Farr Co, USA

August 1998

Filtration Industry Analyst

Millipore Corp, USA

Farr Co, USA

Key Figures (US$ million)' Second quarter ended 30.6 1998

Key Figures (US$ million) 1

Net Sales

Second quarter ended 1997

4.7,1998

28.6,1997

Net Sales

30.4

31.6

175.2

192.5

Cost of Sales

85.5

86.4

Cost of Sales

22.5

23.0

Gross Profit

89.7

106.1

Gross Margin

7.9

8.6

Operating Income

14.9

27.8

Income before Income Taxes

2.9

2.9

6.8

16,4

Net Income

1.9

1.8

US$0.16

US$0.38

US$0.23

US$0.22

Net Income Net Income per Share

Six months ended 30.6 1998

1997

Six months ended

4.7.1998

28.6.1997

Net Sales

62.4

61.9

Cost of Sales

46.3

45.4

Gross Margin

16.1

16.5

Income before Income Taxes

5.8

5.6

Net Income

3.8

3,5

Net Sales

360.8

371.3

Cost of Sales

171.9

167.1

Gross Profit

188.9

204.3

Operating Income/(Loss)

27.6

(61.0)

Net Income/(Loss)

38.2

(81.4)

Net Income/(Loss) per Share

US$0.87

Basic Earnings per Common Share

US$(1.87)

Basic Earnings per Common Share

~J

US$0.46

US$0.43

Except per share data (basic). Except per share data. (Based on 8 500 624 and 8 392 761 average shares outstanding in 1998 and 1997 respectively.) .......J