Meggitt completes PSA acquisition

For immediate release 26 April 2011

Meggitt PLC

Meggitt completes PSA acquisition

Meggitt PLC ("Meggitt"), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, is pleased to announce that it completed the acquisition of Pacific Scientific Aerospace from Danaher Corporation on 21st April for a consideration of $685m. This consideration, which is subject to an adjustment for working capital in the business, represents a multiple of 8.7 times 2010 EBITDA, or 7.9 times after taking account of the estimated value of the tax cash benefit arising from the transaction. This acquisition was originally announced on 18th January.

Terry Twigger, Chief Executive of Meggitt, said:

"We are delighted to welcome PSA into the Meggitt group. Their products are a great fit with our existing businesses and we look forward to working with our new colleagues to develop the additional opportunities open to the enlarged group."

For further information, please contact:

Meggitt PLC (01202 597597)

Terry Twigger, Chief Executive

Stephen Young, Group Finance Director

Charles Andrews, Group Head of Financial Planning & Analysis

Buchanan Communications (020 7466 5000)

Charles Ryland, Jeremy Garcia or Helen Chan