Acquisition

Halma PLC 27 November 2006 Halma p.l.c. ('Halma') ACQUISITION OF TRITECH and SYSTEM TECHNOLOGIES Halma, the leading safety, health and sensor technology group, announces the completion on 24 November 2006 of the acquisition of Tritech Holdings Limited ('Tritech') from R J Marsh and R K Wright for an initial cash consideration of £8.0 million. Simultaneously, Halma completed the acquisition of Swift (943) Limited (trading as 'System Technologies'), Tritech's design and product manufacturing partner, from M St E Cardew, S E St E Cardew, J P N Trepte and A G Trepte for an initial consideration of £2.0 million. Audited accounts for the year 2005, report revenues of £5.4 million if calculated on a consolidated basis and combined profits of £1.1 million. The combined net assets being acquired are approximately £4m including £1.3m cash. Unaudited accounts for the half-year to June 2006 indicate encouraging levels of growth with combined profits totalling £0.9 million after adjusting for non- recurring items. Deferred purchase consideration of up to £4.5 million is payable to the vendors based on profit before tax for the periods ending November 2007 and November 2008 exceeding pre-determined targets. The acquisition, which is immediately earnings enhancing in the current financial year, has been funded from Halma's existing cash and debt facilities. Tritech, based in Aberdeen, UK, designs and manufactures underwater asset monitoring equipment serving, principally, the petrochemical and homeland security sectors. Their underwater positioning and sonar technology instruments are most often fitted to remotely operated vehicles with a variety of applications. These include underwater pipeline leak detection, pipeline inspection, underwater construction, infrastructure maintenance and diver, vessel and harbour protection. Tritech is a recipient of both the Queen's Award for Innovation and Export Achievement. Andrew Williams, Halma's Chief Executive, commented 'Tritech increases Halma's presence in the growing energy and homeland security markets bringing both new technologies and some which are complementary to our existing asset monitoring businesses. It is an excellent addition to our Industrial Safety business and broadens our future growth opportunities.' For further information please contact: Halma p.l.c. +44 (0)1494 721111 Andrew Williams, Chief Executive Kevin Thompson, Finance Director Hogarth Partnership Limited +44 (0)20 7357 9477 Rachel Hirst/Andrew Jacques Notes 1. A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com. 2. This statement should not be taken to mean that the earnings per share of Halma will necessarily match or exceed the historic reported earnings per share of Halma and no forecast is intended or implied. This information is provided by RNS The company news service from the London Stock Exchange

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Halma (HLMA)
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