| Rodman & Renshaw LLC., a wholly owned | | | | Considering their experience in corporate finance, |
| subsidiary of Rodman & Renshaw Capital Group, | | | | investment banking, and the acquired expertise of |
| Inc., is a full-service investment bank dedicated to | | | | Miller Mathis, Rodman is in a strong position to provide |
| providing corporate finance, strategic advisory and | | | | financial advice for the joint venture in an emphatic |
| related services to public and private companies | | | | style. Tata Steel, which has joined the elite club of |
| across multiple sectors and regions. Rodman also | | | | Fortune 500 with the acquisition of Chorus Steel, is |
| provides research and sales and trading services to | | | | the sixth largest producer of steel. Rodman's business |
| institutional investors. The boutique investment | | | | association with NML is a prestigious one and their |
| banking firm is the leader in the PIPE (private | | | | client list could be enriched by NML's presence. |
| investment in public equity) and RD (registered direct | | | | The matured industry has seen lots of mergers in |
| offering) transaction markets. | | | | recent history and joint ventures to explore iron ores |
| Rodman announced today that the company's Metals | | | | in new locations. This deal could exploit new |
| & Mining group acted as the financial advisor to | | | | opportunities for Rodman and strengthen the |
| New Millennium Capital Corp. in connection with the | | | | credibility the company enjoys as advisors in the |
| recently completed option exercise by Tata Steel | | | | Metals & Mining segment. |
| relating to NML's Schefferville Direct Shipping Ore | | | | Additionally, there was another announcement last |
| project ("DSO Project"). Rodman's Metals & | | | | week by Rodman about the preliminary agreement |
| Mining Group was formed as a result of the | | | | with Financial Regulatory Authority, Inc. (FINRA) on |
| acquisition of Miller Mathis & Co., a leading | | | | terms for its acquisition of specified assets related to |
| M&A advisor to the global steel, metals and | | | | the OTC Bulletin Board, which is currently operated |
| mining industries, a company that has advised on | | | | by FINRA. Clearly, Rodman is beginning to expand |
| over $50B in M&A transactions over the years. | | | | their business across new spectrums. |