Corporate Mission & 7 guiding Principles

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Corporate Mission & 7 guiding Principles The Corporate Mission of the Mitsubishi Electric Group is to continually improve its technologies and services by applying creativity to all aspects of our business. By doing so, we enhance the quality of life in our society. Mitsubishi Electric Hydronics & IT Cooling Systems spa is the core company for central hydronic and IT cooling technologies within the group. 7 Guiding Principles 1 2 3 4 Trust Establish relationships with society, customers, shareholders, employees, and business partners based on strong mutual trust and respect Quality Provide the best products and services with unsurpassed quality Technology Pioneer new markets by promoting research and development, and fostering technological innovation Citizenship As a global player, contribute to the development of communities and society as a whole 5 6 7 Ethics and Compliance Conduct always in compliance with applicable laws and high ethical standards in all endeavours Environment Respect nature, and strive to protect and improve the global environment Growth Assure fair earnings to build a foundation for future growth. 2

The Mitsubishi Electric Company specialized in hydronic systems for air conditioning and IT Cooling solutions. Designs, manufactures, and markets high efficiency, reliable, economically viable, eco-sustainable solutions and value adding services worldwide, in particular by embracing renewable energy sources. Headquartered in Italy. Production in Italy, China, and India. We operate in the market with two brands: A leading brand in central climate control systems and Process Cooling with 45 years experience, providing products and value adding services in the most demanding projects worldwide. Leading IT cooling solutions with 50 years experience, a proven track of innovations, high quality and successful projects worldwide. Please consult Climaveneta and RC websites for further details on the product ranges 3

Products & Technologies Chillers and Heat pumps - Residential chillers - Reversible chillers - Heat pumps optimized for heating - Commercial and industrial chillers - Commercial and industrial heat pumps - Heat pumps for simultaneous and independent production of hot and cold water Free cooling chillers High precision air conditioners - Close control units - Close control units with inverter - Rack cooling solutions Data center infrastructures Dry coolers and remote condensers Air conditioners for Telecom applications Rooftop units Fully configurable all-in-one rooftop units Packaged fresh air units Rooftop units for WLHP and WSHP systems Indirect adiabatic cooling systems for data centers Hydronic terminals Cassette Type Fan coil units Air Handling Units Air handling units Control and optimisation systems Group devices Supervision devices Metering devices Control and optimisation systems 4

Production Plants in Europe M11 Bassano-Italy Productive area: 12,500 m 2 M12 Belluno-Italy - Liquid chillers - Reversible chillers - Heat pumps up to 500 kw - ISO 9001 / ISO 14001 / ISO 18001 - OHSAS18001 Productive area: 25,000 m 2 - Liquid chillers - Reversible chillers/ Heat pumps - Rooftop units - Shell&tube evaporators - ISO 9001 / ISO 14001 / ISO 18001 - OHSAS18001 M13 Belluno-Italy Productive area: 7,000 m 2 M14 Treviso-Italy - Air handling units - ISO 9001 / ISO 14001 / ISO 18001 - OHSAS18001 Productive area: 10,000 m 2 - Residential chillers - Heat pumps up to 150kW - Hydronic terminals - HPAC units - ISO 9001 / ISO 14001 / ISO 18001 - OHSAS18001 M21 Valle Salimbene-Italy M22 Valle Salimbene-Italy M23 Zeccone-Italy Productive area: 36,500 m 2 - Chillers and Heat Pumps from 5 to 300 kw - ISO 9001 and ISO 14001 Productive area: 2,300 m 2 - Large Capacity Chillers - Large Capacity Heat Pumps - ISO 9001 and ISO 14001 Productive area: 7,500 m 2 - Precision air conditioners - Telecom air conditioners - ISO 9001 and ISO 14001 Lean Manufacturing Dedicated specialized factories Continous improvement in production High level testing rooms at the end of the production 5

Laboratories in Europe ML14 Treviso-Italy HPAC, Terminal Units, small chillers & Heat Pumps - UNI 14511 - ISO 9614-2 ML21 Valle Salimbene-Italy Chillers & Heat Pumps - Up to 1600 kw - UNI 14511 - ISO 9614-2 ISO, UNI, ANSI-ASHRAE, Eurovent certified Performance testing both at full and partial loads Sound emissions tests ML12 Belluno -Italy Large chillers and & Heat Pumps - UNI 14511 - ISO 9614-2 ML24 Valle Salimbene-Italy Precision air conditioners - EUROVENT 6/6 - ANSI-ASHRAE 2016 Failure tests Simulation of naval applications Unit operation tests in severe conditions 6

Production Plants in China and India Lean Manufacturing Dedicated specialized factories M91 Shanghai-China Productive area: 15,000 m 2 - Liquid chillers - Reversible chillers for the Eastern market - ISO 9001, ISO 14001, ISO18001 - OHSAS18001 M93 Shanghai-China Productive area: 3,000 m 2 M94 Shanghai-China - AHU units - Fan coil units - Aluminium fin and copper tube coils - ISO 9001, ISO 14001, ISO18001 Productive area: 2,000 m 2 - Shell & tube Heat Exchangers - Condensers and evaporators - ISO 9001, ISO 14001, ISO18001 Continous Improvement in production High level testing rooms at the end of the production line M92 Shanghai-China Productive area: 2,500 m 2 - HPAC units for the Eastern market - ISO 9001, ISO 14001, ISO18001 M95 Foshan-China Productive area: 3,000 m 2 - Precision & Telecom air conditioners for South East Asia - ISO 9001, ISO 14001, ISO18001 M81 Bangalore - India Productive area: 2,500 m 2 - HPAC units - Screw compressor chillers - ISO 9001 7

Laboratories in China ML91 Shanghai-China Terminal units - GB/T 19232-2003 - GB/T 7725-2016 ML92 Shanghai-China Chillers & Heat Pumps - GB/T 10870-2014 ML93 Shanghai China ML94 Foshan-China Precision air conditioners - GB/T 17758-2010 Precision air conditioners - GB/T 17758-2010 8

Segments 9

Comfort: typical applications and examples OFFICE BUILDINGS The Willis Building London UK Hydronic System SPORT FACILITIES Singapore Sports Hub Singapore Hydronic system HOTELS Sheraton Mirage Resort Gold Coast - Australia Hydronic System SHOPPING CENTRES Marks & Spencers Dundrum Dublin - Ireland Hydronic System EXHIBITIONS Milan EXPO 2016 Milan Hydronic System, Air-to-air System THEATRES La Fenice Theatre Venice, Italy Hydronic System 10

Process: typical applications and examples AUTOMOTIVE Volkswagen Plant San Paolo Brasil Hydronic Systems MANUFACTURING Pirelli Settimo Torinese Packaged Units Rooftops FOOD Bodega garzón Uruguay Chillers + Air Handling Units LOGISTIC Amazon Milan - Italy Centralised system PLASTIC MOULDING Husky Molding Systems Chennai - India PHARMACEUTICAL Akzo Nobel Chemicals Wurzen Germania Hydronic System 11

IT Cooling: typical applications and examples TELECOMMUNICATIONS Bouygues Telecom France HPAC, IT Cooling GOVERNMENT Ministère de l intérieur France Chillers + HPAC, IT Cooling FINANCE China Construction Bank China IT Cooling INTERNET Galileo connect london London Great Britain Chillers + HPAC, IT Cooling 12