<SUBMISSION>
<ACCESSION-NUMBER>0000912057-01-529301
<TYPE>SC 13E3/A
<PUBLIC-DOCUMENT-COUNT>9
<FILING-DATE>20010817
<GROUP-MEMBERS>ADRIEN HEBERT
<GROUP-MEMBERS>ALAN BENNETT
<GROUP-MEMBERS>BACOU S.A.
<GROUP-MEMBERS>CHRISTIAN DALLOZ S.A.
<GROUP-MEMBERS>CHRISTOPHE BACOU
<GROUP-MEMBERS>DANIEL U. S. SUB, INC.
<GROUP-MEMBERS>ENGINGEERING HENRI BACOU S.A.
<GROUP-MEMBERS>JACQUELINE MAGGI BACOU
<GROUP-MEMBERS>PHILIP BARR
<GROUP-MEMBERS>PHILIPPE BACOU
<GROUP-MEMBERS>VERONIQUE MIRABEL
<GROUP-MEMBERS>WALTER STEPAN
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>BACOU USA INC
<CIK>0001006027
<ASSIGNED-SIC>3851
<IRS-NUMBER>050470688
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13E3/A
<ACT>34
<FILE-NUMBER>005-49201
<FILM-NUMBER>1717396
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10 THURBER BLVD
<CITY>SMITHFIELD
<STATE>RI
<ZIP>02917
<PHONE>4012330333
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10 THURBER
<CITY>SMITHFIELD
<STATE>RI
<ZIP>02917
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>BACOU USA INC
<CIK>0001006027
<ASSIGNED-SIC>3851
<IRS-NUMBER>050470688
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13E3/A
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10 THURBER BLVD
<CITY>SMITHFIELD
<STATE>RI
<ZIP>02917
<PHONE>4012330333
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10 THURBER
<CITY>SMITHFIELD
<STATE>RI
<ZIP>02917
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13E3/A
<SEQUENCE>1
<FILENAME>a2054873zsc13e3a.txt
<DESCRIPTION>SC 13E3/A
<TEXT>
<Page>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           --------------------------

                                 SCHEDULE 13E-3

                               (AMENDMENT NO. 3)
                        RULE 13E-3 TRANSACTION STATEMENT
          (UNDER SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934)

                                BACOU USA, INC.
                              (Name of the Issuer)
                                BACOU USA, INC.
                                   BACOU S.A.
                          ENGINEERING HENRI BACOU S.A.
                                CHRISTOPHE BACOU
                             JACQUELINE MAGGI BACOU
                                 PHILIPPE BACOU
                               VERONIQUE MIRABEL
                                 WALTER STEPAN
                                  PHILIP BARR
                                 ADRIEN HEBERT
                                  ALAN BENNETT
                             CHRISTIAN DALLOZ S.A.
                             DANIEL U. S. SUB, INC.
                      (Name of Person(s) Filing Statement)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
                         (Title of Class of Securities)

                                   056439102
                     (CUSIP Number of Class of Securities)
                           --------------------------

<Table>
<S>                    <C>                  <C>                  <C>                  <C>                  <C>
Bacou USA, Inc.        Bacou S.A.           Engineering Henri    Christophe Bacou     Walter Stepan        Philip Barr
10 Thurber Boulevard   Z.I. Paris Nord II   Bacou S.A.           38 Route de Senlis   10 Thurber           10 Thurber
Smithfield,            13, Rue de la        Z.I. Paris Nord Ii   60520 Triers sur     Boulevard            Boulevard
Rhode Island 02917     Perdrix              13, Rue de la        Treve, France        Smithfield,          Smithfield,
Telephone:             93290 Tremblay,      Perdrix              Telephone:           Rhode Island 02917   Rhode Island 02917
401-233-0333           France               93290 Tremblay,      011-33-1-49-90-70-82 Telephone:           Telephone:
                       Telephone:           France                                    401-233-0333         401-233-0333
                       011-33-1-49-90-70-00 Telephone:
                                            011-33-1-49-90-70-00
Jacqueline Maggi       Philippe Bacou       Veronique Mirabel    Christian Dalloz     Adrien Hebert        Alan Bennett
Bacou                  6 Rue des Chandrons  23 Rue des Devezes   S.A.                 10 Thurber           10 Thurber
3 Chemin de Tourronde  60810 Montepilloy,   34740 Vendargues,    63 bis, Boulevard    Boulevard            Boulevard
1009 Pully VD,         France               France               Bressieres           Smithfield,          Smithfield,
Switzerland            Telephone:           Telephone:           75017 Paris, France  Rhode Island 02917   Rhode Island 02917
Telephone:             011-33-49-90-70-01   011-33-1-49-90-70-00 Telephone:           Telephone:           Telephone:
011-33-1-49-90-70-00                                             011-33-1-53-11-19-00 401-233-0333         401-233-0333
                                            Daniel U. S. Sub, Inc.
                                            63 bis, Boulevard Bressieres
                                            75017 Paris, France
                                            Telephone: 011-33-1-53-11-19-00
</Table>

           (Name, Address and Telephone Number of Persons Authorized
 to Receive Notices and Communications on Behalf of Person(s) Filing Statement)

                                WITH COPIES TO:

<Table>
<S>                             <C>
TIMOTHY B. GOODELL, ESQ.        RONALD CAMI, ESQ.
GREGORY PRYOR, ESQ.             CRAVATH, SWAINE & MOORE
WHITE & CASE LLP                WORLDWIDE PLAZA
1155 AVENUE OF THE AMERICAS     825 EIGHTH AVENUE
NEW YORK, NEW YORK 10036        NEW YORK, NEW YORK 10019
TELEPHONE: (212) 819-8200       TELEPHONE: (212) 474-1000
</Table>

    This statement is filed in connection with (check the appropriate box):

    a.  /X/  The filing of solicitation materials or an information statement
             subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under
             the Securities Exchange Act of 1934.

    b.  / /  The filing of a registration statement under the Securities Act of
             1933.

    c.  / /  A tender offer.

    d.  / /  None of the above.

    Check the following box if the soliciting materials or information statement
are preliminary copies: /X/

    Check the following box if the filing is a final amendment reporting the
results of the transaction: / /

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<Page>
                         ------------------------------

                           CALCULATION OF FILING FEE

<Table>
<Caption>
                  TRANSACTION VALUATION*                                       AMOUNT OF FILING FEE**
<S>                                                          <C>
                       $515,615,085                                                   $103,123
</Table>

*   The transaction valuation was based upon the sum of (a) the product of
    17,681,665 Common Stock and the merger consideration of $28.50 per share and
    (b) the difference between $28.50 and the exercise price per share of Common
    Stock of each of the 962,700 shares covered by outstanding options.
**  The amount of the filing fee, calculated in accordance with
    Rule 0-11(b) of the Securities Exchange Act of 1934, equals 1/50 of 1% of
    Transaction Valuation.
/X/  Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
     and identify the filing with which the offsetting fee was previously paid.
     Identify the previous filing by registration statement number, or the form
     or schedule and the date of its filing.

<Table>
<S>                            <C>                          <C>            <C>
Amount Previously Paid:        $103,123                     Filing Party:  Bacou USA, Inc.
Form or Registration No.:      Schedule 14C                 Date Filed:    June 14, 2001
</Table>
<Page>
                      SECTION 13E-3 TRANSACTION STATEMENT

                                  INTRODUCTION

    This Rule 13e-3 Transaction Statement on Schedule 13E-3, Amendment No. 1 (as
amended, this "Schedule 13E-3") is being filed jointly by Bacou USA, Inc., a
Delaware corporation ("Bacou USA"), Bacou S.A., a societe anonyme duly
incorporated and legally existing under the laws of the Republic of France,
Engineering Henri Bacou S.A., a societe anonyme duly incorporated and legally
existing under the laws of the Republic of France ("Engineering Henri Bacou"),
Christophe Bacou, an individual of French nationality, Jacqueline Maggi Bacou,
an individual of French nationality Philippe Bacou, an individual of French
nationality, Veronique Mirabel, an individual of French nationality, Walter
Stepan, an individual of German nationality, Philip Barr, an individual of U.S.
nationality, Adrien Hebert, an individual of U.S. nationality, Alan Bennett, an
individual of U.S. nationality, Christian Dalloz S.A., a societe anonyme duly
incorporated and legally existing under the laws of the Republic of France
("Christian Dalloz"), and Daniel U. S. Sub, Inc., a Delaware corporation and a
wholly-owned subsidiary of Christian Dalloz ("Daniel U. S. Sub") in connection
with the Agreement and Plan of Merger, dated May 29, 2001 (the "Merger
Agreement"), among Christian Dalloz, Daniel U. S. Sub and Bacou USA. At the
effective time of the merger contemplated by the Merger Agreement, Daniel U. S.
Sub will merge with and into Bacou USA (the "Merger"), and each outstanding
share of common stock, par value $.001 per share of Bacou USA (the "Common
Stock"), other than shares of Common Stock held by any subsidiary of Bacou USA,
held in Bacou USA's treasury, held by Christian Dalloz or any subsidiary of
Christian Dalloz, held by Bacou S.A. or any subsidiary of Bacou S.A., or held by
stockholders who perfect their appraisal rights under Delaware law, will be
converted into the right to receive $28.50 in cash without interest, reduced by
applicable withholding tax.

    Concurrently with the filing of this Schedule 13E-3, Bacou USA is filing a
preliminary information statement (the "Information Statement") pursuant to
Section 14C of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), in which Bacou USA is providing information to stockholders of Bacou USA,
other than Bacou S.A., in connection with the Merger. The information set forth
in the Information Statement, including all appendices thereto, is hereby
incorporated herein by reference, and the responses to each item in this
Schedule 13E-3 are qualified in their entirety by the information contained in
the Information Statement and the appendices thereto.

ITEM 1. SUMMARY TERM SHEET

    The information set forth in the Information Statement under the captions
"QUESTIONS AND ANSWERS ABOUT THE MERGER" and "SUMMARY TERM SHEET" is
incorporated herein by reference.

ITEM 2. SUBJECT COMPANY INFORMATION

(a) The information set forth in the Information Statement under the caption
    "SUMMARY TERM SHEET--The Parties to the Merger" is incorporated herein by
    reference. Bacou USA is the issuer of the class of equity security which is
    the subject of the Rule 13e-3 transaction.

(b) As of June 13, 2001, there were 17,681,665 shares of Common Stock of Bacou
    USA outstanding.

(c) The information set forth in the Information Statement under the caption
    "INTRODUCTION--Comparative Market Price Data" is incorporated herein by
    reference.

(d) The information set forth in the Information Statement under the caption
    "INTRODUCTION--Dividends" is incorporated herein by reference.

(e) Not applicable.

                                       2
<Page>
(f) The information set forth in the Information Statement under the caption
    "OTHER MATTERS--Transactions in Common Stock by Certain Persons" is
    incorporated herein by reference.

ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON

(a)-(c) The information set forth in the Information Statement under the
        captions "SUMMARY TERM SHEET--The Parties to the Merger" and "SPECIAL
        FACTORS--Background of the Merger and the Related Acquisition
        Transactions" are incorporated herein by reference.

    During the last five years, none of Bacou USA, Bacou S.A., Engineering Henri
Bacou, Jacqueline Maggi Bacou, Christophe Bacou, Philippe Bacou, Veronique
Mirabel, Walter Stepan, Philip Barr, Adrien Hebert, Allan Bennett, Christian
Dalloz or Daniel U. S. Sub has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
resulting in a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities
laws, or finding violations with respect to such laws.

    DIRECTORS AND EXECUTIVE OFFICERS OF BACOU USA.  Set forth below are the
name, address and the present principal occupations or employment of any
corporation or other organization in which such occupation or employment is
conducted, and the five-year employment history of each of the directors and
executive officers of Bacou USA. Each person identified below is a United States
citizen, except for Philippe Bacou and Christophe Bacou, who are citizens of the
Republic of France, and Walter Stepan, who is a citizen of the Federal Republic
of Germany. Unless indicated otherwise, each person's principal business address
is 10 Thurber Boulevard, Smithfield, Rhode Island 02917.

<Table>
<Caption>
                                               PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND
NAME                                         MATERIAL POSITIONS HELD DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------
<S>                                      <C>
Philippe Bacou.........................  Director of Bacou USA since 1994; Co-Chairman of the Board
                                         since May 1999, Chairman, President and Chief Executive
                                         Officer of Bacou S.A. since July 1996; previously
                                         Executive Vice President of Bacou USA, since 1993; Chief
                                         Financial Officer and Vice President Finance of Bacou S.A.
                                         since 1985; Director of Bacou S.A. since 1985.
                                         Mr. Philippe Bacou's principal business address is Zone
                                         Industrielle Paris Nord II, 13, rue de la Perdix P.B.
                                         50398, 95943 Roissy Charles-de-Gaulle Cedex, France.

Walter Stepan..........................  Director of Bacou USA since 1994; Co-Chairman since May
                                         1999, President and Chief Executive Officer from July 1994
                                         to December 1999; Chairman of the following subsidiaries:
                                         Bacou USA Safety, Inc. ("Bacou Safety"); Titmus
                                         Optical, Inc.; Perfect Fit Glove Co., LLC ("PFG").
                                         Formerly, Chairman of Uvex Safety Manufacturing, Inc.
                                         ("USM") and SCHAS Industries, Inc. ("SCHAS"), predecessor
                                         of SCHAS Industries, LLC. Also a director of Bacou S.A.,
                                         Bacou Industrial & Trading (Shanghai) Co., Ltd. (an
                                         affiliate of Bacou S.A.), Uvex Safety Australia Pty Ltd.
                                         ("UXA"), Uvex (UK) Limited ("Uvex UK"); formerly Director
                                         of Uvex Winter Optical, Inc. ("UWI") and Uvex Sports, Inc.
                                         ("USI"). UXA and Uvex UK are corporate entities in each of
                                         which Uvex Arbeitsschutz GmbH ("Uvex Germany") is majority
                                         shareholder and Bacou USA and Bacou International B.V., an
                                         affiliate of Bacou S.A., are equal minority shareholders.
                                         UWI and USI are affiliates of Uvex Germany. Mr. Stepan's
</Table>

                                       3
<Page>

<Table>
<Caption>
                                               PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND
NAME                                         MATERIAL POSITIONS HELD DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------
<S>                                      <C>
                                         principal business address is 8583 Egret Meadow Lane, West
                                         Palm Beach, FL 33412

Philip B. Barr.........................  Director of Bacou USA since 1995; Chief Executive Officer
                                         since January 2000; previously Chief Operating Officer
                                         from February 1999 to December 1999; Executive Vice
                                         President from October 1996 to December 1999; Vice
                                         President from August 1995 to October 1996; Chief
                                         Financial Officer and Secretary from August 1995 to May
                                         1999; Vice Chairman of PFG (including its predecessor
                                         Perfect Fit Glove Co., Inc.) since April 1999; Chairman of
                                         USM and SCHAS since January 2000; Secretary and Treasurer
                                         of Bacou Safety from December 1997 to May 1999; Vice
                                         Chairman of USM from December 1997 to December 1999; Vice
                                         Chairman of SCHAS from April 1999 to December 1999.

Christophe Bacou.......................  Director of Bacou USA since 1996; Vice President of Bacou
                                         S.A.; previously Marketing Manager of two subsidiaries of
                                         Bacou S.A.; employed by affiliates of Bacou S.A. since
                                         1990. Also, Director of Bacou S.A. Mr. Christophe Bacou's
                                         principal business address is Zone Industrielle Paris Nord
                                         II, 13, rue de la Perdix P.B. 50398, 95943 Roissy
                                         Charles-de-Gaulle Cedex, France.

Karl F. Ericson........................  Director of Bacou USA since 1996; independent business
                                         consultant since 1990. Partner with Peat Marwick
                                         Mitchell & Co., predecessor to KPMG LLP, from 1970 to
                                         1990. Also, Director of Bank Rhode Island. Mr. Ericson's
                                         principal business address is 182 Waterman Street,
                                         Providence, Rhode Island 02903.

Howard S. Leight.......................  Director of Bacou USA since 1998; founder of Howard S.
                                         Leight & Associates, Inc. (d/b/a Howard Leight
                                         Industries); President and sole stockholder of Howard
                                         Leight Industries from 1984 until February 1998.
                                         Consultant to Bacou Safety since February 1998. Director
                                         of Howard Leight Enterprises, Inc. n/k/a Continental
                                         Polymers, Inc., since 1997. Mr. Leight's principal
                                         business address is 13101 Washington Boulevard,
                                         Suite 134, Los Angeles, California 90066.

Alfred J. Verrecchia...................  Director of Bacou USA since 1999; President and Chief
                                         Operating Officer, Hasbro, Inc. from 2000 to present;
                                         Executive Vice President, Global Operations, Hasbro, Inc.
                                         from 1996 to 2000; Chief Financial Officer since 1999;
                                         previously Chief Operating Officer, Domestic Toy
                                         Operations from 1990 to 1996; Director, Hasbro, Inc.;
                                         Director, Old Stone Corporation. Mr. Verrecchia's
                                         principal business address is c/o Hasbro, Inc., 1027
                                         Newport Avenue, Pawtucket, Rhode Island, 02862.

Alan H. Bennett........................  Chief Operating Officer of Bacou USA since January 2000;
                                         Executive Vice President of Bacou USA Safety, Inc. ("Bacou
                                         Safety") from February 1999 to December 1999 and has
                                         served as President and Chief Executive Officer since
                                         January 2000; Chief Operating Officer of PFG, Platinum
                                         Protective
</Table>

                                       4
<Page>

<Table>
<Caption>
                                               PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND
NAME                                         MATERIAL POSITIONS HELD DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------
<S>                                      <C>
                                         Products, Inc., SCHAS and Titmus Optical, Inc. and as
                                         President and Chief Executive Officer of USM; previously a
                                         business consultant from 1995 to 1998 and served as
                                         President of Safety Supply America division of Figgie
                                         International from 1989 to 1994.

Adrien W. Hebert.......................  Vice President--Finance and Chief Financial Officer since
                                         May 1999; Mr. Hebert served as Vice President--Finance and
                                         Corporate Controller from May 1998 until May 1999; Manager
                                         of Corporate Development of Bacou USA from April 1997 to
                                         May 1998 and Financial Consultant to Bacou USA from
                                         November 1996 until April 1997; previously, Mr. Hebert was
                                         Vice President and Chief Financial Officer of Encon
                                         Systems, Inc. from 1991 until 1996.

John F. Burt, Jr.......................  Executive Vice President of Bacou Safety from May 1998
                                         until April 30, 2001; founded Biosystems, Inc. in 1981 and
                                         served as President of that company until its merger into
                                         Bacou Safety in March 1998 and as President of the
                                         Biosystems division of Bacou Safety from March 1998 until
                                         April 30, 2001, and since that time as Founder.
                                         Mr. Burt's principal business address is c/o Biosystems,
                                         651 South Main Street, Middletown, Connecticut 06457.
</Table>

    To the knowledge of Bacou USA, during the last five years none of the
foregoing directors or executive officers has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding violations with respect to such laws.

    DIRECTORS AND EXECUTIVE OFFICERS OF BACOU S.A.  Set forth below are the
name, address and the present principal occupations or employment of any
corporation or other organization in which such occupation or employment is
conducted, and the five-year employment history of each of the directors and
executive officers of Bacou S.A. Each person identified below is a citizen of
the Republic of France, except for Walter Stepan who is a citizen of the Federal
Republic of Germany and Howard Leight who is a citizen of the United States.
Unless indicated otherwise, each person's principal business address is c/o
Bacou S.A., Z.I. Paris Nord II, 13, rue de la Perdrix, 93290 Tremblay, France.

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
Guy Hedouin............................  Director and executive officer of Bacou S.A.

Christophe Bacou.......................  The information set forth in this item under the caption "Directors
                                         and Executive Officers of Bacou USA" is incorporated herein by
                                         reference.

Rene Duvert............................  Director of Bacou S.A.

Walter Stepan..........................  The information set forth in this item under the caption "Directors
                                         and Executive Officers of Bacou USA" is incorporated herein by
                                         reference.
</Table>

                                       5
<Page>

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
Howard Leight..........................  Director of Bacou S.A. The information set forth in this item under
                                         the caption "Directors and Executive Officers of Bacou USA" is
                                         incorporated herein by reference.

Philippe Bacou.........................  The information set forth in this item under the caption "Directors
                                         and Executive Officers of Bacou USA" is incorporated herein by
                                         reference.
</Table>

    To the knowledge of Bacou S.A., during the last five years none of the
foregoing directors or executive officers has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding violations with respect to such laws.

    DIRECTORS AND EXECUTIVE OFFICERS OF ENGINEERING HENRI BACOU.  Set forth
below are the name, address and the present principal occupations or employment
of any corporation or other organization in which such occupation or employment
is conducted, and the five-year employment history of each of the directors and
executive officers of Engineering Henri Bacou. Each person identified below is a
citizen of the Republic of France. Unless indicated otherwise, each person's
principal business address is c/o Engineering Henri Bacou, Z.I. Paris Nord II,
13, rue de la Perdrix, 93290 Tremblay, France.

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
Veronique Mirabel......................  Director and executive officer of Engineering Henri Bacou.

Jacqueline Maggi Bacou.................  Director and executive officer of Engineering Henri Bacou. Managing
                                         Director of Guanne Protection until November 2000.

Christophe Bacou.......................  The information set forth in this item under the caption "Directors
                                         and Executive Officers of Bacou USA" is incorporated herein by
                                         reference.

Philippe Bacou.........................  The information set forth in this item under the caption "Directors
                                         and Executive Officers of Bacou USA" is incorporated herein by
                                         reference.
</Table>

    To the knowledge of Engineering Henri Bacou, during the last five years none
of the foregoing directors or executive officers has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
has been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction resulting in a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws, or finding violations with respect to such laws.

    DIRECTORS AND EXECUTIVE OFFICERS OF CHRISTIAN DALLOZ.  Set forth below are
the name, address and the present principal occupations or employment of any
corporation or other organization in which such occupation or employment is
conducted, and the five-year employment history of each of the directors and
executive officers of Christian Dalloz. Each person identified below is a
citizen of the Republic of France, except for Donald McCroskey, Joe Reimer,
Jerry McGurkin, Rod Fogelman, and Julius Tilley,

                                       6
<Page>
who are citizens of the United States. Unless indicated otherwise, each person's
principal address is 63 bis, Boulevard Bressieres 75017 Paris, France.

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
Mr. Philippe Alfroid...................  Chairman of Christian Dalloz SA since July 1992. Director of Christian
                                         Dalloz SA since April 1991. Mr. Alfroid's principal business address
                                         is c/o Essilor International 147 rue de Paris Charenton-Le-Pont 94220,
                                         France

Mr. Claude-Henri Balleyguier...........  Director and Chief Executive Officer of Christian Dalloz SA since
                                         September 1999; President, Europe, Tektronix from 1996 to 1998.
                                         Mr. Balleyguier's principal business address is c/o Dalloz
                                         Safety, Inc. 2nd & Washington Streets P.O. Box 622 Reading, PA
                                         19603-0622

Ms. Ginette Dalloz.....................  General Manager of Christian Dalloz SA since July 1992; Director of
                                         Christian Dalloz SA since April 1983.

Financiere Christian Dalloz
(represented by Jean-Claude Boisset)...  Director of Christian Dalloz SA since June 1992. Mr. Dalloz'
                                         principal business address is Financiere Christian Dalloz 147 rue de
                                         Paris Charenton-Le-Pont 94220, France

Mr. Gerard Cottet......................  Director of Christian Dalloz SA since July 1992.

Mr. Francois Faiveley..................  Director of Christian Dalloz SA; Chairman and Chief Executive Officer,
                                         Francois Faiveley Participations and Financiere Faiveley C.V.V.B.,
                                         S.B.E.V.; Manager, Faiveley Freres, Cosodec.

Mr. Donald McCroskey...................  Director of Christian Dalloz SA since May 1996.

Mr. Joe Reimer.........................  President of Fall Protection Division and MBU America; with Christian
                                         Dalloz since February 1981. Mr. Reimer's principal business address is
                                         c/o Dalloz Safety, Inc. 2nd & Washington Streets P.O. Box 622 Reading,
                                         PA 19603

Mr. Jerry McGurkin.....................  Senior Vice President and General Manager, MBU Australia, PBU Hearing
                                         and Respiratory; with Christian Dalloz since September 1995.
                                         Mr. McGurkin's principal business address is c/ o Dalloz Safety, Inc.
                                         2nd & Washington Streets P.O. Box 622 Reading, PA 19603

Mr. Herve Meillat......................  President, Eyewear Group; with Christian Dalloz since August 1998.
                                         Mr. Meillat's principal business address is c/o Dalloz Safety, Inc.
                                         2nd & Washington Streets P.O. Box 622 Reading, PA 19603-0622

Mr. Pascal Ode.........................  Senior Vice President and General Manager, MBU Europe and Asia, since
                                         July 2000; General Manager, France and Segment Manager, Smart Cards,
                                         Europe, Philips Semi-Conductors, from 1997 to 2000; Marketing
                                         Director, Europe, Schneider Electric, SA, from 1992 to 1997.

Mr. Brice de la Morandiere.............  Chief Financial Officer since June 1998; Finance Director, Carnaud
                                         Metalbox, from February 1996 to June 1998. Mr. de la
</Table>

                                       7
<Page>

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
                                         Morandiere's principal business address is c/o Dalloz Safety, Inc.
                                         2nd & Washington Streets P.O. Box 622 Reading, PA 19603-0622

Mr. Rod Fogelman.......................  Senior Vice President, Human Resources; with Christian Dalloz since
                                         October 1975. Mr. Fogelman's principal business address is c/o Dalloz
                                         Safety, Inc. 2nd & Washington Streets P.O. Box 622 Reading, PA
                                         19603-0622

Mr. Julius Tilley......................  Chief Information Officer since August 1998; Principal Consultant,
                                         Price Waterhouse, LLP, from January to July 1998; Information
                                         Services Operations Manager, OKIDATA Corporation, from May 1995 to
                                         December 1997. Mr. Tilley's principal business address is Christian
                                         Dalloz IT Center, Chadds Ford Business Campus Brandywine Two, Chadds
                                         Ford, PA 19317-9868
</Table>

    To the knowledge of Christian Dalloz, during the last five years none of the
foregoing directors or executive officers has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws, or finding violations with respect to such laws.

    DIRECTORS AND EXECUTIVE OFFICERS OF DANIEL U. S. SUB.  Set forth below is
the name, address and the present principal occupation or employment of any
corporation or other organization in which such occupation or employment is
conducted, and the five-year employment history of the sole director and
executive officer of Daniel U. S. Sub. Mr. de la Morandiere is a citizen of the
Republic of France and his principal business address is c/o Dalloz
Safety, Inc., 2nd & Washington Streets, P.O. Box 622, Reading, Pennsylvania
19603-0622.

<Table>
<Caption>
                                         PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND MATERIAL POSITIONS HELD
NAME                                                           DURING THE PAST FIVE YEARS
----                                     ----------------------------------------------------------------------
<S>                                      <C>
Mr. Brice de la Morandiere.............  Director and President of Daniel U. S. Sub since May 2001; Chief
                                         Financial Officer of Christian Dalloz since June 1998; Finance
                                         Director, Carnaud Metalbox, from February 1996 to June 1998.
</Table>

    To the knowledge of Daniel U. S. Sub, during the last five years
Mr. de la Morandiere has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor has he been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
resulting in a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities
laws, or finding violations with respect to such laws.

    PHILIPPE BACOU.  The information set forth in this item under the caption
"Directors and Executive Officers of Bacou USA" is incorporated herein by
reference.

    JACQUELINE MAGGI BACOU.  The information set forth in this item under the
caption "Directors and Executive Officers of Engineering Henri Bacou" is
incorporated herein by reference.

    CHRISTOPHE BACOU.  The information set forth in this item under the caption
"Directors and Executive Officers of Bacou USA" is incorporated herein by
reference.

                                       8
<Page>
    VERONIQUE BACOU.  The information set forth in this item under the caption
"Directors and Executive Officers of Engineering Henri Bacou" is incorporated
herein by reference.

ITEM 4. TERMS OF THE TRANSACTION

<Table>
<S>                     <C>
(a)(l)                  Not applicable.

(a)(2)(i)               The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER" and
                        "SUMMARY TERM SHEET" is incorporated herein by reference.

(a)(2)(ii)              The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER" and
                        "INTRODUCTION" is incorporated herein by reference.

(a)(2)(iii)             The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SPECIAL FACTORS--Reasons for the Approvals by the Oversight
                        Committee and our Board of Directors" and "SPECIAL
                        FACTORS--Christian Dalloz's Reasons for the Merger" is
                        incorporated herein by reference.

(a)(2)(iv)              The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Our Majority Stockholder; No Further
                        Stockholder Approval Required" and "SPECIAL FACTORS--Our
                        Majority Stockholder; No Further Stockholder Approval
                        Required" is incorporated herein by reference.

(a)(2)(v)               The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET" and "THE MERGER--The Merger
                        Agreement--Consideration to be Received by the Stockholders"
                        is incorporated herein by reference.

(a)(2)(vi)              The information set forth in the Information Statement under
                        the caption "SUMMARY TERM SHEET--Accounting Treatment" is
                        incorporated herein by reference.

(a)(2)(vii)             The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Material U.S. Federal Income Tax
                        Consequences" and "SPECIAL FACTORS--Material U.S. Federal
                        Income Tax Consequences of the Merger to our Stockholders"
                        is incorporated herein by reference.

(c)                     The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Our Majority Stockholder; No Further
                        Stockholder Approval Required", "INTRODUCTION", "SPECIAL
                        FACTORS--Our Majority Stockholder; No Further Stockholder
                        Approval Required" and "THE MERGER--Payment of Merger
                        Consideration and Surrender of Stock Certificates" is
                        incorporated herein by reference.

(d)                     The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Appraisal Rights " and "THE
                        MERGER--Appraisal Rights" is incorporated herein by
                        reference.

(e)                     The information set forth in the Information Statement under
                        the caption "OTHER MATTERS--Provisions for Unaffiliated
                        Stockholders" is incorporated herein by reference.

(f)                     Not applicable.
</Table>

                                       9
<Page>
ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS

<Table>
<Caption>

<S>                     <C>

(a)(1)                  The information set forth in the Information Statement under
                        the captions "SUMMARY TERM SHEET--Interests of Certain
                        Parties in the Merger and Related Acquisition Transactions;
                        Potential Conflicts of Interest", "THE MERGER--The Merger
                        Agreement" and "OTHER MATTERS--Information Incorporated by
                        Reference" is incorporated herein by reference.

(a)(2)                  The information set forth in the Information Statement under
                        the caption "SPECIAL FACTORS--Interests of Certain Parties
                        in the Merger and Related Acquisition Transactions;
                        Potential Conflicts of Interest" is incorporated herein by
                        reference.

