Teleflex Presents to Investors At Deutsche Banc Alex. Brown Basic Industries Conference

    PLYMOUTH MEETING, Pa.--Nov. 28, 2001--Teleflex Incorporated management spoke to investors at the Deutsche Banc Alex. Brown Basic Industries conference. Jeffrey P. Black, president, and Harold L. Zuber Jr., executive vice president and chief financial officer, spoke about new products, systems capabilities and the company's ability to grow through different stages of the economic cycle.
    "Sales of innovative new products and integrated systems versus discreet components are helping to offset weakness in some of our markets, particularly in automotive and marine," said Mr. Black. He said Teleflex is committed to investing regularly to develop new products that add real value for customers, such as the adjustable pedal systems and electronic throttle controls, which are expected to generate close to $100 million in sales for Teleflex's Commercial Segment in 2002.
    "We also continue to move toward providing more complex and complete systems and solutions for customers, resulting in higher dollar content per car, boat or aircraft," said Mr. Black. "In our Aerospace Segment, we expect sales of our air cargo handling systems to grow over the next five years as a result of increasing demand for more fully integrated systems, as well as additional market penetration and growth in spares and repairs." He indicated that solid sales growth is expected for the products and services sold in the industrial gas turbine (IGT) market, where the company has been investing for the last several years. Teleflex has expanded its capabilities to include diagnostic monitoring, engineering and field services that will enable the company to provide full life cycle support to IGT end-users on a global basis.
    "Our Medical businesses are growing steadily, albeit more slowly, and they provide a strategic balance to the cyclicality of the aerospace and automotive markets," said Mr. Black. "We see plenty of opportunities to grow in niche product lines on a global basis," he continued, "and we expect to continue improving margins as well."
    Harold L. Zuber, chief financial officer, said, "We also continue to pursue acquisitions to supplement core growth, using our healthy balance sheet and strong cash flow." In the first nine months of this year, Teleflex acquired 11 businesses, the largest of which was Morse Controls, a worldwide supplier of marine and industrial products. "Our Marine Group moved quickly to integrate Morse. This strategic acquisition will add 11 cents to earnings per share in 2001, and has created significant shareholder value."
    The replay of the audio broadcast of Mr. Black's and Mr. Zuber's remarks can be heard for a limited time via the archived webcast available at Deutsche Banc's web site: http://webevents.broadcast.com/db/basic112601.

    Teleflex At A Glance:
    Teleflex is a diversified industrial company with annual sales of more than $1.8 billion. The company designs, manufactures and distributes quality engineered products and services for the aerospace, medical, automotive, marine and industrial markets worldwide. Teleflex employs more than 16,000 people worldwide who focus on providing innovative solutions for customers. Additional information about Teleflex can be obtained from the company's Web site on the Internet at www.teleflex.com.

    Forward-looking information:
    Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties that may cause actual results to differ from those contemplated in the statements. These factors are discussed in the company's Securities and Exchange Commission filings.