Charter International Plc : Effective Date of Scheme of Arrangement

Effective Date of Scheme of Arrangement 13/01/2012

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction

On 12 September 2011, Charter International plc ("Charter") and Colfax Corporation ("Colfax") announced that they had reached agreement on the terms of a recommended cash and share offer for the entire issued and to be issued share capital of Charter (the "Acquisition").

Charter is pleased to announce that all conditions related to the Acquisition have now been satisfied and that the scheme of arrangement relating to the Acquisition (the "Scheme") has today become effective.

The consideration to be paid to Scheme Shareholders pursuant to the Scheme is expected to be despatched on 27 January 2012.

Except where separately defined in this announcement, capitalised terms shall have the same meaning as set out in the scheme document dated 18 October 2011.

A copy of this announcement is available to view on Charter's website at .

Enquiries

Brunswick Group LLP
[phone]
Jonathan Glass
Nina Coad

Goldman Sachs International
[phone]
Dominic Lee
Adrian Beidas

J.P. Morgan Cazenove
[phone]
Edmund Byers
Robert Constant

RBS Corporate Finance Limited
[phone]
Simon Hardy
David Smith

Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Charter and for no-one else in connection with the matters set out in this announcement and will not be responsible to any person other than Charter for providing the protections afforded to clients of Goldman Sachs International, nor for providing advice in relation to the matters set out in this announcement.

J.P. Morgan Limited, which conducts its UK investment banking business as J.P. Morgan Cazenove and is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial adviser  and corporate broker to Charter and for no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Charter for providing the protections afforded to its clients nor for providing advice in relation to the matters set out in this announcement.

RBS Corporate Finance Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser and corporate broker to Charter and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Charter for providing the protections afforded to its clients nor for providing advice in relation to the matters set out in this announcement.