IN FOCUS

Quarterly Operating Income Up 75 Percent, Excluding Integration Expenses;

Maintains 2001 Earnings Forecast at $1.70 to $1.90 a Share, Excluding Integration Expenses

Pullen Pumps, a Howard Anderson Ltd company, has provided a range of pumping equipment for Millennium Point a major UK Millennium funded project. Opening in September 2001 this landmark building in Birmingham is one of the most prestigious projects of the year and will cost some £114 million.

PARSIPPANY, NJ – April 20, 2001 – The Hydraulic Institute (HI) announced its 2001 – 2002 Board of Directors and officers during a general session of the annual meeting held recently in Palm Springs, CA.

“During the past two years Bob Jung has done a fabulous job establishing the Associate Member Council,” commented HI Chairman Ray Dunn, CEO, Floway Pumps, during the closing dinner at HI 2001 Annual Meeting in Palm Springs. Bob’s term as chairman of the Associate Member Council ended at this meeting with the election of Leslie Hennessy, Lovejoy Inc. as the new Council chair. Bob is president of Trico Manufacturing.

Watson-Marlow Bredel are world leaders in the fastest growing pump type for industry, so we set tough targets for the new 620 series. “Increase pressure and flow, cut maintenance time to less than one minute and safeguard the process”.

The first plant in the south of Italy for the recycling of plastic (PET) was inaugurated at the end of the year 2000 at Gricignano d’Aversa, in the province of Caserta.

At the 87th Annual General Meeting of Sulzer Limited, Winterthur on April 19, 2001, all the resolutions proposed by the Sulzer Board were approved and all the resolutions proposed by InCentive Capital were not approved. 40.5% of the share capital was represented at the AGM, 1696 shareholders were present at the meeting.

Fluid Handling sales declined $1.2 million, or 1%, to $116.4 million for the first quarter of 2001 compared with the first quarter of 2000. Operating profit decreased $.9 million to $7.0 million in the first quarter of 2001 versus $7.9 million in the first quarter of 2000.

ITT Flygt will be supplying the city of Vienna with fourteen 225 kW propeller pumps, the largest order received to date in Austria, at a total value of USD 1.6 million.

ST. PAUL, Minn., April 12 /PRNewswire/ — Pentair, Inc. (NYSE: PNR) announced its board of directors has declared a regular quarterly cash dividend of 17 cents per share payable May 11, 2001, to shareholders of record at the close of business on April 27, 2001.