(b)-(c)                 The information set forth in the Information Statement under
                        the caption "SPECIAL FACTORS--Background of the Merger and
                        the Related Acquisition Transactions" is incorporated herein
                        by reference.

(e)                     The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Combination of the Bacou Group and
                        Christian Dalloz", "SUMMARY TERM SHEET--Our Majority
                        Stockholder; No Further Stockholder Approval Required",
                        "SUMMARY TERM SHEET--Interests of Certain Parties in the
                        Merger and Related Acquisition Transactions; Potential
                        Conflicts of Interest", "INTRODUCTION", "SPECIAL
                        FACTORS--Background of the Merger and the Related
                        Acquisition Transactions", "SPECIAL FACTORS--Our Majority
                        Stockholder; No Further Stockholder Approval Required",
                        "SPECIAL FACTORS--Interests of Certain Parties in the Merger
                        and Related Acquisition Transactions; Potential Conflicts of
                        Interest", "THE MERGER--The Merger Agreement" and "THE
                        MERGER--The Stockholder Agreement" is incorporated herein by
                        reference. The information set forth in Exhibit (d) is
                        incorporated herein by reference.
</Table>

ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS

<Table>
<S>                     <C>
(b)                     The information set forth in the Information Statement under
                        the captions "SPECIAL FACTORS--Purpose and Structure of the
                        Merger", "SPECIAL FACTORS--Certain Effects of the Merger"
                        and "THE MERGER--The Merger Agreement--Consideration to be
                        Received by the Stockholders" is incorporated herein by
                        reference.

(c)(1)-(8)              The information set forth in the Information Statement under
                        the captions "SUMMARY TERM SHEET--Effects of the Merger",
                        "SPECIAL FACTORS--Certain Effects of the Merger", "SPECIAL
                        FACTORS--Plans for Bacou USA after the Merger" and "SPECIAL
                        FACTORS--Interest of Certain Parties in the Merger and
                        Related Acquisition Transactions; Potential Conflicts of
                        Interest" is incorporated herein by reference.
</Table>

ITEM 7. PURPOSES, ALTERNATIVES, REASONS AND EFFECTS

(a) The information set forth in the Information Statement under the captions
    "SPECIAL FACTORS--Background of the Merger and the Related Acquisition
    Transactions" and "SPECIAL FACTORS--Purpose and Structure of the Merger" is
    incorporated herein by reference.

(b) The information set forth in the Information Statement under the captions
    "SPECIAL FACTORS--Background of the Merger and the Related Acquisition
    Transactions", "SPECIAL FACTORS--Opinion of UBS Warburg LLC", "SPECIAL
    FACTORS--Reasons for the Approvals by the Oversight Committee and our Board
    of Directors" and "SPECIAL FACTORS--Purpose and Structure of the Merger" is
    incorporated herein by reference.

                                       10
<Page>
(c) The information set forth in the Information Statement under the captions
    "SUMMARY TERM SHEET--Approval of the Oversight Committee and our Board of
    Directors", "SPECIAL FACTORS--Background of the Merger and the Related
    Acquisition Transactions", "SPECIAL FACTORS--Opinion of UBS Warburg LLC",
    "SPECIAL FACTORS--Reasons for the Approvals by the Oversight Committee and
    our Board of Directors", "SPECIAL FACTORS--Christian Dalloz's Reasons for
    the Merger" and "SPECIAL FACTORS--Purpose and Structure of the Merger" is
    incorporated herein by reference.

(d) The information set forth in the Information Statement under the captions
    "QUESTIONS AND ANSWERS ABOUT THE MERGER", "SUMMARY TERM SHEET--Effects of
    the Merger", "SUMMARY TERM SHEET--Interests of Certain Parties in the Merger
    and Related Acquisition Transactions; Potential Conflicts of Interest",
    "SUMMARY TERM SHEET--Material U.S. Federal Income Tax Consequences",
    "SPECIAL FACTORS--Background of the Merger and the Related Acquisition
    Transactions", "SPECIAL FACTORS--Opinion of UBS Warburg LLC", "SPECIAL
    FACTORS--Purpose and Structure of the Merger", "SPECIAL FACTORS--Certain
    Effects of the Merger", "SPECIAL FACTORS--Plans for Bacou USA after the
    Merger", "SPECIAL FACTORS--Material U.S. Federal Income Tax Consequences of
    the Merger to our Stockholders" and "THE MERGER--The Merger Agreement" is
    incorporated herein by reference.

ITEM 8. FAIRNESS OF THE TRANSACTION

<Table>
<S>                     <C>
(a)-(f)                 The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER",
                        "SUMMARY TERM SHEET--Approval of the Oversight Committee and
                        our Board of Directors", "INTRODUCTION", "SPECIAL
                        FACTORS--Our Majority Stockholder; No Further Stockholder
                        Approval Required", "THE MERGER--The Merger Agreement",
                        "SPECIAL FACTORS--Background of the Merger and the Related
                        Acquisition Transactions", "SPECIAL FACTORS--Opinion of UBS
                        Warburg LLC", "SPECIAL FACTORS--Reasons for the Approvals by
                        the Oversight Committee and our Board of Directors",
                        "SPECIAL FACTORS--Bacou USA's Position as to the Fairness of
                        the Merger", "SPECIAL FACTORS--Bacou S.A.'s, Engineering
                        Henri Bacou's and the Bacou Family's Positions as to the
                        Fairness of the Merger" and "SPECIAL FACTORS--Christian
                        Dalloz's Position as to the Fairness of the Merger" is
                        incorporated herein by reference.
</Table>

ITEM 9. REPORTS, OPINIONS, APPRAISALS AND NEGOTIATIONS

<Table>
<S>                     <C>
(a)-(c)                 The information set forth in the Information Statement under
                        the captions "SUMMARY TERM SHEET--Opinion of UBS Warburg
                        LLC", and "SPECIAL FACTORS--Opinion of UBS Warburg LLC" is
                        incorporated herein by reference. The full text of the
                        written opinion of UBS Warburg LLC, dated May 25, 2001, is
                        attached to the Information Statement as Appendix B.
</Table>

ITEM 10. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

<Table>
<S>                     <C>
(a)-(d)                 The information set forth in the Information Statement under
                        the captions "SUMMARY TERM SHEET--The Merger
                        Agreement--Financing of the Merger; Fees and Expenses of the
                        Merger", "SPECIAL FACTORS--The Global Transaction--Financing
                        of the Global Transaction" and "THE MERGER--Financing of the
                        Merger; Fees and Expenses of the Merger" is incorporated
                        herein by reference.
</Table>

                                       11
<Page>
ITEM 11. INTEREST IN THE SUBJECT COMPANY SECURITIES

<Table>
<S>                     <C>
(a)                     The information set forth in the Information Statement under
                        the captions "QUESTIONS AND ANSWERS ABOUT THE MERGER" and
                        "OTHER MATTERS--Security Ownership of Certain Beneficial
                        Owners and Management" is incorporated herein by reference.

(b)(1)-(5)              The information set forth in the Information Statement under
                        the caption "OTHER MATTERS--Transactions in Common Stock by
                        Certain Persons" is incorporated herein by reference.
</Table>

ITEM 12. THE SOLICITATION OR RECOMMENDATION

(d) The information set forth in the Information Statement under the captions
    "SUMMARY TERM SHEET--Our Majority Stockholder; No Further Stockholder
    Approval Required", "INTRODUCTION", "SPECIAL FACTORS--Our Majority
    Stockholder; No Further Stockholder Approval Required" and "SPECIAL
    FACTORS--Bacou USA's Position as to the Fairness of the Merger" is
    incorporated herein by reference.

(e) The information set forth in the Information Statement under the captions
    "SUMMARY TERM SHEET--Approval of the Oversight Committee and our Board of
    Directors", "SPECIAL FACTORS--Reasons for the Approvals by the Oversight
    Committee and our Board of Directors", "SPECIAL FACTORS--Bacou USA's
    Position as to the Fairness of the Merger" and "SPECIAL FACTORS--Christian
    Dalloz's Reasons for the Merger" is incorporated herein by reference.

ITEM 13. FINANCIAL STATEMENTS

(a) The information set forth in the Information Statement under the captions
    "INTRODUCTION--Our Selected Consolidated Financial Information",
    "INTRODUCTION--Consolidated Ratios of Earnings to Fixed Charges and Book
    Value Per Share" and "OTHER MATTERS--Information Incorporated by Reference"
    is incorporated herein by reference.

(b) Not applicable.

ITEM 14. PERSON/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED

(a) Not applicable.

(b) The information set forth in the Information Statement under the captions
    "QUESTIONS AND ANSWERS ABOUT THE MERGER" and "THE MERGER--Financing of the
    Merger; Fees and Expenses of the Merger" is incorporated herein by
    reference.

ITEM 15. ADDITIONAL INFORMATION

(b) The information set forth in the Information Statement and appendices
    thereto is incorporated by reference herein.

                                       12
<Page>
ITEM 16. EXHIBITS

<Table>
<S>                     <C>
(a)(1)                  Preliminary Information Statement of Bacou USA dated
                        July 27, 2001 is incorporated by reference herein.

(a)(2)                  Agreement and Plan Of Merger dated as of May 29, 2001 among
                        Christian Dalloz, Daniel U.S. Sub, Inc. and Bacou USA
                        (attached as Appendix A to the Information Statement and
                        incorporated by reference herein).

(c)(1)                  Opinion of UBS Warburg LLC, dated May 25, 2001 (attached as
                        Appendix B to the Information Statement and incorporated by
                        reference herein).

(c)(2)                  Materials presented by UBS Warburg LLC to the Oversight
                        Committee on May 25, 2001.

(c)(3)                  Computation of Ratio of Earnings to Fixed Charges.

(c)(4)                  Report of Messrs. Barr, Stepan and Herbert presented at the
                        meeting of the Oversight Committee on March 27, 2001.

(c)(5)                  Report of Deutsche Bank, dated May 29, 2001, presented at
                        the May 29, 2001 meeting of the Board of Directors of
                        Bacou USA.

(c)(6)                  Preliminary Materials presented by UBS Warburg to the
                        Oversight Committee on February 1, 2001.

(c)(7)                  Report of Deutsche Bank presented to the Board of Directors
                        on February 2, 2001.

(c)(8)                  Bacou USA Forecast prepared in July 2000.

(d)                     Company Stockholder Agreement, dated as of May 29, 2001,
                        between Bacou S.A. and Dalloz.

(f)                     Section 262 of the Delaware General Corporation Law
                        (attached as Appendix C to the Information Statement and
                        incorporated by reference herein).

(g)                     Not applicable.
</Table>

                                       13
<Page>
                                   SIGNATURE

    After due inquiry and to the best of my knowledge and belief, each of the
undersigned does certify that the information set forth in this statement is
true, complete and correct.

<Table>
<S>                                                    <C>    <C>
                                                       BACOU USA, INC.

                                                       By:              /s/ PHILIP B. BARR
                                                              --------------------------------------
                                                       Name:  Philip B. Barr
                                                       Title: President and Chief Executive Officer

                                                       BACOU S.A.

                                                       By:              /s/ PHILIPPE BACOU
                                                              --------------------------------------
                                                       Name:  Philippe Bacou
                                                       Title: President and Chief Executive Officer

                                                       ENGINEERING HENRI BACOU S.A.

                                                       By:              /s/ PHILIPPE BACOU
                                                              --------------------------------------
                                                       Name:  Philippe Bacou
                                                       Title: President and Chief Executive Officer

                                                       PHILIPPE BACOU

                                                                     /S/ PHILIPPE BACOU
                                                       ---------------------------------------------

                                                       CHRISTOPHE BACOU

                                                                    /S/ CHRISTOPHE BACOU
                                                       ---------------------------------------------

                                                       JACQUELINE MAGGI BACOU

                                                                 /S/ JACQUELINE MAGGI BACOU
                                                       ---------------------------------------------

                                                       VERONIQUE MIRABEL

                                                                   /S/ VERONIQUE MIRABEL
                                                       ---------------------------------------------

                                                       CHRISTIAN DALLOZ

                                                       By:             /s/ PHILIPPE ALFROID
                                                              --------------------------------------
                                                       Name:  Philippe Alfroid
                                                       Title: President
</Table>

                                       14
<Page>
<Table>
<S>                                                    <C>    <C>
                                                       WALTER STEPAN

                                                       By:               /s/ WALTER STEPAN
                                                              --------------------------------------

                                                       PHILIP BARR

                                                       By:              /s/ PHILIP B. BARR
                                                              --------------------------------------

                                                       ADRIEN HEBERT

                                                       By:               /s/ ADRIEN HEBERT
                                                              --------------------------------------

                                                       ALAN BENNETT

                                                       By:               /s/ ALAN BENNETT
                                                              --------------------------------------

                                                       DANIEL U. S. SUB., INC.

                                                       By:          /s/ BRICE DE LA MORANDIERE
                                                              --------------------------------------
                                                       Name:  Brice de la Morandiere
                                                       Title: President

Dated: August 17, 2001
</Table>

                                       15

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(2)
<SEQUENCE>3
<FILENAME>a2051688zex-99_c2.txt
<DESCRIPTION>EXHIBIT 99.(C)(2)
<TEXT>
<Page>

                                                               Exhibit 99.(c)(2)

--------------------------------------------------------------------------------

The accompanying material was compiled on a confidential basis for use solely by
the Oversight Committee of the Board of Directors of Bacou USA, Inc. (the
"Company" or "Bacou USA") in evaluating the proposed transaction described
herein. This material is not intended to provide the sole basis for evaluating
the transaction, does not purport to contain all the information that may be
required and should not be considered a recommendation with respect to the
transaction. This material was prepared for a specific use by specific persons
and was not prepared to conform with any disclosure standards under applicable
federal securities laws or otherwise. Neither the Company nor UBS Warburg LLC
("UBS Warburg") nor any of their respective officers, directors, employees,
affiliates, advisors, agents or representatives warrants the accuracy or
completeness of any of the material set forth herein. Nothing contained in the
accompanying material is, or shall be relied upon as, a promise or
representation as to the past or the future.

It should be understood that any estimates, valuations and/or projections
contained in the accompanying material were prepared or derived from information
supplied by the Company without any independent verification thereof by UBS
Warburg. Accordingly, no representation or warranty can be or is made by UBS
Warburg as to the accuracy or achievability of any such valuations, estimates
and/or projections and UBS Warburg expressly disclaims any and all liability
relating to or resulting from the use of this material. Actual results may vary
from such estimates, valuations or projections and such variations may be
material. This material must not be copied, reproduced, distributed or passed to
others at any time without the prior written consent of UBS Warburg.

[LOGO] UBS Warburg

<PAGE>

Contents
--------------------------------------------------------------------------------

SECTION 1     Transaction Overview ......................................1

SECTION 2     Summary of the DB Sale Process ............................6

SECTION 3     Company Overview ..........................................9

SECTION 4     Valuation Analyses .......................................23

APPENDICES A Comparable Public Companies Analysis--Company Descriptions

           B Comparable Transactions Analysis--Target Descriptions

[LOGO] UBS Warburg

<PAGE>

Transaction Overview
--------------------------------------------------------------------------------
SECTION 1

[LOGO] UBS Warburg

<PAGE>

Transaction Overview
--------------------------------------------------------------------------------

o     Christian Dalloz S.A. ("Dalloz") has proposed to acquire, directly and
      indirectly, all of the outstanding shares of Bacou S.A. ("Bacou SA" or the
      "Principal Company Stockholder") through a series of share purchases and
      related transactions. The proposed consideration to be paid to the
      shareholders of Bacou SA is to be comprised of cash and shares of Dalloz
      common stock (collectively, the "French Transactions").

o     In connection with the French Transactions, Dalloz also proposes to
      acquire all of the outstanding shares of common stock of Bacou USA, Inc.
      ("Bacou USA" or the "Company"), par value $.001 per share (the "Company
      Common Stock"), not owned by Dalloz, Dalloz Safety, Inc. ("Sub"), the
      Company or Bacou SA. Bacou USA is a majority-owned subsidiary of Bacou SA.

o     Pursuant to the draft Agreement and Plan of Merger (the "Agreement") dated
      May 23, 2001 to be entered into by the Company, Dalloz and Sub, a Delaware
      corporation and a wholly owned subsidiary of Dalloz:

      --    Sub will merge with and into the Company (the "Merger"); and

      --    shares of the Company (other than shares held by Bacou SA and
            Appraisal Shares (as defined in the Agreement)) will be converted
            into the right to receive US$28.50 per share in cash (the "Merger
            Consideration"), subject to the terms and conditions as set forth in
            the Agreement.

o     Financing for the Merger and the cash portion of the French Transactions
      is to be provided from several sources: (i) senior secured credit
      facilities provided by JP Morgan plc and BNP Paribas and (ii) cash equity
      financing provided by certain third party investors.

o     Financing specifically for the Merger (and refinancing of Bacou USA debt)
      will be in the form of two term bank loan facilities: (i) a US$160 million
      loan (5 years, amortizing); and (ii) a US$113 million loan (5 years,
      amortizing).

o     Financing for the acquisition of Bacou SA (and related debt refinancing)
      will be in the form of a FRF2,055.0 million (~US$268 million) term bank
      loan (5 years, amortizing) and approximately FRF42O million (~US$55
      million) of cash equity financing.

o     Additional bank financing will be provided by a 5 year, multicurrency
      revolving credit facility in the amount of FRF65O million (~US$85
      million) to be used for working capital purposes and debt refinancing.


[LOGO] UBS Warburg                            Section 1: Transaction Overview  2
<PAGE>

Relevant Parties to the Transaction
--------------------------------------------------------------------------------

BACOU S.A.

o     Bacou SA is a leading global manufacturer of a broad range of branded
      safety products renowned for their performance, reliability and high
      end-user acceptance. Founded in France in 1974 by Henri Bacou, the
      Company has grown globally through strategic acquisitions, product line
      expansion and internal growth

o     Bacou SA is comprised of two major geographic operations:

      --    Bacou France and its affiliates are primarily focused in Europe
      --    Bacou USA is primarily focused in the Americas. Bacou USA is 71.3%
            owned by Bacou SA and approximately 28.7% owned by public
            shareholders and insiders

BACOU USA, INC.

o     Bacou USA designs, manufactures and sells safety products that protect the
      sight, hearing, hands and respiratory systems of workers against
      occupational hazards, and related instruments such as gas monitors and
      test equipment for SCBA products. In 2000, Bacou USA generated
      approximately $320 million in sales, predominantly through industrial
      safety distributors

o     Since its inception, Bacou USA has had an aggressive growth strategy that
      has included successful acquisitions of 10 businesses to broaden the
      Company's product offerings and to build a one-stop provider of industrial
      safety products

o     The Company is based in Smithfield, Rhode Island and operates 12
      manufacturing plants and warehouses in eight states and Mexico and three
      regional sales offices in two states and the UK. As of December 31, 2000,
      Bacou USA employed 2,460 people on a full-time basis

CHRISTIAN DALLOZ S.A.

o     Christian Dalloz S.A. is a leading personal protective equipment company
      with sales in 75 countries and a global network of qualified distributors.
      Dalloz has expanded, in part, through a series of strategic acquisitions

o     Dalloz holds key market positions in hearing, eye, respiratory and fall
      protection products worldwide. Dalloz has strong name recognition with
      brands such as Wilson, Pulsafe, and Bilsum

o     For fiscal year 2000, sales were EUR 256.5 million ($236.7 million), an
      increase of 40.7% year over year (driven mostly by the Fall Protection and
      Sun Lenses segments), and net income of EUR 15.6 million ($14.4 million)


[LOGO] UBS Warburg                            Section 1: Transaction Overview  3
<PAGE>

Principal Terms & Conditions
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Form of Transaction:    o     Reverse triangular merger of Sub with and into the
                              company

Merger Consideration:   o     US$28.50 per share in cash

Tax Structure:          o     Fully taxable to selling shareholders

Accounting Treatment:   o     Purchase accounting under US GAAP

Governing Law:          o     State of Delaware

Significant Conditions  o     Oversight Committee will have: (i) approved the
and Other Terms:              Agreement and the Merger and recommended approval
                              of same by the Board of Directors of the Company;
                              and (ii) determined that the Agreement and Merger
                              are advisable and in the best interests of the
                              Company and each of the holders of the Company
                              Common Stock (other than the Principal Company
                              Stockholder)

                        o     Company's Board of Directors will have: (i)
                              approved the Agreement and the Merger and
                              recommended adoption of same by the Company's
                              shareholders (other than the Principal Company
                              Stockholder); (ii) determined that the Agreement
                              and the Merger are advisable and in the best
                              interests of the Company and each of the holders
                              of the Company Common Stock (other than the
                              Principal Company Stockholder), and (iii) adopted
                              resolutions terminating the Letter Agreement dated
                              July 13, 2000 between certain members of the Bacou
                              family and the Company

                        o     Affirmative vote by a majority of the votes by the
                              Company's shareholders in favor of the Merger
                              (Bacou SA ownership represents 71.3% of the vote)

                        o     Customary conditions relating to regulatory
                              approvals (e.g., HSR Act, among others) and no
                              material adverse change

                        o     Appraisal rights for holders of Company Common
                              Stock

                        o     No shop provision

                        o     Satisfaction of (or waiver of) all conditions
                              precedent to the consummation of the French
                              Transactions (as defined in the Master Agreement
                              relating to the combination of Dalloz and Bacou
                              SA), other than the Merger

Termination Conditions: o     Customary termination conditions and provisions
                              including:

                              --    Termination by mutual consent

                              --    Termination by either the Company or
                                    Dalloz, if (i) the Merger is not
                                    consummated by December 31, 2001, (ii)
                                    failure to receive the requisite vote in
                                    favor of the Merger; and (iii) the
                                    agreements forming or governing the French
                                    Transactions are terminated in accordance
                                    with their terms

                              --    no termination fee

--------------------------------------------------------------------------------


[LOGO] UBS Warburg                            Section 1: Transaction Overview  4
<PAGE>

Valuation Analysis at Proposed Transaction Price
--------------------------------------------------------------------------------

Transaction Value of Bacou USA at Proposed Transaction Price(1)

(US$mm, except per share)
-------------------------------------------------------------------------
Proposed Transaction Price Per Share (US$)                  28.50
Total Diluted Shares Outstanding (millions)                18.644
-------------------------------------------------------------------------
                                                            531.4
Less: Option Proceeds                                      (15.8)
=========================================================================
TRANSACTION EQUITY MARKET VALUE                             515.6
=========================================================================
Plus: Debt                                                  115.3
Less: Cash and Equivalents                                 (16.8)
=========================================================================
TRANSACTION ENTERPRISE VALUE                                614.0
=========================================================================

Implied Valuation Multiples at Proposed Transaction Price(2)

                                      Variable
                                      (USSMM)              US$28.50
-------------------------------------------------------------------------
TEV/LTM Pro Forma Revenue               322.5                 1.9x
TEV/LTM Pro Forma EBITDA                 78.5                 7.8
TEV/LTM Pro Forma EBIT                   58.6                10.5
EMV/LTM Pro Forma Net Income             32.0                16.1
-------------------------------------------------------------------------

SOURCE: Company reports and SEC filings

NOTES:

(1)   Based on the Company's balance sheet as of April 30, 2001
(2)   Implied multiples based on the Company's adjusted pro forma operating
      results for the latest twelve months ("LTM") ended April 30, 2001


[LOGO] UBS Warburg                            Section 1: Transaction Overview  5
<PAGE>

Summary of the DB Sale Process
--------------------------------------------------------------------------------
SECTION 2

[LOGO] UBS Warburg

<PAGE>

Summary of the DB Sale Process
--------------------------------------------------------------------------------

o     The following comments are based on conversations with and materials
      provided by Deutsche Bank ("DB")

      o     The Bacou SA solicitation process ("Project Sauvegarde") was
            conducted in two rounds: Round 1 (indication of interest) was
            conducted during August and September 2000 while Round 2 (management
            presentations, data rooms and detailed due diligence) was conducted
            during October and November 2000

      o     During Round 1, DB and Deloitte & Touche Corporate Finance contacted
            130 parties, both strategic and financial, with over 60% of the
            prospective purchasers located in the United States with the balance
            from Europe

      o     Prospective purchasers were instructed to submit indications for the
            acquisition of Bacou SA in its entirety with separate valuation
            indications for Bacou USA and Bacou SA (European operations only)

      o     Round 1 resulted in the submission of 27 non-binding written
            indications of interest for all or parts of Bacou SA with an
            allocated enterprise valuation range for Bacou USA of $585 to $775
            million which translated into a per share valuation range of $24.97
            to $35.00. Each indication was subject to material conditions,
            including availability of financing

            --    20 bids gave separate value indications for Bacou USA and
                  Bacou SA (European operations only)

            --    3 bids gave values for the entire Bacou SA (consolidated)
                  business (without specifying a separate value for Bacou USA)

            --    4 written indications for specific parts of Bacou SA or Bacou
                  USA; and

            --    4 oral indications which did not state any values

      o     Nine prospective purchasers were invited to Round 2, resulting in
            two conditional offers

            --    both Finalist 1 and Finalist 2 proposed $25.00 per share for
                  the Bacou USA minority interest

      o     An exclusivity agreement was executed in January 2001 between Bacou
            SA and Finalist 1; discussions with Finalist 1 were subsequently
            terminated in early February 2001

      o     In late February 2001, Rothschild & Cie ("Rothschild"), Dalloz'
            financial advisor, met with DB to discuss a potential transaction
            between the parties. Discussions continued for a month

      o     In late March 2001, an exclusivity agreement was executed between
            Dalloz and Bacou SA, concurrent with Dalloz' written proposal on the
            same date


[LOGO] UBS Warburg                   Section 2: Summary of the DB Sale Process 7
<PAGE>

Summary of the DB Sale Process (continued)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                         North America               Europe                    Total
--------------------------------------------------------------------------------------------------------------------------------

Round 1
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>                     <C>                      <C>
Contacts
      Interested                                               55                      32                        87
      Not Interested                                           25                      18                        43
================================================================================================================================
TOTAL                                                          80                      50                       130
================================================================================================================================
Selling Memorandum
      Selling Memorandum-Interested                            14                      13                        27(1)
      Selling Memorandum-Not Interested                        41                      19                        60
================================================================================================================================
TOTAL                                                          55                      32                        87
================================================================================================================================

Round 2
--------------------------------------------------------------------------------------------------------------------------------
Initial Indications Received                                   14                      13                        27(1)
Management Presentations & Data Room                            5                       4                         9
================================================================================================================================
FINAL BIDS RECEIVED                                             2                       0                         2
================================================================================================================================
</TABLE>

SOURCE: Deutsche Bank

NOTE:

(1)   Excludes four (4) verbal indications of interest received


[LOGO] UBS Warburg                   Section 2: Summary of the DB Sale Process 8
<PAGE>

Company Overview
--------------------------------------------------------------------------------
SECTION 3

[LOGO] UBS Warburg

<PAGE>

Business Segment Overview
--------------------------------------------------------------------------------

o     Bacou USA is a leading manufacturer of personal safety products

      SAFETY SEGMENT:

      o     Consumable and technical products with highly recognized brand names
      o     Sold primarily to industrial and fire safety distributors
      o     Strength in hearing, eye and respiratory protection as well as in
            gas detection products
      o     Market leader in non-prescription eye protection

      GLOVE SEGMENT:

      o     Through acquisitions and internal growth, Bacou USA has achieved a
            leading market position
      o     Whiting+Davis is a premier brand in the niche metal glove market

      SAFETY OPTICAL FRAMES AND INSTRUMENT SEGMENT:

      o     Includes eyeglass frames and components, and vision screening
            equipment (for prescription)
      o     Sold primarily to optical laboratory customers

      Manufactured Products Operating Structure

      [Chart regarding Manufactured Products Operating Structure of Bacou USA.]

      SOURCE: Company Reports

      2000 Sales by Product Line--Bacou USA

      [Pie chart regarding Bacou USA 2000 sales by product line showing the
      Glove Segment having 15% of total sales, Optical Frames and Instruments
      Segment having 12% of total sales and the Safety Segment having 73% of
      total sales.]

