Acquisition of Alpha Braze

Bodycote International PLC 9 February 2000 Bodycote International plc Bodycote acquires Alpha Braze, Inc. Bodycote International plc, the international metal processing group, announces the acquisition of the whole of the issued share capital of Alpha Braze, Inc. of Fremont, California. Alpha Braze is one of the largest technical commercial braze and turnkey assembly suppliers in North America, and serves primarily the semiconductor and electronics industries. Mr Richard Penrose, Alpha Braze's former owner, will join Bodycote with responsibility for operations in Northern California. Consideration for the purchase was US$6.8 million (£4.2 million), which is being satisfied as to $5.8 million (£3.6 million) by the issue of 1,375,545 shares with the balance of $0.97 million (£599,000) paid in cash. Alpha's sales for the year ended 31 December 1999 amounted to US$4.1 million (£2.54 million), and earnings before interest and tax on an ongoing basis were US$1.4 million (£870,000). Net assets acquired were US$2.01m (£1.24m). The acquisition broadens Bodycote's brazing and assembly services and expertise already offered in Southern California, the Southwest, Midwest, and New England markets. Enquiries: John Chesworth Chief Executive Bodycote International plc Tel: 01625-505300 Martyn Wilton Director Bodycote International plc Tel: 001-978-470-1620 John Hubbard Director Bodycote North America, Inc. Tel: 001-214-904-2427

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