Further re Optional Redemption of High Yield Bonds (2)

Further to the announcement on February 7 that Invensys plc intended to exercise its option redeem its remaining High Yield Bonds at the first available opportunity on March 17, 2008, we are pleased to confirm that the High Yield bonds have now been redeemed.

As a result we have redeemed US$177,092,000 in aggregate principal amount of 9.875% Senior Notes due March 2011 and €345,150,000 aggregate principal amount of 9.875% Senior Notes due March 2011. The redemption price was 104.938% of the aggregate principal amount, totalling approximately £360 million at 31 December 2007 exchange rates. This, along with accrued interest thereon, was paid out of existing cash balances.