Morse Received Takeover Approaches

The Board of Morse plc notes the recent media speculation and confirms that it has received preliminary approaches at 25 pence per share which the Board believes significantly undervalues the Company. These preliminary approaches may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made.

Morse plc will be issuing a pre-close trading update on 9 July 2009 ahead of its preliminary announcement of results for the year-ended 30 June 2009 which is scheduled for 9 September 2009.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Morse confirms that it has 129,867,538 ordinary shares of 12.27 pence each in issue (of which 82 ordinary shares are not listed).

Investec, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Morse and no one else in connection with matters described in this announcement and will not be responsible to anyone other than Morse for providing the protections afforded to clients of Investec nor for providing advice in relation to matters described in this announcement.