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~ ~i <br />III IIIIIIIIIIIII III <br />~exander <br />exander <br />March 6, 1996 <br />R~r.FniED <br />~ 13 1996 <br />Division o. ~.,~„or;s & Geology <br />Alexander& Alexander <br />of Texas, Ine. <br />5051 Wesiheimer Road, Suite 2100 <br />Houston, Texas 77056.5604 <br />P.O. Box 27128 <br />Houston, Texas 77227-7128 <br />Telephone 713-960-8700 <br />Telex 624.5968 <br />Facsimile 713-624-5960 <br />RE: Tremont Corporation, IM[ Titanium, [nc., Titanium Metal Corp. <br />Certificate of Workers' Compensation Insurance <br />Dear Certificateholder: <br />Alexander & Alexander is pleased to provide the attached certificate of insurance <br />evidencing workers' compensation coverage in the referenced states for Tremont <br />Corporation, IMI Titanium, Inc., and Titanium Metal Corp. Two policies, noted on <br />previously issued certificates, have been canceled and replaced by the one policy <br />referenced on the attached certificate. There was no lapse in coverage, and the terms and <br />conditions of the new policy are identical to those it replaces. <br />Sincerely, <br />ALEXANDER & ALEXANDER OF TEXAS, INC. <br />cc: Pat Stangle <br />