EQT Scandinavia I has signed an agreement with U.S-based Roper Industries Inc.
("Roper") regarding the sale of 100% of Danish-based Struers Holding A/S ("Struers"). Roper pays approximately DKK 1.2 billion for 100% of the company on a cash and debt free basis.

The deal is conditioned upon approval from e.g. regulatory authorities.

Struers has today a globally leading position within products for materialographic preparation, a process being used for quality control and failure analysis of solid materials. Through EQT's sale of Struers to Roper, Struers will be placed within Roper's Analytical Instrumentation Division and in an industrial setting where the company will have a unique position through its market-leading role in materialographic preparation. This means that Roper and Struers together will be able to supply a broader range of material testing products, offered to similar customer segments within international industrial laboratory settings.

John Hestehave, CEO of Struers says: "By placing Struers with Roper as our parent we will be positioned within a strong industrial group, where Struers will form an significant part of Roper's Analytical Instrumentation Division. I find that Roper's business philosophy, which includes acquisitions of companies with strong brand names, leading market positions and strong technological capabilities, suits our company very well. Under the ownership of Roper we will have the opportunity to further develop Struers as an independent business unit and continue our successful growth in sales and earnings".

Claes Dahlbäck, Chairman of EQT Scandinavia Ltd says: "The Struers case is a good example of how EQT invest in well positioned companies with underlying growth potential and further realises such potential through a top quality management team. Struers has made a successful transition from a group of independently run businesses to a coherent group that has been more able to fully leverage its strong market position and brand names. In addition, the company has established a strong position in high-tech industries via Scottish-based Logitech, which has shown strong development within opto-electronic and compound semiconductor segments".

Since EQT acquired 100% of Struers in January 1998, a number of important steps have been taken to develop the company. Shortly following the acquisition, the non-core business unit Radiometer Analytical was divested in order to focus the attention of a revitalised management team and a new board of directors on the core materialographic preparation business. Following this focus on core activities the management team proceeded with changing and aligning the organisation globally to support common goals and promote sales under a common brand and strategy. Significant new products have been developed and launched and new distribution channels have been established, including for example direct sales offices in various countries. Struers has also established a new internet-based IT platform, which has connected all group companies, giving better management control within production,
distribution and sales, and provide efficient knowledge-sharing between Struers and its customers. This has resulted in large cost savings with simultaneous improvements in both internal and external communication. In addition, production capacity has been expanded in Denmark and significant investments have been done in the Scottish subsidiary Logitech, which over a few years has attained a leading position within the advanced material shaping industry (compound semiconductors and opto-electronic components).

Struers had in year 2000 net sales of DKK 605 million (USD 69 million), which represented a 22% organic growth over 1999. Struers has a unique position as a
manufacturer of equipment and consumables for materialographic surface preparation of solid materials. Struers has affiliates in ten countries, qualified service personnel, experienced metallographers, and a worldwide network of dealers.

Roper, with net sales in year 2000 of USD 504 million, manufactures industrial controls, fluid handling and analytical instrumentation products worldwide.
Roper serves selected segments of a broad range of markets such as oil & gas, scientific research, medical diagnostics, semiconductor, microscopy, chemical and petrochemical processing, large diesel along with several other niche industries.

EQT
EQT Scandinavia I was established by Investor AB and the U.S. private equity firm AEA to invest in medium-sized companies in the Nordic countries. Subsequently, four additional private equity funds have been raised, with the latest being EQT Northern Europe with committed capital of €2 billion. With its network of contacts, industrial and financial expertise, and capital, EQT works in close cooperation with the managements of the companies it acquires to develop and realise their earnings potential.

To date, EQT Scandinavia I, EQT Scandinavia II, EQT Danmark, EQT Finland, and
EQT Northern Europe have invested over € 1 billion of equity in 25 companies.

EQT Partners, with offices in Denmark, Finland, Germany and Sweden, act as the
exclusive investment advisers to the EQT funds.

30 July 2001

EQT SCANDINAVIA LIMITED

For further information please contact:

Claes Dahlbäck, Chairman, EQT Scandinavia Ltd, tel +46-8 614 20 00
Bjørn Høi Jensen, Partner, EQT Partners A/S, tel +45-70 27 12 36
John Hestehave, CEO, Struers Holding A/S, tel +45-38 27 37 00