IN FOCUS

At the International Trade Fair of Environment and Disposal (IFAT) to be held in Munich from 13 -18 April, Frankenthal-based KSB Aktiengesellschaft, Germany, will be introducing a new model of its Getec progressive cavity pump series for highly viscous media in waste water transport and treatment.

Tarrytown, New York, May 7, 2002 – ITT Industries, Inc. (NYSE: ITT) Chairman, President and Chief Executive Officer Lou Giuliano told shareholders that the company, having completed a successful year in 2001, is confident in its ability to deliver another year of earnings growth in 2002. Giuliano delivered his remarks this morning at the seventh annual meeting of ITT Industries shareholders at Tappan Hill, Tarrytown, New York.

Tarrytown, New York, May 7, 2002- ITT Industries, Inc.’s (NYSE: ITT) Board of Directors today declared a $0.15 per share dividend for the second quarter of 2002.

ST. PAUL, Minn., Apr 30, 2002 /PRNewswire-FirstCall via COMTEX/ — Pentair (NYSE: PNR) today announced that its Pentair Water Treatment business has been appointed the exclusive distributor of T&T-brand pumps for reverse osmosis (RO) water purification applications. Based in Fairmont, W.Va., T&T Pumps is a leading brand of high performance pumps used in RO applications.

For the third time a company has received the Grundfos Group Supplier Award. All European Grundfos production companies were in complete agreement nominating AEG Kondensatoren und Wandler GmbH, Germany.

Following extensive negotiations, against a background of keen competition, Weir Westgarth Ltd have been awarded the contract to supply a Seawater Reverse Osmosis Plant for the Soroosh and Nowrooz integrated development project in the Arabian Gulf.

The following is the text of the statement delivered by the Chairman, Sir Ronald Garrick, at this year’s AGM.

The award of the economy club Rhine-Main and the Wirtschaftswoche was awarded for the 22nd time. It was presented by the Federation`s research minister Edelgard Bulmahn at the Gala night of the German economy in the Alten Oper in Frankfurt on January 19th. The innovation were into the following categories divided: Bio- and genetic engineering, information engineering, energy + traffic, mechanical engineering, medicine, metrology, ambient environment and other. In the division ambient environment the Herborner Pumpenfabrik presented an energy saving pump. As market leaders in the range for swimming pool water circulation pumps, the company is known for innovative pumps technology.

Number of international visitors up considerably despite nearly stable number of visitors overall — Exhibitors praise trade visitors’ high qualifications — Number of exhibitors from other countries also up — IFAT receives excellent marks as platform for international business contacts despite sluggish state of German economy

On the 17 April Alex Marusso, Area Manager Lowara, Jannie Bekker, Divisional Manager and Albert Ramathlhare, Internal Sales Engineer of Hypower Pumps – sole distributor for Lowara pumps in South Africa visited Western Deep Levels, Mponeng Mine, South Shaft, Fochville, Orange Free State part of the Anglo Gold Group in South Africa.