Heritage Global Inc.

B usiness. Overview and History We are an asset services company specializing in financial and industrial asset transactions. We provide a full suite of services including market making, acquisitions, refurbishment, dispositions, valuations and secured lending. We focus on identifying, valuing, acquiring and monetizing underlying tangible assets across more than twenty-five global sectors. We act as an advisor as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, and charged-off receivable portfolios. Our operations are organized into two divisions, Industrial Assets and Financial Assets. Within these two divisions, we group our business activities into the following four operating segments to manage performance: Industrial Assets Division Auction and Liquidation Through our subsidiary Heritage Global Partners, Inc. ( HGP ), we operate a global full-service auction, appraisal and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. Refurbishment & Resale Through our subsidiary Heritage ALT LLC ( ALT ), we acquire, refurbish and supply specialized laboratory equipment. Financial Assets Division Brokerage Through our subsidiary National Loan Exchange, Inc. ( NLEX ), we broker charged-off receivables in the United States and Canada on behalf of lenders including banks, mortgage companies, and auto and alternative lending sources.