RNS No 8311j
PALL CORPORATION 
6th October 1997

    EAST HILLS, N.Y.--(BUSINESS WIRE)--Oct. 6, 1997--Pall Corporation 
(NYSE:PLL) today announced the signing of an agreement to purchase 
all of the outstanding capital stock of the Swiss holding company 
Argentaurum AG, including its Rochem subsidiaries, as well as certain
assets of its German company Rochem RO Wasserbehandlung GmbH.  

    Rochem manufactures and sells proprietary advanced design reverse 
osmosis nanofiltration and ultrafiltration systems for treating and 
desalinizing sea water, purifying landfill leachate and other 
municipal and industrial wastewater applications.  Combined with 
Pall's current products for this marketplace, the Company is well 
positioned to be a strong player in this global market with a 
potential of at least $4 billion.  

    The transaction will be accounted for as an asset purchase.  
Under the terms of the agreement, the amount of Pall's cash payment 
will depend on the operating profits earned by Argentaurum in the 
current calendar year.  Pall will pay a minimum of $48 million to a 
maximum of $64 million, based on an operating profit range between DM
12 million and DM 17 million (or more) for the calendar year ended 
December 31, 1997.  Argentaurum's operating profit is expected to be 
$8 million (DM 14.5 million), in which case Pall's purchase price 
would be about $56 million (DM 100 million).  

    The transaction is expected to close effective January 1, 1998 
when Pall will have paid $5.6 million (DM 10 million).  At that time,
Pall will obtain control of the company.  The balance of the purchase
price will be paid when final audited 1997 figures are available by 
the end of April 1998.  

    In addition, Pall intends to form a joint venture with Rochem U/F
Systems where each party will own a 50% interest.  The cost to Pall 
will be $1.7 million (DM 3 million) to purchase newly-issued shares 
of the joint venture, which will be used to develop this global 
market.  Pall Corporation believes that the combination of Rochem's 
technologies with existing Pall products and market presence will 
facilitate rapid penetration of advanced economical water and 
wastewater systems for municipal and industrial markets. 

    Commenting on the acquisition, Eric Krasnoff, Chairman and CEO of
Pall Corporation said, "This acquisition will substantially expand 
product offerings to customers of our new water division.  
Argentaurum's proprietary technology combined with our global 
distribution network will allow us to serve our customers efficiently
and will further enhance our opportunities in the important water 
management market.  Sales for this innovative company are likely to 
be about $33.9 million (DM 60 million) this year and we do not expect
any dilution to our earnings."  

    Pall Corporation, with annual sales over $1 billion, is based in 
East Hills, New York, USA.  The Company has the broadest based 
filtration and separation capabilities in the world.  Since 1946, 
Pall Corporation has demonstrated technological leadership and 
offered innovative solutions to complex fluid clarification and 
purification problems in each of its three major markets: Health 
Care, Aeropower and Fluid Processing.  The Company employs 8,500 
people at offices and manufacturing facilities throughout the world.
The Company's shares are listed on the New York Stock Exchange (PLL) 
and the London Stock Exchange (0668260).  

    This release contains forward-looking statements that are based 
on current Company expectations and are subject to risks and 
uncertainties which could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to, foreign
exchange rates, regulatory approval, market acceptance of new 
technologies, economic conditions and market demand.  
 
    CONTACT: Pall Corporation
             Jeremy Hayward-Surry, 516/484-5400
 
 
END


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