      SOURCE: Bacou USA 10-K dated December 31, 2000


[LOGO] UBS Warburg                                Section 3: Company Overview 10
<PAGE>

Bacou USA Historical 5-Year Financial Summary (As Reported)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                            For the Fiscal Year Ended December 31,(1)               1996-2000
                             ---------------------------------------------------------------------     CAGR
(US$mm)                         1996             1997           1998            1999         2000      (%)     LTM 4/30/01(1)
-----------------------------------------------------------------------------------------------------------------------------
<S>                            <C>              <C>            <C>             <C>          <C>        <C>           <C>
Operating Data:
Revenue                        109.3            130.9          221.1           274.7        319.7      30.8          321.0
% Growth                          na             19.8           68.9            24.2         16.4
EBITDA                          39.1             33.3           52.9            68.2         77.7      18.7           76.2
% Margin                        35.8             25.4           23.9            24.8         24.3
EBIT                            31.6             24.6           38.7            50.9         58.3      16.5           56.5
% Margin                        28.9             18.8           17.5            18.5         18.2
Net Income                      19.4             14.4           21.0            27.2         30.9      12.4           30.0
% Margin                        17.7             11.0            9.5             9.9          9.7
Diluted EPS                     1.18             0.83           1.19            1.54         1.73      10.0           1.68
%Growth                           na           (29.7)           43.4            29.4         12.3
Diluted Shares Outstanding      16.4             17.4           17.7            17.7         17.8                     17.9

Balance Sheet Data:
Current Assets(2)               29.8             44.5           68.7            89.5        102.8                     92.7
Net PP&E                        27.1             35.9           54.0            74.4         78.4                     75.6
Intangible Assets               47.3             70.7          169.9           194.3        194.5                    191.1
Total Assets                   125.1            152.4          293.8           371.4        379.5                    379.2
Current Liabilities(3)          10.6             11.2           23.0            32.1         24.6                     26.5
Total Debt                       0.0(4)           0.0(4)       107.8           143.9        126.2                    115.3
Shareholders' Equity           112.4            122.9          144.5           181.5        213.1                    221.8

Cash Flow Data:
Depreciation & Amortization      7.5              8.6           14.2            17.3         19.4                     19.7
Capital Expenditures            10.7              6.8           14.4            18.9         13.4                      8.9
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

SOURCE: Company SEC filings and internal reports

NOTES

(1)   As reported
(2)   Excludes cash
(3)   Excludes debt
(4)   As of December 31, 1996 and December 31, 1997 the Company maintained an
      unused line of credit of $11 million and $31 million, respectively


[LOGO] UBS Warburg                                Section 3: Company Overview 11
<PAGE>

Bacou USA Balance Sheets
--------------------------------------------------------------------------------

                                                    As of              As of
Assets (US$mm)                                    FYE 2000        April 30, 2001
--------------------------------------------------------------------------------
Current Assets:
   Cash and Cash Equivalents                          1.0             16.8
   Accounts Receivable, net                          53.3             46.3
   Inventories, net                                  45.5             41.0
   Other                                              4.0              5.4
--------------------------------------------------------------------------------
        Total Current Assets                        103.7            109.5
--------------------------------------------------------------------------------
   Property, Plant & Equipment, net                  78.4             75.6
   Intangibles                                      194.5            191.1
   Other Assets                                       2.9              2.9
================================================================================
TOTAL ASSETS                                        379.5            379.2
================================================================================

                                                    As of             As of
Liabilities & Shareholders' Equity (US$mm)         FYE 2000      April 30, 2001
--------------------------------------------------------------------------------
Current Liabilities:
   Current Maturities of Long-Term Debt              28.1             23.4
   Accounts Payable                                  11.2             11.3
   Other Accrued Liabilities                         13.3             15.2
--------------------------------------------------------------------------------
        Total Current Liabilities                    52.6             49.9
--------------------------------------------------------------------------------
Non-Current Liabilities:
   Long-Term Debt                                    98.2             92.0
   Other                                             15.6             15.6
--------------------------------------------------------------------------------
        Total Non-Current Liabilities               113.8            107.6
--------------------------------------------------------------------------------
        Total Shareholders' Equity                  213.1            221.8
================================================================================
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY            379.5            379.2
================================================================================

SOURCE: Company SEC filings, press releases and internal reports

[LOGO] UBS Warburg                                Section 3: Company Overview 11
<PAGE>

Bacou USA Pro Forma Earnings Schedule
--------------------------------------------------------------------------------

Analytical Adjustments to Earnings

<TABLE>
<CAPTION>
                                                                                                      LTM
(US$mm, except per share)                                           1999             2000          Apr. 2001
--------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>              <C>             <C>
EBITDA Adjustments:

Reported EBITDA                                                     68.2             77.7            76.2
"Above the line" Non- Recurring Items--Expense (Income)              0.6              1.3             1.7
Pro Forma Adjustments for Acquisitions                               4.9              1.5             0.6
--------------------------------------------------------------------------------------------------------------
Adjusted EBITDA                                                     73.7             80.5            78.5
--------------------------------------------------------------------------------------------------------------
EBITDA--Reported--Margin (%)                                        24.8             24.3            23.7
EBITDA--Adjusted--Margin (%)                                        25.0             24.9            24.3

EBIT Adjustments:

Reported EBIT                                                       50.9             58.3            56.5
"Above the line" Non- Recurring Items--Expense (Income)              0.6              1.3             1.7
Pro Forma Adustments for Acquisitions                                3.9              1.3             0.5
--------------------------------------------------------------------------------------------------------------
Adjusted EBIT                                                       55.5             60.9            58.6
--------------------------------------------------------------------------------------------------------------
EBIT--Reported--Margin (%)                                          18.5             18.2            17.6
EBIT--Adjusted--Margin (%)                                          18.8             18.8            18.2

Net Income Adjustment:

Reported Net Income                                                 27.2             30.9            30.0
After Tax Non- Recurring Items--Expense (Income)                     0.4              1.3             1.6
Pro Forma Adjustments for Acquisitions                               1.8              0.8             0.3
--------------------------------------------------------------------------------------------------------------
Adjusted Net Income                                                 29.4             32.9            32.0
--------------------------------------------------------------------------------------------------------------
Net Income--Reported--Margin(%)                                      9.9              9.7             9.4
Net Income--Adjusted--Margin (%)                                    10.0             10.2             9.9
Weighted Average Diluted Shares                                     17.7             17.8            17.9
EPS--Reported                                                       1.54             1.73            1.68
--------------------------------------------------------------------------------------------------------------
EPS--Adjusted                                                       1.66             1.85            1.79
--------------------------------------------------------------------------------------------------------------
</TABLE>

Detail of Non-Recurring Items

<TABLE>
<CAPTION>
                                                                                                      LTM
(US$mm, except per share)                                           1999             2000          Apr. 2001
--------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>              <C>             <C>
Reported Non-Recurring Expenses (Income)

Inventory Step-up from Acquisitions                                  0.6              0.2             0.2

Evaluation of Strategic Alternatives                                  --              1.1             1.5
--------------------------------------------------------------------------------------------------------------
TOTAL REPORTED NON-RECURRING EXPENSES (INCOME)                       0.6              1.3             1.7
--------------------------------------------------------------------------------------------------------------
Effective Tax Rate (%)                                              35.8             36.7            37.0
--------------------------------------------------------------------------------------------------------------
After Tax Non-Recurring Expenses (Income)                            0.4              1.3             1.6
==============================================================================================================
</TABLE>

Detail of Pro Forma Adjustments

<TABLE>
<CAPTION>
                                             Effective                                                LTM
(US$mm, except per share)                      Date                 1999             2000          Apr. 2001
--------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>              <C>             <C>
EBITDA Adjustments
Whiting+Davis(1)                             6/30/00                 2.7              1.5             0.6

Perfect Fit Glove Co.(2)                     4/1/99                  1.4               --              --

SCHAS Industries Inc.(3)                     4/1/99                  0.8               --              --
--------------------------------------------------------------------------------------------------------------
Total EBITDA Adjustments for Acquisitions                            4.9              1.5             0.6
--------------------------------------------------------------------------------------------------------------
EBIT Adjustments

Whiting+Davis(1)                             6/30/00                 3.3              1.3             0.5

Perfect Fit Glove Co.(2)                     4/1/99                  0.3               --              --

SCHAS Industries Inc.(3)                     4/1/99                  0.3               --              --
--------------------------------------------------------------------------------------------------------------
Total EBIT Adjustments for Acquisitions                              3.9              1.3             0.5
--------------------------------------------------------------------------------------------------------------
Net Income Adjustments

Whiting+Davis(1)                             6/30/00                 1.4              0.8             0.3

Perfect Fit Glove Co.(2)                     4/1/99                  0.2               --              --

SCHAS Industries Inc.(3)                     4/1/99                  0.3               --              --
--------------------------------------------------------------------------------------------------------------
Total Net Income Adjustments for Acquisitions                        1.8              0.8             0.3
--------------------------------------------------------------------------------------------------------------
</TABLE>

SOURCE: Company SEC filings and internal reports

NOTES:

(1)   Includes amortization related to incremental goodwill of $9.5mm
(2)   Includes amortization related to incremental goodwill of $19.4mm and
      interest expense from borrowing related to acquisition financing
(3)   Includes amortization related to incremental goodwill of $14.4mm

[LOGO] UBS Warburg                                Section 3: Company Overview 13
<PAGE>

YTD April 2001 Variance Analysis: Budget & Historical
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                       YTD April 30, 2001                    YTD April 30, 2000
                            ------------------------------------------  ------------------------------
                                                           Variance                       Variance
(US$ mm)                      Actual          Budget          (%)        Pro Forma           (%)
------------------------------------------------------------------------------------------------------
<S>                            <C>            <C>            <C>            <C>             <C>
Revenue                        100.9          113.8          (11.3)         102.3           (1.3)
EBITDA(1)                       23.4           31.8          (26.4)          25.5           (8.1)
  EBITDA Margin (%)             23.2           27.9                          24.9
EBIT(1)                         16.5           24.5          (32.6)          18.8          (12.1)
  EBIT Margin (%)               16.4           21.4                          18.4
Net Income(1)                    9.0           13.9          (35.4)           9.9           (9.6)
  Net Income Margin (%)          8.9           12.2                           9.7
------------------------------------------------------------------------------------------------------
</TABLE>

NOTE:

(1)   Unaudited financial statements adjusted for non-recurring items

SOURCE: Company SEC filings and internal reports

[LOGO] UBS Warburg                                Section 3: Company Overview 14
<PAGE>

Bacou USA Stock Price History--Annotated--Latest 12 Months
--------------------------------------------------------------------------------

[Annotated Line Graph regarding Bacou USA's stock price history from
May 24, 2000 to May 24, 2001.]

SOURCE: FactSet

Annotations
--------------------------------------------------------------------------------
A       7/6/00    Completed acquisition of Whiting+Davis
B       7/10/00   Announced that the Company was seeking strategic alternatives
C       7/14/00   Announced engagement of DB
D       7/18/00   Reported all-time record sales and earnings (2Q 2000)
E       8/9/00    Completed Platinum Protective Products acquisition
F       10/17/00  Announced 6th consecutive quarter of record reporting results
G       12/15/00  Announced that the evaluation of strategic alternatives would
                  continue into 2001
H       12/20/00  Bloomberg reported rumor that Apax Partners would make a bid
                  of approx. $1 bn for Bacou SA
I       2/22/01   Thomas H. Lee & Co ended negotiations with Bacou SA
J       2/26/01   Released positive Q4 and full year 2000 results; reiterated
                  its evaluation of strategic alternatives
K       5/4/01    Reported Q1 2001 results
--------------------------------------------------------------------------------
SOURCE: Company press releases and Bloomberg News

Selected Statistics

Pre-Announcement(1), (2)

                                                                        (US$)
--------------------------------------------------------------------------------
Pre-announcement Price (7/7/00)                                         19.50
30 Day Average                                                          19.96
90 Day Average                                                          19.97
52 Week Average                                                         17.20
52 Week High (5/18/00)                                                  21.88
52 Week Low (2/25/00)                                                   14.56
--------------------------------------------------------------------------------

Latest Twelve Months(2),(3)

                                                                        (US$)
--------------------------------------------------------------------------------
Current Price (5/24/01)                                                 23.80
30 Day Average                                                          25.08
90 Day Average                                                          25.36
52 Week Average                                                         24.53
52 Week High (1/22/01)                                                  28.38
52 Week Low (6/28/00)                                                   18.00
--------------------------------------------------------------------------------
NOTES:
1     Statistics at or prior to July 7, 2000
2     Closing prices
3     Statistics at or prior to May 24, 2001


[LOGO] UBS Warburg                               Section 3: Company Overview  15
<PAGE>

Bacou USA Stock Price History--Since IPO in 1996
--------------------------------------------------------------------------------

[Annotated Line Graph regarding Bacou USA's stock price history from March 28,
1996 to May 24, 2001.]

SOURCE: FactSet

Selected Statistics

Since IPO (1)                                                           (US$)
--------------------------------------------------------------------------------
Latest (5/24/01)                                                        23.80
IPO Price (3/28/96)                                                     15.00
Average                                                                 18.69
Median                                                                  17.50
High (1/22/01)                                                          28.38
Low (3/23/99)                                                           12.38
--------------------------------------------------------------------------------
NOTE:
1   Closing prices except IPO price

Latest Twelve Months (1), (2)                                           (US$)
--------------------------------------------------------------------------------
Latest (5/24/01)                                                        23.80
30 Day Average                                                          25.08
52 Week Average                                                         24.53
52 Week High (1/22/01)                                                  28.38
52 Week Low (6/28/00)                                                   18.00
--------------------------------------------------------------------------------
NOTE:
1     Statistics at or prior to May 24, 2001
2     Closing prices


[LOGO] UBS Warburg                                Section 3 : Overview  16
<PAGE>

Bacou USA Stock Price Performance--Last Three Years
--------------------------------------------------------------------------------

Relative Share Price Performance

[Annotated Line Graph regarding Bacou USA's stock price performance from May 24,
1998 to May 24, 2001.]

SOURCE: FactSet

Pre-Announcement

Selected Statistics (1), (2)                                            (USS)
--------------------------------------------------------------------------------
Pre-announcement Price(7/7/00)                                          19.50
30 Day Average                                                          19.96
90 Day Average                                                          19.97
3 Year Average                                                          17.86
3 Year High (7/20/98)                                                   24.63
3 Year Low (3/23/99)                                                    12.38
--------------------------------------------------------------------------------

Current

Selected Statistics (2), (3)                                            (US$)
--------------------------------------------------------------------------------
Current Price (5/24/01)                                                 23.80
30 Day Average                                                          25.08
90 Day Average                                                          25.36
3 Year Average                                                          20.16
3 Year High (1/22/01)                                                   28.38
3 Year Low (3/23/99)                                                    12.38
--------------------------------------------------------------------------------
NOTES:
1     Statistics at or prior to July 7, 2000
2     Closing prices
3     Statistics at or prior to May 24, 2001


[LOGO] UBS Warburg                               Section 3: Company Overview  17
<PAGE>

Bacou USA--One Year Historical Price Performance
--------------------------------------------------------------------------------

Relative Share Price Performance

[Line Graph of Bacou USA's, Peer Group's, Sola International Inc.'s, Brady
Corp's, Federal Signal Corp.'s, Unifirst Corp.'s, Laundauer Inc.'s and Mine
Safety Appliances Co.'s stock price performance from May 24, 2000 to May 24,
2001.]

Source: FactSet


[LOGO] UBS Warburg                               Section 3: Company Overview  18
<PAGE>

Bacou USA--Three Year Historical Price Performance
--------------------------------------------------------------------------------

Relative Share Price Performance

[Line Graph of Bacou USA's, Peer Group's, Sola International Inc.'s, Federal
Signal Corp.'s, Unifirst Corp.'s, Laundauer Inc.'s and Mine Safety Appliances
Co.'s stock price performance from May 24, 1998 to May 24, 2001.]

Source: FactSet


[LOGO] UBS Warburg                               Section 3: Company Overview  19
<PAGE>

Shares Traded at Specific Prices
--------------------------------------------------------------------------------

[Bar Graph representing Bacou USA's stock trading volume from July 7, 1999 to
July 7, 2000 at specific price ranges: trading volume 90.6% of total trading
volume between $18.00 to $20.00 per share, 9.4% of total trading volume shares
between $20.01 and $22.00 per share and no trading volume $ prices higher than
$22.01 per share or higher.]

SOURCE: FactSet

[Bar Graph representing Bacou USA's stock trading volume from May 24, 2000 to
May 24, 2001 at specific price ranges: trading volume of 3.6% of total trading
volume shares between $18.00 and to $20.00 per share, 3.6% of total trading
volume between $20.01 and $22.00 per share, 17.0% of total trading volume
between $22.01 and $24.00 per share, 65.6% of total trading volume shares
between $24.01 and $26.00 per share, 8.8% of total trading volume between $26.01
and $28.00 per share and 1.4% between $28.01 and $30.00 per share.]

SOURCE    FactSet

o     Bacou USA shares did not close above $22.00 during the LTM period ended
      July 7, 2000

o     Approximately 90% of Bacou USA shares traded at prices less than US$26.00
      per share during the LTM period ended May 24, 2001


[LOGO] UBS Warburg                               Section 3: Company Overview  20
<PAGE>

Research Commentary
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                 12 Month
                                                               Price Target
Firm                             Recommendation       Date          ($)         Comments
------------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>               <C>               <C>        <C>
Deutsche Bank Securities         Strong Buy          3/2/01          29         None

Lehman Brothers                  Strong Buy         2/26/01          26         "Bacou continued to see strength from its safety
                                                                                and hand protection business, which each shared
                                                                                strong internal growth. Bacou's gross margin was
                                                                                strong but higher SG&A spending than our own
                                                                                estimate and slightly higher shares outstanding led
                                                                                to the $0.01 shortfall. Bacou USA continues to
                                                                                consider its strategic alternatives."

UBS Warburg                      Buy               11/14/00          26         None

A.G. Edwards                     Buy                6/16/00          27         "We continue to rate the shares of Bacou USA Buy
                                                                                for aggressive investors. Our $27 price objective
                                                                                represents a P/E multiple of 15X our 2000 EPS
                                                                                estimate of $1.80 and 13.5x our 2001 EPS estimate
                                                                                of $2.00, comfortably within Bacou's historical
                                                                                average trading range of 11x to 16x. Bacou's
                                                                                management team has displayed the ability to
                                                                                deliver upon a well-communicated and clearly
                                                                                focused vision. Specifically, it has been the
                                                                                intention of management from the outset to grow
                                                                                Bacou from basically a one-product enterprise into
                                                                                a full provider of personal protection for all
                                                                                areas of the head and body, as well as other safety
                                                                                equipment not worn on the body-for example, gas
                                                                                monitors."
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

SOURCE: Research reports from Deutsche Bank Securities, Lehman Brothers, UBS
Warburg and A.G. Edwards


[LOGO] UBS Warburg                               Section 3: Company Overview  21
<PAGE>

Ownership Summary
--------------------------------------------------------------------------------

Ownership Summary

                                                    Shares Owned
Owner Name                                             (OOOs)        % Ownership
--------------------------------------------------------------------------------
Bacou SA                                              12,612.6          71.34
--------------------------------------------------------------------------------
Brinson Partners, Inc.(1)                                930.5           5.26
First Pacific Advisors, Inc.                             530.8           3.00
David L. Babson & Company, Inc                           459.4           2.60
Dimensional FD Advisors, Inc.                            211.2           1.19
Paradigm Capital Management                              178.2           1.01
Other Institutions/Funds                               1,042.7           5.90
--------------------------------------------------------------------------------
Total Institutions/Funds                               3,352.8          18.97
--------------------------------------------------------------------------------
Walter Stepan                                            422.9           2.39
Philip B. Barr                                             5.1           0.03
Karl F. Ericson                                            6.0           0.03
Howard S. Leight                                          15.0           0.08
Alfred J. Verrecchia                                       0.5           0.00
Alan H. Bennett                                           10.0           0.06
John F. Burt, Jr.                                        287.2           1.62
--------------------------------------------------------------------------------
Total Insiders                                           746.7           4.22
--------------------------------------------------------------------------------
Other Shareholders                                       966.6           5.47
================================================================================
TOTAL BASIC SHARES OUTSTANDING(2)                     17,678.7         100.00
================================================================================

SOURCE: CDA Spectrum Shareholder Profile dated April 30, 2001 and Company
reports

NOTES:
1     An affiliate of UBS Warburg LLC
2     As of May 24, 2001


Ownership Profile

[Pie Chart representing ownership profile of Bacou USA: Bacou S.A. owns 71.34%,
Total Institutions/Funds own 18.97%, Total Insiders own 4.22% and other
Shareholders own 5.47% of Bacou USA's common stock.]


[LOGO] UBS Warburg                               Section 3: Company Overview  22

<PAGE>

Valuation Analyses
--------------------------------------------------------------------------------
SECTION 4

[LOGO] UBS Warburg

<PAGE>

Valuation Analysis at Proposed Transaction Price
--------------------------------------------------------------------------------

Transaction Value of Bacou USA at Proposed Transaction Price(1)

(US$mm, except per share)
---------------------------------------------------------
Proposed Transaction Price Per Share (US$)    28.50
Total Diluted Shares Outstanding (millions)   18.644
---------------------------------------------------------
                                               531.4
Less Option Proceeds                          (15.8)
=========================================================
TRANSACTION EQUITY MARKET VALUE                515.6
=========================================================
Plus Debt                                      115.3
Less Cash and Equivalents                     (16.8)
=========================================================
TRANSACTION ENTERPRISE VALUE                   614.0
=========================================================

Implied Valuation Multiples at Proposed Transaction Price (2)

                                 Variable
                                  (US$mm)    US$28.50
---------------------------------------------------------
TEV/LTM Pro Forma Revenue          322.5       1.9x
TEV/LTM Pro Forma EBITDA            78.5       7.8
TEV/LTM Pro Forma EBIT              58.6      10.5
EMV/LTM Pro Forma Net Income        32.0      16.1
---------------------------------------------------------

SOURCE: Company reports and SEC filings

NOTES:

1     Based on the Company's balance sheet as of April 30, 2001
2     Implied multiples based on the Company's adiusted pro forma operating
      results for the LTM period ended April 30, 2001
3     Implied multiples based on pro forma adjusted Bacou SA and Bacou USA
      consolidated operating results for fiscal year ended December 31, 2000
4     Based on Bacou SA's and the Company's respective balance sheets as of
      December 31, 2000
5     Represents European operations of Bacou SA

Transaction Values Compared (3), (4)

                                                Bacou     Bacou
                                  Bacou SA    France(5)    USA
------------------------------------------------------------------
Enterprise Value (US$mm)            780.5      139.7      640.8
TEV/ Pro Forma 2000 EBITDA (x)        7.0        4.5        8.0
TEV/ Pro Forma 2000 EBIT (x)          9.2        5.8       10.5
------------------------------------------------------------------

SOURCE: Bacou SA and Company reports; Company SEC filings

[LOGO] UBS Warburg


                                               Section 4: Valuation Analyses  24

<PAGE>
Comparable Public Companies Analysis

<TABLE>
<CAPTION>

($mm, except per share values)                     Total         Equity         LTM          LTM
                                    Stock Price  Enterprise       Market      EBITDA         EBIT
                                      5/24/01      Value          Value        Margin       Margin
Company Name                            ($)        ($mm)          ($mm)         (%)          (%)
-----------------------------------------------------------------------------------------------------
<S>                                    <C>        <C>          <C>            <C>          <C>
Brady Corporation (1)                  33.50        732.7        776.0         15.7         12.3
Federal Signal Corporation (2)         23.85      1,560.3      1,091.6         13.2         10.5
Landauer Inc. (3)                      28.40        247.0        249.5         49.3         41.1
Mine Safety Appliances Company (4)     29.70        471.1        404.3         12.9          8.0
Sola International Inc. (5)            13.25        550.5        317.1         16.2         11.0
UniFirst Corporation                   19.50        487.4        375.5         14.7          8.0
=====================================================================================================
Mean                                                674.8        535.7         20.3         15.2
Median                                              519.0        389.9         15.2         10.8
Harmonic Mean                                          na           na         16.3         11.1
High                                              1,560.3      1,091.6         49.3         41.1
Low                                                 247.0        249.5         12.9          8.0
=====================================================================================================
Bacou USA, Inc. (6) (9)                19.50        446.1        347.7         24.6         18.5
Bacou USA, Inc. (7) (9)                23.80        526.9        428.4         24.6         18.5
-----------------------------------------------------------------------------------------------------
Bacou USA, Inc. (8) (10)               28.50        614.0        515.6         24.3         18.2
-----------------------------------------------------------------------------------------------------
<CAPTION>
                                      Total Enterprise Value Multiples      P/E Multiples(11)
                                    -------------------------------------  -------------------
                                        LTM        LTM          LTM                                5-Year EPS
                                       Revenue    EBITDA        EBIT        LTM         2001E    GrowthRate (11)
Company Name                            (x)        (x)          (x)         (x)          (x)          (%)
----------------------------------------------------------------------------------------------------------------
<S>                                     <C>        <C>          <C>          <C>          <C>          <C>
Brady Corporation (1)                   1.32        8.4         10.7         18.2         16.8         15.0
Federal Signal Corporation (2)          1.41       10.7         13.5         18.8         16.2         11.0
Landauer Inc. (3)                       4.90        9.9         11.9         18.2         16.8          9.0
Mine Safety Appliances Company (4)      0.93        7.2         11.7         16.8           na           na
Sola International Inc. (5)             1.01        6.2          9.1         12.3         11.2         14.0
UniFirst Corporation                    0.90        6.1         11.1         17.2         15.7         10.0
================================================================================================================
Mean                                    1.74        8.1         11.4         16.9         15.4         11.8
Median                                  1.16        7.8         11.4         17.7         16.2         11.0
Harmonic Mean                           1.24        7.7         11.2         16.6         15.0         11.4
High                                    4.90       10.7         13.5         18.8         16.8         15.0
Low                                     0.90        6.1          9.1         12.3         11.2          9.0
================================================================================================================
Bacou USA, Inc. (6) (9)                 1.38        5.6          7.5         10.7          9.6         16.0
Bacou USA, Inc. (7) (9)                 1.63        6.6          8.8         13.2         11.7         16.0
----------------------------------------------------------------------------------------------------------------
Bacou USA, Inc. (8) (10)                1.90        7.8         10.5         16.1         14.0         16.0
----------------------------------------------------------------------------------------------------------------
</TABLE>

NOTES:

1     LTM financial statements adjusted for non-recurring charge of $4.3 million
      related to acquisition of the Critchely Group; not adjusted for the
      recurring expense related to process improvements and e-business
      initiatives of $7 million
2     Excluding restructuring charge of $3.8 million
3     Excluding inventory charge of $0.225 million and cost system replacement
      of $0.17 million
4     Excluding other income of $1.78 million and restructuring charge of $2.43
      million
5     Shares outstanding as of February 2, 2001; option schedule as of March 31,
      2000; excludes transition charges of $17.5 million, special charge of
      $87.8 million and inventory write-down of $32.0 million
6     Closing stock price taken one day before the July 10, 2000 announcement of
      the Company's intent to explore strategic alternatives
7     Based on closing price on May 24, 2001
8     Implied transaction value and multiples based on proposed transaction
      price
9     Bacou USA operating results are pro forma adjusted LTM as of March 31,
      2001 for the trading multiples
10    Bacou USA operating results are proforma adjusted LTM as of April 30, 2001
      for the transaction multiples
11    Median First Call earnings and growth estimates as of April 30, 2001

[LOGO] UBS Warburg


                                               Section 4: Valuation Analyses  25
<PAGE>
Comparable Transactions Analysis
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                             One day      One week    One month     Total       Equity
                                              Prior        Prior        Prior     Enterprise     Market        LTM   LTM EBITDA
                                  Annc.      Premium      Premium      Premium      Value        Value       Revenue   Margin
Acquirer/Target                   Date         (%)          (%)          (%)        ($mm)        ($mm)        ($mm)     (%)
-------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>          <C>           <C>          <C>        <C>          <C>          <C>       <C>
Tyco International Ltd.
  Scott Technologies Inc.(1)       2/5/01      (1.6)         3.2          2.5        418.5        401.7        267.5     20.1
Bacou USA, Inc.
  Howard S. Leight Associates (2) 2/27/98        na           na           na        122.2        120.0         46.5     24.1
Bacou USA, Inc.
  Comasec Holdings, Inc. (3)       5/3/97        na           na           na         27.0         27.4         30 3     12.5
Aearo Corporation
  Peltor AB                       5/30/96        na           na           na         81.2         86.0         40.5     31.7
Vestar Capital Partners
  Cabot Safety Corp (Aearo) (4)   6/14/95        na           na           na        203.5        200.2        194.3     16.1
Federal Signal Corp.
  Justrite Manufacturing Company   5/9/94        na           na           na         43.7         45.0         33.0     22.0
===============================================================================================================================
Mean                                           (1.6)         3.2          2.5        149.4        146.7        102.0     21.1
Median                                         (1.6)         3.2          2.5        101.7        103.0         43.5     21.0
Harmonic Mean                                    na           na           na           na           na           na     19.3
High                                           (1.6)         3.2          2.5        418.5        401.7        267.5     31.7
Low                                            (1.6)         3.2          2.5         27.0         27.4         30.3     12.5
===============================================================================================================================
Bacou USA (5) @ $28.50                                                               614.0        515.6        322.5     24.3
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
                                                                 Total Enterprise Value               Equity Market
                                                                         Multiples                  Value Multiples
                                                LTM Net   ------------------------------------   -----------------------
                                 LTM EBIT       Income        LTM          LTM          LTM          Net          Book
                                  Margin        Margin      Revenue       EBITD        EBIT         Income       Value
Acquirer/Target                     (%)           (%)         (x)          (x)          (x)          (x)          (x)
------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>          <C>          <C>          <C>         <C>           <C>          <C>
Tyco International Ltd.
  Scott Technologies Inc. (1)       17.3          9.7         1.56          7.8         9.1          15.6         3.75
Bacou USA, Inc.
  Howard S. Leight Associates (2)   22.4         21.5         2.63         10.9        11.7          12.0         9.21
Bacou USA, Inc.
  Comasec Holdings, Inc. (3)         9.7          4.9         0.89          7.1         9.2          18.6         2.52
Aearo Corporation
  Peltor AB                         23.8         17.4         2.00          6.4         8.4          12.2         5.31
Vestar Capital Partners
  Cabot Safety Corp (Aearo) (4)     10.1          4.0         1.05          6.5        10.4          25.9         4.99
Federal Signal Corp.
  Justrite Manufacturing Company    20.1         20.9         1.32          6.0         6.6           6.5         5.70
========================================================================================================================
Mean                                17.2         13.1         1.58          7.4         9.2          15.1         5.25
Median                              18.7         13.5         1.44          6.8         9.1          13.9         5.15
Harmonic Mean                       15.1          8.4         1.38          7.2         8.9          12.6         4.49
High                                23.8         21.5         2.63         10.9        11.7          25.9         9.21
Low                                  9.7          4.0         0.89          6.0         6.6           6.5         2.52
========================================================================================================================
Bacou USA (5) @ $28.50              18.2          9.9         1.90          7.8        10.5          16.1         2.32
------------------------------------------------------------------------------------------------------------------------
</TABLE>

NOTES:

1     Excludes a charge of $0.6 million, after tax, relating to the separation
      arrangements with former CEO and a charge of $0.6 million, after tax,
      relating to the review of strategic alternatives
2     Excludes an earnout provision which was not publicly disclosed
3     Income statement data as of December 31, 1996, balance sheet data as of
      March 31, 1997
4     LTM information based on 284 days of disclosed information and 81 days of
      pro-rata annual 1994 information due to limited disclosure
5     Based on LTM ended April 30, 2001 pro forma adjusted operating results

[LOGO] UBS Warburg


                                                Section 4: Valuaton Analyses  26

<PAGE>

Premiums Paid Analyses--Two Year Historical
--------------------------------------------------------------------------------

* The following analysis shows the premiums paid in selected precedent
  transactions(1)

<TABLE>
<CAPTION>

                                                                       Premium to Stock Price
                                                                                 (%)
                                                        --------------------------------------------------------
                                                           One Day             One Week            One Month
Summary of Premiums Paid          Number of Deals        Prior to Annc.      Prior to Annc.      Prior to Annc.
----------------------------------------------------------------------------------------------------------------
<S>                               <C>                   <C>                  <C>                 <C>
Deals Announced in LTM 2001
Control                                  24
   Mean/Median                                            38.8/42.3             50.2/56.6             49.9/53.8
   High/Low                                                74.7/2.1             97.2/11.8            111.1/(0.3)

 Minority Close-out                      13
   Mean/Median                                            41.9/46.3             48.4/42.7             49.1/43.1
   High/Low                                               85.5/(2.2)            108.2/2.3            134.4/10.0
Deals Announced in 2000
Control                                  31
   Mean/Median                                            36.3/34.5             48.1/55.3             52.7/55.3
   High/Low                                                81.7/0.9             104.0/9.6            130.3/(0.3)

Minority Close-out                       25
   Mean/Median                                            27.3/20.9             36.0/35.0             40.1/41.1
   High/Low                                               85.5/(6.5)           108.2/(5.1)             98.8/1.2

Deals Announced in 1999
Control                                  40
   Mean/Median                                            27.1/22.3             33.5/31.3             40.9/36.4
   High/Low                                               95.9/(3.6)           101.0/(6.3)            108.7/4.2

 Minority Close-out                      17
   Mean/Median                                            34.8/38.5             38.9/43.8             51.5/50.8
   High/Low                                                75.0/5.5             63.3/(1.5)           107.4/19.2
----------------------------------------------------------------------------------------------------------------
Implied Premium of Offer @ US$28.50 2                          46.2                  41.6                  34.9
----------------------------------------------------------------------------------------------------------------

</TABLE>

SOURCE: SDC

NOTES:
1     Premiums based on selected US public market acquisitions from 1/1/99 to
      5/24/01 for which premium information is available; US$25Omm--US$1,OOOmm
      deal size range (no range limitations for minority close-out
      transactions); 100% cash consideration; excludes transactions involving
      financial institutions and certain outlier transactions
2     Premiums calculated based on Bacou USA's closing stock prices one day, one
      week and one month (US$19.50, 20.13 and 21.13, respectively) prior to the
      Company's announcement on July 10, 2000 regarding the exploration of
      strategic alternatives

[LOGO] UBS Warburg


                                               Section 4: Valuation Analyses  27

<PAGE>

Comparable Public Companies Analysis --
Company Descriptions
--------------------------------------------------------------------------------
APPENDIX A

<PAGE>

Company Descriptions
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Brady Corporation       Brady Corporation develops, makes and sells stock and
                        customized products, including identification, labeling
                        and marking systems for electrical wires, pipes and
                        other objects; safety and instructional signs; and
                        specialized tapes used in audio, video and computer
                        applications. The company produces identification,
                        safety and graphics products that help customers create
                        safer work environments for their employees.

