News release

Tomkins plc bond issue

4 September 2003

Tomkins completes £250 million sterling bond issue

Tomkins plc announces that its wholly owned subsidiary, Tomkins Finance plc, has today successfully completed a £250 million sterling bond issue with a maturity of 12 years. The proceeds of this issue, which was significantly oversubscribed, will be used to repay a £250 million bank facility which, together with surplus cash resources, financed the recent redemption of the company's redeemable preference shares.

The bonds have been issued through lead managers, BNP Paribas, Citigroup and HSBC, at a coupon of 6.125 per cent and an issue price of 99.47 per cent (equivalent to a spread of 130 basis points over the December 2015 Gilt).

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