I C H T H Y O L E P A L. Safety and efficacy from nature PALE ICHTHYOL. Active substance for skin and hair

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I C H Safety and efficacy from nature ICHTHYO Active substance for skin and hair PALE

ICHTHYO PALE ICHTHYOL-GESELLSCHAFT manufactures unique raw materials from highly sulfuric and organic matter rich limestone in GMP compliant production under the umbrella term of Ichthyol substances. Fascinated by the numerous inclusions of prehistoric scale fish in the rock Greek Ichthys was combined with latin Oleum to the illustrious name of ICHTHYO. Chemically regarded Ichthyol substances are sulfonated shale oils of highest purity. Their uniquely high content of organically combined sulphur is indispensable for their therapeutic efficacy. The Ichthyol substances belong to the best documented active ingredients from nature today. Their versatile actions and their good tolerance are substantiated by clinical and toxicological studies, respectively. Advantages at a glance :: Natural origin (from organic matter rich limestone) :: High purity :: Good tolerance :: Large safety factor (MoS) :: Broad spectrum of efficacy :: GMP-controlled manufacture :: Reliable Processing :: Versatile formulations (water soluble) :: Comprehensive documentation :: Fully REACH compatible Under the name of ICHTHYO PALE a pale Ichthyol substance specially developed for cosmetic application is offered. In hair and skin care the cosmetic agent with the official INCI-name sodium shale oil sulfonate has gained importance worldwide because of its broad action profile. Its benefits in control of severe dandruff and skin blemishes could be proven in a variety of clinical studies. ICHTHYO PALE is distinguished by versatile cosmetic formulation possibilities. Manufacture and quality are adapted to the evergrowing legal requirements in order to provide users of our raw material certainty for future utilization. Convince yourself on the following pages about quality and action mechanisms of a unique raw material. REACH Substance Identification: ICHTHYOLIC ACID, SODIUM SALT CAS NO. 1340-06-03 INCI TRADE MARK ICHTHYO PALE EINECS NO. 215-671-7 Thank you for your interest. Sincerely yours, ICHTHYOL GESELLSCHAFT SODIUM SHALE OIL SULFONATE You can find more information under www.ichthyol.com

FORMULATONS: Rinse-off: shampoo, rinses Leave-on: hair lotion ICHTHYOL-GESELLSCHAFT: A story to tell ICHTHYO PALE Research - Hair Care/Dandruff A complex condition requires an inspired answer Founded back in 1884 ICHTHYOL- GESELLSCHAFT today is a renowned address in the dermatological field. For more than 130 years the family-run company is based mainly on its unique active ingredient Ichthyol that gave the company its name. Bringing together tradition and progress as well as science and service ICHTHYOL- GESELLSCHAFT offers comprehensive solutions for dermatological needs. Laboratories and pilot plant capabilities give the company extensive possibilities for research and development. From the river Rhone in France via the mountains of Austria to Hamburg the substance ICHTHYO PALE develops in a multinational cooperation. The well-tolerated substance of natural origin can be used in hair care products (e.g. for treatment of dandruff) and for skin care as well (e.g. for treatment of blemishes) due to its broad spectrum of efficacy. Characteristics of Dandruff Colonization with bacteria and fungi Skin redness, itching Greasy scalp and hair ICHTHYO PALE takes action 1 Antibacterial and antifungal action Soothing, anti-inflammatory action Antiseborrhoic action Mine Orbagnoux France Headquarters Finished Products Research & Development Hamburg, Germany Production Site Raw Materials Seefeld, Austria ICHTHYO PALE Take advantage of its broad spectrum of efficacy & compatibility with a variety of substances. Exemplary shampoo formulation: Water 69.9 % Sodium Laureth Sulfate & Lauryl Glucosid 15.0 % Cocamidopropyl-Betaine 6.0 % Disodium Cocoampodiacetate 5.0 % Coco-Glucoside & Glyceryl Oleate 2.5 % Sodium Shale Oil Sulfonate 1.0 % Parfum 0.5 % Phenoxyethanol 0.1 % 1 Gayko, G.: dealing with dandruff needs integrated approach, Personal Care Magazine, May 2009 2 Gayko, G.: Sulfonate d huile de schiste sodique contre les pellicules - Sodium Shale Oil Sulfonate against dandruff, Parfums Cosmétiques Actualités, No. 170, Avril/mai 2003 3 Gayko, G. et al.: The use of a pale type of ICHTHYO in cosmetic dermatology, Clinical Dermatology 8 (4), (2006) 243-247

