(AMETEK LETTERHEAD)


Contact:  William J. Burke (610) 889-5249

       AMETEK ACQUIRES TAYLOR HOBSON HOLDINGS LIMITED ACQUISITION EXPANDS
                AMETEK'S HIGH-END ANALYTICAL INSTRUMENT PLATFORM

Paoli, PA, June 21, 2004 -- AMETEK, Inc. (NYSE: AME) today announced the
acquisition of Taylor Hobson Holdings Limited (`Taylor Hobson'), a leading
manufacturer of ultra-precision measurement instrumentation for a variety of
markets, including optics, semiconductors, hard disk drives and nanotechnology
research. Taylor Hobson was acquired from funds advised by Permira for a
purchase price of approximately 51 million British pound sterling. With its
headquarters in Leicester, England, Taylor Hobson has expected 2004 sales of
approximately 38 million British pound sterling.

"We are very excited about our acquisition of Taylor Hobson," comments AMETEK
Chairman and Chief Executive Officer Frank S. Hermance. "This is a highly
differentiated business, focusing on the most complex and critical measurements
for its customers. Taylor Hobson significantly expands our measurement
capabilities into ultra-precision applications and is an excellent fit with our
strategic focus on adding more high-end analytical instrument businesses. With
this acquisition, our high-end analytical businesses now total more than $250
million in annual revenue."

"Taylor Hobson's instrumentation is able to measure the shape and finish of
surfaces to the sub-nanometer level. This measurement capability is a critical
enabling technology to support product development, manufacturing process
engineering and quality control. As product geometries continue to shrink,
Taylor Hobson's instrumentation becomes even more important," adds Mr. Hermance.

Taylor Hobson designs, manufactures, and services a broad array of contact and
non-contact instrumentation for ultra-precise measurement applications. These
instruments measure surface texture, shape and roundness, dimensions that are
critical in many industries including optics, semiconductor, hard disk drive,
automotive and bearing manufacturing. Nanotechnology is becoming an increasingly
important market for Taylor Hobson's technology and represents AMETEK's first
entry into this exciting area.

Taylor Hobson has long been a technology leader by providing standard setting
ultra-precision contact measurement systems. More recently, Taylor Hobson has
introduced new products based on non-contact optical technology, including the
Coherence Correlation Interferometer (CCI). This product sets new standards in
three-dimensional surface analysis with measurement resolution at the
sub-nanometer level.

Taylor Hobson joins AMETEK as part of its Electronic Instruments Group (EIG) --a
recognized leader in advanced monitoring, testing, calibrating and display
instruments. AMETEK EIG sells its instruments to the process, aerospace, power,
and industrial markets worldwide and had 2003 sales of approximately $560
million.

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AMETEK ACQUIRES TAYLOR HOBSON HOLDINGS LIMITED
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CORPORATE PROFILE

AMETEK IS A LEADING GLOBAL MANUFACTURER OF ELECTRONIC INSTRUMENTS AND ELECTRIC
MOTORS WITH ANNUAL SALES OF NEARLY $1.1 BILLION. AMETEK'S CORPORATE GROWTH PLAN
IS BASED ON FOUR KEY STRATEGIES: OPERATIONAL EXCELLENCE, STRATEGIC ACQUISITIONS
& ALLIANCES, GLOBAL & MARKET EXPANSION, AND NEW PRODUCTS. ITS OBJECTIVE IS
DOUBLE-DIGIT PERCENTAGE GROWTH IN EARNINGS PER SHARE OVER THE BUSINESS CYCLE AND
A SUPERIOR RETURN ON TOTAL CAPITAL. THE COMMON STOCK OF AMETEK IS A COMPONENT OF
THE S&P MIDCAP 400 INDEX AND THE RUSSELL 1000 INDEX.

ABOUT PERMIRA

PERMIRA IS A LEADING INTERNATIONAL PRIVATE EQUITY SPECIALIST. AS AN INDEPENDENT
BUSINESS, PERMIRA IS OWNED AND CONTROLLED BY ITS PARTNERS. IN OCTOBER 2003,
PERMIRA ANNOUNCED THE FINAL CLOSING OF A THIRD PAN-EUROPEAN FUND, PERMIRA EUROPE
III, WHICH, TOGETHER WITH COMMITMENTS FROM PERMIRA, TOTALS OVER EURO 5 BILLION.
THIS IS EUROPE'S LARGEST PRIVATE EQUITY FUND. THE FIRM'S TEAM OF 80
PROFESSIONALS, BASED IN FRANKFURT, LONDON, MADRID, MILAN, NEW YORK, PARIS AND
STOCKHOLM, ADVISES THE PERMIRA FUNDS WITH A TOTAL COMMITTED CAPITAL OF EURO 11
BILLION. SINCE 1985, THE PERMIRA FUNDS HAVE COMPLETED OVER 260 PRIVATE EQUITY
TRANSACTIONS. DURING THE LAST 3 YEARS, THE PERMIRA FUNDS HAVE COMPLETED 12
TRANSACTIONS WITH A COMBINED TRANSACTION VALUE OF OVER EURO 16 BILLION.
WWW.PERMIRA.COM

FORWARD-LOOKING INFORMATION

Statements in this news release that are not historical are considered
"forward-looking statements" and are subject to change based on various factors
and uncertainties that may cause actual results to differ significantly from
expectations. Those factors are contained in AMETEK's Securities and Exchange
Commission filings.

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