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Wednesday 14 July, 2010

J.P. Morgan Securities Ltd.

Form 8.5 (EPT/R) - CHLORIDE GROUP

                                                                               3
                                                               FORM 8.5 (EPT/RI)

     PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
            INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
                   Rule 8.5 of the Takeover Code (the "Code")

1.   KEY INFORMATION

(a) Name of exempt principal trader:                                     J.P. Morgan Securities Ltd.
(b) Name of offeror/offeree in relation to whose relevant securities     Chloride Group plc
this form relates:
  Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which exempt principal trader    Emerson Electric Co
is connected:
(d) Date dealing undertaken:                                             13 July 2010
(e) Has the EPT previously disclosed, or is it today disclosing, under   No
the Code in respect of any other party to this offer?                  If YES, specify which:


2.   DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a)  Purchases and sales

  Class of relevant       Purchases/ sales        Total number of     Highest price per unit  Lowest price per unit
       security                                      securities            paid/received          paid/received
Ordinary Shares        Purchase                29,942                 3.7200 GBP              3.7200 GBP

                       Sales                   30,973                 3.7200 GBP              3.7160 GBP


(b)  Derivatives transactions (other than options)

  Class of relevant         Product                Nature of dealing              Number of        Price per unit
      security            description      e.g. opening/closing a long/short      reference
                            e.g. CFD        position, increasing/reducing a      securities
                                                  long/short position


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

 Class of        Product          Writing,        Number of       Exercise       Type      Expiry date  Option money
 relevant      description       purchasing,    securities to    price per       e.g.                      paid/
 security       e.g. call     selling, varying   which option       unit      American,                 received per
                  option            etc.           relates                     European                     unit
                                                                                 etc.


(ii) Exercising

 Class of relevant security      Product description           Number of securities       Exercise price per unit
                                   e.g. call option



(d)  Other dealings (including subscribing for new securities)

   Class of relevant                Nature of dealing                     Details              Price per unit (if
        security              e.g. subscription, conversion                                       applicable)



The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of
the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

3.   OTHER INFORMATION

(a)  Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to
relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal
trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
If there are no such agreements, arrangements or understandings, state "none"




(b)  Agreements, arrangements or understandings relating to options or
derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader
making the disclosure and any other person relating to:
(i)the voting rights of any relevant securities under any option; or
(ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is
  referenced:
If there are no such agreements, arrangements or understandings, state "none"




Date of disclosure:                                        14 July 2010
Contact name:                                              Barry Page
Telephone number:                                          0207 325 4578

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
[email protected]  The Panel's Market Surveillance Unit is available
for consultation in relation to the Code's dealing disclosure requirements on
+44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.                                     

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