Introduction to the Vought SIPJune 22-26, 2009

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IRS qualified plan• Over $300M of assets• Over 6,000 participants

The Plan’s Recordkeeper (the company that tracks participant balances, receives and executes participant decisions, receives employee funds, etc.) is ACS HR Solutions

Savings and Investment Plan (SIP) Facts

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401(k) plans allow participants to designate a percentage of their weekly wages (called a “deferral”) to be placed in investment funds of their choice• The deferral does not count towards the current

year’s taxable income– The original deferrals and any investment income earned are

only taxable when withdrawn– There are penalties for early withdrawal

• Deferrals are invested according to the participants instructions– If no instructions are provided the deferral will be placed in a

default investment fund

401(k) Plan Overview

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SIP Contributions Categories

1. Deferral- You choose to contribute between 1% – 30% of eligible compensation, pre-tax, from your weekly paycheck

2. Company Match- The Company matches your contributions dollar for dollar on the first 2% you contribute, and 50 cents on the dollar for up to the next 4%

Example:If you save this much… Vought Matches this

much…And you receive this much..

The first 2% of pay you save

100% ($1 for each $1) If you save 2% you receive 2% from Vought

The next 4% of pay you save

50% ($0.50 for each $1) If you save another 4% you get an additional 2%

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SIP Contributions Categories cont’d

3. Retirement Contribution Account (RCA) -• If you have a frozen pension (less than 16 years of

seniority or were hired after September 2008), you will automatically receive from the Company each week either $45 or 3% of your eligible compensation (whichever is greater) into the RCA -- regardless of whether or not you choose to contribute any of your earned wages

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Basic Investment Principles

Diversification - By placing your savings in more than one investment fund, you can lower the impact that periodic losses from any one investment option may have on your overall account balance. Spreading your investments across several different funds with different risk characteristics is called “diversifying” your account.

Dollar Cost Averaging - When you invest a fixed amount in investment funds on a regular basis, you tend to buy more units of the funds when prices are low and fewer units when prices are high. This way, the price of the units you buy averages out over time, regardless of what happens in the investment market.

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Basic Investment Principles

Compounding - Any investment earnings are reinvested and may also generate earnings.

The Value of Compounding

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

5 Years 10 Years 15 Years 20 Years 25 Years 30 Years

Years

Acc

ount

Bal

ance

Your Contributions Company Matching ContributionsCompany RCA Contributions

This illustration is hypothetical and does not represent the performance of any particular investment. Your results may be more or less. Assumes initial weekly pay of $800, 6% pretax contributions, 3% annual pay increases and investment returns of 7% per year.

This illustration is hypothetical and does not represent the performance of any particular investment. Your results may be more or less. Assumes initial weekly pay of $800, 6% pretax contributions, 3% annual pay increases and investment returns of 7% per year.

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The SIP has three major investment options:• Target date retirement funds – designed to hold a

broadly diversified set of investments that are risk balanced for various stages of a working career based on a target retirement date (for example, 2010 or 2040)

• Core Funds – Funds made up of broad asset classes (for example, short term bonds or global stocks)

• Schwab Personal Choice – Access through Schwab to thousands of publicly traded no-load mutual funds

Investment Options

The SIP offers a wide array of choices that can be customized to individual needs and preferences – See your “Connect with Your Future” brochure for additional description.

The SIP offers a wide array of choices that can be customized to individual needs and preferences – See your “Connect with Your Future” brochure for additional description.

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Accessing Your Funds

When leaving the Company:

If you are 59 ½ or older you may take a lump sum or partial distribution, choose to receive installment payments, rollover eligible funds to another qualified plan or IRA, or if your balance is greater than $1,000, you can leave it in the Vought SIP

If you are less than 59 ½ years old you may take a lump sum distribution (subject to tax and early withdrawal penalties unless you terminate after turning 55), rollover the eligible funds to another qualified plan or IRA, or if your balance is greater than $1,000 you can leave it in the Vought SIP

While an active employee you can:

Take a loan from your vested balance

Take a Qualified Hardship Withdrawal

Take in Service withdrawals if you have obtained age 591/2

(See SPD for further details)

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Getting Started

You are already automatically enrolled to defer at 3% per pay period beginning with the first paycheck in July. To opt out you must make an election to do so by 6/24/09• If you choose to opt out of contributing, we have provided a one

time manual form to do so.

Your match will automatically occur each pay period in which you have a SIP payroll deduction.

If you are eligible for the RCA contributions (less than 16 years of seniority), it will be made automatically each week you receive eligible pay beginning with the first paycheck in July regardless of whether or not you elect to defer.

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SIP Online

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SIP Online Features

SIP Online gives participants access to their 401(k) account 24-7. The online features allow you to:

View all SIP account balances and account activity in a customizable date format

Change the amount being deferred into the SIP

Change your current fund allocation

Change your future investment direction

Elect or opt out of the Auto-Save feature

Request a loan or qualified hardship withdrawal

View and print quarterly statements

Better plan for your retirement using the various online tools and calculators

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For your first login your PIN number is the last 4 digits of your Social Security Number

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Click here to Access the details of your account or make changes

Access SPDs, Forms, and Personal Information here

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Change investment direction, change deferral amount, or request a loan by clicking here

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You can make most changes to your account on this screen by clicking on one of the options to the left.

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Enter your new pre or post tax contribution rate here, elect whether you want to participate in the Auto-Save feature& click submit

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Allows you to look at transactions on your account for the date range that you specify

View your quarterly statements by clicking here

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Click here to contact ACS by email, phone, or US Mail

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Questions?

Contacts:• Nisha Anderson – ext. 4968• Benefits Help Line – Toll free 866-689-5999• SIP – Toll free 800-556-7380

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