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Tuesday 14 February, 2006

Danaher Corporation

Lapse of Offer

Danaher Corporation
14 February 2006


Danaher Corporation
14 February 2006

Not for release, publication or distribution, in whole or in part, in or into
Canada, Australia or Japan

FOR IMMEDIATE RELEASE
                                   Cash Offer
                               by Morgan Stanley
                                  on behalf of
                          Stampede Acquisition Limited
                          a wholly owned subsidiary of
                              DANAHER CORPORATION
            and in the United States by Stampede Acquisition Limited
                                      for
                              FIRST TECHNOLOGY PLC

                    Lapse of Offer for First Technology PLC

On 20 January 2006 Stampede announced a recommended cash offer of 330 pence per
First Technology Share for the entire issued and to be issued share capital of
First Technology plc (the 'Offer'). The offer document relating to the Offer
(the 'Offer Document') was posted to First Technology Shareholders on 23 January
2006.

Stampede announces that, as at 1.00 p.m. on 13 February 2006, the first closing
date of the Offer, valid acceptances had been received in respect of a total of
7,667,415 First Technology Shares, representing approximately 10.16 per cent. of
the issued share capital of First Technology.

Prior to the announcement of the Offer, Stampede had received an irrevocable
undertaking to accept the Offer from Aberforth Partners LLP in respect of
7,618,101 First Technology Shares (the 'Aberforth Shares') (which also contained
an option for Stampede to acquire such shares), representing approximately 10
per cent. of First Technology's issued share capital and a conditional
undertaking to accept the Offer from Morley Fund Management Limited (the 'Morley
Undertaking') in respect of 7,480,957 First Technology Shares (the 'Morley
Shares'), representing approximately 10 per cent. of First Technology's issued
share capital. Valid acceptances have now been received in respect of all of the
Aberforth Shares. The condition to the Morley Undertaking was not satisfied and
valid acceptances have not been received in respect of the Morley Shares.

Following the posting of the Offer Document, Stampede exercised its option to
acquire the Aberforth Shares. The purchase of the Aberforth Shares pursuant to
the exercise of the call option has not yet settled.

As a result of purchases (other than the Aberforth Shares), Stampede holds
7,085,425 First Technology Shares representing, in aggregate, approximately 9.5
per cent. of the issued share capital of First Technology.

Accordingly, as at 1.00 p.m. on 13 February 2006 Stampede either owns or has
received valid acceptances of the Offer in respect of a total number of
14,752,840 First Technology Shares, representing approximately 19.56 per cent.
of the issued share capital of First Technology.

Morgan Stanley Securities Limited (which is deemed to be acting in concert with
Stampede for purposes of the Offer) holds a short position with respect to
137,300 First Technology Shares, representing approximately 0.18 per cent. of
First Technology's issued share capital.

As the Conditions to the Offer have not been satisfied, and following the
announcement by Honeywell International Inc. on 24 January 2006 of an increased
cash offer for First Technology, which was subsequently recommended by the board
of First Technology on 25 January 2006, Stampede also announces that its Offer
will not be extended and has therefore lapsed.

Terms defined in the Offer Document have the same meanings in this announcement.

Enquiries to:
Danaher
Andy Wilson        Tel. +1 202 828 0850

Morgan Stanley (financial adviser and broker to Danaher and Stampede)
Brian Magnus       Tel. +44 (0)20 7425 8000
Simon Smith
Mark Brooker
(Corporate Broking)

Brunswick (PR adviser to Danaher and Stampede)
Simon Holberton    Tel. +44 (0)20 7404 5959

Morgan Stanley is acting for Danaher and Stampede and no one else in connection
with the Offer and will not be responsible to anyone other than Danaher and
Stampede for providing the protections afforded to clients of Morgan Stanley nor
for giving advice in relation to the Offer.

This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities. .

The laws of the relevant jurisdictions may affect the availability of the Offer
to persons who are not resident in the United Kingdom. Persons who are not
resident in the United Kingdom or who are subject to laws of any jurisdiction
other than the United Kingdom, should inform themselves about, and observe, any
applicable requirements. Any person (including nominees, trustees and
custodians) who would, or otherwise intends to, forward this announcement, the
Offer Document and the Form of Acceptance or any accompanying document to any
jurisdiction outside the United Kingdom should refrain from doing so and seek
appropriate professional advice before taking any action.

The Offer is not being made, directly or indirectly, in or into Canada,
Australia or Japan and is not be capable of acceptance from within Canada,
Australia or Japan. Accordingly, copies of this announcement are not being, and
must not be, mailed or otherwise distributed or sent in, into or from Canada,
Australia or Japan. Persons receiving this announcement (including, without
limitation, custodians, nominees and trustees) must not distribute, mail or send
it in, into or from Canada, Australia or Japan.





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