THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

WHX Corporation (WHXCQ.PK)

10/12/2005 8K Information

Warren G. Lichtenstein, Chairman of the Board of the Company, is the sole executive officer and managing member of Steel Partners, L.L.C., the general partner of Steel Partners II, L.P. Steel Partners II, L.P. owns approximately 50% of the shares of the Company’s Common Stock. In addition, Warren G. Lichtenstein is the Chairman and Chief Executive Officer of Steel Partners, Ltd., an affiliate of Steel Partners II, L.P., and Glen M. Kassan, John Quicke and Jack L. Howard, directors of the Company, are employees of Steel Partners, Ltd.

8/16/2005 8K Information

Garen W. Smith owns 49% of Abundance Corp., which had a consulting agreement with WHX (as it existed prior to the effective date of the Chapter 11 Plan of Reorganization) that terminated in February of 2005. Abundance Corp. was paid $200,000 per annum under the terms of the consulting agreement.

4/29/2004 Proxy Information

Mr. LeBlanc served as the Company's Principal Executive Officer through March 2003, when he resigned from his positions with the Company.

James G. Bradley served as Executive Vice President of WHX Corporation from March 2003 thru January 2004.

Mr. Olshan is Of Counsel to Olshan Grundman Frome Rosenzweig & Wolosky LLP, which the Company has retained as its outside general counsel since January 1991. The fees paid such firm by the Company do not exceed 5% of such firm's gross revenues for the fiscal year ended December 31, 2003.

Neil D. Arnold, a director of the Company, joined WPN Corp. as an officer in August 2001. WPN Corp. is wholly-owned by Ronald LaBow, who was the former Chairman of the Board and was party to a management agreement with the Company until January 31, 2004. Mr. Arnold was paid $500,000 by WPN for his services in 2003.

Garen W. Smith owns 49% of Abundance Corp., which has a consulting agreement with the Company. Abundance Corp. is paid $200,000 per annum under the terms of the consulting agreement.

5/3/2003 Proxy Information

Marvin L. Olshan, a director and Secretary of the Company, is Of Counsel of Olshan Grundman Frome Rosenzweig & Wolosky LLP ("OGFR&W"). The Company has retained OGFR&W as its outside general counsel since January 1991. The fees paid such firm by the Company do not exceed 5% of such firm's gross revenues for the fiscal year ended December 31, 2002.

Neil D. Arnold, a director of the Company, joined WPN Corp. as an officer in August 2001. WPN Corp. is wholly-owned by Ronald LaBow, Chairman of the Board of the Company, and is party to a management agreement with the Company - see below. Mr. Arnold was paid $500,000 by WPN for his services in 2002.

Garen W. Smith, a director of the Company and former president and chief executive officer of Unimast Incorporated, a former wholly-owned subsidiary of the Company until its sale in 2002, received a payment $2,734,700 in 2002 relating to his efforts in connection with the sale of Unimast Incorporated by the Company prior to the time he became a director of the Company.

Pursuant to a management agreement effective as of January 3, 1991, as amended, approved by a majority of the Company's disinterested directors, WPN Corp., of which Ronald LaBow, the Chairman of the Board of the Company, is the sole stockholder and an officer and director, provides financial, management, advisory and consulting services to the Company, subject to the supervision and control of the Company's disinterested directors.