Completion of Disposal of Testing Business

BODYCOTE PLC                                  

                  COMPLETION OF DISPOSAL OF TESTING BUSINESS                   

Bodycote plc, the specialist thermal processing company, is very pleased to
announce that it has completed the disposal of the group's Testing Strategic
Business Unit to Clayton Dubilier & Rice for a cash consideration of £417
million.

A circular dealing with the prospective return of capital is expected to be
sent to shareholders for their consideration in November.

 

Alan Thomson, Chairman of Bodycote plc, said:

 

"We are very pleased to have completed this value crystallising transaction,
especially given the current financial market conditions. It is an
excellent result for our shareholders. The Group will now be focussed on
developing the wide ranging opportunities for the Thermal Processing business"

For further information, please contact:

Bodycote plc

John Hubbard, Chief Executive Officer Telephone: [phone]

David Landless, Group Finance Director Telephone: [phone]

Financial Dynamics

Jon Simmons Telephone: [phone]

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