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AMETEK Determines Purchase Price for Tender Offer

14 July 1998

AMETEK Determines Purchase Price for Tender Offer and Consent Solicitation

    PAOLI, Pa., July 14 -- AMETEK Inc. today
announced that it has determined the purchase price for its tender offer and
consent solicitation (the "Offer") for its 9-3/4% Senior Notes due 2004 (the
"Notes").  Pursuant to the terms of the Offer, the yield on the Reference
Security (the 5-7/8% U.S. Treasury Note due March 31, 1999) was 5.45%,
calculated by the dealer manager in accordance with standard market practice,
based on the bid price for the Reference Security as indicated on Bloomberg
page "PX3" as of 2:00 p.m., New York City time, on July 13, 1998.
    Based on this yield, the yield to the earliest redemption date of the
Notes is 5.95%, and the price of the Notes is $1,071.02 per $1,000 principal
amount of Notes, assuming payment on July 17, 1998.  Accordingly, per $1,000
principal amount of Notes, the Total Consideration for the Offer is $1,104.06,
the Tender Consideration for the Offer (which does not include the Consent
Payment) is $1,079.06, and the amount of accrued interest included in these
amounts, assuming payment on the expected payment date of July 17, 1998, is
$33.04.  The Company has determined to pay the Consent Payment to all holders
who properly tender their Notes at or prior to the expiration of the Offer.
    As previously announced, this offer will expire at 12:00, midnight, New
York City time, on July 15, 1998, having been extended from the original
expiration date of June 30, 1998.  Please call Salomon Smith Barney, the
exclusive dealer manager and solicitation agent, at 800-558-3745 with any
questions pertaining to the Offer.
    This announcement is neither an offer to purchase nor a solicitation of an
offer to sell the Notes.  The offer is made solely by the Offer to Purchase
dated June 3, 1998.