--------------------------------------------------------------------------------

Federal Signal
Corporation             Federal Signal Corporation is a manufacturer and
                        worldwide supplier of safety, signaling and
                        communications equipment, fire rescue products, street
                        sweeping and vacuum loader vehicles, parking control
                        equipment, custom on-premise signage, carbide cutting
                        tools, precision punches and related die components. The
                        company is comprised of four major operating groups:
                        Safety Products, Tool, Sign and Vehicle.

--------------------------------------------------------------------------------

Landauer Inc.           Landauer Inc. offers a service for measuring, primarily
                        through optically stimulated luminescent badges worn by
                        client personnel, the dosages of x-ray, gamma radiation
                        and other penetrating ionizing radiations to which the
                        wearer has been exposed. This technology is marketed
                        under the tradename, Luxel(R). While most of the
                        company's revenues are domestic, these services are also
                        marketed in the United Kingdom and Canada.

--------------------------------------------------------------------------------

Mine Safety Appliances
Company                 Mine Safety Appliances Company makes and sells safety
                        and health equipment, including respiratory protective
                        equipment, head, eye and face protection equipment,
                        hearing protectors, safety clothing, industrial
                        emergency care products, mining safety equipment, and
                        monitoring instruments. Principal products include
                        respiratory protective equipment that is air-purifying,
                        air-supplied and self-contained in design. The company
                        also produces instruments that monitor and analyze
                        workplace environments and control industrial processes.
                        Personal protective products include head, eye and face,
                        body and hearing protectors.

--------------------------------------------------------------------------------

      Appendix A: Comparable Public Companies Analysis--Company Descriptions  29

[LOGO] UBS Warburg

<PAGE>

Company Descriptions (continued)
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Sola International Inc.         Sola International Inc. designs, makes and
                                distributes a broad range of eyeglass lenses,
                                including single vision lenses, multifocal
                                lenses and plano lenses. It also produces a
                                variety of lens coatings, which mainly provide
                                scratch resistance and anti-reflection
                                properties. The company produces a variety of
                                lenses which address specific vision problems.

--------------------------------------------------------------------------------

UniFirst Corporation            In operation for almost 70 years, UniFirst
                                Corporation is one of the largest providers of
                                workplace uniforms and protective clothing in
                                the United States. The company rents, makes and
                                sells uniforms and protective clothing,
                                including shirts, pants, jackets, coveralls,
                                jumpsuits, lab coats, smocks and aprons, and
                                also rents industrial wiping products, floormats
                                and other non-garment items, to a variety of
                                manufacturers, retailers and service companies.
                                The company services well over 100,000 customer
                                locations in 45 states, Canada and Europe from
                                136 manufacturing, distribution and customer
                                service facilities.

--------------------------------------------------------------------------------

[LOGO] UBS Warburg


      Appendix A: Comparable Pubic Companies Analysis--Company Descriptions   30

<PAGE>

Comparable Transactions Analysis--
Target Descriptions
--------------------------------------------------------------------------------
APPENDIX B

[LOGO] UBS Warburg

<PAGE>

Target Company Descriptions
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Scott Technologies Inc.         Scott Technologies Inc. makes and sells
                                protective breathing and oxygen equipment and
                                instruments and sophisticated electronic
                                systems. The company is comprised of two
                                reporting segments: Scott Aviation and
                                Interstate Electronics Corp. (IEC). Scott
                                Aviation is a leading manufacturer of life
                                support respiratory products in two business
                                units: health and safety; and aviation and
                                government. IEC provides a variety of
                                high-technology equipment.

                                Through its Scott Aviation division, the company
                                makes the Scott Air Pak and other life support
                                products for fire fighting and personal
                                protection against industrial contaminants. The
                                air-purifying products provide protection
                                against environmental and safety hazards.
                                Products include protective breathing equipment,
                                pilot and crew oxygen masks plus emergency
                                oxygen for passengers on commercial, government
                                and private aircraft. Scott Aviation also makes
                                instruments to detect the presence of
                                combustible or toxic gases and the low oxygen
                                levels.

--------------------------------------------------------------------------------

Howard S. Leight Associates     Howard S. Leight Associates sells a full range
                                of hearing protection products including
                                disposable and reusable ear plugs banded hearing
                                protectors and ear muffs, which reduce the risk
                                of long-term hearing loss from exposure to
                                excessive noise levels. As a complement to the
                                hearing protection devices, the company has
                                expanded the product line to include radio/cell
                                phone compatible devices.

                                The company's Max(R), Max-Lite(R) and
                                Multi-Max(TM) foam ear plugs combine high noise
                                reduction ratings along with hygiene and
                                comfort. Airsoft(TM) and Quiet(TM) reusable ear
                                plugs insure hygiene and comfort while providing
                                cost-savings for employers. Howard S. Leight
                                Associates pioneered banded hearing protectors,
                                and its Opti-Muff(TM) products combine safety
                                eyewear and hearing protection in a single
                                product.

--------------------------------------------------------------------------------

Comasec Holdings, Inc
(Survivair, Inc.)               Survivair, Inc. manufactures and sells (i)
                                self-contained breathing apparatus for
                                industrial and fire protection applications, as
                                well as air line respirators that provide an
                                independent source of breathable air for workers
                                in atmospheres immediately dangerous to their
                                lives or health; (ii) other supplied air
                                respirators, including air line work units to
                                connect workers to a remote air supply and
                                escape units for emergency deployment in
                                confined spaces, and (iii) full face and half
                                mask air purifying respirators as well as hazard
                                specific cartridges and filters. Survivair
                                markets its products under the Survivair(R) and
                                Pro-Tech(R) brand names.

--------------------------------------------------------------------------------

[LOGO] UBS Warburg


           Appendix B: Comparable Transactions Analysis--Target Descriptions  32


<PAGE>

Target Company Descriptions (continued)
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Peltor AB                       Peltor AB manufactures, assembles and sells a
                                broad line of ear muffs, hard caps/visors, noise
                                attenuation headsets and wireless and hardware
                                communication headsets. Peltor's products serve
                                a variety of end user markets: construction,
                                heavy machinery, airport, forestry, textile and
                                mining. Peltor is based in Varnamo, Sweden and
                                has manufacturing facilities in Sweden, Rhode
                                Island and Germany.

--------------------------------------------------------------------------------


Cabot Safety Corporation
(Aearo)                         Cabot Safety Corporation manufactures and sells
                                personal safety equipment, as well as energy
                                absorbing, vibration damping, and impact
                                absorbing products for industrial noise control
                                and environmental enhancement. Included in
                                personal safety equipment are hearing
                                protection, safety eyewear, and respiratory
                                equipment sold to industrial, consumer and
                                healthcare markets. The company is headquartered
                                in Southbridge, Massachusetts. Sales are made
                                worldwide through sales representatives and
                                distributors and directly by company employees.

--------------------------------------------------------------------------------

Justrite Manufacturing Company  Justrite Manufacturing Company's products are
                                specifically designed to help workers store,
                                transfer, use, and dispose of hazardous
                                materials. The company's corporate office
                                operates out of Des Plaines, IL with its
                                manufacturing location in Mattoon, IL. The
                                company offers a full range of safety devices
                                which can be categorized into two major areas:
                                fire prevention safety products and
                                environmental protection hazmat products.
                                Products meet applicable OSHA regulations and/or
                                EPA regulations.

[LOGO] UBS Warburg


            Appendix B: Comparable Transactons Analysis--Target Descriptions  33


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(3)
<SEQUENCE>4
<FILENAME>a2054873zex-99_c3.txt
<DESCRIPTION>EXHIBIT 99(C)(3)
<TEXT>
<Page>

                                                                EXHIBIT 99(c)(3)

               COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

<Table>
<Caption>

                                                     1999         2000        03/31/01
                                                   --------     --------      --------
<S>                                                <C>          <C>           <C>
Earnings
      Pre-tax income                               $ 42,355     $ 48,813      $ 10,636
      Fixed charges                                $  8,880     $ 10,118      $  2,164
      Amortization of capitalized interest         $     --     $      1      $      1
      Interest capitalized                         $     --     $   (102)     $     --

      Total Earnings                               $ 51,235     $ 58,830      $ 12,801
                                                   ========     ========      ========

Fixed Charges
      Interest expense                             $  8,496     $  9,632      $  2,068
      Interest capitalized                         $     --     $    102      $     --
      Estimated interest within rental expense     $    384     $    384      $     96

      Total Fixed Charges                          $  8,880     $ 10,118      $  2,164
                                                   ========     ========      ========

 Ratio of Earnings to Fixed Charges                    5.77         5.81          5.92
                                                   ========     ========      ========
</Table>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(4)
<SEQUENCE>5
<FILENAME>a2054873zex-99_c4.txt
<DESCRIPTION>EXHIBIT 99(C)(4)
<TEXT>
<Page>

                                                                EXHIBIT 99(c)(4)

                       Preliminary Outline of Dalloz Deal


                                 March 27, 2001

1.   Price

      o     Equity value of Bacou USA and Bacou SA totals approximately $602
            million at current exchange rates (7.3516 FRF per US$1.0), broken
            down as follows assuming $27 per share for Bacou USA:

            o     $150.2 million to US minority and optionholders

            o     $340.5 million to Bacou SA shareholders in respect of Bacou
                  USA shares held by Bacou SA

            o     $111.1 million to Bacou SA shareholders in respect of Bacou SA
                  shares excluding value of Bacou USA

      o     Bacou USA minority shareholders to receive "price determined in good
            faith between the parties and with a view to obtaining Bacou USA
            special committee recommendation of such price."

      o     Any amount in excess of $25 per share will reduce the amount payable
            to the shareholders of Bacou SA.

      o     Price payable to minority shareholders expected to be more than $25,
            not more than $28. At $27, total cash payable to minority
            shareholders would be approximately $150.2 million.

<Page>

Preliminary Outline of Dalloz Deal
March 27, 2001


      o     Total enterprise value of Bacou SA and Bacou USA at today's FRF/US$
            exchange rate is approximately US$806 million, versus US$788 million
            in Norcross deal and US$774 million in KKR deal.

2.    Form of Consideration

      o     Total cash in deal (all debt) for purchase of Bacou USA minority
            ownership interests is $150.2 million assuming a purchase price of
            $27 per share.

      o     Total cash in deal (debt and equity) for purchase of Bacou SA
            ownership interests is FRF 2070 million, or approximately $281.6
            million at today's exchange rate.

            o     Vandeputtes to receive cash (approximately $115.6 million)

            o     Bacou family and other Bacou SA shareholders to receive
                  remaining cash (approximately $166.0 million)

      o     The balance of the purchase price is to be paid to Bacou SA
            shareholders in Dalloz shares valued at E78.6 (current market price
            approximately E84), subject to a proposed three year lockup except
            possible secondary offering of up to FRF 500 million (approximately
            $68.0 million) in September '01, subject to pro rata cutback with
            simultaneous FRF 1.0 billion primary offering.

            o     Before any secondary or primary offerings by Dalloz, the
                  payment in Dalloz shares would result in ownership by the
                  current Bacou SA shareholders of approximately 38% of the
                  value of the outstanding Dalloz shares with a voting influence
                  of 30%, making them the largest shareholding group in
                  Christian Dalloz SA. If the primary and secondary offerings
                  were successfully consummated, the percentages would reduce to
                  18% and 15%, respectively.


                                      -2-
<Page>

Preliminary Outline of Dalloz Deal
March 27, 2001


            o     Before the primary and secondary offerings, the holdings of
                  Essilor and Mrs. Dalloz constitute economic value of 14% and
                  15%, respectively, and hold voting interests of 21% and 23%,
                  respectively.

      o     Philippe Bacou and Mrs. Dalloz would Co-Chair the Board of Directors
            of the new entity, to be named Bacou Dalloz SA. Philippe also would
            be the Chairman of the Strategic Committee of the Board, its most
            powerful committee.

3.    Deal Structure and Timing

      o     US minority to be taken out with self-tender or merger, financed by
            bank debt, with timing of this part of the transaction depending on
            bank financing conditions.

            o     If financing can be arranged, self-tender will not be
                  contingent on closing of overall deal. Self-tender would be
                  launched at announcement of deal, likely to be mid-May, with
                  closing of self-tender mid-June.

            o     If financing requires both deals to close simultaneously, then
                  self-tender or merger would be dependent on closing of overall
                  deal. Again, announcement at time of deal announcement but
                  closing probably would not occur until mid-June at the
                  earliest, more likely end of June or even mid-July.

      o     Cash for Vandeputtes and Bacou SA shareholders at closing to be
            provided by bank debt and equity from private placement, Dalloz
            shareholders and Christian Dalloz SA.

4.    Additional Considerations

      o     Due to the fact that this is a merger rather than a sale, it is
            likely that the letter agreement between the Bacou family and Bacou
            USA will need to be amended. Dalloz has indicated that it is not
            willing to register its shares (or ADRs) in the US,


                                      -3-
<Page>

Preliminary Outline of Dalloz Deal
March 27, 2001


            and therefore the form of consideration payable to the US minority
            shareholders must be cash only, rather than stock and cash.




                                      -4-

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(5)
<SEQUENCE>6
<FILENAME>a2054873zex-99_c5.txt
<DESCRIPTION>EXHIBIT 99(C)(5)
<TEXT>
<Page>

                                                                Exhibit 99(c)(5)

Strictly private & confidential
--------------------------------------------------------------------------------

Project Sauvegarde

Discussion materials

May 29, 2001

Deutsche Banc Alex. Brown represents the Investment Banking activities of
Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd. (Canada).
Deutsche Banc Alex. Brown Inc. and Deutsche Bank Securities Ltd. are
subsidiaries of Deutsche Bank AG.


Deutsche Banc Alex. Brown
                          Deutsche Bank [LOGO]
<PAGE>

Strictly private & confidential
--------------------------------------------------------------------------------

The accompanying material was compiled on a confidential basis for use solely by
the Board of Directors of Bacou USA, Inc. (or the "Company") in evaluating the
transaction referred to herein and not with a view to public disclosure or
filing thereof under the Securities Act of 1933 or the Securities Exchange Act
of 1934 (together the "Federal Securities Laws"). This material was prepared
specifically for use by the Board of Directors of the Company and was not
prepared to conform with the disclosure standards under the Federal Securities
Laws. Neither the Company nor Deutsche Banc Alex. Brown Inc. ("Deutsche Bank")
nor any of its respective officers, directors, employees, affiliates, advisors,
agents or representatives warrants the accuracy or completeness of any of the
materials set forth herein. Nothing contained in the accompanying materials is,
or shall be relied upon as, a promise or representation as to the past or the
future.

It should be understood that any valuations and/or estimates or projections
contained in the accompanying materials were prepared or derived from
information supplied by the Company or derived from other public sources,
without any independent verification by Deutsche Bank, and involve numerous and
significant subjective determinations by the Company, which may or may not be
correct. Accordingly, no representation or warranty can be made or is made by
Deutsche Bank as to the accuracy or achievability of any such valuations and/or
estimates or projections.


Deutsche Banc Alex. Brown
                          Deutsche Bank [LOGO]
<PAGE>

--------------------------------------------------------------------------------

<Table>
<Caption>
Contents

Section
<S>                                                                           <C>
    1 Transaction summary                                                      1

    2 Overview of the offer for Groupe Bacou                                   6

    3 Process overview                                                        10

    4 Overview of Christian Dalloz SA                                         14
</Table>


Deutsche Banc Alex. Brown
                          Deutsche Bank [LOGO]
<PAGE>

Transaction summary                                                    Section 1
--------------------------------------------------------------------------------

Section 1

Transaction summary


Deutsche Banc Alex. Brown                                                      1
                          Deutsche Bank [LOGO]
<PAGE>

Transaction summary                                                    Section 1
--------------------------------------------------------------------------------

Transaction summary

Transaction:      o     Pursuant to various Share Purchase Agreements, all of
                        the shares of Bacou S.A. and Engineering Henry Bacou
                        ("EHB") shall be purchased, resulting in the ownership
                        of the entire equity interest of both companies by
                        Christian Dalloz ("Dalloz") ("the Transaction")

                  o     Upon consummation of such share purchases by Dalloz, the
                        company shall be renamed Bacou-Dalloz

                  o     In connection with the Transaction, the common shares
                        and options of Bacou USA, Inc. not held by Bacou S.A.
                        will receive cash consideration on the basis of $28.50
                        per share

Consideration:    o     The Bacou S.A. and EHB share interests will be sold for
                        cash, stock, or a combination thereof, depending on the
                        seller of such share interest, such that in the
                        aggregate, the consideration received on sale will be
                        approximately $441 million, consisting of $270 million
                        cash, and $171 million Dalloz shares, representing
                        approximately 38% of the share interest in Dalloz on a
                        pro-forma basis


Deutsche Banc Alex. Brown                                                      2
                          Deutsche Bank [LOGO]
<PAGE>

Transaction summary                                                    Section 1
--------------------------------------------------------------------------------

Transaction summary (continued)

Key Conditions:          o    Regulatory approval including U.S. and European
                              anti-trust authorities

                         o    Actions with respect to the merger between Bacou
                              U.S.A., Inc. and a wholly-owned subsidiary of
                              Dalloz, Inc. to be taken

                         o    Covenants to conduct business in the ordinary
                              course

                         o    Receipt of waiver from Conseil des Marches
                              Financiers

                         o    Funding pursuant to financing commitments

Shareholder Agreements:  o    Agreements by and among members of the Bacou
                              family, Ms. Dalloz, Essilor, and Sauvegarde LLC,
                              including agreements on the restriction on sale of
                              Dalloz shares


Deutsche Banc Alex. Brown                                                      3
                          Deutsche Bank [LOGO]
<PAGE>

Transaction summary                                                    Section 1
--------------------------------------------------------------------------------

Transaction summary (continued)

Other Agreements:       o     Shareholder support agreements to vote in favor of
                              Transaction

                        o     Support agreement causing Financiere Christian
                              Dalloz to vote in favor of Transaction in
                              shareholder meeting at Dalloz, subject to receipt
                              of favorable report of auditors with regard to
                              exchange ratio and valuations

Timing:                 o     Announcement scheduled for May 30, 2001; targeted
                              closing, late July

Termination Date:       o     December 31, 2001, unless extended


Deutsche Banc Alex. Brown                                                      4
                          Deutsche Bank [LOGO]
<PAGE>

Transaction summary                                                    Section 1
--------------------------------------------------------------------------------

Transaction consideration

o     The negotiated value of the Groupe Bacou total equity was agreed at a
      three to one parity with Dalloz equity market capitalization based on a
      Dalloz nominal share price of Euro 77, resulting in an equity value for
      the Groupe Bacou of $596.9 million

o     The enterprise value of each of Bacou USA and the other Bacou businesses
      can be split as follows, based on negotiated price of $28.50 per share for
      the public minority shares of Bacou USA

                        Enterprise value of Bacou USA(1)
--------------------------------------------------------------------------------
(US $ in millions, except per share data)
Outstanding shares                                                        18.6m
Share price (in $)                                                      $ 28.50
Bacou USA equity value(2)                                               $515.6

Bacou USA net debt (as of March 31, 2001)                               $106.3

Bacou USA enterprise value                                              $621.9

                     Enterprise value of Bacou Europe(1)(3)
--------------------------------------------------------------------------------

Total equity value                                                      $ 596.9
Bacou USA equity value                                                   (515.6)
Bacou Europe equity value                                               $  81.3

Bacou Europe net debt (as of Dec. 31, 2000)                             $  65.4

Bacou Europe enterprise value                                           $ 146.8

<TABLE>
<CAPTION>
                                          Total enterprise value of Bacou
------------------------------------------------------------------------------------------------------
Bacou USA enterprise value     Bacou Europe enterprise value     Assumed expenses    Transaction value
--------------------------     -----------------------------     ----------------    -----------------
<S>                     <C>     <C>                       <C>        <C>                   <C>
 $621.9                 +       $146.8                    +          $ 25.7                $794.4
</TABLE>

(1)   Excludes any assumed expenses.
(2)   Including $15.8m proceeds of stock options exercise.
(3)   Using currency conversion rates of 7.3 FRF / USD (1.113 EUR/USD) to
      convert Bacou USA values where applicable


Deutsche Banc Alex. Brown                                                      5
                          Deutsche Bank [LOGO]
<PAGE>

Overview of the offer for Groupe Bacou                                 Section 2
--------------------------------------------------------------------------------

Section 2

Overview of the offer for Groupe Bacou


Deutsche Banc Alex. Brown                                                      6
                          Deutsche Bank [LOGO]
<PAGE>

Overview of the offer for Groupe Bacou                                 Section 2
--------------------------------------------------------------------------------

Overview of ownership structure - Groupe Bacou and Christian Dalloz

                          Bacou group current structure
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
<S>                         <C>         <C>             <C>                 <C>
------------------------    40%
     Sauvegarde LLC      ---------|
------------------------          |
                                  |
------------------------    40%   |    ----------       --------------      -------------
          HOBAR          ---------|---- Holdings         Bacou Family ----->     EHB
------------------------          |    ----------       -------------- 100% -------------
                                  |         | 41%            3%               56% |
------------------------    20%   |         |                 |                   |
Protection Participation ---------|         --------------------------------------
------------------------                                      |
                                                              v
                                                        --------------      -------------
                                                           Bacou SA          Public (US)
                                                        --------------      -------------
                                                              | 71%               | 29%
                                                              |                   |
                                                              --------------------|
                                                                                  v
                                                                            -------------
                                                                              Bacou USA
                                                                            -------------
</TABLE>

                    Christian Dalloz group current structure
--------------------------------------------------------------------------------

     ----------------                   ---------
      Ginette Dalloz                     Essilor
     ----------------                   ---------
            |                               |
            | 61%                 39%       |
            --------------------------------|
                           |                |
                           |                |
                           v                |
                   -------------------      |            --------
                    Financiere Dalloz       |             Public
                   -------------------      |            --------
                           |                |                |
                           | 50%            | 11%        39% |
                           -----------------|----------------
                                            |
                                            v
                                  ---------------------
                                   Christian Dalloz SA
                                  ---------------------


Deutsche Banc Alex. Brown                                                      7
                          Deutsche Bank [LOGO]
<PAGE>

Overview of the offer for Groupe Bacou                                 Section 2
--------------------------------------------------------------------------------

Bacou-Dalloz' shareholders post-transaction

                     Shares    Economic interest      Votes      Voting interest
                   ---------   -----------------    ---------    ---------------
Bacou family       2,329,224         37.6%          2,329,224         29.1%
Essilor            1,152,664         18.6%          2,046,342         25.6%
Public             1,130,548         18.3%          1,144,445         14.3%
Ginette Dalloz       998,555         16.1%          1,910,456         23.9%
Private investors    435,569          7.0%            435,569          5.4%
Sauvegarde LLC       141,600          2.3%            141,600          1.8%
Total              6,188,160        100.0%          8,007,636        100.0%


Deutsche Banc Alex. Brown                                                      8
                          Deutsche Bank [LOGO]
<PAGE>

Overview of the offer for Groupe Bacou                                 Section 2
--------------------------------------------------------------------------------

Sources and uses of funds

                                Sources of funds
--------------------------------------------------------------------------------

  ($ in millions)
  Cash:
    Revolving credit facility                                             $ 33.4
    Term loan 1 - A                                                        212.3
    Term loan 1 - B                                                         32.1
    Term loan 2                                                            160.5
    Term loan 3                                                            109.6
      Total debt                                                          $547.9

    Cash on hand                                                          $ 21.3

  Equity financing
    Share purchase by Mrs. Dalloz/Financiere Dalloz                       $  9.6
    Share purchase by Essilor                                               17.8
    Share purchase by 3rd party investors - private placement               30.1
      Sub-total                                                           $ 57.5
                                                                          ------
    Total cash sources                                                    $626.7

Equity issuance:
  Shares of Dalloz issued to sellers in exchange                          $171.0
    for SA and EHB shares

                                                                          ------
Total sources                                                             $797.7
                                                                          ------

                                  Uses of funds
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
($ in millions)
Cash:                                                  Debt     Equity     Other     Total
                                                      ------    ------    ------    ------
<S>                                                   <C>       <C>       <C>       <C>
  Bacou USA
    Purchase of minority interest                               $144.4              $144.4
    Purchase of options, net of exercise price                    11.7                11.7
    Signing bonus obligation                                                 4.4       4.4
    Refinance existing indebtedness                    109.6                         109.6

  Bacou SA, EHB
    Purchase of SA shares                                        182.4               182.4
    Purchase of EHB shares                                        33.7                33.7
    Purchase of Dalloz shares received in exchange                53.8                53.8
      for SA, EHB interests
    Refinance Bacou SA, EHB indebtedness                65.4                          65.4

Other transaction expenses                                                  21.3      21.3

                                                      ------    ------    ------    ------
     Total cash applications                          $175.0    $426.0    $ 25.7    $626.7

Equity issuance:
  Shares of Dalloz issued in exchange                           $171.0              $171.0
    for SA and EHB shares

                                                      ------    ------    ------    ------
Total uses                                            $175.0    $596.9    $ 25.7    $797.7
                                                      ------    ------    ------    ------
</TABLE>


Deutsche Banc Alex. Brown                                                      9
                          Deutsche Bank [LOGO]
<PAGE>

Process overview                                                       Section 3
--------------------------------------------------------------------------------

Section 3

Process overview


Deutsche Banc Alex. Brown                                                     10
                          Deutsche Bank [LOGO]
<PAGE>

Process overview                                                       Section 3
--------------------------------------------------------------------------------

Process summary

Parties contacted                                                            130
Information memoranda sent                                                    87
Indications of interest received                                              28
Management presentations / detailed diligence reviews                         10


Deutsche Banc Alex. Brown                                                     11
                          Deutsche Bank [LOGO]
<PAGE>

Process overview                                                       Section 3
--------------------------------------------------------------------------------

Key events to date

<TABLE>
<CAPTION>
                                           Date                               Key events
                                     ------------------      -------------------------------------------
<S>                                  <C>                     <C>
                                     July 14, 2000           Announcement of engagement of Deutsche Bank
                                                             to evaluate strategic alternatives

                                     August 5, 2000          Information memoranda sent

                                     September 11, 2000      First round bids received

                                     September 25, 2000      Begin US management presentations

                                     September 27, 2000      Begin data room and site visits

                                     October 9, 2000         Begin France management presentations

                              ^      November 21, 2000       Second round offer from Finalist 1
                              |                              Second round offer from Finalist 2
                              |
                              |      December 15, 2000       Finalist 1 revised offer
                              |
                              |      December 21, 2000       Finalist 1 revised offer
Discussions with              |
Finalist 1 & Finalist 2       |      January 7, 2001         Finalist 2 revised offer
                              |
                              |      January 12, 2001        Finalist 1 revised offer
                              |
                              |      January 15, 2001        Finalist 2 revised offer
                              |
                              v      January 17, 2001        Finalist 1 exclusivity agreement executed
</TABLE>


Deutsche Banc Alex. Brown                                                     12
                          Deutsche Bank [LOGO]
<PAGE>

Process overview                                                       Section 3
--------------------------------------------------------------------------------

Key events to date (continued)

<TABLE>
<CAPTION>
                                           Date                               Key events
                                     -----------------------------------------------------------------------
<S>                                  <C>                     <C>
                                     February 9, 2001        Termination of Finalist 1 exclusivity agreement

                              ^      February 21, 2001       First discussions and offer from Finalist 3
                              |
                              |      March 23, 2001          Revised offer from Finalist 3
Discussions with Finalist 3   |
                              |      March 26, 2001          Exclusivity agreement signed with Finalist 3
                              |
                              v      May 2, 2001             Exclusivity period with Finalist 3 extended
</TABLE>


Deutsche Banc Alex. Brown                                                     13
                          Deutsche Bank [LOGO]
<PAGE>

Overview of Christian Dalloz SA                                        Section 4
--------------------------------------------------------------------------------

Section 4

Overview of Christian Dalloz SA


Deutsche Banc Alex. Brown                                                     14
                          Deutsche Bank [LOGO]
<PAGE>

Overview of Christian Dalloz SA                                        Section 4
--------------------------------------------------------------------------------

Dalloz overview

                              Business description
--------------------------------------------------------------------------------

o     A specialist in shielding working people from danger on the job, the group
      comprises three strategic lines of business:
      -     protection of the head (respiratory, hearing and eye)
      -     protection against falls
      -     polycarbonate sunlenses
o     The Group is mainly present in the North American and European markets and
      also does business in South America, and the Asia-Pacific region through a
      network of distributors
o     The group's development strategy has three components:
      -     concentrate on technological innovation so that the company's
            product lines are renewed more rapidly
      -     lower its break-even point by adapting their manufacturing
            facilities
      -     making acquisitions to strengthen its presence in world markets

                              Business segmentation
--------------------------------------------------------------------------------

    [The following table was depicted as a pie chart in the original text.]

Sun lenses         4%
Manufacturing     96%

Source: Company's estimates

                         Breakdown of sales by products
--------------------------------------------------------------------------------

    [The following table was depicted as a pie chart in the original text.]

Hearing           13%
Respiratory       17%
Eye / Face        19%
Fall              51%

Source: Company's estimates

                     Breakdown of sales by geographic area
--------------------------------------------------------------------------------

    [The following table was depicted as a pie chart in the original text.]

