|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.                                                         | Amendment      of Profit Sharing Plan:  The Management Development and      Compensation Committee desires to amend the 2005 Titanium Metals      Corporation Profit Sharing Plan, amended and restated as of April 6, 2005      (the “Profit Sharing Plan”) to give the chief executive officer authority      to determine employee eligibility under the Profit Sharing      Plan.   |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                       | Section      III(q) of the Profit Sharing Plan is amended by amending the definition of      “Relevant Authority” to read in its entirety asfollows:                                                                                                                                                                                                                                                        |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (q)                                                        | “Relevant      Authority” shall mean the Company’s Chief Executive Officer for      compensation matters pertaining to all employees of the      Company.                                                                                                                                                                                                                                             |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                       | Section      V(b) of the Profit Sharing Plan is amended by amending such section to      read in its entirety as follows:                                                                                                                                                                                                                                                                                               |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (b)                                                        | The      Compensation Committee will recommend to the Board, and the Board will      approve, the Minimum Operating Income Level and Maximum Operating Income      Level for the Plan Year.  The Minimum Operating Income Level and      Maximum Operating Income Level will be announced to the Eligible Employees      as soon as practical after approval.                                                 |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                       | Schedule      A to the Profit Sharing Plan is superseded and replaced to read in its      entirety as set forth on Schedule A attached hereto.                                                                                                                                                                                                                                                                          |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
| *          *     * |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 2.                                                         | Terms      and Conditions of Plan:  Except for the above amendment,      all terms and conditions of the Profit Sharing Plan are unamended and      shall remain in full force and effect.                                                                                                                                                                                                                    |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 3.                                                         | Execution:  This      amendment to the Amended and Restated Profit Sharing Plan is executed on      this 21st day      of February, 2008.                                                                                                                                                                                                                                                                     |

|   |                             |
|--------|----------------------------------|
|   | TITANIUM      METALS CORPORATION |

|   | By: |   | /s/ Andrew B.      Nace                                                                                                        Andrew      B. Nace, Vice President, General Counsel and Assistant      Secretary |   |
|--------|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

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| North      America |   |
|--------------------|--------|
| Grade              |   |   |   |   |   |   |
| Level              |   | UN | NI | FP | EE | OS |
| COO                | Min    | 0.0% | 5.0% | 25.0% | 31.0% | 37.0% |
|               | Max    | 0.0% | 21.0% | 105.0% | 112.0% | 119.0% |
|               |   |   |   |   |   |   |
| E12                | Min    | 0.0% | 3.4% | 17.0% | 21.0% | 25.0% |
|               | Max    | 0.0% | 13.0% | 64.0% | 68.0% | 73.0% |
|               |   |   |   |   |   |   |
| E11                | Min    | 0.0% | 2.8% | 14.0% | 18.0% | 22.0% |
|               | Max    | 0.0% | 11.0% | 54.0% | 58.0% | 63.0% |
|               |   |   |   |   |   |   |
| E10                | Min    | 0.0% | 2.2% | 11.0% | 14.0% | 17.0% |
|               | Max    | 0.0% | 9.0% | 45.0% | 48.0% | 52.0% |
|               |   |   |   |   |   |   |
| E09                | Min    | 0.0% | 2.0% | 10.0% | 13.0% | 16.0% |
|               | Max    | 0.0% | 9.0% | 43.0% | 46.0% | 49.0% |
|               |   |   |   |   |   |   |
| E08                | Min    | 0.0% | 1.8% | 9.0% | 12.0% | 15.0% |
|               | Max    | 0.0% | 7.0% | 37.0% | 40.0% | 44.0% |
|               |   |   |   |   |   |   |
| E07                | Min    | 0.0% | 1.6% | 8.0% | 11.0% | 14.0% |
|               | Max    | 0.0% | 6.0% | 32.0% | 36.0% | 39.0% |
|               |   |   |   |   |   |   |
| E06                | Min    | 0.0% | 1.2% | 6.0% | 10.0% | 14.0% |
|               | Max    | 0.0% | 6.0% | 28.0% | 32.0% | 37.0% |
|               |   |   |   |   |   |   |
| E05                | Min    | 0.0% | 1.0% | 5.0% | 9.0% | 13.0% |
|               | Max    | 0.0% | 5.0% | 25.0% | 29.0% | 34.0% |
|               |   |   |   |   |   |   |
| E04                | Min    | 0.0% | 1.0% | 5.0% | 9.0% | 13.0% |
|               | Max    | 0.0% | 4.0% | 22.0% | 27.0% | 31.0% |
|               |   |   |   |   |   |   |
| E03                | Min    | 0.0% | 1.0% | 5.0% | 9.0% | 13.0% |
|               | Max    | 0.0% | 4.0% | 20.0% | 25.0% | 29.0% |
|               |   |   |   |   |   |   |
| E02                | Min    | 0.0% | 1.0% | 5.0% | 9.0% | 13.0% |
|               | Max    | 0.0% | 4.0% | 20.0% | 25.0% | 29.0% |

