maschinenfabrik GmbH into a 50/50
joint venture. The two companies would continue to maintain their distinctive identities as
producers of machinery for the long-staple market, as well as their own values and brands, while
sharing support services to improve customer service.

June 2005