Elster Announces Board and Management Changes Following Successful Melrose Tender Offer

 Elster

announced today that the initial offering period of the previously-announced cash tender offer by Mintford AG, a wholly-owned subsidiary of Melrose PLC, to acquire all outstanding ordinary shares and American Depositary Shares (ADSs) of Elster Group SE expired at 12:00 midnight, New York City time on August 22, 2012. Such transaction had been approved by the administrative board of Elster. With effect as of August 24, 2012, all members of the administrative board of Elster Group SE resigned from their office. Simon Beresford-Wylie also resigned from his office as managing director and chief executive officer (CEO), and  Rainer Beaujean resigned from his office as managing director and chief financial officer (CFO), in each case, as of August 24, 2012.