Pentair Offers Final Results of Exchange Offer, Consent Soliciation Related to 5% Senior Notes

Pentair Ltd.

announced today the final results of the previously announced exchange offer (the "Exchange Offer") by Pentair Finance S.A. ("PFSA"), a wholly-owned subsidiary of Pentair Ltd., to exchange existing 5.000% senior notes due 2021 of Pentair, Inc., a wholly-owned, indirect subsidiary of Pentair Ltd., of which there was $500 million aggregate principal amount issued (the "Existing Notes"), for new 5.000% senior notes due 2021 of PFSA (the "New Notes"). PFSA has been advised by D.F. King & Co., Inc., the exchange agent for the Exchange Offer, that holders of 74.61% of the principal amount of Existing Notes had validly tendered pursuant to the terms of the Exchange Offer prior to the 11:59 p.m. December 17, 2012 expiration date (the "Expiration Date").  The settlement date for the Exchange Offer will occur promptly following the Expiration Date and is expected to occur today, December 18, 2012.  In addition, pursuant to the terms of the previously announced consent solicitation, PFSA received the requisite consents from holders of Existing Notes to amend certain provisions of the indenture governing the Existing Notes. Under the terms of the Exchange Offer, eligible holders of Existing Notes who had validly tendered at or before the Expiration Date will receive, for each $1,000 principal amount of Existing Notes tendered, $1,000 principal amount of New Notes and $10 in cash.