Pall Presents Five-Year Business Plan

Pall Corporation hosted an Investor Conference at the Grand Hyatt Hotel in New York City today. The Company presented its five-year strategic business plan for fiscal 2009 - 2013 to a group of financial analysts. The presentation was also webcast live to a broader audience.

By the end of Pall's new five-year plan, sales CAGR is targeted to increase to between 7% and 9% with earnings per share ranging from $4.25 to $5.60, excluding restructuring and other charges and the impact of currency translation. The Company also updated guidance for fiscal 2009. Sales are projected to grow between 4% and 6 1/2% with earnings per share of $2.10 to $2.30, excluding restructuring and other charges and the impact of currency translation.

The new plan calls for the establishment of a Swiss entity as part of the Company's initiatives to rationalize its European infrastructure. The new company, located in the canton of Fribourg, will lead and support sales, manufacturing, supply chain and other European functions. The Company also provided a target tax rate of 25-27% by fiscal 2013.

For the five years ending with fiscal 2008, Pall achieved a local currency sales CAGR of 6 1/2%, reduced SG&A from 33.2% to 29.1% of sales and substantially increased operating margin. The new plan builds on this success.

In his opening remarks, Pall Chairman and CEO Eric Krasnoff stated, "We are closely managing the direction of the Company, taking advantage of our many opportunities while minimizing risk during this volatile time. Pall Corporation has a strong strategic business plan and a robust process for execution. As we monitor and manage the rapidly changing global situation, the bedrock of Pall's plan supports our expectation to achieve sustainable, profitable growth."

Mr. Krasnoff added, "Pall's enabling technologies help customers operate more efficiently and economically. Our singular Total Fluid Managementsm capability connects the dots across our customers' increasingly complex global manufacturing platforms and the web of regulations they must navigate. We have the infrastructure in place to deliver on our vision that One Day All Fluids Will Pass Through Pall Products."