Disposal

Oxford Instruments PLC 19 June 2000 Oxford Instruments plc sells its cathodoluminescence and accessories business Oxford Instruments plc, the advanced instrumentation company, announced today that it has sold its cathodoluminescence and accessories business ('CL') based in Oxford to Roper Industries Ltd ('Roper'), a subsidiary of Roper Industries, Inc. The final consideration is expected to exceed £2.0m in cash, and is subject to the preparation of completion accounts. In the year to 31 March 2000 CL made an operating profit of £0.1m on turnover of £2.2m. The sale involves the transfer of tangible net assets valued at approximately £1.1m. CL manufactures specialist products for electron microscopy and is completely separate from Oxford Instruments' core microanalysis business. Oxford Instruments plc Chief Executive Andrew Mackintosh said: 'The disposal of this business is consistent with our recent reorganisation and will allow increased focus on our core product lines. CL has some outstanding technology and people and, under its new ownership, it will be well placed to take advantage of opportunities in its market place.' Enquiries: Oxford Instruments plc 01865 881 437 Andrew Mackintosh Martin Lamaison Citigate Dewe Rogerson 020 7638 9571 John Rudofsky
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