RNS No 9224k
PALL CORPORATION
20th January 1998


         Pall Corporation Announces Second Quarter Expectations
 
     Business Editors
 
     EAST HILLS, N.Y.--(BUSINESS WIRE)--Jan. 20, 1998--Eric Krasnoff,
Chairman and CEO of Pall Corporation (NYSE: PLL), stated today that
revenues for the current quarter that ends on January 31, 1998 are on
target in local currency. Mr. Krasnoff said, "Unit and price growth
will be about 6% in the quarter. Earnings per share are now expected
to be about 4 cents lower than previously projected due to the
deterioration in foreign currency exchange rates in Asia and Europe.
Full details of the second quarter will be released March 2, 1998,
after the market closes.

     "At current levels, exchange rates would now reduce sales by
about 6% in the current quarter and 5% for the whole financial year.
The dollar has strengthened against all currencies where we operate.

     "The Company has taken a number of actions to reduce expenses and
preserve earnings. Those include selective price increases and a hold
on employment levels. Also instituted is a program to selectively
increase production and material sourcing in more favorable locations.

     "Looking ahead to the third and fourth quarters, we continue to
expect to reach a double-digit level of unit and price growth. Our
order backlog has grown in each of our three business segments during
the year."

     With annual sales over $1 billion, Pall Corporation 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). To receive the latest information about Pall
Corporation, visit Pall's Internet web site at http://www.pall.com or
dial Pall's Select-A-Fax(TM) system at 1-800-664-PALL.

     This release contains "forward looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These statements
are based on current Company expectations and are subject to risks and
uncertainties which could cause actual results to differ materially.
In addition to foreign exchange rates, such risks and uncertainties
include, but are not limited to, regulatory approval, market
acceptance of new technologies, economic conditions and market demand.
 
     CONTACT: John Adamovich
              (516) 484-5400
 
END

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