Tender Offer

Bodycote International PLC 18 January 2001 BODYCOTE INTERNATIONAL PLC COMPLETES TENDER OFFER FOR LINDBERG CORPORATION Bodycote International plc ('Bodycote' or 'the Company') announces that it has completed its $18.125 per share cash tender offer for the outstanding common shares of Lindberg Corporation ('Lindberg') and has accepted for payment 5,509,750 shares, or approximately 97.3 per cent. of the outstanding Lindberg shares. The tender offer was made pursuant to a merger agreement between the Company, Bodycote Investments VI (a wholly owned subsidiary of the Company) and Lindberg. Under the terms of the merger agreement, the remaining Lindberg shares will be converted in a merger into the right to receive the $18.125 per share amount paid in the tender offer. The Company intends to complete the merger of its subsidiary into Lindberg within a week. The combination of Lindberg's and Bodycote's North American commercial heat treatment operations provides North American industry with a more extensive metallurgical services group from an enlarged network of 63 plants, which provides a more viable alternative for clients operating in house facilities. Bodycote's North American management team is now working on integrating the operations of Bodycote and Lindberg to ensure the full benefits of the acquisition are realised. Enquiries: Bodycote 01625 505 300 John Chesworth, Managing Director David Landless, Finance Director Dresdner Kleinwort 020 7623 8000 Wasserstein Chris Treneman Financial Dynamics 020 7831 3113 Scott Fulton

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Bodycote (BOY)
UK 100

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