Tomkins Completes Debut Sterling Bond Issue

    LONDON--Dec. 11, 2001--Tomkins PLC announces that yesterday it has successfully completed its debut sterling bond issue under its Global Medium Term Note Programme that was signed on October 26, 2001.
    150 Pounds Sterling million of 10 year bonds have been issued through lead managers HSBC, UBS Warburg and ABN AMRO, at a coupon of 8.0 per cent and an issue price of 99.369, (equivalent to a spread of 3 per cent over the March 2012 Gilt).
    Ken Lever, Finance Director of Tomkins PLC, commented:
    "We are delighted that we have been able to put in place the first stage of our plans to broaden the financing sources of the group and to extend the maturity of our debt facilities."
    Tomkins is a global engineering group of businesses with market and technical leadership positions, manufacturing value added systems and components for the automotive, industrial and construction industries.
    Tomkins shares trade in the US in ADR form (each equal to four ordinary shares) on the New York Stock Exchange under the symbol TKS; its ordinary shares are listed on the London Stock Exchange.