MELROSE INDUSTRIES PLC 28 July 2015
2015.Highlights§§ Management action produced strong Elster profit improvement
§§ Brush is performing broadly in line with earlier indications in a tough market
§§ Melrose net debt at the half year was £742 million, representing a leverage of 2.7x
§§ The Board has declared an interim dividend of 2.8p (2014: 2.8p) to be paid on 3 September 2015
§§ Proposed sale of Elster to Honeywell for £3.3 billion, a multiple of 3.1x 2014 revenue and 14.3x 2014 headline1 EBITDA2
§§ The current intention is to return over £2 billion to shareholders following the sale
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