WHO IS COSWELL Coswell Coswell

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1 Company Profile

2 WHO IS COSWELL Coswell is a company specialized in the manufacturing and distribution of body care FMCGs and health food products, masstige and selective fragrances and skin care products for perfumeries. Coswell operates in a dynamic and professional way, and is able to provide innovative and high-quality products thanks to a dedicated R&D Dept and to the collaboration with private Research Laboratories and with the most important Italian Universities.

3 Coswell provides innovative products and high-quality, safe and convenient services, aimed to improve people s quality of life, everywhere in the world. OUR MISSION

4 OUR HISTORY: the Sixties and the Seventies Guaber is founded in 1961 by Paolo Gualandi and Athos Bergamaschi. The first accountancy document, dated mid-march, states: Sales: , expenses: Revenue: 630 Lire!". Guaber enters the industry world. Gualandi and Bergamaschi foresee a brilliant future for personal hygiene products, that seem to have great prospects, so they equipped Guaber for the manufacturing of bath-foams, shampoos and deodorants. In these years the Company acquires its sales know how distributing Flex shampoo by Revlon Company

5 OUR HISTORY: our first successful brands From the application of marketing know-how the first succesfull brands are born: Antica Erboristeria, the first toiletry line based on natural active ingredients (transferred to Gillette in 1987), Grey wax (acquisition) and Vape the soon-to-be leading insecticide brand.

6 OUR HISTORY: the Eighties and the Nineties With Neutromed, a toiletry line characterized by ph 5,5 Guaber creates a segment that will remain unparalleled for years. Guaber strengthen its portfolio with the launch of Coloreria Italiana the first dyeing range to be used onto the washing machine and Drago antilimescale product. Eurocosmesi is established to manufacture and distribute fragrances pertaining to the most famous brands of the Italian style and art. Eurocosmesi launches the Swiss cosmetic brand Transvital in selected perfumeries all over the world.

7 OUR HISTORY: the Eighties and the Nineties The new Bionsen line is launched, based on Japanese SPA Minerals as the result of cosmetic and dermatological researches by Clinica Universitaria of Siena and the Center for Thermal Studies in Tokyo. The villa in Ozzano dell'emilia becomes the head office of Istituto Erboristico L'Angelica for farming, studying and using of medicinal herbs. Istituto Erboristico L Angelica creates the market of food supplement into the supermarkets and created the category of functional herbal teas.

8 OUR HISTORY: the years 2000 After a complete redecoration Hotel Cristallo in Cortina d'ampezzo (Belluno) opens and becomes the location for Transvital Swiss Beauty Center and Isokinetic (Sport Reconditioning Center). Guaber celebrates the first 40 years of activity launching L Acchiappacolore, a paper sheet that revolutionizes the way to wash the laundry in the washing machine. 5 subsidiaries are created in UK, Spain, Hungary, Russia and Germany. Guaber acquires Vim brand from Unilever, bringing back to Italy a brand of centenarian history and Blanx, the first and leading whitening toothpaste. Vape Foundation is established as an initiative by the Gualandi Family.

9 OUR HISTORY: the last years Guaber Spain takes over from Unilever the grant to use CIF brand. Guaber reached around 200M turnover and foresees stock exchange listing but in 2006 decision is to separate Guaber Coswell (personal care and well-being products) from Guaber Household (home care and plant care products). Guaber Household and Axa Private Equity sign an agreement for an Italian-French holding with branches all over Europe: Spotless Group. Coswell acquires PREP Company, a mono-brand Company, and Euritalia, a pharmaceutical Company. In December the production site is separated in a different company, INCOS.

10 OUR HISTORY: the last years Coswell develops and patents a new active ingredient that is able to repair tooth enamel and introduces the first and only enamel-repairing toothpaste in the world: Biorepair, creating a whole new category in the toothtpastes market. With this outstanding innovation it also drives Blanx toothpastes to international success. Coswell acquires Stomygen brand with the aim to become a leading player into the Professional Dentistry market.

11 INNOVATION: Research & Development Our company policy and strategies are addressed to an idea of continuous innovation and creativity. A Coswell product shall distinguish from the others by its characteristics of effectiveness, safety for the human health, quality and hygiene. Research and innovation at Coswell the research activity, along with a free and independent way of thinking, has realized intuitions that have then been successful on the market and that are mainly based on the product innovation.

12 DIVERSIFIED BUSINESS Coswell Group nowadays is composed by three Commercial Divisions (excluding private label business): MASS MARKET PERFUMERY PHARMACY OEM

13 DIVERSIFIED BUSINESS: main Brands Own Brands Licenced Brands

14 COMPANY STRUCTURE Total Personnel: 85 employed FTE + agents Marketing Team: 12 people Sales Team: Mass Market : 33 people Perfumery : 22 people Pharmacy : 52 people Export: 8 people Customer Service: 15 people Backoffice: 25 people

15 Industrial division of

16 INCOS COSMECEUTICA INDUSTRIALE is the modern evolution of a consolidated industrial history. Founded on 1st January 2009 as a part of Coswell, formerly Guaber, the Company combines modernity with the dynamism of a youthful partner with the experience and reliability of the historic parent Company founded it INCOS is today a well established production group specialized in the production of Cosmetics, Herbal products, Health foods (supplements and functional foods) and Plant Extracts on behalf of well known brands in the context of department stores, pharmacies and Private Labels.

