0001047469-03-026564 Sample Contracts

AMERICAN STOCK TRANSFER & TRUST COMPANY (as Trustee) $10,000,000 6% Junior Subordinated Notes due December 31, 2010
Alpine Group Inc /De/ • August 7th, 2003 • Drawing & insulating of nonferrous wire • New York
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VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 P.M., NEW YORK CITY TIME, ON , 2003 THE ALPINE GROUP, INC. Subscription Rights for Series A Cumulative Convertible Preferred Stock, par value $1.00 per share
Alpine Group Inc /De/ • August 7th, 2003 • Drawing & insulating of nonferrous wire

As the registered owner of this Rights Certificate, you are the owner of the number of subscription rights (each, a "Right") as shown above. Each subscription right entitles you to subscribe for and purchase one share of the series A cumulative convertible preferred stock, par value $1.00 per share (the "Series A Preferred Stock"), of The Alpine Group, Inc., a Delaware corporation (the "Company"), at the subscription price of $380.00 per share. Rights may be exercised at any time during the subscription period, which commences on , 2003 and ends at 5:00 p.m., New York City time, on , 2003, unless extended under certain circumstances (as it may be extended, the "Expiration Date"). After the Expiration Date, unexercised Rights will be null and void. The Company will not be obligated to honor any purported exercise of Rights received by American Stock Transfer & Trust Company (the "Subscription Agent") after the Expiration Date, regardless of when the documents relating to such exercise w

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