ICHTHYO PALE Research - Effect/Dandruff Comparison with established anti-dandruff agents ICHTHYO PALE Research - Effect/Dandruff Comparison with Coal Tar Improvement of symptoms (%) 70.0 60.0 50.0 40.0 30.0 20.0 10.0 Improvement of Dandruff Improvement of Itching Coal Tar, clinically beneficial in the treatment of dandruff without doubt, is known to contain carcinogens. On account of safety reasons, therefore, Coal Tar has already been banned from uncontrolled use in cosmetics in the European Union. It could be proved that a safe, welltolerated and, above all, similarly effective and broad spectrum alternative of natural origin is available with ICHTHYO PALE to substitute Coal Tar in dandruff shampoos. 4 In Europe, this exchange has already been done successfully. ICHTHYO PALE - well tolerated Coal Tar substitute for reformulation 0.0 Dandruff most often comes along with unpleasant concomitant symptoms as skin redness, itching and greasy scalp and hair. ICHTHYO PALE is suitable for an all-embracing treatment. This could be proved in studies in which it was compared with the well known synthetic antidandruff agents Zinc Pyrithione and Piroctone Olamine 2. All findings reflect: ICHTHYO PALE is superior due to multifunctionality, good tolerance and long-term safety. Sodium Shale Oil Sulfonate Zinc Pyrithione Piroctone Olamine after treatment phase of six weeks Fig. 1. Excerpt from studies of ICHTHYO PALE vs. Zinc Pyrithione and Piroctone Olamine. ICHTHYO PALE is superior in improving dandruff and itching due to its multifunctionality. Combination with established antidandruff agents In combination shampoos with potent anti-fungal agents ICHTHYO PALE provides valuable additional actions for an exceptional antidandruff performance. Faster and broader effects are observed and symptoms concomitant to dandruff are successfully countered 3. Average Dandruff Score 3 2.5 2 1.5 1 0.5 0 2.88-91% 0.25 2.71-84% 0.43 0 8 0 8 Sodium Shale Oil Sulfonate Coal Tar Time (Weeks) Fig. 2. Excerpt from the comparison study ICHTHYO PALE vs. Coal Tar: ICHTHYO PALE is as effective as Coal Tar in the reduction of dandruff, however, in contrast to Coal Tar it is safe in long-term treatment. 4 Gayko, G. et al.: Antidandruff Efficacy of Sodium Shale Oil Sulfonate versus Coal Tar, Cosmetics & Toiletries 120 (3), (2005) 83-92 5 Reinhard, S. and Warnecke, J., Helles sulfoniertes Schieferöl zur lokalen Behandlung der Acne vulgaris, Der Allgemeinarzt 17, (1995) 182 (engl. translation available)

FORMULATONS: Clarifying creams, Cleansing milks, Alcoholic-aqueous solutions ICHTHYO PALE Research - Skin Blemishes and pimples When oil glands are out of control... ICHTHYO PALE makes no concessions: Threefold action in one ingredient for modern treatment of skin blemishes and pimples. In a study on 101 humans after a treatment period of 6 weeks great improvements in elimination of skin impurities could be observed in nearly 80% of the cases using a cream containing 1 % of ICHTHYO PALE (see exemplary formulation below). ICHTHYO PALE Research - Skin irritations like redness and itching Inflammatory processes like redness and itching of the skin can be countered excellently by ICHTHYO PALE. The antinflammatory action was confirmed recently by means of the UVB erythema test. 6 In the study a cream with 4 % of ICHTHYO PALE was compared with the active ingredient-free vehicle and a reference product containing 0.5 % of hydrocortisone as active substance. Characteristics of of impure skin Overproduction of oil glands ICHTHYO PALE takes action 5 Antiseborrhoic action ICHTHYO PALE in a concentration of 4 % exerts an anti-inflammatory action equivalent to 0.5% hydrocortisone: Microbial colonization of oil glands and hair follicles Inflammations Antimicrobial action Anti-inflammatory action COMPARISON OF SKIN COLOUR 24H AFTER UVB-IRRADIATION Exemplary cream formulation: Aqua 25-50 % Propylene Glycol 5-10 % PEG-20 Glyceryl Stearate 5-10 % Titanium Dioxide 1-5 % Sodium Shale Oil Sulfonate* 1.0 % Petrolatum 10-25 % Caprylic/Capric Triglyceride 5-10 % Cetyl Alcohol 1-5 % Glyceryl Stearate 1-5 % relative normalization of skin redness (%) 30.0 25.0 20.0 15.0 10.0 5.0 0.0 4% ICHTHYOL PALE reference 0.5% Hydrocortisone active ingredient-free vehicle Time (Weeks) *ICHTHYO PALE is added to the water phase containing the hydrophilic compounds 6 Warnecke, J.: Teerersatzstoffe in der Dermatologe und Kosmetologie, Kosmetische Medizin 19(6), (1999) 332 (engl. translation available)

