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Roper Industries Appoints Michael Towe Chief Financial Officer

01.11.2004

Roper Industries, Inc. announced the appointment of Michael Towe as Chief Financial Officer, effective November 8, 2004. Mr. Towe is a 27-year veteran of General Electric Company, currently serving as Chief Financial Officer within GE Equipment Services.

“Mike Towe is an exceptional financial executive who is uniquely qualified to meet the needs of our growing enterprise,” said Brian Jellison, Chairman, President and CEO of Roper Industries. “He has demonstrated successful financial leadership in eight of GE’s diverse businesses within Motors, Lighting, Aerospace, Plastics, and GE Capital. He has held five CFO positions, including international assignments in Korea, China, and Hong Kong. Mike is a great mentor and brings deep understanding of the various control disciplines necessary to build a great company. We are delighted to have Mike join the Roper family.”

“I am pleased to join Roper at this exciting time in the Company’s history,” Mr. Towe said. “Roper’s leadership team has taken important steps to build on the strengths of the Company, improve its operating performance and create new growth platforms. I look forward to working with my new colleagues to capture the many opportunities for shareholder value creation.”

Mr. Towe began his career in GE’s Financial Management Program in 1977 and served in financial roles of increasing responsibility. His experiences included acquisitions, audit, financial planning and analysis, cost management, tax, treasury, and financial systems design and implementation. Since 1991, Mr. Towe has served in senior financial roles including CFO within GE Plastics, GE Capital and, currently, GE Equipment Services.

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

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