1.FORMER TRONOX SITE, SAVANNAH, GEORGIA Facility Overview November 1, 2013 Greenfield Environmental Savannah Trust, LLC, Trustee of the Savannah Environmental Response Trust Marc Weinreich, Managing Principal Philip Rowland, Plant Manager Joseph Blackmon, EHS Manager 1

2. SITE HISTORY & CHRONOLOGY 1880s--Rice Plantation 1955--American Cyanamid Corporation 1985--Kemira Pigments, Inc. 2000--Kerr-McGee Chemical LLC 2004--KM Shuts Down Sulfate TiO2 Plant 2006--Kerr-McGee Spins Off Tronox As Site Owner 270+/- Employees, $25MM annual payroll, largest single customer of Georgia Power in Savannah 2009--Tronox Files Bankruptcy Shuts Down Chloride TiO2 plant, Terminates 240+/- WorkersFeb 2011 Savannah Trust Takes Ownership 2 3. WHAT IS THE SAVANNAH TRUST? 1 of 5 Environmental Response Trusts Created as Part ofGlobal Tronox Bankruptcy Settlement Involving US, Navajo Nation, 22 States and 1,000s of Properties Former Tronox site broken out of Massive MST Georgia EPD and United States are Sole Beneficiaries Trustee is Wholly-Owned Subsidiary of GETG, a 2 TimeNational Phoenix Award Winner for Superfund Reuse Primary Purpose: Own, Manage, Investigate, Clean-upand Catalyze Site Reuse/Economic Development3 4. WHAT IS THE SAVANNAH TRUST? (cont.) Secondary Purpose: As Owner/Operator of SulfuricAcid Plant, Maintain Jobs & Generate $$ to Offset Clean-up Costs Original Funding Dedicated To Site: $2,924,691.00: Environmental Cost Account (ECA) $4,182,664.00: Administrative Account: (propety taxes, ins., etc.) 1.00% ECA Anadarko Trust Litigation Net Proceeds 0.28521% AA Anadarko Trust Litigation Net Proceeds Excess Funds Goes to Sister Trusts, Not Available to State Role of Beneficiaries Approve Trusts ECA, AA & SAP Budgets Aids Trust w/Successful Site Management with Bi-Weekly Calls & Meetings, including: --Providing Technical & Regulatory Oversight for Clean-Up, Compliance & Reuse --Reviewing/Approving Trusts Recommendations for Major Site & Trust Activities: Clean-Up, Facility Operations, Property Sales, Complicated Chemical Plant Issues4 5. TWO MAJOR TRUST CHALLENGES 1.Manage & Implement the Investigation, CleanUp, & Sale of 1600 Acre Former Kerr-McGee Site with Limited, Finite Trust Funds.2.Seamlessly Assume & Continue to Profitably & Safely Operate Intrinsically Dangerous Sulfuric Acid Chemical Business.5 6. FORMER TRONOX PROPERTY Elba IslandNSouth CarolinaFort JacksonProperty BoundaryApproximately 1 Mile 7. KEY PROPERTY FEATURES 1,600 acres +/- On Savannah River w/Deep Water Dock Decaying Sulfate & Chloride TiO2 Structures Operating Sulfuric Acid Plant Former Municipal Landfill (Deptford Tract) Former City of Savannah Municipal Waste Incinerator R & D/Office Facility (60,000 sf ) Dry Goods Warehouse (50,000 sf ) Saltmarsh Mitigation Bank(s) Residual TiO2 Ore Material Natural Gas, Electrical, Water & Rail (CSX, NS & RailLink Local) Infrastructure7 8. WHAT YOU WILL SEE ON SITE TOUR Operating Acid Plant Completed Steam Generator Improvement Project Sulfur Storage Tank Maintenance & Repair Project Major On-Going Environmental Actions: RCRA Ditch Closure Corrective Action Demolition of Decaying TiO2 & Trash Burning Facilities Deptford Tract 9. SULFURIC ACID PLANT LOCATION9 10. SULFURIC ACID PLANT 300,000 Ton/Yr Capacity 30 Union/Non-Union Employees w/Annual Payroll of $ 2.6 mm Since Trust Took Over (2/2011), Plant Has Contributed $8.7MM+/- in Profits for Benefit of Trust/Site/Beneficiaries10 11. TWO MAJOR ACID PLANT PROJECTS 1. 