GAAP Reconciliation

• Reconciliation of Reported to Adjusted EBITDA (as of Sept. 30, 2008)
• Reconciliation of Operating Profit to Income from Continuing Operations (as of Sept. 30, 2008)
• Historical Reconciliation of Reported to Adjusted EBITDA (as of Dec. 31, 2007)

The historical reconciliation is maintained for historical purposes only, speaks only as of the date thereof and may no longer be accurate. Tronox does not in the ordinary cause update, revise or correct the information contained in these materials. By accessing these materials, users acknowledge that they understand that the materials are maintained solely for such purposes, may no longer be accurate, and are not necessarily updated, revised, or corrected.

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