----

| NE5    | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
|--------|--------|--------|--------|--------|--------|--------|
|   | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| NE4    | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
|   | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| NE3    | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
|   | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| NE2    | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
|   | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| NE1    | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
|   | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| Hourly | Min    | 0.0%   | 1.0%   | 5.0%   | 9.0%   | 13.0%  |
| THT    | Max    | 0.0%   | 4.0%   | 20.0%  | 25.0%  | 29.0%  |
|   |   |   |   |   |   |   |
| Hourly | Min    | 0.0%   | 5.0%   | 5.0%   | 5.0%   | 5.0%   |
| HDN    | Max    | 0.0%   | 20.0%  | 20.0%  | 20.0%  | 20.0%  |

| UK     |        |   |   |   |   |   |   |
|--------|-------------|--------|--------|--------|--------|--------|--------|
|   | Grade       |   | UN     | NI     | FP     | EE     | OS     |
|   | 11          | Min    | 0%     | 2.8%   | 14%    | 18%    | 22%    |
|   | Max         | 0%     | 11.0%  | 54%    | 58%    | 63%    |
|   |        |   |   |   |   |   |   |
|   | 10          | Min    | 0%     | 2.2%   | 11%    | 14%    | 17%    |
|   | Max         | 0%     | 9.0%   | 45%    | 48%    | 52%    |
|   |        |   |   |   |   |   |   |
|   | 9           | Min    | 0%     | 2.0%   | 10%    | 13%    | 16%    |
|   | Max         | 0%     | 9.0%   | 43%    | 46%    | 49%    |
|   |        |   |   |   |   |   |   |
|   | 8           | Min    | 0%     | 1.8%   | 9%     | 12%    | 15%    |
|   | Max         | 0%     | 7.0%   | 37%    | 40%    | 44%    |
|   |        |   |   |   |   |   |   |
|   | 7           | Min    | 0%     | 1.6%   | 8%     | 11%    | 14%    |
|   | Max         | 0%     | 6.0%   | 32%    | 36%    | 39%    |
|   |        |   |   |   |   |   |   |
|   | 1      to 6 | Min    | 0%     | 0.0%   | 4%     | 6%     | 8%     |
|   |        | Max    | 0%     | 7.0%   | 20%    | 22%    | 26%    |
|   |        |   |   |   |   |   |   |

----

| Savoie   |   | UN     | NI     | FP     | EE     | OS     |
|----------|--------|--------|--------|--------|--------|--------|
|     |   |   |   |   |   |   |   |
|     | 10     | Min    | 0%     | 0%     | 8%     | 10%    | 12% |
|     |   | Max    | 0%     | 0%     | 26%    | 31%    | 37% |
|     |   |   |   |   |   |   |   |
|     | 9      | Min    | 0%     | 0%     | 7%     | 9%     | 11% |
|     |   | Max    | 0%     | 0%     | 21%    | 27%    | 32% |
|     |   |   |   |   |   |   |   |
|     | 8      | Min    | 0%     | 0%     | 6%     | 8%     | 10% |
|     |   | Max    | 0%     | 0%     | 17%    | 22%    | 28% |
|     |   |   |   |   |   |   |   |
|     | 7      | Min    | 0%     | 0%     | 4%     | 6%     | 9% |
|     |   | Max    | 0%     | 0%     | 11%    | 17%    | 22% |
|     |   |   |   |   |   |   |   |
|     | 6      | Min    | 0%     | 0%     | 3%     | 5%     | 7% |
|     |   | Max    | 0%     | 0%     | 7%     | 13%    | 19% |
|     |   |   |   |   |   |   |   |
|     | 5      | Min    | 0%     | 0%     | 2%     | 4%     | 6% |
|     |   | Max    | 0%     | 0%     | 6%     | 11%    | 16% |
|     |   |   |   |   |   |   |   |
| Loterios |   |   |   |   |   |   |
|     |   |   | UN     | NI     | FP     | EE     | OS |
|     | 10     | Min    | 0%     | 0%     | 10%    | 13%    | 16% |
|     |   | Max    | 0%     | 0%     | 40%    | 44%    | 47% |
|     |   |   |   |   |   |   |   |
|     | 9      | Min    | 0%     | 0%     | 9%     | 12%    | 15% |
|     |   | Max    | 0%     | 0%     | 34%    | 37%    | 40% |
|     |   |   |   |   |   |   |   |
|     | 8      | Min    | 0%     | 0%     | 7%     | 10%    | 13% |
|     |   | Max    | 0%     | 0%     | 30%    | 34%    | 37% |
|     |   |   |   |   |   |   |   |
|     | 7      | Min    | 0%     | 0%     | 5%     | 8%     | 11% |
|     |   | Max    | 0%     | 0%     | 25%    | 28%    | 31% |

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