RNS No 978r
PALL CORPORATION
26th January 1998

 
( BW)(PALL)(PLL) Pall Corporation Completes Acquisition of
Argentaurum AG and its Rochem Operations
 
    Business Editors
 
    EAST HILLS, N.Y.--(BUSINESS WIRE)--January 23, 1998--Pall
Corporation (NYSE: PLL) today announced completion of the acquisition
of the Swiss holding company Argentaurum AG, including its Rochem
subsidiaries. Rochem, which will operate as a subsidiary of Pall
Corporation, 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.

    The transaction will be accounted for as a purchase, effective
January 1, 1998 when Pall obtained operational and financial control
of the company. Under the terms of the agreement announced in October 
1997, Pall is likely to pay approximately $60 million. The final
purchase price will be determined and paid by the end of April 1998
when final audited 1997 figures are available.

    Commenting on the acquisition, Eric Krasnoff, Chairman and CEO of
Pall Corporation stated, "This fiscal year, the acquisition should add
about $20 million to Pall's revenues for seven months of sales. We do
not expect any dilution to earnings. Combined with Pall's current
products for this marketplace, we are now well positioned to be a
strong player in this global market with a potential of at least $4
billion."

    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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