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style='tab-interval:.5in'> <div class=WordSection1> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>BNS Holding, Inc.</span> was formed in December 2004. Prior to December 14, 2004, BNS Co. was a publicly traded company (formerly known as Brown &amp; Sharpe Manufacturing Company). Effective December 14, 2004, BNS Co. completed <span class=GramE>a reorganization</span> (the  Holding Company Reorganization ) with BNS Holding, Inc., a newly-formed Delaware corporation ( BNS or the  Company ). By virtue of the Holding Company Reorganization, BNS Co. became a direct, wholly- owned subsidiary of BNS.</p> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>BNS Co<span class=GramE>.,</span> </span>was founded in 1833 and was engaged in the Metrology Business and the design, manufacture and sale of precision measurement tools and instruments and manual and computer controlled measurement machines. BNS Co. sold its Metrology Business in 2001, its interest in its development stage measurement software subsidiary, <span class=SpellE>Xygent</span> Inc., in 2002, its North Kingstown, Rhode Island property (the  Rhode Island Property ) in 2003, and its subsidiary in the United Kingdom (the  U.K. Subsidiary ) on June 16, 2004.</p> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>BNS Holding, Inc. Acquired Interest in Collins I Holding Corp.</span> - On October 31, 2006, the Company purchased an 80% ownership interest in Collins I Holding Corp. (&quot;Collins Holding&quot;) which owns 100% of Collins Industries, Inc.</p> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>BNS Holding, Inc. Completes Sale of its shares in Collins I Holding Corp.</span>  On February 18, 2010, BNS Holding Inc. completed the sale of its 26,400 shares of Collins I Holding Corp. ( Collins I Holding ) for an aggregate purchase price of approximately $64.9 million in cash pursuant to a Stock Purchase Agreement dated January 26, 2010. Collins I Holding owns all of the outstanding common stock of Collins Industries, Inc., which is the sole asset of Collins I Holding. The shares sold in the transaction represented approximately 80% of the outstanding common stock of Collins I Holding.</p> <p><o:p>&nbsp;</o:p></p> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'>BNS Holding, Inc. Acquired SWH, Inc</b>.  On February 2, 2011, BNS Holding Inc. acquired all of the capital stock of SWH, Inc. ( SWH ).<span style='mso-spacerun:yes'>  </span>SWH owns all of the capital stock of Sun Well Service, Inc.<span style='mso-spacerun:yes'>  </span>Sun Well Service, Inc. is a work-over rig provider to oil and gas exploration companies throughout the Williston Basin in North Dakota.<span style='mso-spacerun:yes'>  </span><o:p></o:p></p> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>Form 15</span> - On August 23, 2007, the Company filed a Form 15 with the Securities and Exchange Commission deregistering its Common Stock and suspending its reporting obligations with the Securities and Exchange Commission under the Securities Act of 1934. The Company presently intends to continue to make available its periodic financial information.</p> <p><o:p>&nbsp;</o:p></p> <p><span class=ds11>BNS Holding Inc. Common Stock</span> is currently traded in the Pink Sheets under the symbol BNSSA.PK.</p> </div> </body> </html>