Roper Industries Announces Pricing of Offering of 5 Million Shares of Common Stock

08.12.2004

Roper Industries, Inc. yesterday announced the pricing of a public offering of 5 million shares of common stock at $60.10 per share. The transaction is expected to close on December 13, 2004.

The net proceeds of the common stock offering, together with an amended and restated senior secured bank facility, will be used to fund Roper’s pending acquisition of TransCore Holdings, Inc. and to repay its existing credit facilities. The closing of the common stock offering is conditioned on the closing of the amended and restated senior secured bank facility and the TransCore acquisition. Merrill Lynch & Co. is serving as lead underwriter for the offering, with JPMorgan and Wachovia Securities acting as joint lead managers, and Robert W. Baird & Co., Friedman Billings Ramsey and KeyBanc Capital Markets acting as co-managers.

Roper Industries is a diversified industrial growth company providing engineered products and solutions for global niche markets.

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