Response to Emerson announcement

CHLORIDE GROUP PLC

("Chloride" or the "Company")

The Board of Chloride notes the announcement by Emerson Electric Co. ("Emerson") that it is no longer considering making an offer for Chloride.  The Board of Chloride gave Emerson's proposals due consideration and concluded that they undervalued the Company and its prospects and therefore that those proposals should not be pursued.
 
As indicated in Chloride's recent preliminary announcement of results for the year ended 31 March 2008 announced on 2 June 2008, Chloride has a robust business model, clear strategy and strong positions in geographies and higher growth market sectors (including IT services, data centres, energy and oil & gas) where secure power is increasingly critical to business continuity.  The Board continues to believe that the Company has excellent prospects as an independent group and remains focused on delivering value for shareholders.

Enquiries: 

Chloride Group PLC
T:  +44 (0) 20 7881 1440       
Keith Hodgkinson (Chief Executive)
Neil Warner (Finance Director)
Tim Cobbold (Chief Operating Officer)
 
Hudson Sandler
T:  +44 (0) 20 7796 4133       
Andrew Hayes/Kate Hough

Dresdner Kleinwort Limited, which is authorised and regulated by the Financial Services Authority, is acting for Chloride Group PLC and for no-one else in connection with this announcement and will not be responsible to anyone other than Chloride Group PLC for providing the protections afforded to customers of Dresdner Kleinwort Limited or for affording advice in relation to this announcement.