ON THE SAFE SIDE ICHTHYO PALE is well tolerated ICHTHYO PALE Research - Effect: Bacteria and fungi ICHTHYO PALE Research - Safety evaluation EFFECT OF SODIUM SHALE OIL SULFONATE Micro-organism MIC*(%) Inhibiting zone diameter (mm) Aqueous solution of Aqueous solution of 1 % ICHTHYO PALE 5 % ICHTHYO PALE Staphylococcus aureus 0.039 1.0 2.5 Pseudomonas aeruginosa 0.039 0.5 1.0 Pityrosporum spec. - 2.0 11.0 Candida albicans 0.2-5.1 -- -- The good tolerance of ICHTHYO PALE has been verified in numerous toxicological studies. ICHTHYO PALE showed itself to be welltolerated both in short-term as well as long-term administration. There was no evidence of any teratogenic, mutagenic or cancerogenic properties. 7 Formulation The safety of a raw material such as ICHTHYO PALE is best illustrated by calculating the margin of safety. With hair shampoo (rinse-off) and body lotion (leave-on) as formulation examples, safety factors clearly above the required minimum value of 100 result for ICHTHYO PALE. Safety Factor (required: 100) Dermatophytes 0.05-0.1 -- -- (p. ex. Microsporum canis, Trichophyton rubrum) Shampoo (rinse-off) 230769 Propionibacterium acnes 0.039 Body Lotion (leave-on) 1730 * MIC / Minimum inhibitory concentration ICHTHYO PALE exhibits anti-microbial actions in all micro-organisms relevant in cosmetically significant skin conditions. ICHTHYO PALE can, therefore, be classified as a safe substance in accordance with the European Regulation on Cosmetic Products. The anti-bacterial and anti-mycetic actions of ICHTHYO PALE, expressed by the minimal inhibitory concentration (MIC) and inhibiting zone diameters, were determined in dilution and plate diffusion tests. 7 Cholcha, W. et al.: Experimental Studies on the Tolerance of Pale Sulfonated Shale Oil Following Local and Systemic Application, Arzneim. - Forsch./Drug Res. 44(I), 2 (1994) 170

ICHTHYO PALE Research - Differentiation from tars ICHTHYO PALE Manufacture - Origin and GMP-controlled manufacture There are still some reports in the scientific literature in which sulfonated shale oils, such as ICHTHYO PALE, are grouped with tars because of their related efficacy and ICHTHYO PALE From nature Raw material: oil shale Processing temperature: <480 C Rich in sulphur ( 11-13.5 % ) Water-soluble Surface-active High purity (<0.1 ppb BaP*) Non-mutagenic, Non-cancerogenic The high purity of ICHTHYO PALE is also confirmed by PAH analyses. It can be demonstrated with gas chromatography/mass spectrometry that ICHTHYO PALE contains only hardly detectable traces of polycyclic aromatic hydrocarbons (regulary less than 0.1 ppb benzo[a]pyrene). These findings coincide characteristic odour. This classification, however, is wrong. ICHTHYO PALE and tars differ in terms of: COAL TAR From nature Raw material: coal Processing temperature: 1000 C Low in sulphur ( <1 % ) Non-water-soluble Non-surface-active Severely PAH-contaminated (>5,000,000 ppb BaP*) with the good tolerance of ICHTHYO PALE. In addition, if one considers the active ingredient concentration to be applied, i.e. 0.5-5 %, this means that the content of benzo[a]pyrene as leading substance is below the analytical detection limit in the finished cosmetic product. OIL SHALE ICHTHYO PALE has an an extremely interesting history of development. In geoscientific terms its origin goes back to deposits of microscopically small algae (phytoplankton) in a special lagoon milieu in the alpine region of the mesozoic era. Under certain conditions large quantities of organically combined sulphur could be formed in the biomass during biological (anaerobic) degradation of the marine phytoplankton by sulphate reducing bacteria. By diagenetic processes the periodic deposits developed into schist-like sedimentary rocks (oil shale) that contain the marine biomass in a solidified form today. The extraction of suitable shale rock from deposits inside the mountain and the further manufacture of ICHTHYO PALE are very complex and challenging technically. At the end of geological processes qualitatively appropriate, highly sulphuric deposits of oil shale are hidden hardly accessible inside the mountains and have to be exploited in a complicated system of underground chambers. In the dry distillation process following underground mining the oil shale rock is gently heated under exclusion of air. Thereby, biomass present in the rock is decomposed only to such an extent that it can be converted from a solid into a liquid form. The resulting shale oil is distinguished by a high content of organically combined sulphur (up to 15 %) which is unequalled world-wide. Distillative Refinement The shale oil is purified before undergoing further processing. A distillation treatment is carried out in order to remove finely distributed solid particles and high-molecular substances (e.g. polycyclic aromatic hydrocarbons, PAH). Thereby, one obtains a special, low-boiling shale oil fraction. ICHTHYO PALE The low-boiling shale oil fraction is allowed to react with concentrated sulphuric acid in a gentle sulfonation reaction and is then neutralized with sodium

hydroxide solution. The non-polar oil is thereby converted into the water-soluble and surface-active ICHTHYO PALE. Quality Assurance To obtain a constantly good quality of ICHTHYO PALE, it is absolutely necessary to carry out the manufacturing process under exactly defined and controlled conditions in accordance with the Guidelines for Good Manufacturing Practice, GMP. Our manufacturing site is regularly inspected by health authorities. A corresponding GMP-Certificate is available. Further information is available from ICHTHYOL-GESELLSCHAFT Cordes, Hermanni & Co. (GmbH & Co.) KG Sportallee 85 D-22335 Hamburg (Germany) Phone: +49-40-507 14-360 Fax: +49-40-507 14-110 www.ichthyol.com email: info@ichthyol.com POWER FOR YOUR FORMULATIONS.