France             7%
ROW                7%
West Europe       32%
USA / Canada      54%

Source: Company's estimates


Deutsche Banc Alex. Brown                                                     15
                          Deutsche Bank [LOGO]
<PAGE>

Overview of Christian Dalloz SA                                        Section 4
--------------------------------------------------------------------------------

Dalloz overview (continued)

                             Main milestones
--------------------------------------------------------------------------------

o     1957: Dalloz is founded by M. Christian Dalloz. The company is initially a
      supplier of injection-molded plastic industrial parts
o     1980s: the Company becomes the leading producer of injection-molded
      eyewear, notably sun-glasses
      1986: - flotation on the Second Marche of the French Stock Exchange
            - introduction of a protective eyewear line
      1989: - protective eyewear line accounts for 60% of consolidated sales
            - acquisition of Wilson Safety Corp, their US distributor
o     May 1991 : accidental death of Christian Dalloz
o     1991-2001: annual sales triple through organic business growth and thanks
      to seven acquisitions including WGM Safety (US), Bilson (Sweden), Pulsafe
      Safety Products (GB eye protection market leader), Komet (France) and Soll
      (Germany)

                              Key financial figures
--------------------------------------------------------------------------------

(Euros in millions)                               1998A       1999A       2000A
                                                 -------------------------------
Sales                                             182.7       182.3       256.5

EBITDA                                             34.9        30.0        47.8
EBIT                                               29.3        24.4        39.8
% EBIT/Sales                                         16%         13%         16%
Net Income                                          7.4         9.6        15.5

Equity                                            115.5       135.0       148.3
Net Debt                                           21.1        15.7        54.8
Net Debt/Equity                                    18.2%       11.6%       36.9%

                             Shareholding structure
--------------------------------------------------------------------------------

     ----------------                   ---------
      Ginette Dalloz                     Essilor
     ----------------                   ---------
            |                               |
            | 61%                 39%       |
            --------------------------------|
                           |                |
                           |                |
                           v                |
                   -------------------      |            --------
                    Financiere Dalloz       |             Public
                   -------------------      |            --------
                           |                |                |
                           | 50%            | 11%        39% |
                           -----------------|----------------
                                            |
                                            v
                                  ---------------------
                                   Christian Dalloz SA
                                  ---------------------

Source: Company's data

                                  Liquidity of
                                Dalloz share(1)
--------------------------------------------------------------------------------

Last twelve months                                                         4.47%
LTM -1                                                                     7.97%
LTM -2                                                                     7.46%

                          Dalloz selected market data

Equity value (Euros)                                                      239.5
Enterprise value (Euros)                                                  291.8

Enterprise value / EBITDA                                                  6.2x
2001E P/E                                                                  9.9x

(1)   Cumulative monthly average traded volume divided by floating shares.

Source: Deutsche Bank

                     Dalloz one year share price performance
--------------------------------------------------------------------------------

                            [MOUNTAIN GRAPH OMITTED]

Source: Datastream


Deutsche Banc Alex. Brown                                                     16
                          Deutsche Bank [LOGO]
<PAGE>

Overview of Christian Dalloz SA                                        Section 4
--------------------------------------------------------------------------------

2000 summary financial data

(Figures in millions, as reported)                             USD/
                  Dalloz     Groupe Bacou     Combined(1)      FRF   Combined(1)
              -------------  -------------  --------------     ----  -----------
Revenue       FRF 1,683 28%  FRF 4,236 72%  FRF 5,919 100%     7.15      $828
Gross profit        763 31%      1,691 69%      2,454 100%     7.15       343
Net income          102 28%        261 72%        363 100%     7.15        51

Total assets      1,852 31%      4,211 69%      6,064 100%     7.05      $860
Debt                479 26%      1,350 74%      1,829 100%     7.05       259
Equity            1,008 32%      2,123 68%      3,131 100%     7.05       444

(1)   Not reflective of accounting adjustments related to the transaction


Deutsche Banc Alex. Brown                                                     17
                          Deutsche Bank [LOGO]
<PAGE>

Overview of Christian Dalloz SA                                        Section 4
--------------------------------------------------------------------------------

Bacou USA stock price performance - IPO to present

                            [MOUNTAIN GRAPH OMITTED]

 (1)   6/7/96    Passing of Henri Bacou.
 (2)   7/2/96    Philippe Bacou appointed Chairman.
 (3)   4/14/98   Harriet Baldwin initiated research with "Strong Buy."
 (4)   7/20/98   General decline in financial markets.
 (5)   7/23/98   Started trading on the NYSE.
 (6)   11/3/98   Forbes ranked Bacou USA among 200 best small companies.
 (7)   7/10/00   Hired investment bankers to consider strategic alternatives.
 (8)   8/9/00    Completed acquisition of Platinum Protective Products.
 (9)   12/15/00  Extended time frame for possible sale into first quarter of
                 2001.
(10)   5/4/01    Announcement of Q1 2001 earnings.


Deutsche Banc Alex. Brown                                                     18
                          Deutsche Bank [LOGO]


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(6)
<SEQUENCE>7
<FILENAME>a2056932zex-99_c6.txt
<DESCRIPTION>EXHIBIT 99(C)(6)
<TEXT>
<Page>
                                                                Exhibit 99(c)(6)

CONTACT INFORMATION
--------------------------------------------------------------------------------

UBS WARBURG LLC
299 Park Avenue
New York, NY 10171-0026

Tel: 212 821-3000

www.ubswarburg.com

UBS Warburg LLC is a subsidiary of UBS AG
UBS Warburg is a business group of UBS AG

[LOGO] UBS Warburg

<Page>

[LOGO] UBS Warburg

                                               STRICTLY PRIVATE AND CONFIDENTIAL

PROJECT SAUVEGARDE
PRESENTATION TO THE OVERSIGHT COMMITTEE

FEBRUARY 2001

<Page>

CONTENTS
--------------------------------------------------------------------------------

SECTION 1   SUMMARY OF THE BACOU SALE PROCESS_________________________________1

SECTION 2   BACOU USA VALUATION ANALYSIS______________________________________9

APPENDICES A Comparable Company Analysis--Company Descriptions

           B Comparable Transaction Analysis--Target Descriptions

[LOGO] UBS Warburg

<Page>

SUMMARY OF THE BACOU SALE PROCESS
--------------------------------------------------------------------------------
SECTION 1

[LOGO] UBS Warburg

<Page>

SUMMARY OF THE BACOU SALE PROCESS
--------------------------------------------------------------------------------

o     The Bacou solicitation process ("Project Sauvegarde") was conducted in two
      rounds: Round 1 was conducted during September and October 2000 while
      Round 2 was conducted from November 2000 to January 2001

o     Deutsche Bank Alex Brown ("DBAB") contacted parties located in both the
      United States and Europe

o     In total, DBAB contacted 124 parties during Round 1, 60% of which were
      located in the United States

      --    49 strategic buyers

      --    75 financial buyers

o     Round 1 resulted in the submission of 23 (5 strategic buyers and 18
      financial buyers) non-binding indications of interest for Bacou SA and
      Bacou USA ("Group Bacou") with an enterprise valuation range for Bacou USA
      of $585.0 to $775.6 million. This translates into a per share value range
      of $24.97 to $35.00

o     Ten potential buyers were invited to proceed to the second round. Each
      potential buyer conducted due diligence for Bacou USA and for Bacou SA

o     Bacou USA management presentations (and access to the data room) were
      given to the ten potential buyers during October/November 2000 with two
      parties, Finalist 2 and Finalist 1, submitting final indications of
      interest

o     Finalist 2 and Finalist 1 submitted the following bids at the end of the
      second round:

      --    On November 21, 2000, Finalist 2 offered a total enterprise value of
            US$ 700.0 million for Group Bacou

      --    Finalist 1 proposed a value of US$ 25.00 in cash per public Bacou
            USA share and offered US$ 22.63 in cash for each Bacou USA share
            held by Bacou SA (included in that value is a US$ 12.6 million
            earn-out). Finalist 1 offered US$ 140.0 million as the total
            enterprise value of Bacou SA. The total enterprise value of Finalist
            l's bid was US$ 696.1 million

o     Subsequently, Finalist 2 has submitted two additional bids and Finalist 1
      has submitted three additional bids. The bidding process culminated with
      Bacou signing an exclusivity agreement with Finalist 1 on January 17, 2001

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  2
<Page>

SUMMARY OF NORTH AMERICAN PARTIES CONTACTED
--------------------------------------------------------------------------------
o     ROUND ONE (SEPTEMBER 2000--OCTOBER 2000)

<Table>
<Caption>
STRATEGIC BUYERS
================================================================================
<S>                             <C>
TIER I
Buyer 1                         Buyer 6
Buyer 2                         Buyer 7
Buyer 3                         Buyer 8
Buyer 4                         Buyer 9
Buyer 5                         Buyer 10

TIER II

Buyer 11                        Buyer 20
Buyer 12                        Finalist 1
Buyer 13                        Buyer 21
Buyer 14                        Buyer 22
Buyer 15                        Buyer 23
Buyer 16                        Buyer 24
Buyer 17                        Buyer 25
Buyer 18                        Buyer 26
Buyer 19                        Buyer 27
                                Buyer 28
                                Buyer 29

TOTAL = 30

<Caption>
FINANCIAL BUYERS
================================================================================
<S>                             <C>
TIER I

Buyer 30                        Buyer 34
Buyer 31                        Buyer 35
Buyer 32                        Buyer 36
Buyer 33

TIER II

Buyer 37                        Buyer 56
Buyer 38                        Buyer 57
Buyer 39                        Buyer 58
Buyer 40                        Buyer 59
Buyer 41                        Buyer 60
Buyer 42                        Buyer 61
Buyer 43                        Buyer 62
Buyer 44                        Buyer 63
Buyer 45                        Buyer 64
Buyer 46                        Buyer 65
Buyer 47                        Buyer 66
Buyer 48                        Buyer 67
Buyer 49                        Buyer 68
Buyer 50                        Buyer 69
Buyer 51                        Buyer 70
Buyer 52                        Buyer 71
Buyer 53                        Buyer 72
Buyer 54                        Buyer 73
Buyer 55

TOTAL = 44
</Table>

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  3
<Page>

SUMMARY OF EUROPEAN AND OTHER PARTIES CONTACTED
--------------------------------------------------------------------------------

o.    ROUND ONE (SEPTEMBER 2000--OCTOBER 2000)

<Table>
<Caption>
STRATEGIC BUYERS
================================================================================
<S>                             <C>
TIER I

Buyer 74                        Buyer 77
Buyer 75                        Buyer 78
Buyer 76                        Buyer 79
                                Buyer 80

TIER II

Buyer 81
Buyer 82
Buyer 83
Buyer 84
Buyer 85
Buyer 86
Buyer 87
Buyer 88
Buyer 89
Buyer 90
Buyer 91
Buyer 92

TOTAL = 19

<Caption>
FINANCIAL BUYERS
================================================================================
<S>                             <C>
TIER I

Buyer 93
Buyer 94

TIER II

Buyer 95                        Buyer 109
Buyer 96                        Buyer 110
Buyer 97                        Buyer 111
Buyer 98                        Buyer 112
Buyer 99                        Buyer 113
Buyer 100                       Buyer 114
Buyer 101                       Buyer 115
Buyer 102                       Buyer 116
Buyer 103                       Buyer 117
Buyer 104                       Buyer 118
Buyer 105                       Buyer 119
Finalist 2                      Buyer 120
Buyer 106                       Buyer 121
Buyer 107                       Buyer 122
Buyer 108

TOTAL = 31
</Table>

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  4
<Page>

SUMMARY OF INITIAL INDICATIONS RECEIVED--ROUND ONE
--------------------------------------------------------------------------------

<Table>
<Caption>
                                       BACOU USA VALUATION RANGE                         BACOU SA VALUATION
                     --------------------------------------------------------------  -----------------------------
                             ENTERPRISE VALUE              VALUE PER SHARE                ENTERPRISE VALUE
($)                  ------------------------------  ------------------------------  -----------------------------
ROUND 1(1)              LOW                 HIGH        LOW                HIGH          LOW              HIGH
------------------------------------------------------------------------------------------------------------------
<S>                    <C>         <C>      <C>        <C>         <C>     <C>          <C>        <C>    <C>
FINANCIAL BUYERS

Buyer 107              685.0       --       700.0      30.23       --      31.02        240.0      --     250.0
Buyer 101(2)
BUYER 103              675.0       --       712.5      29.71       --      31.68        225.0      --     237.5
BUYER 113              660.0       --       695.0      28.92       --      30.76        240.0      --     255.0
Buyer 110              675.0       --       724.0      29.71       --      32.29        225.0      --     226.0
BUYER 93               718.6       --       775.6      32.00       --      35.00        156.4      --     174.4
Buyer 95               618.3       --       652.7      26.73       --      28.54        231.7      --     247.3
Buyer 44               604.5       --       652.0      26.00       --      28.50        225.0      --     240.0
Buyer 65               623.5       --       661.5      27.00       --      29.00        216.5      --     208.5
FINALIST 2             650.0                725.0      28.39       --      32.34        150.0      --     175.0
Buyer 105              615.0                           26.55                            235.0
Buyer 102              642.5                           28.00                            188.4
Buyer 68               630.0       --       660.0      27.34       --      28.92        170.0      --     190.0
Buyer 99               600.0       --       620.0      25.76       --      26.82        200.0      --     200.0
Buyer 114
Buyer 35               585.0                           24.97                            205.0
Buyer 37               604.5                           26.00                            170.5
Buyer 46

STRATEGIC BUYERS

BUYER 71               775.6                           35.00                            224.4
BUYER 19               704.3       --       718.6      31.25       --      32.00        220.7      --     231.4
BUYER 6                700.0                           31.02                            200.0
BUYER 3                623.7       --       699.7      27.01       --      31.01        150.0      --     175.0
FINALIST 1             585.5       --       623.5      25.00       --      27.00        200.0      --     235.0
------------------------------------------------------------------------------------------------------------------
RANGE                  585.0       --       775.6      24.97       --      35.00        240.0      --     255.0
AVERAGE                648.8       --       687.       28.33       --      30.35        203.7      --     217.5
------------------------------------------------------------------------------------------------------------------
</Table>

NOTES:
(1)   Names in bold denote buyers that were invited to participate in the second
      round
(2)   Bid $900 -- 950mm total enterprise value for Group Bacou

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  5
<Page>

ROUND TWO FINAL BIDS
--------------------------------------------------------------------------------

o     Final bids were received from Finalist 2 and Finalist 1

FINALIST 1 BID

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
                                        First Round(1)       11/21/00       12/15/00     12/21/00     1/12/01
                                        --------------       --------       --------     --------     -------
<S>                                        <C>                 <C>           <C>          <C>           <C>
Bacou USA Public Equity Value              166.3               160.4         160.4        160.4         160.4

Bacou USA Shares held by Bacou SA          327.9               285.4         306.0        312.5         309.1

Bacou USA Net Debt                         110.3               110.3         110.3        110.3         110.3

Bacou France Enterprise Value              217.5               140.0         167.2        157.9         198.4

Group Bacou Enterprise Value               822.0               696.1         743.9        741.1         778.2

-------------------------------------------------------------------------------------------------------------
Total Enterprise Value (US$mm) (y axis)
</Table>

BACOU USA PURCHASE PRICE PER SHARE

<Table>
<Caption>
                                                   SECOND ROUND BID DATE
                         FIRST         ------------------------------------------------
($)                     ROUND(1)        11/21/00     12/15/00     12/21/00    1/12/01
---------------------------------------------------------------------------------------
<S>                     <C>               <C>          <C>          <C>         <C>
FINALIST 1 BID

Public                  26.00             25.00        25.00        25.00       25.00

Bacou France            26.00             22.63        24.26        24.77       24.50
---------------------------------------------------------------------------------------
</Table>

FINALIST 2 BID

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
                                      First Round(1)         11/21/00       12/18/00     1/7/01
                                      --------------         --------       --------     ------
<S>                                        <C>                 <C>           <C>          <C>
Bacou USA Public Equity Value              194.2                             154.0        160.4

Bacou USA Shares held by Bacou SA          383.0                             302.7        306.3

Bacou USA Net Debt                         110.3                             110.3        110.3

Bacou France Enterprise Value              162.5                             242.2        201.0

Group Bacou Enterprise Value               850.0               700.0         809.2        778.0

-------------------------------------------------------------------------------------------------------------
Total Enterprise Value (US$mm) (y axis)
</Table>

BACOU USA PURCHASE PRICE PER SHARE

<Table>
<Caption>
                                                   SECOND ROUND BID DATE
                         FIRST         ------------------------------------------------
($)                     ROUND(1)        11/21/00     12/18/00     01/07/01
---------------------------------------------------------------------------------------
<S>                     <C>               <C>          <C>          <C>         <C>
FINALIST 2 BID

Public                  30.37                          24.00        25.00

Bacou France            30.37                          24.00        24.28
---------------------------------------------------------------------------------------
</Table>

NOTE:

(1)   Indicates mid point of range

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  6
<Page>

BACOU SA OFFER CONSIDERATION COMPONENTS
--------------------------------------------------------------------------------

o     The following graphs illustrate the enterprise value offered to Bacou SA
      and the value offered to the Bacou USA shares held by Bacou SA within each
      bid

FINALIST 1 BID

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
                                 11/21/00      12/15/00     12/21/00     1/12/01
                                 --------      --------     --------     -------
<S>                               <C>           <C>          <C>          <C>
Cash Component to Bacou SA        367.7         405.3        405.3        419.6

Non-cash Component to Bacou SA     57.7          67.9         65.1         87.9

                                  425.4         473.2        470.4        507.4
</Table>

FINALIST 2 BID

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
                                        11/21/00
                                        Bid Date       12/18/00     1/7/01
                                        --------       --------     ------
<S>                                       <C>            <C>         <C>
Cash Component to Bacou SA                               327.1       415.6

Non-cash Component to Bacou SA                           217.8        91.6

                                          na             544.9       507.2
</Table>

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  7
<Page>

FRAMEWORK OF THE TRANSACTION
--------------------------------------------------------------------------------

CONTRIBUTION ANALYSIS AND TRANSACTION VALUE ALLOCATION COMPARISON
($MM)

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
               1999 EBITDA         1999 EBIT       EBITDA 2000(1)   EBIT 2000(1)
--------------------------------------------------------------------------------
<S>              <C>                <C>              <C>               <C>
Bacou USA         75.2%              76.0%             71.2%            69.8%

Bacou SA          24.8%              24.0%             28.8%            30.2%

                 $90.7              $67.0            $108.8            $82.6
--------------------------------------------------------------------------------
</Table>

    [The following was represented by a bar chart in the printed material.]

<Table>
<Caption>
              Enterprise Value of Final              Enterprise Value of Final
                  Finalist 2 Offer                       Finalist 1 Offer
--------------------------------------------------------------------------------
<S>                  <C>                                     <C>
Bacou USA              74.2%                                   74.5%

Bacou SA               25.8%                                   25.5%

                     $778.0                                  $778.2
--------------------------------------------------------------------------------

<Caption>
(MM)                   BACOU USA       BACOU SA(2)(3)          GROUP BACOU
--------------------------------------------------------------------------------
<S>                       <C>                <C>                   <C>
INCOME STATEMENT
   1999 EBITDA            68.2               22.5                  90.7
   1999 EBIT              50.9               16.1                  67.0
   2000 EBITDA(1)         77.5               31.3                 108.8
   2000 EBIT(1)           57.7               24.9                  82.6
--------------------------------------------------------------------------------
</Table>

NOTES

(1)   Bacou USA actual data. Bacou SA protections
(2)   1999 Data converted to USD at the average FRF/USD exchange rate in 1999
      of 6.1752
(3)   Bacou SA data for 2000 converted to USD at the 6/30/00 spot exchange rate
      of 6.8429

[LOGO] UBS Warburg


                                 Section 1: Summary of the Bacou Sale Process  8
<Page>

BACOU USA VALUATION ANALYSIS
--------------------------------------------------------------------------------
SECTION 2

[LOGO] UBS Warburg

<Page>

VALUATION FRAMEWORK
--------------------------------------------------------------------------------

o     Bacou USA's valuation is a function of an appropriate balancing of various
      valuation methodologies, market benchmarks, perspectives and structures:

VALUATION METHODOLOGIES
--------------------------------------------------------------------------------

COMPARABLE PUBLIC       o     To determine the current public market value and
COMPANY ANALYSIS              trading multiples of companies similar to Bacou
                              USA, thereby imputing a "public market" valuation
                              range

COMPARABLE              o     To determine the historical private market value
TRANSACTION                   and transaction multiples of companies similar to
ANALYSIS                      Bacou USA, thereby imputing a "private market"
                              valuation range

DISCOUNTED CASH         o     To determine the present value of the projected
FLOW ANALYSIS                 after-tax, free cash flows of Bacou USA utilizing
                              a range of discount rates and terminal value
                              methodologies

LEVERAGED BUYOUT        o     To determine the range of feasible purchase prices
ANALYSIS                      given a financial buyer's return criteria and
                              typical capital structure

PREMIUMS PAID           o     To determine the historical stock price premiums
ANALYSIS                      paid for public companies over the last few years
--------------------------------------------------------------------------------

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  10
<Page>

COMPARABLE PUBLIC COMPANIES ANALYSIS
--------------------------------------------------------------------------------

<Table>
<Caption>
(US$mm, EXCEPT PER SHARE
VALUES)
                                                                                     TOTAL ENTERPRISE           P/E
                                                                                      VALUE MULTIPLES      MULTIPLES(2)(4)
                         STOCK      TOTAL     EQUITY                LTM     LTM    -----------------------  ---------------  5-YEAR
                         PRICE   ENTERPRISE   MARKET      LTM     EBITDA   EBIT      LTM      LTM     LTM            DEC-31- GROWTH
                        1/26/01     VALUE     VALUE(1)  REVENUE   MARGIN  MARGIN   REVENUE   EBITDA   EBIT     LTM     01E   RATE(2)
COMPANY NAME              ($)        ($)        ($)       ($)       (%)     (%)      (x)      (x)     (x)      (x)    (x)     (%)
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>        <C>        <C>       <C>       <C>     <C>      <C>       <C>     <C>     <C>     <C>      <C>
The Brady Corporation    36.31      791.4      837.8     559.9     15.3    12.1     1.41      9.2     11.7    18.1    17.4     15.0
Federal Signal Corp      20.94    1,416.8      952.2   1,166.8     13.5    10.9     1.21      9.0     11.1    14.5    12.7      1.2
Mine Safety Appliance Co 23.94      388.9      323.1     504.3     12.4     7.5     0.77      6.2     10.3    12.2      na       na
Scott Technologies, Inc. 22.31      407.2      383.3     247.4     20.3    17.7     1.65      8.1      9.3    15.8    13.3     14.6
Sola International, Inc.  6.50      383.0      154.0     538.6     13.8     8.7     0.71      5.1      8.2    11.6     5.6       na
Unifirst                 12.00      350.6      232.1     537.9     14.5     8.0     0.65      4.5      8.2    10.8    10.3       na
                                                   ---------------------------------------------------------------------------------
                                                   Mean            15.0    10.8     1.07      7.0      9.8    13.8    11.9     10.3
                                                   ---------------------------------------------------------------------------------
                                                   Median          14.2     9.8     0.99      7.2      9.8    13.4    12.7     14.6
                                                   ---------------------------------------------------------------------------------
                                                   High            20.3    17.7     1.65      9.2     11.7    18.1    17.4     15.0
                                                   ---------------------------------------------------------------------------------
                                                   Low             12.4     7.5     0.65      4.5      8.2    10.8     5.6      1.2
                                                   ---------------------------------------------------------------------------------
Bacou USA, Inc.(3)       19.50      461.8      348.9     308.5     25.0    18.9     1.50      6.0      7.9    11.2     9.6     12.7
Bacou USA, Inc.(5)       26.25      589.9      477.1     308.5     25.0    18.9     1.91      7.6     10.1    15.4    12.9     12.7
Bacou USA, Inc.(6)       25.00      566.4      453.6     308.5     25.0    18.9     1.84      7.3      9.7    14.6    12.3     12.7
Bacou USA, Inc.(7)       27.00      604.5      491.6     308.5     25.0    18.9     1.96      7.8     10.4    15.8    13.2     12.7
Bacou USA, Inc.(7)       28.00      623.5      510.6     308.5     25.0    18.9     2.02      8.1     10.7    16.4    13.7     12.7
BACOU USA, Inc.(7)       29.00      642.5      529.7     308.5     25.0    18.9     2.08      8.3     11.0    17.1    14.2     12.7
------------------------------------------------------------------------------------------------------------------------------------
</Table>

NOTES:

(1)   Based on closing stock prices on 1/26/01
(2)   Based on I/B/E/S mean earnings estimates and growth rates as of
      January 12, 2000
(3)   Stock price taken one day before the July 10, 2000 announcement of the
      Company's intent to explore strategic alternatives
(4)   I/B/E/S earnings for Brady Corp, Sola International and Unifirst are for
      the fiscal year end which differs from the calendar year end
(5)   Based on current market price
(6)   Based on proposed purchase price of $25 p/s
(7)   Based on varying share prices

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  11
<Page>

HISTORICAL PRICE PERFORMANCE
--------------------------------------------------------------------------------

BACOU USA--1 YEAR HISTORICAL

January 28, 2000-January 30, 2001

                             [PLOT POINTS TO COME]

BACOU USA--2 YEAR HISTORICAL

January 29, 1999-January 30, 2001

                             [PLOT POINTS TO COME]

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  12
<Page>

HISTORICAL STOCK PRICE ANALYSIS
--------------------------------------------------------------------------------

BAU vs PUBLICLY TRADED COMPOSITE GROUP(1)--1 Day Prior to the Announcement
July 7, 2000-January 29, 2001

                             [PLOT POINTS TO COME]

BAU vs PUBLICLY TRADED COMPOSITE GROUP(1)--1 Day After the Announcement
January 11, 2000-January 29, 2001

                             [PLOT POINTS TO COME]

NOTE:

(1)   Brady Corporation, Federal Signal, Mine Safety Appliances, Scott
      Technologies, Sola International and Unifirst

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  13
<Page>

COMPARABLE TRANSACTIONS ANALYSIS
--------------------------------------------------------------------------------

(US$mm, except per share data)

<Table>
<Caption>
                                                                                                                          EQUITY
                                                                                                   TOTAL ENTERPRISE    MARKET VALUE
                                               TOTAL                                       LTM      VALUE MULTIPLES      MULTIPLES
                             ONE DAY   ONE     ENTER-  EQUITY            LTM      LTM      NET   --------------------- -------------
                              PRIOR    WEEK    PRISE   MARKET    LTM    EBITDA    EBIT   INCOME    LTM     LTM    LTM   NET    BOOK
                    ANNC.    PREMIUM  PREMIUM  VALUE   VALUE   REVENUE  MARGIN   MARGIN  MARGIN  REVENUE  EBITDA  EBIT INCOME  VALUE
ACQUIRER/TARGET     DATE       (%)      (%)     ($)     ($)      ($)      (%)     (%)      (%)     (x)     (x)    (x)   (x)     (x)
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>        <C>     <C>     <C>     <C>      <C>      <C>      <C>     <C>   <C>      <C>     <C>   <C>      <C>
Kimberly-Clark      11/17/99   25.8    42.6    802.7   694.8    221.6    24.6     17.7    11.2  3.00(1)  11.5(1) 20.5  21.9(1)  5.55
    Safeskin Corp
Hagemeyer           11/15/99   26.6    47.1    197.5   184.0    303.9     5.1      4.0     2.2  0.65     12.8    16.3  28.1     1.70
    Vallen Corp
JJF Group           7/12/99    19.6    32.6    181.5   177.7    112.7    15.5     12.3     7.8  1.61     10.4    13.1  20.3     3.43
    TSI Inc
Vestar Equity       6/14/95      na      na    204.9   200.2    186.9      na     13.3     4.3  1.10       na     8.2  25.0       na
Partners
    Cabot Safety
    Corp (Aearo)
United Dominion     5/08/95    15.9    15.9    189.9   117.2    192.7    14.1     11.0     4.8  0.98      7.0     8.9  12.7     1.85
    Flair Corp
Federal Signal      5/09/94      na      na     43.7    45.0     33.0    22.0     20.1    20.0  1.32      6.0     6.6   6.8     5.70
    Justrite
                                                           -------------------------------------------------------------------------
                                                           Mean          16.3     13.1     8.4  1.44      9.5    12.3  19.1     3.65
                                                           -------------------------------------------------------------------------
                                                           Median        15.5     12.8     6.3  1.21     10.4    11.0  21.1     3.43
                                                           -------------------------------------------------------------------------
                                                           High          24.6     20.1    20.0  3.00     12.8    20.5  28.1     5.70
                                                           -------------------------------------------------------------------------
                                                           Low            5.1      4.0     2.2  0.65      6.0     6.6   6.8     1.70
                                                           -------------------------------------------------------------------------
                  STOCK PRICE
                  -----------

Finalist 1/Bacou
USA(2)                25.00    (5.7)  (11.7)   566.4   453.6    308.5    25.0     18.9    10.1  1.84      7.3     9.7  14.6     2.19

Finalist 1/Bacou
USA(2)                27.00     1.9    (4.6)   604.5   491.6    308.5    25.0     18.9    10.1  1.96      7.8    10.4  15.8     2.38

Finalist 1/Bacou
USA(2)                28.00     5.7    (1.1)   623.5   510.6    308.5    25.0     18.9    10.1  2.02      8.1    10.7  16.4     2.47

Finalist 1/Bacou
USA(2)                29.00     9.4     2.4    642.5   529.7    308.5    25.0     18.9    10.1  2.08      8.3    11.0  17.1     2.56
------------------------------------------------------------------------------------------------------------------------------------
</Table>

NOTES:

(1)   Taken from Morgan Stanley fairness opinion for this specific deal
(2)   Bacou USA financials are based on September 30, 2000 LTM

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  14
<Page>

DISCOUNTED CASH FLOW ANALYSIS
--------------------------------------------------------------------------------

o     KEY ASSUMPTIONS

o     The discounted cash flow analysis incorporates the Company's projected
      operating performance for the period January 1, 2001-December 31, 2005.
      Projections were obtained from the Company's management

o     The global assumptions employed in the projections:

      --    a tax rate of 36.5%

      --    a Weighted Average Cost of Capital (WACC) ranging from 12.0% to
            15.0%

      --    capital expenditures of $15.0 million for the years 2001 through
            2005

      --    terminal values were determined using EBITDA multiples between 6.0x
            and 8.0x and perpetual growth rates ranging from 1.8% to 3.0%. The
            EBITDA exit multiples are consistent with the range of multiples for
            other comparable public companies

      --    projections do not include acquisitions

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  15
<Page>

DISCOUNTED CASH FLOW ANALYSIS (CONTINUED)
--------------------------------------------------------------------------------

IMPLIED VALUATION
(per share)

<Table>
<Caption>
                                RELEVANT RANGE(1)     IMPLIED SHARE VALUE(2)
TERMINAL VALUE BASED ON:                                        ($)
--------------------------------------------------------------------------------
<S>                                <C>     <C>           <C>       <C>
EBITDA Exit Multiple (x)           6.0  -  8.0           27.87  -  39.87

Perpetua1 Growth Rate (%)          1.8  -  3.0           21.96  -  33.79
--------------------------------------------------------------------------------
</Table>

NOTES:

(1)   The relevant range is based on multiples for comparable public companies.
      The perpetual growth rate relevant range is based on 2001 GDP estimates
      from Bloomberg Economist Estimates.
(2)   Assumes discount rate range of 12.0% to 15.0%

FULLY DILUTED EQUITY VALUE PER SHARE

<Table>
<Caption>
                                              EBITDA EXIT MULTIPLE
DISCOUNT                                 -------------------------------
  RATE                                   6.Ox      6.7x     7.3x    8.Ox
--------------------------------------------------------------------------------
<S>                                     <C>        <C>      <C>     <C>
 12.0%                                  31.84      34.51    37.19   39.87
 13.0%                                  30.45      33.01    35.57   38.13
 14.0%                                  29.12      31.58    34.03   36.48
 15.0%                                  27.87      30.21    32.56   34.90
--------------------------------------------------------------------------------
</Table>

FULLY DILUTED EQUITY VALUE PER SHARE

<Table>
<Caption>
                                              PERPETUAL GROWTH RATE
DISCOUNT                                 -------------------------------
  RATE                                   1.8%      2.2%     2.6%    3.0%
--------------------------------------------------------------------------------
<S>                                     <C>        <C>      <C>     <C>
 12.0%                                  30.38      31.42    32.56   33.79
 13.0%                                  27.07      27.90    28.80   29.77
 14.0%                                  24.30      24.98    25.70   26.48
 15.0%                                  21.96      22.52    23.11   23.74
--------------------------------------------------------------------------------
</Table>

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  16
<Page>

LBO ANALYSIS
--------------------------------------------------------------------------------

o     KEY ASSUMPTIONS

LEVERAGED BUYOUT ANALYSES WERE GENERATED USING BACOU USA'S STAND ALONE
PROJECTIONS. IN ADDITION TO THE ASSUMPTIONS INHERENT IN THE MANAGEMENT
PROJECTIONS, THE FOLLOWING ADDITIONAL ASSUMPTIONS WERE MADE:

o     Base case purchase price per share of $25.00, implying an equity value of
      $453.6(2) million and a total enterprise value of $566.4 million(3)

o     In order to satisfy coverage requirements, market constraints, and return
      criteria, the following debt structure and interest rates were assumed:

<Table>
<Caption>
(US$mm)

SOURCES                         AMOUNT          %            RATE
--------------------------------------------------------------------------------
<S>                             <C>           <C>            <C>
Bank Term Loan                  250.0         43.1           10.5
Subordinated Debt(1)            116.9         20.2           13.0
Equity                          212.7         36.7
================================================================================
TOTAL SOURCES                   579.6        100.0
================================================================================

<Caption>
USES                                                         AMOUNT
--------------------------------------------------------------------------------
<S>                                                          <C>
Refinance Existing Net Debt                                  112.8
Purchase of Equity(2)                                        453.6
Estimated Transaction Expenses                                13.2
================================================================================
TOTAL USES                                                   579.6
================================================================================
</Table>

NOTES:

(1)   Subordinated debt terms include warrants for 8.5% of total equity
(2)   Net of option proceeds
(3)   19.0 million fully diluted shares

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  17
<Page>

LBO ANALYSIS (CONTINUED)
--------------------------------------------------------------------------------

o     KEY ASSUMPTIONS (CONTINUED)

o     Assumed a closing date of December 31, 2000

o     For purchase accounting purposes, no assets were written-up to fair
      market value. Consequently 100% of the purchase price in excess of
      tangible book value was recorded as goodwill which amounted to $423.0
      million and is amortized over 20 years ($21.1 million per year)

o     Investors are assumed to exit in 5 years (2005) at an EBITDA multiple of
      7.5x

o     EBITDA exit multiple is consistent with high end of comparable companies'
      current EBITDA trading multiples and with entrance multiples

THE FOLLOWING PAGES ILLUSTRATE THE RETURNS, COVERAGES AND DEBT PAYDOWN FOR
PURCHASE PRICES RANGING FROM $23.00 TO $29.00 PER SHARE ASSUMING THE CONSTANT
DEBT STRUCTURE FROM THE PREVIOUS PAGE

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  18
<Page>

LEVERAGE BUYOUT ANALYSIS
--------------------------------------------------------------------------------

IRR TO EQUITY HOLDERS AT VARIOUS PURCHASE PRICES ASSUMING A 7.5x EBITDA EXIT
MULTIPLE(1)

    [The following was represented by a line graph in the printed material.]

