Purchase of Own Securities

Spirax-Sarco Engineering PLC 17 November 1999 SHARE REPURCHASES Spirax-Sarco Engineering plc has to date acquired ordinary shares representing approximately 4.71% of the ordinary shares in issue. Under its existing authority, Spirax-Sarco Engineering plc intends to implement an on-market share repurchase programme in order to acquire ordinary shares up to a further 5% of the ordinary shares in issue. The share repurchase programme will be conducted by Merrill Lynch International and is subject to market conditions. The share repurchase programme is part of Spirax-Sarco Engineering plc's strategy of maximising shareholder value. The implementation of the programme should achieve a more efficient capital structure for the Company and the enhancement of the Company's earnings per share and cash flow per share for the benefit of all shareholders. Contact details: Spirax-Sarco Engineering plc David Meredith Tel: 01242 521361 Merrill Lynch International Michael Findlay Tel: 0171 772 1000 Joshua Critchley
UK 100

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