750,000 Gal Sulfur Storage Tank Repair 2. 2,500 kw Steam Turbine Generator Project Supplies 85% of Power to Entire Site Substantially Reduces Long-Term Operation Costs Creates New Value For Site & Plant11 12. STEAM TURBINE GENERATORGREEN TECHNOLOGY12 13. RECENT ADDITIONAL ACID PLANT PROJECTS Completed Successful $ 1 mm+ Plant Turnaround in 2012 Negotiated a ~ $ 1 mm Reduction in Raw Material Costs for 201413 14. WASTEWATER DITCH CLOSURE PROJECT System of Open Earth Channels & Culverts Used Since 1955 to Transfer Process Wastewater from Manufacturing Facilities to Settling Ponds Largest of 3 RCRA Units in 2010 US CD $1.3MM+/- To Close 14 15. SITE DEMOLITION To Facilitate Clean-Up/Site Reuse, Trust Began Demo of Decaying Former Production Facilities Rather than a Cost to the Trust, Trust Will Net $2.5MM+/ Since 2011, Trust has Generated Another $1.5MM through Sale of Plant Equipment, Parts & Scrap Metals Site Demo To be Completed 12/1315 16. BEFORE16 17. AFTER17 18. SAND SEPARATOR DEMOLITION 19. DEPTFORD TRACT LOCATIONDEPTFORD TRACT19 20. DEPTFORD TRACT--FORMER CITY LANDFILL 53 Acre Landfill Operated by Savannah until 1954 Trust Performed Landfill Closure, Overseen byEPD, Under a Joint Cost Sharing Agreement between City & Trust Tract Identified as Feasible Location for Renewable Energy (Solar PV) Project Trust Received Extensive FS on Solar PV Performance/Economics from National Renewable Energy Laboratory20 21. WHAT YOU WILL SEE IN 1-2 YEARS Major Site-Wide Environmental Actions: Full Site-Wide Investigation of Soil, Sediments, Surface & Ground Water Implementation of Full Site-Wide CleanUp of Soil, Sediments, Surface & Ground Water21 22. HOW WILL TRUST PERFORM MULTIMILLION $$ EAS GIVEN LIMITED FUNDS? Limited Trust Funds Required Creative Solution In Consultation w/EPD & EPA, Trust DevelopedCompetitive Bidding Process (NOI) Trust Issued NOI in 1/13 under which Buyer Pays for & Performs Site Characterization and Clean-up In Exchange, Buyer Gets Site, Site Gets Cleaned-Up & Reused, & Trust gets Sales Net Proceeds Multiple Parties Responded & High Bidder Selected Trust Currently Negotiating PSA w/High Bidder Excess Funds to Sister Trusts 22 23. NOTICE OF INVITATION TO BID NOI/PSA Requires Buyer to: Submit Investigation Work Plan Acceptable to Trust and Beneficiaries Perform Investigation with Contractor Acceptable to Trust and Beneficiaries Prepare Clean-Up Work Plan & Budget Acceptable to Trust and Beneficiaries Clean-Up Site, Under Trust and Beneficiary Oversight Buyer Receives Brownfields Liability Relief Trust Retains Groundwater Responsibility 23 24. SITE TOUR MAPS (1 of 2)24 25. SITE TOUR MAPS (2 of 2)25 26. FORMER TRONOX SITE, SAVANNAH, GEORGIAFacility Overview November 1, 2013 Greenfield Environmental Savannah Trust, LLC, Trustee of the Savannah Environmental Response Trust Marc Weinreich, Managing Principal Philip Rowland, Plant Manager Joseph Blackmon, EHS Manager26