X0202 3 2006-10-26 0 0001003429 REUNION INDUSTRIES INC RUN 0000085149 WEBFINANCIAL CORP 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 0 1 See Explanation of Responses 0001262861 STEEL PARTNERS LLC C/O STEEL PARTNERS II, L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 0 1 See Explanation of Responses 0001005784 LICHTENSTEIN WARREN G C/O STEEL PARTNERS II, L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 0 1 See Explanation of Responses 0000915653 STEEL PARTNERS II LP 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 0 0 0 1 See Explanation of Responses Common Stock 779420 D This Form 3 is filed jointly by WebFinancial Corporation ("WebFinancial"), Warren G. Lichtenstein, Steel Partners, L.L.C. ("Steel LLC") and Steel Partners II, L.P. ("Steel LP"). The securities reported in this Form 3 are owned directly by WebFinancial and owned indirectly by Steel LP by virtue of it being a controlling stockholder of WebFinancial, by Steel LLC by virtue of it being the general partner of Steel LP and by Mr. Lichtenstein by virtue of his position as the sole executive officer and managing member of Steel LLC. Steel LP, Steel LLC and Mr. Lichtenstein disclaim beneficial ownership of the shares owned by WebFinancial except to the extent of their pecuniary interest therein. The Reporting Persons are members of a Section 13(d) group that owns more than 10% of the Issuer's outstanding common stock. By: By: WebFinancial Corporation, By: James Henderson, Chief Executive Officer 2006-11-03 By: By: Steel Partners, L.L.C., By: Lauren Isenman, as Attorney in Fact for Warren G. Lichtenstein, Managing Member 2006-11-03 By: By: /s/ Lauren Isenman, as Attorney In Fact for Warren G. Lichtenstein 2006-11-03 By: By: Steel Partners II, L.P., By: Steel Partners, L.L.C., General Partner, By: Lauren Isenman, as Attorney in Fact for Warren G. Lichtenstein, Managing Member 2006-11-03