<Table>
<Caption>
                          Internal Rate of Return (%)

<S>         <C>         <C>         <C>         <C>         <C>         <C>
35.6        32.8        30.3        28.1        26.1        24.2        22.5
--------------------------------------------------------------------------------
23.00       24.00       25.00       26.00       27.00       28.00       29.00

                              Per Share Value ($)
</Table>

NOTE

(1)   Assumes sub debt holder receives 21% return

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  19
<Page>

LEVERAGE AND COVERAGE STATISTICS
--------------------------------------------------------------------------------

LEVERAGE AND COVERAGE STATISTICS

<Table>
<Caption>
                                                   PURCHASE PRICE PER SHARE
($ PER SHARE)                      ---------------------------------------------------------
                                   23.00    24.00    25.00    26.00   27.00    28.00   29.00
--------------------------------------------------------------------------------------------
<S>                                  <C>      <C>      <C>      <C>     <C>      <C>     <C>
2000 PRO FORMA

Senior Debt/EBITDA                   3.1      3.1      3.1      3.1     3.1      3.1     3.1
Total Debt/EBITDA                    4.5      4.5      4.5      4.5     4.5      4.5     4.5
EBITDA/Total Interest Expense        2.0      2.0      2.0      2.0     2.0      2.0     2.0

% Senior Debt Paydown by 2005 (%)   79.4     79.4     79.4     79.4    79.4     79.4    79.4
% Total Debt Paydown by 2005 (%)    54.1     54.1     54.1     54.1    54.1     54.1    54.1

IRR to Equity (%)                   35.6     32.8     30.3     28.1    26.1     24.2    22.5
IRR to Sub Debt (%)                 21.3     21.3     21.3     21.3    21.3     21.3    21.3
--------------------------------------------------------------------------------------------
</Table>

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  20
<Page>

PREMIUMS PAID ANALYSIS
--------------------------------------------------------------------------------

TRANSACTION CRITERIA

o     All stock and cash transactions pending or completed (and not withdrawn)
      from January 1998 through the present for non-financial and
      non-technology companies

o     100% purchase of the target with total enterprise values between $500
      million and $1,500 million

SUMMARY OF PREMIUMS PAID

<Table>
<Caption>
            ONE DAY PRIOR TO        ONE WEEK PRIOR TO         ONE MONTH PRIOR TO
              ANNOUNCEMENT            ANNOUNCEMENT               ANNOUNCEMENT
(%)                (%)                     (%)                        (%)
--------------------------------------------------------------------------------
<S>               <C>                    <C>                        <C>
Mean               27.9                   35.7                       40.0
Median             23.8                   30.8                       34.7
High              146.6                  139.2                      130.6
Low               (20.0)                 (23.0)                     (15.6)
--------------------------------------------------------------------------------
</Table>

SOURCE: Securities Data Company, Inc.

IMPLIED VALUATION
(US$)

<Table>
<Caption>
                BACOU USA
               STOCK PRICE            MARKET RANGE(1)      IMPLIED SHARE VALUE
DATE               ($)                      (%)                    ($)
--------------------------------------------------------------------------------
<S>                <C>                 <C>                    <C>
Current(2)         26.40
Announcement(3)    22.25
1 Day Prior(3)     19.50               23.8  -  27.9          24.14  -  24.95
1 Week Prior(3)    20.13               30.8  -  35.7          26.32  -  27.30
1 Month Prior(3)   21.13               34.7  -  40.0          28.45  -  29.57
--------------------------------------------------------------------------------
</Table>

NOTES:

(1)   Market Range is derived by using the median and mean premiums paid
(2)   As of 1/29/01
(3)   On July 10, 2000, the Company announced its intent to explore strategic
      alternatives and to hire an investment bank

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  21
<Page>

HISTORICAL STOCK PRICE AND VOLUME ANALYSIS
--------------------------------------------------------------------------------

PERCENT OF TOTAL VOLUME TRADED AT SPECIFIC PRICES--1 YEAR PRIOR
TO THE ANNOUNCEMENT

July 9, 1999--July 9, 2000

    [The following was represented by a bar chart in the printed material.]

<Table>
<S>          <C>          <C>          <C>          <C>         <C>         <C>        <C>
 17.4        11.0         42.6         9.5          3.7         8.4         4.8        2.5
---------------------------------------------------------------------------------------------
$14.50 -    $15.51 -    $16.51 -     $17.51 -     $18.51 -    $19.51 -    $20.51 -   $21.51 +
 $15.50      $16.50      $17.50       $18.50       $19.50      $20.50      $21.50
</Table>


PERCENT OF TOTAL VOLUME TRADED AT SPECIFIC PRICES--SINCE JULY 10
ANNOUNCEMENT

July 11, 2000--January 29, 2001

    [The following was represented by a bar chart in the printed material.]

<Table>
<S>          <C>          <C>          <C>          <C>         <C>
 15.7         9.5         27.0        32.8          6.3         8.7
----------------------------------------------------------------------
$22.00 -    $23.01 -    $24.01 -     $25.01 -     $26.01 -    $27.01 +
 $23.00      $24.00      $25.00       $26.00       $27.00
</Table>

o     Approximately 2.0 million shares, representing 43.0% of the public
      float(1), traded from July 9, 1999 to July 9, 2000

o     Of those 2.0 million shares, 0% were at $25.00 or above

o     Approximately 1.2 million shares, representing 25.4% of the public
      float(1), have traded between July 11, 2000 and January 29, 2000

o     Of those 1.2 million shares, 51.6% were at $25.00 or above

----------
(1)   Public float of 4.6mm Source: Bloomberg

[LOGO] UBS Warburg


                                     Section 2: Bacou USA Valuation Analysis  22
<Page>

COMPARABLE COMPANY ANALYSIS--
COMPANY DESCRIPTIONS
--------------------------------------------------------------------------------

APPENDIX A

[LOGO] UBS Warburg

<Page>

COMPANY DESCRIPTIONS
--------------------------------------------------------------------------------

================================================================================

BRADY CORP.             Brady Corp. develops, makes and sells stock and
                        customized products, including identification, labeling
                        and marking systems for electrical wires, pipes and
                        other objects; safety and instructional signs; and
                        specialized tapes used in audio, video and computer
                        applications.

                        This international manufacturer produces identification,
                        safety and graphics products that help customers create
                        safer work environments for their employees and keep
                        better track of their non-human assets. Brady Corp.
                        (formerly W.H. Brady Co.), with eight plants in the US
                        and an equal number scattered around the world, makes
                        over 30,000 stock and custom items as well as complete
                        identification systems for a broad range of industrial,
                        commercial, utility and other markets.

                        The company's safety products include a wide variety of
                        signs that warn of hazardous or toxic materials, point
                        the way out of a building or call attention to fire
                        equipment. Brady also offers traffic control devices,
                        such as barriers and cones, and "lockout/tagout"
                        products that "lock out" energy sources while machinery
                        is being serviced or maintained. Many of these safety
                        products are purchased by customers to meet standards or
                        regulations imposed by industry groups or government
                        agencies, such as OSHA.
--------------------------------------------------------------------------------

FEDERAL SIGNAL CORP.    Federal Signal Corp., founded in 1901, is a
                        manufacturer and worldwide supplier of safety, signaling
                        and communications equipment, fire rescue products,
                        street sweeping and vacuum loader vehicles, parking
                        control equipment, custom on-premise signage, carbide
                        cutting tools, precision punches and related die
                        components. The company is managed on a decentralized
                        basis and comprises four major operating groups: Safety
                        Products, Tool, Sign and Vehicle.

                        The Vehicle Group consists of fire apparatus, airport
                        rescue/fire fighting vehicles, aerial access platforms,
                        street sweepers, industrial vacuum equipment and
                        municipal combination catch basin/sewer cleaner
                        vehicles. It has nearly 30% of the North American fire
                        apparatus market, owns the largest fire truck
                        manufacturer in Canada and is number one in the world in
                        fire trucks. Specialty products, fire apparatus that
                        fight aircraft fires, industrial fire fighting vehicles,
                        or multi-use vehicles that fight fires and perform
                        rescue activities have aided growth by allowing
                        expansion into related niche markets. An in-house lease
                        program, the only one in the industry, provides an
                        important competitive advantage.
================================================================================

[LOGO] UBS Warburg


               Appendix A: Comparable Company Analysis--Company Descriptions  24
<Page>

COMPANY DESCRIPTIONS (CONTINUED)
--------------------------------------------------------------------------------

================================================================================

FEDERAL SIGNAL CORP.    The Safety Products Group has the broadest product line
(CONTINUED)             and the largest distribution network for warning,
                        signaling, hazardous area lighting and communication
                        products for municipalities and industrial users; it
                        holds commanding share positions in both the domestic
                        municipal market and the domestic industrial market. The
                        group is also the leading domestic manufacturer and
                        marketer of safety equipment for the storage and
                        handling of hazardous materials. In addition, it makes
                        and markets in-plant compaction equipment.
--------------------------------------------------------------------------------

MINE SAFETY             Mine Safety Appliance Co., with subsidiaries, makes and
APPLIANCE CO.           sells safety and health equipment, including respiratory
                        protective equipment, head, eye and face protection
                        equipment, hearing protectors, safety clothing,
                        industrial emergency care products, mining safety
                        equipment, and monitoring instruments.

                        Principal products include respiratory protective
                        equipment that is air-purifying, air-supplied and
                        self-contained in design. The company also produces
                        instruments that monitor and analyze workplace
                        environments and control industrial processes. Personal
                        protective products include head, eye and face, body and
                        hearing protectors. Many of these products are sold
                        under the registered trademark MSA, and have
                        applications for worker protection in industries that
                        include manufacturing, fire services, power generation,
                        telecommunications, mining, government, aerospace,
                        chemicals, petroleum, construction, transportation, pulp
                        and paper processing, automotive, asbestos abatement,
                        and hazardous materials clean-up.
--------------------------------------------------------------------------------

SCOTT TECHNOLOGIES      Scott Technologies Inc. makes and sells protective
INC.                    breathing and oxygen equipment and instruments; and
                        sophisticated electronic systems.

                        Scott Technologies Inc. is comprised of two reporting
                        segments: Scott Aviation and Interstate Electronics
                        Corp. (IEC). Scott Aviation is a leading manufacturer of
                        life support respiratory products in two business units:
                        health and safety; and aviation and government.
                        Interstate Electronics Corp. provides a variety of
                        high-technology equipment.
================================================================================

[LOGO] UBS Warburg


               Appendix A: Comparable Company Analysis--Company Descriptions  25
<Page>

COMPANY DESCRIPTIONS (CONTINUED)
--------------------------------------------------------------------------------

================================================================================

SCOTT TECHNOLOGIES      Through its Scott division, the company makes the Scott
INC. (CONTINUED)        Air Pak and other life support products for fire
                        fighting and personal protection against industrial
                        contaminants. The air-purifying products provide
                        protection against environmental and safety hazards.
                        Products include protective breathing equipment, pilot
                        and crew oxygen masks plus emergency oxygen for
                        passengers on commercial, government and private
                        aircraft. Scott also makes instruments to detect the
                        presence of combustible or toxic gases and the lack of
                        oxygen.
--------------------------------------------------------------------------------

SOLA INTERNATIONAL      Sola International Inc. designs, makes and distributes a
INC.                    broad range of eyeglass lenses, including single vision
                        lenses, multifocal lenses and plano lenses. It also
                        produces a variety of lens coatings, which mainly
                        provide scratch resistance and anti-reflection
                        properties.

                        Formed in 1960, Sola International Inc. pioneered the
                        use of plastic eyeglass lenses over the traditional
                        glass lenses. Since that time, Sola has grown into an
                        international lens manufacturer with sales of over 1
                        million lenses each week. The company's objective is to
                        dominate the global lens market by continually upgrading
                        its lens designs to offer eyeglass wearers the best
                        possible vision, developing new lens materials, and
                        increasing the range of coating and treating options to
                        improve the effectiveness and comfort of eyeglasses.

                        Sola produces a variety of lenses which address specific
                        vision problems. It offers single vision lenses (lenses
                        which have a constant corrective power at all points);
                        multifocal lenses (lenses which have more than one
                        corrective power, including bifocal lenses, which have
                        two distinct areas of different corrective power, and
                        progressive lenses, which have a continuous gradient of
                        different corrective power); and plano lenses (lenses
                        which have no corrective power and are mainly used for
                        sunglasses).
================================================================================

[LOGO] UBS Warburg


               Appendix A: Comparable Company Analysis--Company Descriptions  26
<Page>

COMPANY DESCRIPTIONS (CONTINUED)
--------------------------------------------------------------------------------

================================================================================

UNIFIRST                UniFirst Corp. rents, makes and sells uniforms and
                        protective clothing, including shirts, pants, jackets,
                        coveralls, jumpsuits, lab coats, smocks and aprons, and
                        also rents industrial wiping products, floormats and
                        other non-garment items, to a variety of manufacturers,
                        retailers and service companies.

                        In operation for almost 70 years, UniFirst Corp. is one
                        of the largest providers of workplace uniforms and
                        protective clothing in the United States. The company
                        services well over 100,000 customer locations in 45
                        states, Canada and Europe from 136 manufacturing,
                        distribution and customer service facilities. In FY 98
                        (Aug.), UniFirst generated almost 450 million in
                        revenue, of which about 68% was from the rental of
                        uniforms and protective clothing, 22% was from the
                        rental of non-garment items, 7% was from garment
                        decontamination services, and 3% was from the direct
                        sale of garments.

                        Typical customers include automobile service centers and
                        dealers, delivery services, food and general merchandise
                        retailers, maintenance facilities, restaurants,
                        transportation companies, and others who require
                        employee clothing for image, identification, protection
                        or utility purposes.

                        UniFirst also decontaminates and cleans work clothes
                        that may have been exposed to radioactive materials and
                        services special cleanroom protective wear at certain
                        specialized facilities. Typical customers for these
                        specialized services include government agencies,
                        research and development laboratories, high technology
                        companies and utilities operating nuclear reactors.
================================================================================

[LOGO] UBS Warburg


               Appendix A: Comparable Company Analysis--Company Descriptions  27
<Page>

COMPARABLE TRANSACTION ANALYSIS--
TARGET DESCRIPTIONS
--------------------------------------------------------------------------------

APPENDIX B

[LOGO] UBS Warburg

<Page>

TARGET COMPANY DESCRIPTIONS
--------------------------------------------------------------------------------

================================================================================

SAFESKIN CORP.          Safeskin Corp. makes hypoallergenic disposable latex
                        gloves for medical, dental and high technology
                        manufacturing uses, which are designed to protect the
                        wearer from infectious disease while simultaneously
                        minimizing the risk of debilitating side effects of
                        prolonged use.

                        Since 1995, this maker of disposable medical examination
                        gloves has been the market share leader in sales of
                        medical examination gloves to hospitals. Safeskin Corp.
                        (SFSK) is an innovator of medical exam gloves and was
                        the first company to market a powder-free (PF) latex
                        glove. Unlike conventional latex gloves that can produce
                        adverse reactions when worn for long periods of time,
                        powder free latex gloves do not produce similar side
                        effects.

                        Other innovations include the nitrile medical
                        examination glove introduced in 1997. Nitrile is a
                        synthetic co-polymer that contains no natural rubber
                        latex, providing an alternative for individuals allergic
                        to natural rubber latex. In March 1997, SFSK acquired
                        Tacty Technologies, Inc., a maker of synthetic
                        (non-latex) surgical gloves, giving SFSK a 50% share of
                        the synthetic market. In 1996, the company introduced
                        Safeskin 2000, a PF latex surgical glove designed to
                        provide greater freedom of motion and increased
                        dexterity, thereby reducing hand fatigue.

                        The company has also expanded into the scientific and
                        technology glove market. In February 1998, SFSK acquired
                        Absolute Quality Leadership Inc., a marketer of gloves
                        for the high technology and scientific market.
--------------------------------------------------------------------------------

VALLEN CORP             Vallen Corp. distributes a broad range of personal
                        protective and other safety and health related products
                        and services, including sales and rental of approved
                        respiratory equipment and atmospheric hazard detection
                        instruments to meet specific safety and health needs of
                        industrial customers. Respiratory equipment and
                        atmospheric hazard detection instruments are used where
                        work is performed in limited breathing environments, or
                        where workers are exposed to hazards associated with
                        possible escape of toxic or combustible gases or to
                        carcinogens and other dangerous atmospheric
                        particulates. Vallen's fire service division provides
                        inspection and systems maintenance services, as well as
                        system installations. Through its Vallen Knowledge
                        Systems product group, Vallen provides a wide variety of
                        safety training and instruction services, safety program
                        staffing and onsite consulting services, including
                        safety programs and risk evaluation.
================================================================================

[LOGO] UBS Warburg


             Appendix B Comparable Transaction Analysis--Target Descriptions  29
<Page>

TARGET COMPANY DESCRIPTIONS (CONTINUED)
--------------------------------------------------------------------------------

================================================================================

VALLEN CORP.            Vallen also manufactures industrial safety equipment and
(CONTINUED)             optical quality eyewear for sale through wholly owned
                        Vallen Safety Supply Co. and other unaffiliated
                        distributors. Through All Supplies, Inc., Vallen
                        distributes industrial hardware and welding supplies to
                        industrial and commercial customers.

                        Through a 50% owned Mexican company, Proveedora de
                        Seguridad Industrial Del Golfo, SA., Vallen engages in
                        safety equipment distribution and provides training
                        services in Mexico. Additionally, Vallen owns a 50%
                        interest in an industrial supply distribution company
                        headquartered in Edmonton, Alberta, Century Sales &
                        Service, Ltd.
--------------------------------------------------------------------------------

TSI INC.                TSI Inc. develops, makes and markets measuring and/or
                        control instruments for a variety of market
                        applications, ranging from the monitoring of air quality
                        to controlling industrial processes.

                        The applications for TSI Inc.'s products are described
                        by two general market areas or drivers, namely the
                        Safety, Comfort and Health of People (the working
                        environment) and Productivity and Quality Improvement
                        (industrial processes).

                        Instruments for the safety, comfort and health of people
                        are designed to improve the human environment in the
                        workplace, at home, or in public spaces. Product in this
                        category include analytical and research instruments
                        used for measurement and characterization of very small
                        particles; monitoring and control instruments for
                        heating, ventilating and air conditioning; instruments
                        for industrial hygiene and safety; and meteorological
                        and hydrological instruments. The company also sells
                        products, such as sensors and devices, to original
                        equipment manufacturers for incorporation into their
                        products.

                        The company's instruments for productivity and quality
                        improvement consists of products for quality control and
                        performance enhancement. These instruments include
                        products for research applications, products for
                        non-contact monitoring and control in materials
                        processing instruments; instruments for quality control
                        testing; and instruments to monitor contamination levels
                        sold to OEMs.
================================================================================

[LOGO] UBS Warburg


             Appendix B Comparable Transaction Analysis--Target Descriptions  30
<Page>

TARGET COMPANY DESCRIPTIONS (CONTINUED)
--------------------------------------------------------------------------------

================================================================================

CABOT SAFETY CORP.      Cabot Safety Corporation, a wholly-owned subsidiary of
(AEARO)                 the Company ("Cabot Safety"), manufactures and sells
                        personal safety equipment, as well as energy absorbing,
                        vibration damping, and impact absorbing products for
                        industrial noise control and environment enhancement.
                        Included in personal safety equipment are hearing
                        protection, safety eyewear, and respiratory equipment
                        sold to industrial, consumer and healthcare markets. The
                        products are made from organic polymers, inorganic
                        chemicals, and various plastic compounds such as
                        propionates, polyvinyl chloride and polycarbonates,
                        supplies of which are readily available. Cabot Safety is
                        headquartered in Southbridge, Massachusetts. Its
                        principal manufacturing facilities are in Southbridge,
                        Massachusetts, Indianapolis, Indiana, and Newark,
                        Delaware. Significant manufacturing facilities are
                        also located in Poynton, England and Mississauga,
                        Canada. Sales are made worldwide through sales
                        representatives and distributors and by Company
                        employees. Cabot Safety competes with a number of
                        companies in its various product lines. It believes
                        it is the world leader in disposable hearing protection
                        and among the leading producers in its other personal
                        safety product lines.
--------------------------------------------------------------------------------

FLAIR CORP.             Flair Corp. makes and sells equipment used to dehydrate,
                        filter and purify air, gas and fluids for use in
                        industrial applications. Products include compressed air
                        dryers and specialised regenerative dryers, such as
                        standard and custom-engineered systems, which remove
                        moisture and other contaminants from compressed air
                        systems; compressed air filters, which remove dirt
                        particles and oil and water aerosols and other
                        contaminates from compressed air systems; and air supply
                        and filtration units, which provide large volumes of
                        controlled, non-compressed air for process and general
                        industrial applications (mainly automotive painting).
                        Co. also makes environmental products, including
                        breathing air purifiers, solvent recycling equipment and
                        oil/water separators.

                        Plants and research and development facilities are owned
                        in Fla., Mich., N.C., VA., Ireland and The Netherlands;
                        and leased in Fla., Mich. (2), Del, and the UK.
--------------------------------------------------------------------------------

JUSTRITE                Justrite is an Illinois-based manufacturer of safety
                        equipment for the storage, transfer, use and disposal of
                        flammable and hazardous materials.
--------------------------------------------------------------------------------

[LOGO] UBS Warburg


             Appendix B Comparable Transaction Analysis--Target Descriptions  31

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(7)
<SEQUENCE>8
<FILENAME>a2056932zex-99_c7.txt
<DESCRIPTION>EXHIBIT 99(C)(7)
<TEXT>
<Page>
                                                                Exhibit 99(c)(7)

STRICTLY PRIVATE & CONFIDENTIAL
--------------------------------------------------------------------------------

PROJECT SAUVEGARDE

Discussion materials

February 2, 2001

Deutsche Banc Alex. Brown represents the Investment Banking activities of
Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd. (Canada).
Deutsche Banc Alex. Brown Inc. and Deutsche Bank Securities Ltd. are
subsidiaries of Deutsche Bank AG.


DEUTSCHE BANC ALEX. BROWN
Deutsche Bank [LOGO]
<Page>

STRICTLY PRIVATE & CONFIDENTIAL
--------------------------------------------------------------------------------

The accompanying material was compiled on a confidential basis for use solely by
the Board of Directors of Bacou USA, Inc. (or the "Company") in evaluating the
transaction referred to herein and not with a view to public disclosure or
filing thereof under the Securities Act of 1933 or the Securities Exchange Act
of 1934 (together the "Federal Securities Laws"). This material was prepared
specifically for use by the Board of Directors of the Company and was not
prepared to conform with the disclosure standards under the Federal Securities
Laws. Neither the Company nor Deutsche Banc Alex. Brown Inc. ("Deutsche Bank")
nor any of its respective officers, directors, employees, affiliates, advisors,
agents or representatives warrants the accuracy or completeness of any of the
materials set forth herein. Nothing contained in the accompanying materials is,
or shall be relied upon as, a promise or representation as to the past or the
future.

It should be understood that any valuations and/or estimates or projections
contained in the accompanying materials were prepared or derived from
information supplied by the Company or derived from other public sources,
without any independent verification by Deutsche Bank, and involve numerous and
significant subjective determinations by the Company, which may or may not be
correct. Accordingly, no representation or warranty can be made or is made by
Deutsche Bank as to the accuracy or achievability of any such valuations and/or
estimates or projections.

Deutsche Banc Alex. Brown represents the Investment Banking activities of
Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd. (Canada).
Deutsche Banc Alex. Brown Inc. and Deutsche Bank Securities Ltd. are
subsidiaries of Deutsche Bank AG.


