Departure of Directors or Certain Officers; Election of Director; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers<br />(b) On June 17, 2011, The Lubrizol Corporation announced that Stephen F. Kirk, Senior Vice President and Chief Operating Officer will retire from these positions, effective within a few weeks of the closing of the merger with Berkshire Hathaway Inc.<br />On June 17, 2011, The Lubrizol Corporation announced that Charles P. Cooley, Senior Vice President and Chief Financial Officer will retire effective within a few weeks of the closing of the merger with Berkshire Hathaway Inc.<br />(c) On June 17, 2011, The Lubrizol Corporation announced that Brian A. Valentine will assume the duties of Chief Financial Officer upon the effective date of Mr. Cooley’s retirement. Mr. Valentine has been Treasurer since April 2009 and will continue with those responsibilities. He was Assistant Treasurer from 2008 through April 2009 and Director, Treasury Finance from 2004 through 2008. Mr. Valentine held a number of other positions in Treasury and Finance of varying responsibility from 1998 through 2004.<br />There was no arrangement or understanding between Mr. Valentine and any other person(s) pursuant to which he was selected as an officer. There are no family relationships between Mr. Valentine and any director, executive officer or person nominated or chosen by Lubrizol to become a director or executive officer. There are no transactions since January 1, 2010, or any currently proposed transaction, in which Lubrizol was or is to be a party and the amount involved exceeds $120,000, and in which Mr. Valentine had or will have a direct or indirect material interest.<br />Mr. Valentine has been an executive officer since April 2009. The proxy statement dated March 17, 2010 provides a detailed description of the material plans, contracts or arrangements in which Mr. Valentine is a party or has been a participant. There are no additional material plans, contracts or arrangements to which Mr. Valentine is a party or in which he participates that were entered into, or material amendments in connection with Mr. Valentine’s appointment as Chief Financial Officer, nor any grants or awards to Mr. Valentine or any modifications thereto, under any such plan, contract or arrangement in connection with Mr. Valentine’s appointment as Chief Financial Officer.