Results of Offer to Purchase Senior Notes

RNS Number : 2017P

Melrose PLC

22 October 2012

MELROSE PLC

ELSTER ANNOUNCES RESULTS OF ITS OFFER TO PURCHASE €250 MILLION 6.25% SENIOR NOTES DUE 2018

Melrose PLC's subsidiary, Elster Group SE ("Elster") today announced the results of its previously announced offer to purchase €250 million in aggregate principal amount of 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), 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 "Change of Control Offer"). The Change of Control Offer was made pursuant to the change of control provisions of the Indenture dated 21 April 2011 (the "Indenture"), under which the Notes were issued.

The Change of Control Offer expired at midnight, New York Time, on 18 October 2012.

According to information provided by Deutsche Bank AG, London Branch, no Notes were tendered in the Change of Control Offer.

As previously announced, Elster intends to give notice of its intention to redeem the outstanding €250 million in aggregate principal amount of the Notes at the applicable makewhole price pursuant to the Indenture no later than 28 October 2012. Any such notice may be subject to conditions precedent.

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.

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