THE GENERAL CHEMICAL GROUP INC.
[__________] SHARES OF COMMON STOCK
OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED
BY THE GENERAL CHEMICAL GROUP INC.
TO ITS SHAREHOLDERS
Dear Shareholder:
This letter is being distributed to you in connection with the offering by
The General Chemical Group Inc. ("GCG") of [__________] newly-issued shares of
its common stock (the "Common Stock"), for a subscription price of $[____] per
share (the "Subscription Price"), pursuant to subscription rights (the "Rights")
distributed by GCG to the holders of record of its Common Stock (each, a
"Holder") as of the close of business on [__________], 2001 (the "Record Date").
The Rights are described in the Prospectus, dated [___], 2001, that accompanies
this letter and are evidenced by the enclosed subscription warrant, which is
registered on the books of GCG in your name.
Each Holder is receiving [____] Rights for each share of Common Stock it
held of record as of the Record Date, and is permitted to purchase one (1) share
of Common Stock for each whole Right it receives. GCG is not granting fractional
Rights; if a fractional Right would have been calculated for a record holder as
a result of the ratio described above, the number of Rights granted to such
holder has been rounded up to the nearest whole Right.
Enclosed are copies of the following documents:
1. The Prospectus for the offering;
2. Your Subscription Warrant;
3. A leaflet entitled "Instructions on How to Use the Subscription
Warrant You've Received from The General Chemical Group Inc.
(including Guidelines For Certification of Taxpayer Identification
Number on Substitute Form W-9)";
4. A Notice of Guaranteed Delivery for Subscription Warrants form; and
5. A Substitute Form W-9.
To exercise your Rights, a properly completed and executed Subscription
Warrant (unless the notice of guaranteed delivery procedures are complied with)
and payment in full for all Rights being exercised must be delivered to Mellon
Investor Services LLC (an affiliate of Mellon Bank, N.A.) as indicated in the
Prospectus prior to the Expiration Date (as defined below).
You may obtain additional copies of the enclosed materials from Mellon
Investor Services LLC (an affiliate of Mellon Bank, N.A.), 00 Xxxx Xxxxxx, 0xx
Xxxxx, Xxx Xxxx, XX 00000. You may call Mellon Investor Services LLC toll free
at 0 (000) 000-0000.
Please act promptly. Your Rights will expire on [__________], 2001, at
5:00 P.M., New York City time, unless extended by GCG (the "Expiration Date").
Very truly yours,
THE GENERAL CHEMICAL GROUP INC.
