Re Inchcape Agreement

Intertek Testing Services PLC 26 September 2002 INTERTEK TESTING SERVICES plc ('ITS') GLOBAL SETTLEMENT OF CLAIMS WITH INCHCAPE plc ('Inchcape') ITS announces today that it has reached agreement with Inchcape to settle claims made in connection with the Sale & Purchase Agreement dated 6th November 1996 between ITS and Inchcape under which the ITS business was purchased from Inchcape (the 'Agreement'). Inchcape has agreed to pay ITS the sum of US$22.75 million in cash which will settle fully and finally all claims that have arisen to date or that may arise in the future. Notes to Editors The claims that are now being settled had been notified by ITS against Inchcape under warranties given in connection with the sale of Inchcape Testing Services in 1996. The principal source of those claims arose from the US Environmental Protection Agency's investigation into some testing carried out in one of the ITS Environmental facilities in the USA. That investigation resulted in criminal and civil actions against ITS Environmental which have been fully settled with the EPA and the US government. The ITS Environmental business was sold in 1998. ITS is a leading international testing, inspection and certification organisation which assesses the products and commodities bought or sold by its customers against a wide range of safety, regulatory, quality and performance standards. For further enquiries, please contact: Aston Swift, Group Treasurer & Investor Relations 020 7396 3400 Katie Macdonald-Smith, Tulchan Communications 020 7353 4200 For further information, visit our web site at www.itsglobal.com This information is provided by RNS The company news service from the London Stock Exchange
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