A CULTURE OF

INVOLVEMENT & DEDICATION

A MESSAGE FROM CHRISTOPHER MAPES

Lincoln Electric is an industry leader in welding and cutting solutions with a proud heritage of engineering innovative solutions that guarantee continuous improvement in customers’ operations. Continuous improvement is also a core value at Lincoln Electric. It focuses us on our own operational excellence, sets a clear tone for employees and partners, and encourages us to achieve a positive impact each day. It is also a cornerstone of our “2020 Vision & Strategy,” targeting best-in-class financial performance through profitable growth and operational excellence.

As part of our “2020 Vision & Strategy” we have established 2020 Environmental, Health and Safety (EH&S) goals across four key environmental metrics which align local operational initiatives with our Company’s values, a commitment to environmental stewardship and our global growth strategy. These goals highlight how we prioritize safety, the efficient use of resources, and reduce our local footprint through waste management utilizing our environmental management system. Through investments in process innovation, standardization, training, new technologies, and lean and Six Sigma initiatives, we expect to achieve our EH&S goals by 2020. We believe these investments enable Lincoln Electric to be a more responsible partner in our value chain, across our communities, and as a trusted, well-respected employer who encourages and rewards employee engagement and achievement in these areas.

We recognize that continuous improvement is a journey with challenges and constraints, but is achieved with commitment, solid execution, and disciplined management of resources. To achieve our 2020 EH&S goals, we will continue to make the necessary capital and process improvements to drive operational excellence in this area. These efforts, combined with product development that reduces the carbon footprint of our next-generation solutions through reduced energy consumption, intensity and weight also support our customers’ sustainability goals. Additionally, we continue to dedicate application and development resources to advance solutions for the design and manufacture of alternate energy sources such as wind towers, solar panels, and geothermal and hydropower stations, which provide long-term value to those industries.

We are proud of our progress and the significant strides our team has made across the four EH&S metrics we have outlined on this site. We will continue to strive towards operational excellence through our continuous improvement initiatives and prudently manage resources as we focus on achieving our 2020 goals.

Sincerely,

Christopher L. Mapes

Christopher L. Mapes

Chairman and Chief Executive Officer