Acquisition

Bodycote International PLC 12 April 2001 PRESS RELEASE Bodycote International plc Bodycote acquires K-Tech, Inc of Arkansas Bodycote International plc, the international metal processing group, announces the acquisition of the whole of the issued share capital of K-Tech Inc., of Hot Springs, Arkansas. Bodycote already owns K-Tech's sister company in the UK, Bodycote K-Tech Limited of Macclesfield which was acquired in 1999. K-Tech provides unique ceramic coatings to the North American market, and primarily serves the oil, textiles and fluid handling (pumps) and plastics industries. Mr Jeff Carr and Mr Dave Hair, K-Tech's former owners, will join Bodycote with responsibility for technical and market development. Total consideration for the purchase was US$5.3 million (£3.69 million), which was paid in cash. K-Tech's sales for the year ended 31 December 2000 amounted to US$2.9 million (£2 million), and earnings before interest and tax, on an ongoing basis, were US$1.088 million (£757,000). Net assets acquired were US$1.2 million (£ 835,000). The acquisition will broaden the range of Bodycote's coatings services and expertise in North America. Enquiries: John Chestworth Chief Executive Bodycote International plc Tel: 01625-500300 Martyn Wilton Director Bodycote International plc Tel: 001-978-470-1620 John Hubbard Director Bodycote North America, Inc. Tel: 001-214-904-2427

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Bodycote (BOY)
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