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~: <br />l <br />STAT.B OF COLORADO ) <br />88: <br />COIINTY OF DENVER ) <br />AFFIDAVIT OF JOHN R. GRANGE <br />John R. Grange, being duly sworn on oath, deposes and <br />affirms as follows: <br />1. I currently am a Consultant and actuary at Towers <br />Perrin. I also am an Associate of the Society of Actuaries. My <br />business address is 1200 Seventeenth Street, Suite 1200, Denver, <br />Colorado 80202. <br />2. Towers Perrin provides actuarial and consulting <br />services to the Reorganized Debtors ("CF6I"). We serve as the <br />enrolled actuary for the Non-Contributory Plan of CF6I Steel <br />Corporation (the "Non-Contributory Plan"). <br />3. As an actuary for the Non-Contributory Plan, <br />Towers Perrin is required to periodically determine the present <br />value of the benefits provided by the Non-Contributory Plan, <br />based on reasonable actuarial assumptions. The calculation of <br />benefits is required for a number of reasons including financial <br />disclosure requirements, IRS funding requirements, and deduction <br />limits. Towers Perrin has provided this service since 1987. <br />t. Since January, 1992, I have assisted CF6I in <br />connection with the standard termination of the Non-Contributory <br />Plan. <br />5. In June, 1993, I prepared Notices of Intent to <br />Terminate and Notices of Plan Benefits, on behalf of CF6I, and I <br />2 <br />