DEUTSCHE BANC ALEX. BROWN
Deutsche Bank [LOGO]
<Page>

CONTENTS
--------------------------------------------------------------------------------

Section

   1           Executive summary                                               1

   2           Overview of the offer for Groupe Bacou                          6

   3           Review of sale process                                         20

   4           Overview of [BIDDER]                                           24

   5           Overview of potential [EQUITY FINANCING SOURCE]                26

   6           M&A and capital market conditions                              28

Appendix

   I           Selected comparable companies                                  34

   II          Precedent transactions                                         36


DEUTSCHE BANC ALEX. BROWN
Deutsche Bank [LOGO]
<Page>

EXECUTIVE SUMMARY                                                      SECTION 1
--------------------------------------------------------------------------------

SECTION 1

Executive summary


DEUTSCHE BANC ALEX. BROWN                                                      1
Deutsche Bank [LOGO]
<Page>

EXECUTIVE SUMMARY                                                      SECTION 1
--------------------------------------------------------------------------------

EXECUTIVE SUMMARY

o Deutsche Bank anticipates that the relevant entities of Groupe Bacou
  should be in a position to sign Share Purchase and Merger Agreements with
  a buyer group comprised of the [BIDDER]* and potential [EQUITY FINANCING
  SOURCE]*

  - should occur by mid-February

o The transaction would be expected to close in May or June following the
  necessary regulatory and shareholder approvals and the satisfaction of
  other conditions including buyer's receipt of finances to fund the
  acquisition

o The signing of these agreements would mark the culmination of a process
  initiated in July 2000 by Deutsche Bank to conduct an exhaustive search
  for potential buyers for Groupe Bacou

o In this presentation, we plan to cover the following topics:

  - review of the sale process

  - discussion of key determinants of Groupe Bacou valuation

  - discussion of the offer for Groupe Bacou

  - overview of [BIDDER] and potential [EQUITY FINANCING SOURCE]

  - overview of M&A and capital market conditions

  * The names of the bidder and the potential equity financing source have been
    redacted


DEUTSCHE BANC ALEX. BROWN                                                      2
Deutsche Bank [LOGO]
<Page>

EXECUTIVE SUMMARY                                                      SECTION 1
--------------------------------------------------------------------------------

KEY DETERMINANTS OF GROUP BACOU VALUATION

<Table>
<Caption>
                    FAVORABLE                                                    UNFAVORABLE
-----------------------------------------------------   --------------------------------------------------------------
<S>                                                     <C>
o Quality, strength of Groupe Bacou businesses          x Complex ownership structure

o Quality of management team                            x Uncertain macro economic and capital market conditions

o Ability of buyer to perform a detailed                x Financial reporting and accounting infrastructure at Bacou
  comparative competitive assessment of Groupe Bacou      France still developing

  - other properties came to market at the same time
                                                        x Tax structure to buyer is sub-optimal
o Competitive tension amongst potential buyers

o Favorable financial and operating trends
</Table>


DEUTSCHE BANC ALEX. BROWN                                                      3
Deutsche Bank [LOGO]
<Page>

EXECUTIVE SUMMARY                                                      SECTION 1
--------------------------------------------------------------------------------

BACOU USA STOCK PRICE PERFORMANCE -- IPO TO PRESENT

                    [COMBINATION BAR AND LINE CHART OMITTED]

<Table>
   <S>           <C>
   (1) 6/7/96    Passing of Henn Bacou
   (2) 7/2/96    Philippe Bacou appointed Chairman
   (3) 4/14/98   Harriet Baldwin initiated research with "Strong Buy"
   (4) 7/20/98   General decline in financial markets
   (5) 7/23/98   Started trading on the NYSE
   (6) 11/3/98   Forbes ranked Bacou USA among 200 best small companies
   (7) 7/10/00   Hired investment bankers to consider strategic alternatives
   (8) 8/9/00    Completed acquisition of Platinum Protective Products
   (9) 12/15/00  Extended timeframe for possible sale into first quarter of 2001
</Table>


DEUTSCHE BANC ALEX. BROWN                                                      4
Deutsche Bank [LOGO]
<Page>

EXECUTIVE SUMMARY                                                      SECTION 1
--------------------------------------------------------------------------------

KEY EVENTS TO CLOSING

<Table>
<Caption>
   APPROXIMATE DATE                          EVENTS
--------------------- ----------------------------------------------------------------------------------
         <S>          <C>
         1/31         File Hart-Scott Rodino (approximately 30 days review)(1)

         2/15         Target signing date
                      File European anti-trust documents if necessary (approximately 30 days) (1)

         2/28         File proxy with SEC (approximately 30 days review)

         2/28         HSR approval

         3/15         European anti-trust approval

         3/29         SEC comments on proxy

         4/5          File amended proxy

         4/15         Completion of Bacou S.A. and Engineering H. Bacou audit

         4/19         Proxy approved by SEC
                      Proxy distributed to shareholders

         5/17         Shareholder vote (20 business days after distribution of proxy)

                      Closing
</Table>

(1) Approximately thirty days assuming there is no second review


DEUTSCHE BANC ALEX. BROWN                                                      5
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

SECTION 2

Overview of the offer for Groupe Bacou


DEUTSCHE BANC ALEX. BROWN                                                      6
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

OVERVIEW OF THE OFFER FOR GROUPE BACOU(1)

IT SHOULD BE NOTED THAT THERE IS A SIGNIFICANT DIFFERENTIAL IN THE CONSIDERATION
BEING PAID TO BACOU S.A. SHAREHOLDERS FOR THEIR SHARES OF BACOU USA AND THAT
BEING OFFERED TO THE SHAREHOLDERS OF BACOU USA. SPECIFICALLY, BACOU S.A.
SHAREHOLDERS ARE RECEIVING $19.141 IN CASH AND $5.859 IN THE FORM OF AN EARNOUT
AND PREFERRED STOCK VS. $25 in CASH FOR PUBLIC HOLDERS OF BACOU USA

ON A FAIR MARKET VALUE BASIS, THE BACOU S.A. SHAREHOLDERS ARE RECEIVING
CONSIDERATION AT A DISCOUNT TO THE $25 CASH OFFER TO THE PUBLIC HOLDERS OF BACOU
USA

<Table>
<Caption>
                                                                           PRICE PER               # OF                 $ IN
                                                                             SHARE                SHARES               MILLIONS
BACOU USA                                                               ----------------     ----------------       ---------------
<S>                                                                            <C>                  <C>                  <C>
Bacou USA shares owned by Bacou SA
     $45 million Series A preferred stock of Bacou S.A. (6% PIK)               $ 3.568              12.6126              $ 45.000
     Earnout considerations(2)                                                   2.291              12.6126                28.900
     Cash consideration                                                         19.141              12.6126               241.415
                                                                        ================                            ================
         TOTAL BACOU USA SHARES OWNED BY BACOU SA                               25.000                                    315.315

Bacou USA shares owned by public(3)                                             25.000               6.4174               137.555
                                                                                                                    ----------------
     TOTAL BACOU USA EQUITY VALUE                                                                                         452.870

Assumed Bacou USA debt                                                                                                    115.000
Expenses assumed by purchaser                                                                                              14.300
                                                                                                                    ----------------
  AGGREGATE VALUE FOR BACOU USA                                                                                           582.170

<Caption>
                                                                             FRF IN            FRF / USD                 $ IN
                                                                            MILLIONS            RATE(5)                MILLIONS
                                                                        ================     ==============         ===============
<S>                                                                      <C>                          <C>               <C>
BACOU SA (EXCL. HOLDINGS OF BACOU USA)
CASH paid at close                                                       FRF 1,229.280                7.054             $ 174.270
FRF 75 million Series B preferred stock of Bacou S.A. (6% current pay)          75.000                7.054                10.632
consulting agreement(4)                                                         70.539                7.054                10.000
Expenses assumed by purchaser                                                   10.581                7.054                 1.500
                                                                        ================                            ----------------
  AGGREGATE VALUE FOR BACOU SA (EXCL. BACOU USA)                             1,385.400                                    196.402

  AGGREGATE VALUE FOR GROUPE BACOU                                                                                        778.572
</Table>

(1) Based on January 12, 2001 communication from [BIDDER]
(2) Maximum earnout based on a four-year period
(3) Net of $22.88 million of options proceeds
(4) To be paid in equal installments over five years
(5) Rate on January 31, 2001 shown for illustrative purposes only


DEUTSCHE BANC ALEX. BROWN                                                      7
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

SUMMARY OF TERMS OF PREFERRED STOCK(1)

<Table>
<S>                   <C>
Security:             $45 million of series A preferred stock (the "Series A
                      Preferred Stock") of Bacou S.A. and the US Dollar
                      equivalent of FRF 75 million of series B senior preferred
                      stock of Bacou S.A. (the "Series B Preferred Stock",
                      collectively with the Series A Preferred Stock, the
                      "Preferred Stock")

Maturity Date:        2011 (10 years)

Use of Proceeds:      To fund a portion of the purchase price of the shares of
                      Bacou USA, Inc. held by Bacou S.A., and fund a portion of
                      the purchase price for Bacou S.A.

Dividends:            Series A Preferred Stock dividends will be payable
                      annually in additional shares of Series A Preferred Stock
                      at an annual rate of 6.0%

Optional Redemption:  The Preferred Stock is redeemable at any time in whole or
                      in part by the issuer at the accreted value on such date

Currency:             The Series A Preferred Stock shall be repaid in French
                      Francs based upon the then current French Franc to US
                      Dollar exchange rate, subject to a maximum of FRF 8.00/US
                      $1.00 and a minimum of FRF 6.00/US $1.00

                      The Series B Preferred Stock shall be issued and repaid in
                      French Francs

Ranking:              The Preferred Stock

                      (a) ranks senior in right of payment to all other classes
                      or series of the issuer's capital stock as to dividends
                      and distributions upon the issuer's liquidation, winding
                      up and dissolution; and

                      (b) ranks junior to all of the issuer's current and future
                      liabilities

Put Right:            The holders of the Preferred Stock shall have the right to
                      put the Preferred Stock at the accreted value upon the
                      occurrence of a Change of Control (to be defined) or at
                      the Maturity Date

Covenants:            None

Events of Default:    None
</Table>

(1)   Based on (a) [BIDDER]'s 'Modification to bid letter in response to
      financial issues raised on January 5, 2001' and (b) [BIDDER]'s
      communication of 'Composition of current [BIDDER]'s bid on January 12,
      2001.


DEUTSCHE BANC ALEX. BROWN                                                      8
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

PRESENT VALUE ANALYSIS OF OFFER(1)

<Table>
<Caption>
                                                                         UNDISCOUNTED                PRESENT VALUES
                                                                 -------------------------  ---------------------------
                                                                   PRICE PER     $ IN          PRICE PER       $ IN          # OF
BACOU USA                                                            SHARE      MILLIONS         SHARE        MILLIONS       SHARES
                                                                 ------------ ------------  ---------------  ----------    ---------
<S>                                                                  <C>         <C>              <C>          <C>          <C>
Bacou USA shares owned by Bacou SA
   $45 million Series A preferred stock of Bacou SA. (6% PIK)        $ 3.568     $ 45.000         $  1.579     $ 19.920(6)  12.6126
   Earnout considerations(2)                                           2.291       28.900            1.132       14.281(7)  12.6126
   Cash consideration                                                 19.141      241.415           19.141      241.415     12.6126
                                                                 ------------ ------------  ---------------  ----------
      TOTAL BACOU USA SHARES OWNED BY BACOU SA                        25.000      315.315           21.852      275.616

Bacou USA shares owned by public(3)                                   25.000      137.555           25.000      137.555      6.4174
                                                                              ------------  ---------------  ----------
   TOTAL BACOU USA EQUITY VALUE                                                   452.870                       413.171

Assumed Bacou USA debt                                                            115.000          115.000      115.000
Expenses assumed by purchaser                                                      14.300           14.300       14.300
                                                                              ------------                   ----------
   AGGREGATE VALUE FOR BACOU USA                                                  582.170                       542.471

<Caption>
                                                                    FRF IN         $ IN          FRF IN         $ IN         FRF/USD
                                                                   MILLIONS      MILLIONS       MILLIONS       MILLIONS      RATE(S)
                                                                -------------- ------------  ---------------  ----------    --------
<S>                                                             <C>               <C>         <C>               <C>            <C>
BACOU SA (EXCL. HOLDINGS OF BACOU USA)
Cash paid at close                                              FRF 1,229.280     $174.270    FRF 1,229.280     $174.270       7.054
FRF 75 million Series B preferred stock of Bacou S.A. (6% curren       75.000       10.632           46.512        6.594(8)    7.054
Consulting agreement(4)                                                70.539       10.000           61.079        8.659(9)    7.054
Expenses assumed by purchaser                                          10.581        1.500           10.581        1.500       7.054
                                                                -------------- ------------  ---------------  ----------
    AGGREGATE VALUE FOR BACOU SA (EXCL. BACOU USA)                  1,385.400      196.402        1,347.452      191.022

    AGGREGATE VALUE FOR GROUPE BACOU                                               778.572                       733.493
</Table>

(1) Based on January 12, 2001 communication from [BIDDER]
(2) Maximum eamout based on a four-year period
(3) Net of $22.88 million of options proceeds
(4) To be paid in equal installments over five years
(5) Rate on January 31, 2001 shown for illustrative purposes only
(6) Discounted at 15%
(7) Earnout stream discounted at 20%, plus a risk factor of 15% on resultant
    present value
(8) Discounted at 13%
(9) Discounted at 5%


DEUTSCHE BANC ALEX. BROWN                                                      9
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

VALUATION METRICS

($ millions, except per share data)

<Table>
<Caption>
VALUATION METRICS
-----------------
Premium (discount) to:                            STATISTICS     % PREMIUM
<S>                                                <C>            <C>
   Price prior to announcement (7/7/00)            $19.500         28.2%
   1-month prior (6/9/00)                           21.125         18.3%
   2-month prior (5/10/00)                          19.563         27.8%
   1-month prior average                            19.943         25.4%
   YTD average                                      26.111         (4.3)%
   52-week high (1/24/01)                           28.500        (12.3)%
   52-week low (2/25/00)                            14.500         72.4%
   Current price (1/31/01)                          26.640         (6.2)%

Offer price                                        $25.000
Equity value                                         452.9
Net debt and assumed expenses(1)                     129.3
Total enterprise value ("TEV")                       582.2

<Caption>
IMPLIED VALUATION METRICS(2)
   <S>                                             <C>             <C>
   TEV / LTM 9/30/00 revenues                      $ 308.5          1.9x
   TEV / LTM 9/30/00 EBITDA                           76.9          7.6x
   TEV / LTM 9/30/00 EBIT                            57.97         10.0x

   TEV / 2000E revenues                            $ 314.5          1.9x
   TEV / 2000E EBITDA                                 83.6          7.0x
   Offer price / 2000E EPS                            1.85         13.5x

   TEV / 2001E revenues                              349.1          1.7x
   TEV / 2001E EBITDA                                 97.9          5.9x
   Offer price / 2001E EPS                            2.50         10.0x
</Table>

(1) Includes $115m of net debt and expenses assumed of $14.3m
(2) Based on Company management estimates

                           1-YEAR TRADING PRICE BANDS

                          [STACKED BAR CHART OMITTED]

                         SINCE IPO TRADING PRICE BANDS

                          [STACKED BAR CHART OMITTED]


DEUTSCHE BANC ALEX. BROWN                                                     10
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

RELATIVE STOCK PRICE PERFORMANCE

THE BROADER INDICES OF INDUSTRIAL AND SMALL CAP COMPANIES HAVE DECLINED SINCE
THE ANNOUNCEMENT OF THE SALE PROCESS

<Table>
<Caption>
                                 AVERAGE PRIOR TO ANNOUNCEMENT                                        PERCENTAGE GAIN
                             -------------------------------------      PRICE ON(2)       ------------------------------------------
                              1-MONTH       1-WEEK         1-DAY         01/31/01          1-MONTH          1-WEEK           1-DAY
------------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>          <C>           <C>             <C>               <C>              <C>             <C>
BAU                           $ 19.943     $ 20.000      $ 19.500        $ 25.000           25.4%            25.0%           28.2%
S&P Industrials                1,815.2      1,820.0       1,833.7         1,611.4          (11.2)%          (11.5)%         (12.1)%
Russel 2000                      517.9        523.6         528.2           508.3           (1.8)%           (2.9)%          (3.8)%
Selected companies index(1)       98.1         97.9          97.4           100.9            2.8%             3.1%            3.5%
</Table>

(1) Consists of Checkpoint Systems Inc., Idex Corp., Kaydon Corp., Mine Safety
    Appliances Co., Regal-Beloit Corp., and Robbins & Myers Inc. Indexed price
    based on market capitalization
(2) Bacou's price is the offer price.


DEUTSCHE BANC ALEX. BROWN                                                     11
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

RELATIVE STOCK PRICE PERFORMANCE -- LTM

                              [LINE GRAPH OMITTED]

Note: Peer Group consists of Checkpoint Systems Inc., Idex Corp., Kaydon Corp.,
      Mine Safety Appliances Co., Regal-Beloit Corp., and Robbins & Myers Inc.


DEUTSCHE BANC ALEX. BROWN                                                     12
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

RELATIVE STOCK PERFORMANCE -- SINCE IPO

                              [LINE GRAPH OMITTED]

Note: Peer Group consists of Checkpoint Systems Inc., Idex Corp., Kaydon Corp.,
      Mine Safety Appliances Co., Regal-Beloit Corp., and Robbins & Myers Inc.


DEUTSCHE BANC ALEX. BROWN                                                     13
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

VALUATION SUMMARY

($ millions, except per share data)

I. VALUATION

<Table>
<Caption>
                                                      1-DAY PRIOR TO
                                                       ANNOUNCEMENT
                                     OFFER PRICE         (7/7/00)
---------------------------------------------------------------------
<S>                                    <C>               <C>
Price                                  $25.000           $19.500
Shares outstanding (millions)           19.030            19.030
Equity value                             452.9             348.2
Net debt and assumed expenses(1)         129.3             129.3
Total enterprise value ('TEV")           582.2             477.5
</Table>

II. SELECTED COMPANY MULTIPLES

<Table>
<Caption>
                                                   BACOU                               SELECTED COMPANIES MULTIPLES (2)
                                    ----------------------------------         -------------------------------------------------
                                      STATISTIC         OFFER PRICE             HIGH         LOW         MEAN        MEDIAN
----------------------------------------------------------------------       ---------------------------------------------------
<S>                                    <C>                 <C>                   <C>          <C>         <C>          <C>
LTM ended 9/30/00
Revenue - actual reported              $ 308.5              1.9x                 2.12x        0.78x       1.34x        1.24x
EBITDA - actual reported                  76.9              7.6x                  9.8x         6.4x        7.7x         7.5x
EBIT - actual reported                    58.0             10.0x                 14.6x         8.1x       10.9x        10.6x

Year 2000 expected
Revenue - Management estimate          $ 314.5              1.9x                 2.06x        0.87x       1.40x        1.27x
EBITDA - Management estimate           $  83.6              7.0x                  8.0x         5.4x        7.0x         7.3x
EBIT- Management estimate                 63.9              9.1x                 10.6x         8.8x        9.8x        10.0x
EPS - First Call estimate                 1.81             13.8x                 16.1x        11.2x       13.9x        14.1x
EPS - Management estimate                 1.85             13.5x

Year 2001 expected
Revenue - Management estimate          $ 349.1              1.7x                 1.88x        1.01x       1.36x        1.27x
EBITDA - Management estimate           $  97.9              5.9x                  6.9x         6.0x        6.4x         6.3x
EBIT - Management estimate                77.1              7.6x                  9.2x         7.8x        8.5x         8.4x
EPS - First Call estimate                 2.04             12.3x                 14.4x         9.1x       12.2x        12.6x
EPS - Management estimate                 2.50             10.0x
</Table>

III. TRANSACTION PREMIA

<Table>
<Caption>
                                  AVERAGE PRICE OF    IMPLIED OFFER
                                        BAU              PREMIUM
<S>                                    <C>                 <C>
---------------------------------------------------------------------
1-day prior to announment              $19.500             28.2%
1-week prior to announment             $20.000             25.0%
1-month prior to announment            $21.125             18.3%
</Table>

(1) Includes $115m of net debt and expenses assumed of $14.3m
(2) LTM data for comparable companies actual reported, 2000E and 2001E from
    research reports


DEUTSCHE BANC ALEX. BROWN                                                     14
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

SELECTED COMPANIES VALUATION ANALYSIS

($ millions, except per share data)

<Table>
<Caption>
                                                        TEV(1) /2000E REVENUE                          TEV(1)/2000E EBITDA
                                             -------------------------------------------   -----------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN      HIGH        LOW       MEAN      MEDIAN
------------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
Selected companies multiple                       2.06x      0.87x      1.40x      1.27x       8.0x       5.4x       7.0x       7.3x
Bacou statistic - Management estimates         $  314.5   $  314.5   $  314.5   $  314.5   $   83.6   $   83.6   $   83.6   $   83.6
Implied TEV                                       647.8      273.6      440.3      399.4      668.5      451.2      584.9      610.0
Implied equity value per share                 $ 28.451   $  8.163   $ 17.544   $ 15.278   $ 29.535   $ 18.118   $ 25.144   $ 26.461

<Caption>
                                                            TEV(1)/2000E EBIT                       PRICE/2000E CY EPS(2)
                                             -------------------------------------------   -----------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN      HIGH        LOW       MEAN      MEDIAN
------------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
Selected companies multiple                       10.6x       8.8x       9.8x      10.0x      16.1x      11.2x      13.9x      14.1x
Bacou statistic - Management estimates         $   63.9   $   63.9   $   63.9   $   63.9   $   1.81   $   1.81   $   1.81   $   1.81
Implied TEV                                       677.3      562.3      626.2      639.0
Implied equity value per share                 $ 30.001   $ 23.957   $ 27.315   $ 27.986   $ 29.141   $ 20.272   $ 25.159   $ 25.521
</Table>

(1)   Total enterprise value equals total equity value plus net debt and assumed
      expenses
(2)   2000E EPS based on First call


DEUTSCHE BANC ALEX. BROWN                                                     15
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

SELECTED COMPANIES VALUATION ANALYSIS (CONTINUED)

($ millions, except per share data)

<Table>
<Caption>
                                                        TEV(1) /2001E REVENUE                        TEV(1)/2001E EBITDA
                                             -------------------------------------------   -----------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN      HIGH        LOW       MEAN      MEDIAN
------------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
Selected companies multiple                       1.88x      1.01x      1.36x      1.27x       6.9x       6.0x       6.4x       6.3x
Bacou statistic - Management estimates         $  349.1   $  349.1   $  349.1   $  349.1   $   97.9   $   97.9   $   97.9   $   97.9
Implied TEV                                       656.2      352.5      474.7      443.3      675.5      587.4      626.6      616.8
Implied equity value per share                 $ 28.891   $ 12.628   $ 19.353   $ 17.703   $ 29.905   $ 25.275   $ 27.333   $ 26.818

<Caption>
                                                            TEV(1)/2001E EBIT                        PRICE/2001E CY EPS(2)
                                             -------------------------------------------   -----------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN      HIGH        LOW       MEAN      MEDIAN
------------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
Selected companies multiple                        9.2x       7.8x       8.5x       8.4x      14.4x       9.1x      12.2x      12.6x
Bacou statistic - Management estimates         $   77.1   $   77.1   $   77.1   $   77.1   $   2.04   $   2.04   $   2.04   $   2.04
Implied TEV                                       709.3      601.4      655.4      647.6
Implied equity value per share                 $ 31.682   $ 26.009   $ 28.846   $ 28.440   $ 29.376   $ 18.564   $ 24.888   $ 25.704
</Table>

(1)   Total enterprise value equals total equity value plus net debt and assumed
      expenses
(2)   2001E EPS based on First call


DEUTSCHE BANC ALEX. BROWN                                                     16
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

PRECEDENT TRANSACTION VALUATION ANALYSIS

($ millions, except per share data)

<Table>
<Caption>
                                                           TEV(1)/LTM REVENUE                         TEV(1)/LTM EBITDA
                                             -------------------------------------------   -----------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN      HIGH        LOW       MEAN      MEDIAN
------------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
Transaction multiple                              1.27x      0.64x      0.95x      0.97x       8.2x       5.1x       7.1x       7.3x
Bacou statistic - actual reported              $  308.5   $  308.5   $  308.5   $  308.5   $   76.9   $   76.9   $   76.9   $   76.9
Implied TEV                                       391.8      198.3      294.3      299.3      634.7      388.6      542.7      558.8
Implied equity value per share(2)              $ 14.849   $  3.901   $  9.333   $  9.614   $ 27.758   $ 14.668   $ 22.924   $ 23.771

<Caption>
                                                           TEV(1)/LTM EBIT
                                             -------------------------------------------
                                                 HIGH        LOW       MEAN      MEDIAN
----------------------------------------------------------------------------------------
<S>                                            <C>        <C>        <C>        <C>
Transaction multiple                              11.5x       7.4x       9.3x       9.2x
Bacou statistic - actual reported              $   58.0   $   58.0   $   58.0   $   58.0
Implied TEV                                       665.6      427.6      540.4      535.3
Implied equity value per share(2)              $ 29.386   $ 16.871   $ 22.807   $ 22.536
</Table>

(1) Total enterprise value equals total equity value plus net debt and assumed
    expenses
(2) Includes $115m of net debt and expenses assumed of $14.3m


DEUTSCHE BANC ALEX. BROWN                                                     17
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

ANALYST RESEARCH

<Table>
<Caption>
    FIRM/ANALYST               DATE       STOCK PRICE TARGET         RATING
--------------------       -----------   --------------------     -------------
<S>                          <C>                <C>                <C>
A.G. Edwards
  Kent Newcomb               06/16/00           $27.000                Buy

Deutsche Bank
  Harriet Baldwin            10/27/00           $29.000            Strong buy

UBS Warburg
  Walter Kirchberger         11/06/00           $26.000                Buy

Lehman Brothers
  Jeffrey Kessler            01/30/01           $26.000            Strong buy
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     18
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF THE OFFER FOR GROUPE BACOU                                 SECTION 2
--------------------------------------------------------------------------------

KEY TERMS OF THE SHARE PURCHASE AND MERGER AGREEMENTS

A NUMBER OF KEY TERMS OF THE DEFINITIVE AGREEMENTS ARE YET TO BE NEGOTIATED

<Table>
<S>                                     <C>
ACQUISITION STRUCTURE                   o Under discussion

FINANCING                               o Commitment letters (with no due diligence outs), condition to closing

S.A. CONTRACT

     REPRESENTATIONS AND WARRANTIES     o Limited to shareholders of Engineering H. Bacou, no representations and warranties made
                                          with respect to the US business, 18 month expiration
       INDEMNITY OBLIGATIONS OF EHB     o Capped at 20% of purchase price for Bacou S.A subject to a 2% deductible (excluding value
                       SHAREHOLDERS       of Bacou, Inc.), escrow required
          PURCHASE PRICE ADJUSTMENT     o Includes adjustment for the level of indebtedness, net worth (,working capital under
                                          discussion)

US CONTRACT

     REPRESENTATIONS AND WARRANTIES     o Standard public company reps. and warranties that expire at losing
                      FIDUCIARY OUT     o Limited fiduciary out
                               VOTE     o Under discussion

CONDITIONS TO CLOSING                   o Completion of 2000 audit for Bacou S.A and Engineering H. Bacou
                                        o Regulatory approvals
                                        o Non-compete agreements with Groupe Bacou employees to be determined
                                        o Consulting agreements with certain members of the Bacou family
                                        o Receive proceeds from financing
                                        o No material adverse change
                                        o Other conditions
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     19
Deutsche Bank [LOGO]
<Page>

REVIEW OF SALE PROCESS                                                 SECTION 3
--------------------------------------------------------------------------------

SECTION 3

Review of sale process


DEUTSCHE BANC ALEX. BROWN                                                     20
Deutsche Bank [LOGO]
<Page>

REVIEW OF SALE PROCESS                                                 SECTION 3
--------------------------------------------------------------------------------

KEY EVENTS TO DATE

<Table>
<Caption>
                                DATE                      KEY EVENTS
                          --------------------  -----------------------------------------
<S>                       <C>                   <C>
                          August 5, 2000        Information memoranda sent

                          September 11, 2000    First round bids received

                          September 25, 2000    Begin US management presentations

                          September 27, 2000    Begin data room and site visits

                          October 9, 2000       Begin France management presentations

                       |  November 21, 2000     Second round offer from [BIDDER]
                       |                        Second round offer from other bidder
                       |
                       |  December 15,2000      [BIDDER] revised offer
   Discussions with    |
[BIDDER]& other bidder |  December 21,2000      [BIDDER] revised offer
                       |
                       |  January 7, 2001       Other bidder's revised offer
                       |
                       |  January 12, 2001      [BIDDER] revised offer
                       |
                       |  January 15, 2001      Other bidder's revised offer
                       |
                       |  January 17, 2001      [BIDDER] exclusivity agreement executed
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     21
Deutsche Bank [LOGO]
<Page>

REVIEW OF SALE PROCESS                                                 SECTION 3
--------------------------------------------------------------------------------

SUMMARY OF SALE PROCESS

<Table>
<Caption>
      REGION                         CONTACTED   RECEIVED BOOKS    DECLINED AFTER BOOKS   BID RETURNED      MANAGEMENT PRESENTATION
      ------                         ---------   --------------    --------------------   ------------      -----------------------

<S>                                     <C>            <C>                  <C>                <C>                    <C>
North America                            76            50                   39                 11                      9

Europe                                   44            30                   16                 14                      7

North America/Europe                      5             5                    2                  3                     --
-----------------------------------------------------------------------------------------------------------------------------------

Total                                   125            85                   57                 28                     16
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     22
Deutsche Bank [LOGO]
<Page>

REVIEW OF SALE PROCESS                                                 SECTION 3
--------------------------------------------------------------------------------

FINAL NEGOTIATIONS AND BUYER SELECTION

o Subsequent to the second round bids, Deutsche Banc Alex. Brown and
  management held a number of meetings with the two bidders perceived to
  offer the best possibilities for achieving the highest price with the
  highest probability of closing

  - pursuant to arriving at a final two, discussions were held with all
    bidders (and with some who had dropped out) to ascertain prospects
    for enhanced bids
  - both bidders had issues relating to
    - exclusivity
    - French due diligence
    - structure
    - financing limitations and need for seller financing

o Offer made by [BIDDER] was chosen because

  - higher NPV of total considerations
  - higher cash
  - lower earnout and perceived better terms
  - strategic partner suggested greater motivation for closing
  - terms of contract acceptable
  - committed financing

DEUTSCHE BANC ALEX. BROWN                                                     23
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF [BIDDER]                                                   SECTION 4
--------------------------------------------------------------------------------

SECTION 4

Overview of [BIDDER]


DEUTSCHE BANC ALEX. BROWN                                                     24
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF [BIDDER]                                                   SECTION 4
--------------------------------------------------------------------------------

OVERVIEW OF [BIDDER]

[Overview of the bidder has been redacted]


DEUTSCHE BANC ALEX. BROWN                                                     25
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF POTENTIAL [EQUITY FINANCING SOURCE]                        SECTION 5
--------------------------------------------------------------------------------

SECTION 5

Overview of potential [EQUITY FINANCING SOURCE]


DEUTSCHE BANC ALEX. BROWN                                                     26
Deutsche Bank [LOGO]
<Page>

OVERVIEW OF POTENTIAL [EQUITY FINANCING SOURCE]                        SECTION 5
--------------------------------------------------------------------------------

OVERVIEW OF POTENTIAL [EQUITY FINANCING SOURCE]

[Overview of potential equity financing source has been redacted]


DEUTSCHE BANC ALEX. BROWN                                                     27
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS                                      SECTION 6
--------------------------------------------------------------------------------

SECTION 6

M&A and capital market conditions


DEUTSCHE BANC ALEX. BROWN                                                     28
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS                                      SECTION 6
--------------------------------------------------------------------------------

GENERAL ECONOMIC PARAMETERS

             A SHARP SLOWDOWN IS CHALLENGING THIS RECORD EXPANSION
           ---------------------------------------------------------

                                  US Real GDP

                              [LINE CHART OMITTED]

                    CONSUMER CONFIDENCE CONTINUES TO DECLINE
           ---------------------------------------------------------

                             US Consumer Confidence

                              [LINE CHART OMITTED]


DEUTSCHE BANC ALEX. BROWN                                                     29
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS                                      SECTION 6
--------------------------------------------------------------------------------

GENERAL ECONOMIC PARAMETERS (continued)

                         INFLATION CONCERNS HAVE EASED
           ---------------------------------------------------------

                    Core Consumer and Producer Price Indexes

                              [LINE CHART OMITTED]

                    US EQUITY MARKETS HAVE STUMBLED IN 2000
           ---------------------------------------------------------

                                US Equity Market

                              [LINE CHART OMITTED]


DEUTSCHE BANC ALEX. BROWN                                                     30
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS                                      SECTION 6
--------------------------------------------------------------------------------

LBO AND LEVERAGED LOAN ACTIVITY

LBO VOLUME WHICH IS STRONGLY TIED TO STATE OF FINANCING MARKETS TUMBLED ROUGHLY
39% IN 2000 FROM 1999

THIS ADVERSELY AFFECTED THE ABILITY TO ACHIEVE OPTIMAL PRICING

                            LEVERAGED LOAN ISSUANCE
           ---------------------------------------------------------

                              [LINE CHART OMITTED]

                            LEVERAGED BUYOUT VOLUME
           ---------------------------------------------------------

   [The following data was depicted as a bar chart in the printed material.]

<Table>
  <S>           <C>
   1992         $ 9.6
   1993         $11.0
   1994         $13.0
   1995         $20.9
   1996         $29.0
   1997         $28.7
   1998         $41.0
   1999         $63.4
  1Q 00         $12.9
  2Q 00         $ 4.9
  3Q 00         $14.1
  4Q 00         $ 7.1
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     31
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS                                      SECTION 6
--------------------------------------------------------------------------------

LENDING VOLUME

                             US SYNDICATED LENDING
           ---------------------------------------------------------

    [The following data was depicted as a bar chart in the printed material.]

