Elster Electricity announces completion of acquisition by Ruhrgas Industries

RALEIGH, N.C., December 12, 2002 — Elster Electricity, LLC, formerly ABB Electricity Metering, announced today the completion of the acquisition of ABB’s global electricity and water metering businesses by Ruhrgas Industries (RI).

Together with RI’s gas metering businesses, the acquisition creates the world’s largest multi-utility metering company-combining the market leaders in electricity, water and gas metering into one organization.

As a result of the acquisition, the former ABB electricity metering business located in Raleigh, North Carolina, operates under a new company name, Elster Electricity, LLC. “We are truly excited about our future with Ruhrgas Industries,” stated Mark Munday, president of Elster Electricity. “The integration of metering expertise across the RI businesses will present unique opportunities to serve the needs of our customers.”

“We expect the merger of Elster Electricity into Ruhrgas Industries to be seamless,” confirmed Ronald B. Via, vice president of marketing and sales for Elster Electricity. “Customers will continue to receive the same quality products and customer service they’ve grown accustomed to with ABB Electricity Metering. However, we have begun transitioning to a dedicated Elster Electricity sales organization and expect this process to be completed by the end of the year. Customers can still reach us at contact numbers and email addresses currently in place with ABB.”

About Elster Electricity
Elster Electricity, formerly ABB Electricity Metering, is located in Raleigh, North Carolina. Elster Electricity offers an integrated suite of metering solutions to meet the needs of customers worldwide. These solutions include advanced, high-accuracy ANSI and IEC electricity meters, featuring the ALPHA(r) electronic meter line; communications software solutions; and metering automation systems.

Elster Electricity services customers through a global sales force while meeting demands for advanced energy information management for monitoring electricity usage, power quality and reliability. Visit Elster Electricity’s web site at www.elsterelectricity.com.

About Elster Metering
Elster Metering is the new Ruhrgas Industries group formed from the acquisition of ABB’s global metering businesses. Elster Metering is involved in electricity and water metering and has approximately 3,500 employees working in 33 production operations and sales offices in 32 countries. Together with the RI gas metering businesses, this global metering group has revenues of over US$ 1 billion.

About Ruhrgas Industries
Ruhrgas Industries is the management holding company for the global industrial affiliates of the Ruhrgas Group, a German gas distribution company. Ruhrgas Industries concentrates on two fields of business: gas measurement and control, and industrial furnaces.

Through its subsidiaries American Meter Company (Americas), Elster (Europe and Asia), Kromschroder (Europe), and Instromet, Ruhrgas Industries is a world leader in gas metering with revenues of Euro 638 million (approximately US$ 580 million). The Ruhrgas Group, the German gas distribution company, has revenues of Euro 13.3 billion (approximately US$ 12 billion) and over 9,000 employees. For more information on Ruhrgas Industries, visit www.ruhrgasindustries.com.

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