Ethics Statement

Renaissance's marketing slogan is "Earning Your Trust Every Day". This slogan expresses our absolute commitment to integrity and high ethical standards in everything we do. The Company's success depends not only on the skills, abilities and commitments of all employees, but also on their integrity and collective common sense. The four key relationships in which employees participate involve customers, fellow employees, business partners and shareholders. The following values serve as the basis for shaping these relationships.

• We will strive to increase customer satisfaction by providing customers with the highest quality products and services that are innovative and responsive to their needs.
• We will treat fellow employees in a fair and even-handed manner and foster a culture rich in diversity that is based on trust, mutual respect, teamwork, and integrity.
• We will be fair, honest and responsive to all customers and business partners.
• We will pursue growth and profitability objectives, while always keeping ethical standards in the forefront of our activities.

This Code provides the standards of conduct that guide all directors, officers, and employees of Renaissance.