Melrose Industries : Delisting of GKN’s ordinary shares and continuation of Offer

1. Delisting of GKN

Further to the announcements released by Melrose and GKN plc ('GKN') on 19 April 2018, Melrose announces that the listing of GKN's ordinary shares of 10 pence each ('GKN Shares') on the Official List of the UK Listing Authority was cancelled with effect from 8:00 a.m. (London time) today, 21 May 2018. The GKN Shares ceased to be admitted to trading on the London Stock Exchange's Main Market for listed securities with effect from the same time.

2. Continuation of Offer

Melrose's Offer for GKN will remain open for acceptance until further notice, and not less than 14 calendar days' notice will be given in respect of the closure of the Offer.

Enquiries:

Montfort Communications: Nick Miles, Charlotte McMullen +44 (0) 20 3514 0897 +44 (0) 7973 130 669 / +44 (0) 7921 881 800

Rothschild (Financial Adviser to Melrose):

Ravi Gupta, Yuri Shakhmin, Nathalie Ferretti +44 (0) 20 7280 5000

RBC Europe Limited (Financial Adviser to Melrose):

Mark Preston, Chris Squire, Alexander

Thomas +44 (0) 20 7653 4000

Investec (Corporate Broker to Melrose):

Keith Anderson, Carlton Nelson +44 (0) 20 7597 5970

Melrose

Geoffrey Martin (Finance Director) +44 (0) 20 7647 4500