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=&MAIN <br />April 12, 2022 <br />Dear Valued Customer, <br />Core & Main <br />1830 Craig Park Court <br />St. Louis, MO 63146 <br />The supply chain disruption for ductile iron products continues in part due to the conflict between <br />Russia and Ukraine, and the escalated prices on scrap metal. Our vendors have imposed new <br />surcharges and/or price increases on shipments of ductile iron pipe. Our vendors continue to evaluate <br />increases monthly, based on the scrap price at the time. <br />As a result, the invoice you receive for ductile iron products may differ from the original quotation that <br />Core & Main provided. We will continue to base our quotes on pricing we receive at the time of bid, but <br />these prices are subject to change as our vendors reevaluate each month. <br />We hope this is a not a prolonged market condition, but we continue to believe this disruption will <br />persist as long as the Russia -Ukraine war continues, sanctions remain in place, demand continues to <br />be strong and supply chain issues do not dissipate. Russia and Ukraine are leading exporters of pig <br />iron which is a key ingredient in steel. Although pig iron is not primarily used in ductile iron production, <br />the steel producers are now buying up scrap, a primary component in the production of ductile iron, to <br />substitute for their lack of pig iron, causing scrap prices to escalate. Other key elements like nickel and <br />magnesium are also in short supply with escalated pricing that is being passed on by our vendor <br />partners. <br />Please continue to communicate with your local sales rep and Core & Main branch for any updates <br />regarding this supply chain disruption. We will share updates as soon as we get notification from our <br />vendor partners. <br />We value the trust you have placed in Core & Main and we will work diligently to service your material <br />needs in this challenging environment. <br />Thank you for your continued support. <br />Sincerely, <br />Jack Schaller <br />President <br />Core & Main <br />Knowledge <br />Experience <br />Service, Nationwide° <br />