METALS DIVISION

● Aluminium ingots
● Aluminium drops
● Aluminium scrap
● Copper Scraps

Demand for recycled materials strengthened in 2017. This could be seen particularly in the amount of materials CASA BY ENZO
INC.Recycling delivered to its key clients in the Nordic region, Europe and Japan. The importance of other Asian markets continued
to diminish. The positive outlook among our key clients together with the beginnings of an economic recovery and our own
streamlined activities provide a solid foundation for our business operations. A high degree of processing, the measures we have
taken to improve our operational efficiency and the positive price trend towards the end of the year helped CASA BY ENZO INC
improve its result in 2016. Our operating margin improved by more than EUR 20 million compared to the previous year. Profitability
improved in all our market areas, but especially in our core business region in Canada, Finland, Sweden and Asia Improvements to
operational efficiency accounted for approximately EUR 8 million of our operating margin, while the positive trend in the degree of
processing and market prices accounted for approximately EUR 13 million. CASA BY ENZO INC in Recycling Aluminum focuses on
core business with confidence in the future.

Although average prices for key raw materials remained at a lower level than in the previous year, a positive turnaround in global
market prices occurred in the second half of 2017. Despite the subsequent price changes at the start of 2018, we expect the raw
material markets on the whole to develop favourably also this year. For the first time in years the markets are anticipating that
average prices will increase in 2018 compared to recent years, but we will give our wholesale customers the continued discount of
40+% off. In 2017 we continued to consolidate our operations and focus resources on our core business areas. In accordance with
our strategy we concluded the discontinuation of operations in Poland, Lithuania and Denmark. The non-recurring costs of
divestments related to non-core business units amounted to approximately EUR 3 million during the year under review, while the
cash flow impact was positive by approximately EUR 1 million. The focus of our operations in 2018 will continue to be on improving
customer service, local processing and operational efficiency.

Our daily activities are supported by an investment programme that was introduced in 2017. The first phase of invest is in home
and condo developments, the modernisation of aluminium production in Heinola, will be completed by the end of 2018.

In addition to improving our profitability, we are focusing heavily on improving occupational and fire safety. The Fire Safety internal
occupational safety campaign that we launched in Europe and North America in 2016 will be extended also to Sweden in 2017.
With this campaign we have set clear targets: we intend to lead the way in our industry in terms of both occupational and fire safety.
Our occupational safety targets are also part of CASA BY ENZO INC. Recycling’s incentive system. We are confident about the
future. Despite the unpredictability of the global economy, we have demonstrated – particularly in 2016 – that we are capable of
strengthening our competitiveness even in a challenging market environment and amidst intensifying competition. We shall continue
this work also in 2018. •

Mr. E.Rocco Jones - President, CASA BY ENZO INC.

CASA BY ENZO INC. is a recycler of aluminium, recycling more than 60 billion used beverage cans each year, aluminum wire
scrap and copper wire.. Our company runs an integrated network of rolling and recycling facilities across North America, South
America, Europe and Asia to deliver high quality sustainable products around the world. We also created the first–and largest–
automotive closed-loop recycling system in the world under which they recycle scrap aluminium from the automotive manufacturing
process keeping the value of the alloy intact, reducing recycling and transportation costs and carbon footprint and establishing a
secure supply chain.

Hard drives, servers, archive material, uniforms – anything goes. eliminates sensitive material safely and irreversibly. We reduce
information to such small fractions that it can no longer be accessed. All that remains is crushed or shredded waste that can be
given new life as recycled materials.

FRESH SGS CERTIFICATES ISSUED WITH EACH DELIVERIES.

DISTRIBUTION CYCLE.
CASA BY ENZO INC. - RUSSIA LOCATION SCRAP YARD Chelyabinsk, RU, Russia, CASA BY ENZO INC Has
an alliance with Metal Scrap Yard from around the world to supply up to 100,000 + MT per month In scrap metal.
CASA BY ENZO INC. is an international trading organisation that has built up an excellent reputation as a reliable and
environmentally conscious business partner. We offer our customers a stable partnership in combination with high-quality
aluminium materials, optimal prices and a constant level of stock.Thanks to our extensive experience and international network,
we are able to ship used aluminium materials based on customer demand. We help you satisfy local Customs requirements and
have all the expertise required for managing major projects.Used copper and aluminium is a valuable raw material.

CASA BY ENZO INC looks forward to sharing this value opportunity with you and convincing you of our qualities as a valuable
business partner.

CASA BY ENZO INC. Head Registration Office in Canada 191 Webb Street,Bradford, Ontario, Canada, L3Z 0P7 Website:
https://enzo888.en.ec21.com Email: info@casa-by-enzo.comTel: 437.731.1277