Posting of Circular and Publication of Prospectus

12 October 2012

Melrose PLC

Posting of Circular and Publication of Prospectus

Melrose PLC ("Melrose") today announces its intention to implement a corporate reorganisation pursuant to which a new listed holding company will be introduced for the Melrose group of companies in order to provide greater flexibility within the group's capital structure and to enable the group to continue to efficiently return the proceeds of future disposals to Shareholders. The implementation of the new listed holding company will have no impact on the reported historic financial statements of Melrose or the way in which the group will report its financial results on an on-going basis.

The Circular setting out full details of the proposed corporate reorganisation will be posted to Shareholders today. The Prospectus relating to the new holding company has been approved by the UK Listing Authority. The Circular and the Prospectus will be made available on Melrose's website, www.melroseplc.net, and will be submitted to the National Storage Mechanism, where they will be available for inspection at www.Morningstar.co.uk/uk/nsm. Copies of the Prospectus will also be available for inspection during normal business hours on any Business Day, free of charge, at the registered office of the Company at Precision House, Arden Road, Alcester, B49 6HN and at the offices of Simpson Thacher & Bartlett LLP, Citypoint, One Ropemaker St, London, EC2Y 9HU, from the date of the Prospectus up to and including the date of admission.

Terms used in this announcement shall have the same meanings as set out in the Circular.

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