UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re ELECTROGLAS, INC., et al.,1 Debtors. ) ) ) ) ) ) ) ) Chapter 11 Case No.

09-12416 (PJW) (Jointly Administered)

Hearing Date: July 30, 2009 at 11:30 a.m. Objection Deadline: July 24, 2009 at 4:00 p.m. Related Docket Nos. 6, 13, 15, 19, 20

NOTICE OF FINAL HEARING PLEASE TAKE NOTICE that, on July 9, 2009, the above-captioned debtors and debtors in possession (collectively, the Debtors) filed the Motion of the Debtors for Interim and Final Orders: (I) Prohibiting Utilities from Interrupting Service and (II) Determining that the Debtors Provided Adequate Assurance of Payment (Docket No. 6); Motion of the Debtors for Interim and Final Orders Authorizing DIP Financing, Authorizing the Use of Cash Collateral, Granting Adequate Protection and Scheduling Interim and Final Hearing (Docket No. 13); Application by the Debtors for an Order Authorizing the Retention and Employment of Morrison and Foerster LLP as Section 327(e) Counsel to the Debtors Nunc Pro Tunc to the Petition Date (Docket No. 15); and that on July 10, 2009 the Debtors filed the Motion of the Debtors for Order (I) Approving Bidding Procedures in Connection with the Anticipated Sale of Substantially All of the Debtors Assets; (II) Scheduling Hearing to Consider Sale of Assets; (III) Approving Form and Manner of Notice; (IV) Approving Maximum Break-Up Fee; and (V) Granting Related Relief (Docket No. 19); Application Requesting Entry of an Order Under Sections 327(a), 328(a) and 329 of the Bankruptcy Code and Bankruptcy Rules 2014, 2016 and 5002 Authorizing

The Debtors are Electroglas, Inc. and Electroglas International, Inc.

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Docket No. 41 July 13, 2009

Employment and Retention of Pepper Hamilton LLP as Counsel for Debtors (Docket No. 20) (collectively, the Motions). PLEASE TAKE FURTHER NOTICE that on July 13, 2009, a hearing was held on the Motion of the Debtors for Interim and Final Orders: (I) Prohibiting Utilities from Interrupting Service and (II) Determining that the Debtors Provided Adequate Assurance of Payment (Docket No. 6) and Motion of the Debtors for Interim and Final Orders Authorizing DIP Financing, Authorizing the Use of Cash Collateral, Granting Adequate Protection and Scheduling Interim and Final Hearing (Docket No. 13) (collectively the First Day Motions). The Court granted the relief requested in the First Day Motions on an interim basis. The Court entered the Interim Order (I) Prohibiting Utilities from Interrupting Service and (II) Approving Procedure for Providing Adequate Assurance of Payment (Docket No. 34); and Interim Order (I) Approving Debtor-in-Possession Financing Pursuant to 11 U.S.C. 105(a), 362, and 364 and Fed. Bankr. P. 2002, 4001 and 9014 and Local Bankruptcy Rule 4001-2; (II) Authorizing Use of Cash Collateral Pursuant to 11 U.S.C. Sections 105, 361, 362 and 363 of The Bankruptcy Code; (III) Granting Adequate Protection and Superpriority Administrative Claims; (IV) Scheduling a Final Hearing; and (V) Granting Related Relief (Docket No. 40) (collectively, the Orders). PLEASE TAKE FURTHER NOTICE that objections to the Motions and Orders on a final basis must be filed so as to be received on or before July 14, 2009 at 4:00 p.m. (Eastern Time) (the Objection Deadline) with the United States Bankruptcy Court for the District of Delaware, 824 Market Street, 3rd Floor, Wilmington, Delaware 19801. At the same time, you must serve a copy of the objection upon the undersigned.

PLEASE TAKE FURTHER NOTICE THAT A HEARING TO CONSIDER THE RELIEF REQUESTED IN THE MOTION ON A FINAL BASIS WILL BE HELD July 30,

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2008 AT 11:30 A.M. (EASTERN TIME) BEFORE THE HONORABLE PETER J. WALSH, UNITED STATES BANKRUPTCY JUDGE, AT THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE, 824 MARKET STREET, 6TH FLOOR, COURTROOM #2, WILMINGTON, DELAWARE 19801. Dated: July 13, 2009 Wilmington, DE PEPPER HAMILTON LLP

/s/ John H. Schanne II David B. Stratton (DE No. 960) James C. Carignan (DE No. 4230) John H. Schanne, II (DE No. 5260) Hercules Plaza, Suite 5100 1313 N. Market Street, P.O. Box 1709 Wilmington, Delaware 19899-1709 Tel.: (302) 777-6500 Fax: (302) 421-8390 Proposed Section 327(a) Counsel for the Debtors -and-

MORRISON & FOERSTER LLP G. Larry Engel Vincent J. Novak 425 Market Street San Francisco, California 94105 Telephone: (415) 268-7000 Facsimile: (415) 268-7522 James J. DeCristofaro Samantha Martin 1290 Avenue of the Americas New York, NY 10104 Tel.: (212) 468-8000 Fax: (212) 468-7900 Proposed Section 327(e) Counsel for the Debtors

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