Elster Bond Change of Control Offer

RNS Number : 4579M

Melrose PLC

17 September 2012

MELROSE PLC

ELSTER BOND CHANGE OF CONTROL OFFER

Melrose PLC's subsidiary, Elster Group SE ("Elster") has today announced that, effective 17 September 2012, Elster commenced an offer to purchase (the "Offer") its 6.25% Senior Notes due 2018 (the "Notes") (Regulation S Notes: Common Code 061702750, ISIN XS0617027502, Rule 144A Notes: Common Code 061702784, ISIN XS0617027841) upon the terms and conditions set forth in the Offer dated 17 September 2012, at a price in cash equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the date of purchase. The Offer is being made pursuant to the Change of Control provisions of the Indenture dated 21 April 2011, as amended or supplemented pursuant to which the Notes were issued.

The Offer will expire at midnight, New York Time, on 18 October 2012, unless extended. The tender agent and paying agent for this Offer is Deutsche Bank AG, London Branch.

This announcement is for information purposes only and is neither an offer to purchase nor a solicitation of an offer to buy, sell, issue or subscribe securities. The offer to purchase is made solely by means of the Offer.

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