17 The manufacturing plant

18 SOME NUMBERS: 120 employees Manufacturing capacity: 60 million pieces/year 3 division: HEALTH FOOD, TOILETRIES, HERBAL EXTRACTS SERVICES: R&D, R&D PACK, QUALITY CONTROL, MICROBIOLOGY, REGULATORY, PURCHASING DEPT, HUMAN RESOURCE, PRODUCTION, ENGENEERING PLANT

19 SERVICES R&D Formula R&D Pack R&D Extracts Regulatory Affair Support Quality Control Microbiology OEM Manufacturing

20 LABS The Research & Development laboratories have built up excellent know how in the Toiletries, Health Food and Plant Extracts departments. They also distinguish themselves by availing of the latest equipment and highly qualified personnel, in order to ensure: Challenge Test Organoleptic Analysis Chemical-physical Analysis Microbiological Analysis Checks on raw materials Checks on packaging and its compatibility with the various products A dynamic division, constantly on the search for innovative raw materials from specialist suppliers, always ready to offer highly efficient functional active ingredients, studies effective formulations in compliance with the national, international and European regulatory standards.

21 REGULATORY Qualified staff Legal know-how for labeling that meets international regulations Close relationship with MoH, EFSA, other Associations (AIIPA, ASSOERBE, FEDERSALUS, UNIPRO) Regulatory service on labelling and on-pack claim

22 QUALITY CONTROL Qualified staff which controls all production process from the raw materials to the final product that arrives on the shelves Controls of semi-finished products, pack and final products Compatibility of pack-formula to guarantee the coverage of the product s shelf-life Compliance with the hygienic and sanitary standards of the ISO 9001:2008 certification Protocol HACCP

23 MICROBIOLOGY Qualified staff to valuate the assessment of microbiological contamination Microbiological control of the raw materials, herbal extracts internally produced, semi-finished and final products Microbiological controls of water and environment Monitoring of bacterial viability in the products based on probiotics

24 MANUFACTURING The INCOS production provides our customers with know how and the technological platform with reference to 3 production divisions: Toiletries Health Food, Herbal products Plant Extracts The annual production capacity is about 60 million pieces.

25 MANUFACTURING - Toiletries INCOS has various lines that are completely automatic and others that are semi-automatic, thereby significantly increasing the production flexibility. Toothpastes and Mouthwashes Body cream, hand cream, face cream, oils, body lotions Shampoo, Conditioners, Bath foams, Shower foams Feminine hygiene washes, Liquid Soaps

26 MANUFACTURING Health Food The internal development and production of a large variety of plant extracts make it possible to produce customized herbal products, and to effectively satisfy all health-fitness and functional needs of the Health Food as well as Cosmetics sector. Functional herbal teas and Infusions (which represent the core business of the health food division) Supplements in the form of capsules, sachets, tablets, in oral soluble sticks, liquids and powder granules Syrups and single dose syrups Functional beverages Supplements in dispenser caps to be applied directly on the mineral water bottle

27 CERTIFICATE UNI EN ISO 9001:2008 UNI EN ISO 22716:2008 HACCP

28

29 PLANT EXTRACTS FOR FOOD AND COSMETIC USE With the brand Angelica, INCOS produces in its own plant a large variety of herbal extracts. There are more than 400 types of natural and organic extracts.

30 STUDYING The first step to develop a competitive product that finds the market requests is the continuous updating. That s why our staff always researches and studies the scientific literature on raw materials and their biological activity. RAW MATERIALS We look for the first-rate dry herbs for origin, safety and quality.

31 DEVELOPING We work on the extraction process to find the better way to preserve active principles from plants ANALYZING Developing advanced analytical methods to titrate herbs and derivative product in order to assure the content of the functional molecules (UV and HPLC)

32 CONTROLLING The quality control laboratories checks every batch of finished products from a chemical, microbiological and organoleptic point of view. Determination of contaminants (pesticides and heavy metals) CERTIFYING The production of all the extracts follows HACCP and ISO Organic products are certified ICEA

33 ATTENDING The customers are followed in each step of the supply, from the samples shipment to the complete documentation: Certificate of analysis Technical data sheet Safety data sheet Methods of use in cosmetics and food PERSONALIZING We can produce extracts or complexes on customer request.

34 The complete range of vegetal products Watersoluble Extracts Liposoluble Extracts Fruits Extracts Organic Plants Extracts Titrated Dry Extracts Sea Bio-derivatives Phytomilks Phycomplexes Hydrolyzed Vegetal Proteins Distilled Waters

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