Miscor Fact Sheet - Updated Q3

Investor Fact Sheet www.miscor.com OTC BB: MIGL COMPANY PROFILE MISCOR Group provides electrical and mechanical solutions to a nationwide, blue chip customer base through two segments: ■ Repair, Remanufacturing and Manufacturing (RRM) – 68% of FY07 revenue—provides maintenance remanufacturing and repair services for industrial motors, generators and lifting magnets, locomotives and locomotive engines, as well as diesel engine component manufacturing, remanufacturing and repair. ■ Construction and Engineering Services (CES) – 32% of FY07 revenue—provides a wide range of electrical and mechanical contracting, as well as engineering and repair services for electrical power distribution systems. Ranked on the Inc. 500 in 2004 and 2005, MISCOR has more than 700 employees in 15 locations nationwide.

THIRD QUARTER 2008 RESULTS (ended September 30, 2008) ■ ■ ■

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RECENT NEWS September 24, 2008 – MISCOR Group Acquires California-Based Visalia Electric Motor Shop – MISCOR announced it has acquired the business and assets of Calif.-based Visalia Electric Motor Shop Inc., a leading repair, maintenance and overhaul provider for mission-critical motors and generators. Visalia serves an extensive roster of industryleading customers in 14 Western states.

Net sales up 78% to $31.5M, compared with $17.7M in 3Q07 Net income of $471,000, or $0.04 per share, versus $64,000, or $0.01 per share in 3Q07 Total revenues increased by $13.8M ■ RRM revenue increased 59% to $21.7M ■ CES revenue increased 140% to $9.7M Operating income increased 112% to $679,000, compared to $321,000 in 3Q07 Service revenues increased 118% to $25.3M Product revenues increased 1% to $6.1M

SERVING DIVERSE END MARKETS Rail Petrochemical

Transit

September 11, 2008 – MISCOR Group Announces Opening of AMP Utility Construction MISCOR Rail Services Canada – MISCOR announced the opening of AMP Rail Service Canada, ULC, a 50,000-square-foot, single-source, locomotive and rail car service center in Montreal. The facility provides significant track Marine Steel access to the Canadian National (CN) main line, and will allow AMP to offer a full range of services, including inspections, running repairs, Energy overhaul and modification programs, as well as upgrades to both freight and passenger locomotives and transit cars. The centralized location gives it broad access to the Canadian rail market, and the surrounding area provides GROWTH DRIVERS significant space for potential future expansion. ■ Established, nationwide blue-chip customer base (U.S. Steel, Union Pacific, CSX, Marathon, ALSTOM, etc.) September 3, 2008 – MISCOR Group Names Mike White Product ■ Highly trained workforce: niche expertise and limited skilled Line Manager – Wind Power Services for Magnetech Industrial industrial talent pool play in MISCOR’s favor Services – MISCOR announced it has named Mike White as Product Line ■ The aging “industrial backbone” needs maintenance; repairs are a Manger - Wind Power Services for Magnetech Industrial Services, a unit of fraction of replacement costs MISCOR’s industry-leading Repair, Remanufacturing and Manufacturing ■ Highly fragmented industries with growth opportunities Division (RRM). ■ Balance of organic and inorganic revenue growth

NET SALES ($ in Million) $36.0 $32.0 $28.0 $24.0 $20.0 $16.0 $12.0 $8.0 $4.0 $0.0

FAVORABLE INDUSTRY TAILWINDS ■

$29.7

$30.5

$31.5

$22.6 $15.5

$17.4

$16.1

$16.8

$17.7

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3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

Outsourcing of non-core industrial services: Companies are increasing their use of outside contractors to control internal labor and insurance costs, while eliminating the need for maintaining expensive, under-utilized equipment. Utilization of skilled employees will never be at 100%: The high costs of training and maintaining a satisfactory safety record and complying with rapidly changing regulations are causing industrial companies to seek outsourcing providers. Breadth of geographic coverage remains critical: Industrial companies prefer to simplify vendor management by working with larger providers with broad geographic coverage.

The information featured on this fact sheet is not an offer to buy or sell securities. This fact sheet was prepared by Lambert, Edwards & Associates, Inc. (LE&A), which serves as investor relations counsel to MISCOR Group Ltd., ("the Company") and has a contract to receive fees. Information or opinions contained in this fact sheet are presented solely for information purposes and should not be construed as investment advice. Information used and statements of fact have been obtained from the company featured and other sources that are believed to be reliable; however, LE&A does not warrant or guarantee the information contained herein. For more information, or specific questions, please contact Jeff Lambert of Lambert, Edwards & Associates, Inc. at 616.233.0500.

COMPANY CONTACT

INVESTOR RELATIONS CONTACT

Richard Mullin, Chief Financial Officer MISCOR Group P: 574-234-8131 E: [email protected]

Karen Keller, Patrick Kane Lambert, Edwards & Associates P: 616-233-0500 E: [email protected] E: [email protected]

OTC BB: MIGL Improved Financial Position Total Debt ( MM)

Total Equity (MM)

Debt to Equity 3Q07

Debt to Equity 3Q08 $32.8

$14.9 $15.2

$45.6 Debt to Equity Ratio: .72:1

Debt to Equity Ratio: 1.02:1

Revenue Breakdown by Operating Segment

FY07

FY06

FY05

CES, 25%

ECS, 29%

RRM, 75%

CES, 32%

RRM, 71%

MISCOR SENIOR MANAGEMENT John A. Martell, P.E.— President and CEO Founded Magnetech Industrial Services, now MISCOR Group Ltd., in 2000 More than 20 years experience in the electrical contracting and industrial services industry One of the founding shareholders of Trans Tech Electric Inc., a specialty electrical contractor located in South Bend, Ind. In 1998, TransTech became one of the founding members of Quanta Services, Inc. (NYSE: PWR) ■ Holds a degree in Electrical Engineering and a Certificate in Executive Management from the University of Notre Dame ■ ■ ■

Richard Mullin, CPA—Vice President, Chief Financial Officer ■ Joined MISCOR in February 2005 ■ Over 20 years of experience in senior finance positions ranging from public accounting (at KPMG) to roles with suppliers and OEMs ■ Served as president and chief financial officer of NASDAQ-listed Starcraft Corporation, a specialty automotive supplier ■ Joined Wells Electronics Inc., an electronics components manufacturer, as vice president of finance; promoted to president ■ Holds a degree in Finance and Economics and an MBA from the University of Notre Dame Richard Tamborski—Executive Vice President, Chief Operating Officer ■ Former VP of Operations for Alstrom Transports Train Life Services in the U.S.A. and Canada, a division of Paris, Alstrom ■ Former VP of Global Sourcing and Logistics for NYSE-listed Wabtec, Corp. ■ Holds a degree in Business Administration from Lake Erie College James M. Lewis—Vice President, General Counsel ■ Joined MISCOR in September 2005 ■ Over 13 years of experience in a corporate law setting, with a focus in contract, litigation and product liability law ■ Former adjunct professor of law at the University of Notre Dame ■ Holds BA and JD degrees from the University of Notre Dame, and MA degree from Northwestern University

RRM, 68%