<Table>
  <S>           <C>
   1993         $ 28.0
   1994         $ 81.0
   1995         $101.0
   1996         $135.0
   1997         $194.0
   1998         $273.0
  1Q 99         $ 53.0
  2Q 99         $ 94.0
  3Q 99         $ 85.0
  4Q 99         $ 88.0
  1Q 00         $ 77.0
  2Q 00         $ 90.0
  3Q 00         $ 77.0
  4Q 00         $ 66.0
</Table>

                              US LEVERAGED LENDING
           ---------------------------------------------------------

    [The following data was depicted as a bar chart in the printed material.]

<Table>
  <S>           <C>
   1993         $ 12.0
   1994         $ 31.0
   1995         $ 42.0
   1996         $ 65.0
   1997         $ 88.6
   1998         $128.5
  1Q 99         $ 54.0
  2Q 99         $ 31.0
  3Q 99         $ 58.0
  4Q 99         $ 47.0
  1Q 00         $ 48.8
  2Q 00         $ 44.2
  3Q 00         $ 47.4
  4Q 00         $ 35.4
</Table>

Note:

Leveraged loans defined as loans priced at spread to LIBOR + 150 or greater

Highly leveraged loans defined as loans priced at spread to LIBOR + 250 or
greater

SOURCE: LOAN PRICING CORPORATION/GOLD SHEETS


DEUTSCHE BANC ALEX. BROWN                                                     32
Deutsche Bank [LOGO]
<Page>

M&A AND CAPITAL MARKET CONDITIONS SECTION 6

LENDING VOLUME (continued)

                         LEVERAGED LOAN MARKET ACTIVITY
           ---------------------------------------------------------

    [The following data was depicted as a bar and line chart in the printed
                                   material.]

<Table>
<Caption>
             Volume (lhs)  # of Deals (rhs)
             ------------  ----------------

<S>             <C>               <C>
FEB             $14.0             42
MAR             $22.0             54
APR             $12.0             44
MAY             $12.0             59
JUN             $19.0             66
JUL             $12.0             41
AUG             $ 6.0             32
SEP             $17.0             44
OCT             $11.0             38
NOV             $14.0             36
DEC             $ 6.0             19
ME 1/25/01      $ 6.0             20
</Table>

Note: Deals in market for four weeks ended

SOURCE: PORTFOLIO MANAGEMENT DATA (ONLY INCLUDES NEW MONEY)

                   4Q 2000 LEVERAGED LOAN VOLUME BY INDUSTRY
           ---------------------------------------------------------

    [The following data was depicted as a bar and line chart in the printed
                                   material.]

<Table>
<Caption>
                    Volume (lhs)   # of Deals (rhs)
                    -------------  ----------------
<S>                     <C>               <C>
TELECOM/MEDIA           $ 8.8             24
BASIC INDUSTRIES        $ 8.2             25
CONSUMER PRODUCTS       $ 6.3             18
OTHER                   $ 2.2              7
SERVICES & LEASING      $ 1.0             12
TECH.                   $ 0.7              5
HEALTHCARE              $ 0.7              3
OIL & GAS               $ 0.4              3
TRANS./DEF.             $ 0.2              2
</Table>

SOURCE: PORTFOLIO MANAGEMENT DATA (ONLY INCLUDES NEW MONEY)


DEUTSCHE BANC ALEX. BROWN                                                     33
Deutsche Bank [LOGO]
<Page>

SELECTED COMPARABLE COMPANIES                                         APPENDIX I
--------------------------------------------------------------------------------

APPENDIX I

Selected comparable companies


DEUTSCHE BANC ALEX. BROWN                                                     34
Deutsche Bank [LOGO]
<Page>

SELECTED COMPARABLE COMPANIES                                         APPENDIX I
--------------------------------------------------------------------------------

SELECTED COMPANIES

                    SELECTED INDUSTRIAL COMPARABLE COMPANIES
--------------------------------------------------------------------------------
MARKET TRADING STATISTICS AND CONSENSUS ESTIMATES

<Table>
<Caption>
                                                                  FIRM VALUE AS A MULTIPLE OF:  FIRM VALUE AS A MULTIPLE OF:
                      CURRENT                                     ---------------------------  -----------------------------
                    SHARE PRICE  MKT. VALUE    NET    TOTAL FIRM  LTM(1)    LTM(1)     LTM(1)     2000       2000      2000
  COMPANY NAME       01/31/01     OF EQUITY    DEBT     VALUE      REV.     EBITDA      EBIT      REV.      EBITDA     EBIT
------------------ ------------  ----------  -------  ----------- -------  --------   --------  --------   ---------  -------
<S>                   <C>           <C>       <C>      <C>        <C>       <C>        <C>       <C>        <C>       <C>
ROBBINS & MYERS       $26.100       $286.7    $169.8   $  464.1   $ 409.2   $ 69.2     $ 45.3    $ 409.2    $ 69.2    $ 45.3
                                                                    1.13x     6.7x      10.2x      1.13x      6.7x     10.2x

KAYDON CORPORATION     25.230        754.5     (52.5)     702.0     330.6     82.7       66.8      340.3      96.1      79.8
                                                                    2.12x     8.5x      10.5x      2.06x      7.3x      8.8x

IDEX CORPORATION       30.340        929.4     233.5    1,162.8    705.3     144.5      118.8      704.3      153.2    116.5
                                                                   1.65x      9.8x       8.1x      1.65x       7.6x    10.0x

REGAL-BELOIT CORP.     17.800        373.7     383.7      757.4    560.6      94.6       71.3      595.6       94.9     71.6
                                                                   1.35x      8.0x      10.6x      1.27x       8.0x    10.6x

CHECKPOINT              8.950        271.0     334.7      605.7    610.4      87.1       41.6      693.5      111.6     62.9
                                                                   0.99x      7.0x      14.6x      0.87x       5.4x     9.6x

MINE SAFETY            23.650        319.2      73.9      393.1    504.3      61.3       33.7         NA         NA       NA
                                                                   0.78x      6.4x      11.7x
</Table>

<Table>
<Caption>
                    FIRM VALUE AS A MULTIPLE OF:  STOCK PRICE AS A MULTIPLE OF:
                   ------------------------------ ----------------------------
                      2001      2001      2001        2000E          2001E
  COMPANY NAME        REV.     EBITDA     EBIT       EPS (2)        EPS (2)
------------------ ---------  ---------  --------   ---------     -------------
<S>                  <C>        <C>        <C>        <C>           <C>
ROBBINS & MYERS      $ 460.9    $ 77.4     $50.4      $ 1.62        $ 1.81
                       1.01x      6.0x      9.2x       16.1x         14.4x

KAYDON CORPORATION     373.0     107.5      89.6        1.79          2.00
                       1.88x      6.5x      7.8x       14.1x         12.6x

IDEX CORPORATION       763.9     168.6     128.8        2.07          2.15
                       1.52x      6.9x      9.0x       14.7x         14.1x

REGAL-BELOIT CORP.     741.0     125.4      96.3        1.59          1.69
                       1.02x      6.0x      7.9x       11.2x         10.5x

CHECKPOINT                NA        NA        NA        0.67          0.98
                                                       13.4x          9.1x

MINE SAFETY               NA        NA        NA          NA            NA
</Table>

<Table>
-------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>         <C>      <C>       <C>       <C>      <C>       <C>        <C>       <C>       <C>        <C>
HIGH:               2.12x       9.8x     14.6x     2.06x     8.0x     10.6x     1.88x      6.9x      9.2x      16.1x      14.4x
LOW:                0.78x       6.4x      8.1x     0.87x     5.4x      8.8x     1.01x      6.0x      7.8x      11.2x       9.1x
MEAN:               1.34x       7.7x     10.9x     1.40x     7.0x      9.8x     1.36x      6.4x      8.5x      13.9x      12.2x
MEDIAN:             1.24x       7.5x     10.6x     1.27x     7.3x     10.0x     1.27x      6.3x      8.4x      14.1x      12.6x
-------------------------------------------------------------------------------------------------------------------------------
</Table>

(1) LTM DATA AS OF 9/30/00
(2) FIRST CALL CALENDARIZED ESTIMATES


DEUTSCHE BANC ALEX. BROWN                                                     35
Deutsche Bank [LOGO]
<Page>

PRECEDENT TRANSACTIONS                                               APPENDIX II
--------------------------------------------------------------------------------

APPENDIX II

Precedent transactions


DEUTSCHE BANC ALEX. BROWN                                                     36
Deutsche Bank [LOGO]
<Page>

PRECEDENT TRANSACTIONS                                               APPENDIX II
--------------------------------------------------------------------------------

Precedent transactions

($ in milllinon, except per share data)

<Table>
<Caption>
                                                                                                              TEV AS A MULTIPLE OF:
                                                                                                            ------------------------
ANNONCEMENT  TARGET/                                                                                           LTM      LTM    LTM
DATE         ACQUIROR                           TARGET DESCRIPTION                                   TEV     REVENUES  EBITDA  EBIT
-----------  ---------------------------------  -------------------------------------------------- -------- ---------- ------ ------
<S>          <C>                                <C>                                                 <C>       <C>      <C>    <C>
08/23/99     Omniquip International             Manufacturer of aerial work platforms               $477.0    $530.0   $ 61.0 $ 51.0
                Textron                                                                                        0.90x     7.8x   9.4x

09/29/00     Simpson Industries Inc.            Supplies powertrain and chassis products            $349.2    $543.3   $ 69.1 $ 41.2
                Heartland Industrial Partners   to manufacturers in the worldwide automotive                   0.64x     5.1x   8.5x
                                                and medium and heavy-duty diesel markets

05/11/99     Gradall Industries                 Leading manufacturer of rough-terrain, telescopic   $196.0    $178.0   $ 25.0 $ 23.0
                JLG Industries                  material handlers and excavators                               1.10x     7.8x   8.5x

06/15/99     Powerscreen International          Manufacturer of screens, dumpers, compaction,       $295.0    $369.0   $ 45.0 $ 40.0
                Terex                           and specialty equipment                                        0.80x     6.6x   7.4x

08/94        EnviroTech Pumpsystems Group (US)  Baker Hughes divested EnviroTech, its specialist    $210.0    $221.1   $ 28.8 $ 22.1
                Weir Group PLC (UK)             pump manufacturer, for a total of $210 million                 0.95x     7.3x   9.5x

05/07/99     Lear Corp-Electric Motor           Manufacture electric motors                         $310.0    $351.0   $ 47.0 $ 27.0
                Johnson Electric Holdings Ltd                                                                  0.88x     6.6x  11.5x

05/17/99     Wyman-Gordon Company               Maker of forged metal parts for turbines            $826.1    $834.4   $106.5 $ 78.7
                Precision Castparts                                                                            0.99x     7.8x  10.5x

05/18/99     Varlen Corp.                       Manufacturer of products used in the manufacturing  $669.1    $675.9   $109.0 $ 83.6
                Amsted Industries Inc.          of transportation equipment & petroleum analyzers              0.99x     6.1x   8.0x

06/17/96     Brenco Inc.                        A railroad-car equipment maker                      $159.2    $125.4   $ 19.3 $ 14.6
                Varlen Corp.                                                                                   1.27x     8.2x  10.9x

02/26/97     Marathon Electric Manufacturing    Manufactures electric motors                        $248.3    $245.2   $ 34.4 $ 27.2
                Regal-Beloit Corp.                                                                             1.01x     7.2x   9.1x
</Table>

<Table>
<Caption>
                                ------------------------------------------------
                                <S>               <C>        <C>         <C>
                                  MEAN:           0.95x      7.1x        9.3x
                                MEDIAN:           0.97x      7.3x        9.2x

                                  HIGH:           1.27x      8.2x        11.5x
                                   LOW:           0.64x      5.1x        7.4x
                                ------------------------------------------------
</Table>


DEUTSCHE BANC ALEX. BROWN                                                     37
Deutsche Bank [LOGO]

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)(8)
<SEQUENCE>9
<FILENAME>a2057292zex-99_c8.txt
<DESCRIPTION>EXHIBIT -99(C)(8)
<TEXT>
<Page>
                                                                EXHIBIT 99(c)(8)

BACOU USA FORECAST PREPARED IN JULY 2000

    In connection with Christian Dalloz' review of Bacou USA and in the course
of the negotiations between the Bacou Group and Christian Dalloz described in
"SPECIAL FACTORS--Background of the Merger and the Related Acquisition
Transaction," Bacou USA provided Christian Dalloz with certain non-public
business and financial information. Initially, Bacou USA provided Christian
Dalloz with projections prepared by Bacou USA's management in July 2000 and
which are set forth below. The July 2000 forecast was initially prepared for the
purpose of being included in the confidential information memorandum provided to
bidders in the first stage of the auction process. Because the July 2000
forecast was prepared more than ten months prior to the signing of the merger
agreement, by which time the actual operating performance of Bacou USA was such
as to indicate that such forecast was no longer reasonable and because there has
been a downturn in economic and industry trends since such forecast was
prepared, Bacou USA believes that the July 2000 forecast is unreliable.
Consequently, although the oversight committee, our board of directors and UBS
Warburg LLC reviewed the Bacou USA July 2000 forecast, they did not consider it,
with respect to the oversight committee and our board of directors, in
connection with approving the merger agreement and the merger, or with respect
to UBS Warburg LLC, in its analysis of the fairness from a financial point of
view of the merger consideration to be received by our public stockholders.

    Bacou USA does not, as a matter of course, publicly disclose forecasts or
analysis as to future revenues or earnings. The July 2000 forecast was not
prepared with a view to public disclosure and is included in this information
statement only because such information was made available to Christian Dalloz
in connection with its acquisition of Bacou USA. Accordingly, it is expected
that there will be differences between actual results and the potential results
reflected in the forecast, and actual results are likely to be materially less
than those set forth below. The July 2000 forecast analysis was not prepared
with a view to comply with the published guidelines of the SEC regarding
forecasts, nor was it prepared in accordance with the guidelines established by
the American Institute of Certified Public Accountants for preparation and
presentation of financial forecasts. Moreover, KPMG, Bacou USA's independent
auditors, has not examined, compiled or applied any procedures to the July 2000
forecast in accordance with standards established by the American Institute of
Certified Public Accountants and expresses no opinion or any assurance on its
reasonableness, accuracy or achievability. These forward-looking statements
reflect numerous assumptions made by Bacou USA's management, many of which are
inherently uncertain and subject to change. In addition, factors such as
industry performance, general business, economic, regulatory, and market and
financial conditions, all of which are difficult to predict, are likely to cause
the July 2000 forecast or the underlying assumptions to be inaccurate.
Accordingly, we believe that the July 2000 forecast is likely not to be
realized, and actual results are likely to be materially less favorable than
those contained in the July 2000 forecast.

    The inclusion of the July 2000 forecast herein should not be regarded as an
indication that the oversight committee, our board of directors, Bacou USA,
Christian Dalloz or any of their respective financial advisors considered or
consider the July 2000 forecast to be a reliable prediction of future events,
and the July 2000 forecast should not be relied upon as such. To the extent the
July 2000 forecast represents Bacou USA management's analysis of possible future
performance, such estimate is made only as of the date of such analysis and is
not made as of any later date, and stockholders should take this into account
when evaluating any factors or analyses based on the Bacou USA analysis.
<Page>
    The Bacou USA financial forecast prepared in July 2000 and provided to
Christian Dalloz is summarized below:

<Table>
<Caption>
                                                                2001       2002       2003
                                                              --------   --------   --------
<S>                                                           <C>        <C>        <C>
Net sales...................................................   $349.1     $392.4     $431.3
Cost of sales...............................................    182.8      203.7      219.8
                                                               ------     ------     ------
  Gross profit..............................................    166.3      188.7      211.5
Operating expenses:
  Selling...................................................     51.1       55.3       60.1
  General and administrative................................     22.0       22.7       23.9
  Research and development..................................      6.1        6.5        6.8
  Amortization of intangible assets.........................     10.0       10.0       10.0
                                                               ------     ------     ------
      Total operating expenses..............................     89.2       94.5      100.8
                                                               ------     ------     ------
Operating income............................................   $ 77.1     $ 94.3     $110.7
                                                               ======     ======     ======
</Table>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(D)
<SEQUENCE>10
<FILENAME>a2051688zex-99_d.txt
<DESCRIPTION>EXHIBIT 99.(D)
<TEXT>
<Page>
                                                             Exhibit 99.(d)


                                                                  EXECUTION COPY

                                                  COMPANY STOCKHOLDER AGREEMENT
                                          dated as of May 29, 2001, between
                                          CHRISTIAN DALLOZ, a societe anonyme
                                          duly incorporated and legally existing
                                          under the laws of the Republic of
                                          France ("Parent"), and BACOU SA, a
                                          societe anonyme duly incorporated and
                                          legally existing under the laws of the
                                          Republic of France (the
                                          "Stockholder").

    WHEREAS Parent, Daniel U. S. Sub, Inc., a Delaware corporation ("Sub"), and
BACOU USA, INC., a Delaware corporation (the "Company"), propose to enter into
an Agreement and Plan of Merger dated as of the date hereof (as the same may be
amended or supplemented, the "Merger Agreement"; capitalized terms used but not
defined herein shall have the meanings set forth in the Merger Agreement);

    WHEREAS the Stockholder owns the number of shares of Company Common Stock
set forth opposite its name on Schedule A hereto (such shares of Company Common
Stock, together with any other shares of capital stock of the Company acquired
by the Stockholder after the date hereof and during the term of this Agreement,
being collectively referred to herein as the "Subject Shares"); and

    WHEREAS, as a condition to its willingness to enter into the Merger
Agreement, Parent has requested that the Stockholder enter into this Agreement.

    NOW, THEREFORE, the parties hereto agree as follows:

    SECTION 1.  REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER.  The
Stockholder hereby represents and warrants to Parent as of the date hereof as
follows:

        (a)  AUTHORITY; EXECUTION AND DELIVERY; ENFORCEABILITY.  The Stockholder
    has all requisite power and authority to execute and deliver this Agreement
    and to consummate the transactions contemplated hereby. The Stockholder has
    duly executed and delivered this Agreement, and this Agreement constitutes
    the legal, valid and binding obligation of the Stockholder, enforceable
    against the Stockholder in accordance with its terms. Assuming approval of
    the transactions contemplated by this Agreement by the Board of Directors of
    the Company, the execution and delivery by the Stockholder of this Agreement
    do not, and the consummation of the transactions contemplated hereby and
    compliance with the terms hereof will not, materially conflict with, or
    result in any material violation of, or material default (with or without
    notice or lapse of time, or both) under, or give rise to a right of
    termination, cancelation or acceleration of any obligation or to loss of a
    material benefit under, or result in the creation of any material Lien upon
    any of the properties or assets of the Stockholder under, any provision of
    any material contract to which the Stockholder is a party or by which any
    properties or assets of the Stockholder are bound or, subject to the filings
    and other matters referred to in the next sentence, any provision of any
    judgment or law applicable to the Stockholder or the properties or assets of
    the Stockholder. No consent of, or registration, declaration or filing with,
    any Governmental Entity is required to be obtained or made by or with
    respect to the Stockholder in connection with the execution, delivery and
    performance of this Agreement or the consummation of the transactions
    contemplated hereby, other than such reports under Sections 13(d) and 16 of
    the Exchange Act as may be required in connection with this Agreement and
    the transactions contemplated hereby.

        (b)  THE SUBJECT SHARES.  The Stockholder is the record and beneficial
    owner of, or is the trustee of a trust that is the record holder of, and
    whose beneficiaries are the beneficial owners of, and has good and
    marketable title to, the Subject Shares, free and clear of any Liens. The
    Stockholder does not own, of record or beneficially, any shares of capital
    stock of the Company

                                      AA-1
<Page>


    other than the Subject Shares. The Stockholder has the sole right to vote
    the Subject Shares, and none of the Subject Shares is subject to any voting
    trust or other agreement, arrangement or restriction with respect to the
    voting of the Subject Shares, except as contemplated by this Agreement.

    SECTION 2.  REPRESENTATIONS AND WARRANTIES OF PARENT.  Parent hereby
represents and warrants to the Stockholder as follows: Parent has all requisite
corporate power and authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby. The execution and delivery by
Parent of this Agreement and consummation of the transactions contemplated
hereby have been duly authorized by all necessary action on the part of Parent.
Parent has duly executed and delivered this Agreement, and this Agreement
constitutes the legal, valid and binding obligation of Parent, enforceable
against Parent in accordance with its terms.

    SECTION 3.  COVENANTS OF THE STOCKHOLDER.  The Stockholder covenants and
agrees as follows:

        (a) (i) At any meeting of the stockholders of the Company called to seek
    the Company Stockholder Approval or in any other circumstances upon which a
    vote, consent or other approval (including by written consent) with respect
    to the Merger Agreement, the Merger or any other Transaction is sought, the
    Stockholder shall, including by executing a written consent solicitation if
    requested by Parent, vote (or cause to be voted) the Subject Shares in favor
    of granting the Company Stockholder Approval.

        (ii) The Stockholder hereby irrevocably grants to, and appoints, Parent,
    and any individual designated in writing by Parent, and each of them
    individually, as the Stockholder's proxy and attorney-in-fact (with full
    power of substitution), for and in the name, place and stead of the
    Stockholder, to vote the Subject Shares, or grant a consent or approval in
    respect of the Subject Shares in a manner consistent with this Section 3.
    The Stockholder understands and acknowledges that Parent is entering into
    the Merger Agreement in reliance upon the Stockholder's execution and
    delivery of this Agreement. The Stockholder hereby affirms that the
    irrevocable proxy set forth in this Section 3(a) is given in connection with
    the execution of the Merger Agreement, and that such irrevocable proxy is
    given to secure the performance of the duties of the Stockholder under this
    Agreement. The Stockholder hereby further affirms that the irrevocable proxy
    is coupled with an interest and may under no circumstances be revoked. The
    Stockholder hereby ratifies and confirms all that such irrevocable proxy may
    lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is
    executed and intended to be irrevocable in accordance with the provisions of
    Section 212(e) of the DGCL. The irrevocable proxy granted hereunder shall
    automatically terminate upon the termination of this Agreement in accordance
    with Section 4.

        (b) At any meeting of stockholders of the Company or at any adjournment
    thereof or in any other circumstances upon which the Stockholder's vote,
    consent or other approval is sought, the Stockholder shall vote (or cause to
    be voted) the Subject Shares against (i) any merger agreement or merger
    (other than the Merger Agreement and the Merger), consolidation,
    combination, sale of substantial assets, reorganization, recapitalization,
    dissolution, liquidation or winding up of or by the Company, (ii) any
    Company Takeover Proposal and (iii) any amendment of the Company Charter or
    the Company By-laws or other proposal or transaction involving the Company
    or any Company Subsidiary, which amendment or other proposal or transaction
    would in any manner impede, frustrate, prevent or nullify any provision of
    the Merger Agreement, the Merger or any other Transaction or change in any
    manner the voting rights of any class of Company Common Stock. The
    Stockholder shall not commit or agree to take any action inconsistent with
    the foregoing.

        (c) Other than as contemplated by this Agreement, the Stockholder shall
    not (i) sell, transfer, pledge, assign or otherwise dispose of (including by
    gift) (collectively, "Transfer"), or enter into any contract, option or
    other arrangement (including any profit sharing arrangement) with respect

                                      AA-2
<Page>
    to the Transfer of, any Subject Shares to any person other than pursuant to
    the Merger or (ii) enter into any voting arrangement, whether by proxy,
    voting agreement or otherwise, with respect to any Subject Shares and shall
    not commit or agree to take any of the foregoing actions.

        (d) The Stockholder shall not, nor shall it authorize or permit any
    officer, director or employee of, or any investment banker, attorney or
    other adviser or representative of, the Stockholder to, (i) directly or
    indirectly solicit, initiate or encourage the submission of, any Company
    Takeover Proposal, (ii) enter into any agreement with respect to any Company
    Takeover Proposal or (iii) directly or indirectly participate in any
    discussions or negotiations regarding, or furnish to any person any
    information with respect to, or take any other action to facilitate any
    inquiries or the making of any proposal that constitutes, or may reasonably
    be expected to lead to, any Company Takeover Proposal. The Stockholder
    promptly shall advise Parent orally and in writing of any Company Takeover
    Proposal or inquiry made to the Stockholder with respect to or that could
    reasonably be expected to lead to any Company Takeover Proposal, the
    identity of the person making any such Company Takeover Proposal or inquiry
    and the material terms of any such Company Takeover Proposal or inquiry.

        (e) The Stockholder shall use its best efforts to take, or cause to be
    taken, all actions, and to do, or cause to be done, and to assist and
    cooperate with the other parties in doing, all things necessary, proper or
    advisable to consummate and make effective, in the most expeditious manner
    practicable, the Merger and the other transactions contemplated by the
    Merger Agreement. Neither Parent nor the Stockholder shall issue any press
    release or make any other public statement with respect to the Merger or any
    other transaction contemplated by the Merger Agreement other than in
    accordance with the Master Agreement, except as may be required by
    applicable law, court process or by obligations pursuant to any listing
    agreement with any national securities exchange.

        (f) The Stockholder hereby consents to and approves the actions taken by
    the Company Board in approving the Merger and the other transactions
    contemplated by the Merger Agreement. The Stockholder hereby waives, and
    agrees not to exercise or assent, any appraisal rights under Section 262 in
    connection with the Merger.

    SECTION 4.  TERMINATION.  This Agreement shall terminate upon the earliest
of (a) the Effective Time, (b) the termination of the Merger Agreement in
accordance with its terms and (c) the Outside Date, other than with respect to
the liability of any party for breach hereof prior to such termination.

    SECTION 5.  ADDITIONAL MATTERS.  The Stockholder shall, from time to time,
execute and deliver, or cause to be executed and delivered, such additional or
further consents, documents and other instruments as Parent may reasonably
request for the purpose of effectively carrying out the transactions
contemplated by this Agreement.

    SECTION 6.  GENERAL PROVISIONS.

        (a)  AMENDMENTS.  This Agreement may not be amended except by an
    instrument in writing signed by each of the parties hereto.

        (b)  NOTICE.  All notices and other communications hereunder shall be in
    writing and shall be deemed given if delivered personally or sent by
    overnight courier (providing proof of delivery) to Parent in accordance with
    Section 9.02 of the Merger Agreement and to the Stockholder at its address
    set forth on Schedule A hereto (or at such other address for a party as
    shall be specified by like notice).

        (c)  INTERPRETATION.  When a reference is made in this Agreement to
    Sections, such reference shall be to a Section to this Agreement unless
    otherwise indicated. The headings contained in this Agreement are for
    reference purposes only and shall not affect in any way the meaning or

                                      AA-3
<Page>

    interpretation of this Agreement. Wherever the words "include", "includes"
    or "including" are used in this Agreement, they shall be deemed to be
    followed by the words "without limitation".

        (d)  SEVERABILITY.  If any term or other provision of this Agreement is
    invalid, illegal or incapable of being enforced by any rule or law, or
    public policy, all other conditions and provisions of this Agreement shall
    nevertheless remain in full force and effect so long as the economic or
    legal substance of the transactions contemplated hereby is not affected in
    any manner materially adverse to any party. Upon such determination that any
    term or other provision is invalid, illegal or incapable of being enforced,
    the parties hereto shall negotiate in good faith to modify this Agreement so
    as to effect the original intent of the parties as closely as possible in an
    acceptable manner to the end that transactions contemplated hereby are
    fulfilled to the extent possible.

        (e)  COUNTERPARTS.  This Agreement may be executed in one or more
    counterparts, all of which shall be considered one and the same agreement.
    This Agreement shall become effective against Parent when one or more
    counterparts have been signed by Parent and delivered to the Stockholder.
    This Agreement shall become effective against the Stockholder when one or
    more counterparts have been executed by the Stockholder and delivered to
    Parent. Each party need not sign the same counterpart.

        (f)  ENTIRE AGREEMENT; NO THIRD-PARTY BENEFICIARIES.  This Agreement
    (i) constitutes the entire agreement and supersedes all prior agreements and
    understandings, both written and oral, among the parties with respect to the
    subject matter hereof and (ii) is not intended to confer upon any person
    other than the parties hereto any rights or remedies hereunder.

        (g)  GOVERNING LAW.  This Agreement shall be governed by, and construed
    in accordance with, the laws of the State of Delaware regardless of the laws
    that might otherwise govern under applicable principles of conflicts of law
    thereof.

        (h)  ASSIGNMENT.  Neither this Agreement nor any of the rights,
    interests or obligations under this Agreement shall be assigned, in whole or
    in part, by operation of law or otherwise, by Parent without the prior
    written consent of the Stockholder or by the Stockholder without the prior
    written consent of Parent, and any purported assignment without such consent
    shall be void. Subject to the preceding sentences, this Agreement will be
    binding upon, inure to the benefit of, and be enforceable by, the parties
    and their respective successors and assigns.

        (i)  ENFORCEMENT.  The parties agree that irreparable damage would occur
    in the event that any of the provisions of this Agreement were not performed
    in accordance with their specific terms or were otherwise breached. It is
    accordingly agreed that the parties shall be entitled to an injunction or
    injunctions to prevent breaches of this Agreement and to enforce
    specifically the terms and provisions of this Agreement in any Delaware
    state court or any Federal court located in the State of Delaware, this
    being in addition to any other remedy to which they are entitled at law or
    in equity. In addition, each of the parties hereto (i) consents to submit
    itself to the personal jurisdiction of any Delaware state court or any
    Federal court located in the State of Delaware in the event any dispute
    arises out of this Agreement or any Transaction, (ii) agrees that it will
    not attempt to deny or defeat such personal jurisdiction by motion or other
    request for leave from any such court, (iii) agrees that it will not bring
    any action relating to this Agreement or any Transaction in any court other
    than a Delaware state court or any Federal court sitting in the State of
    Delaware and (iv) waives any right to trial by jury with respect to any
    claim or proceeding related to or arising out of this Agreement or any
    transaction contemplated hereby.

        (j)  STOCKHOLDER CAPACITY.  The Stockholder signs solely in its capacity
    as the record holder and beneficial owner of the Subject Shares and nothing
    herein shall limit or affect any actions taken by the Stockholder or any of
    its officers and dirctors in its or their capacity as an officer or director
    of the Company and no such action shall be deemed a breach of this
    Agreement.

                                      AA-4
<Page>

    IN WITNESS WHEREOF, each party has duly executed this Agreement, all as of
the date first written above.

                             CHRISTIAN DALLOZ,

                             by   /s/ PHILIPPE ALFROID
                                  ------------------------------
                                  Name: Philippe Alfroid
                                  Title: President

                             BACOU SA,

                             by   /s/ PHILIPPE BACOU
                                  -------------------------------
                                  Name: Philippe Bacou
                                  Title: President


                                      AA-5

</TEXT>
</DOCUMENT>
</SUBMISSION>
