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Enodis Announces Sale of Vent Master and Strategic Alliance with Halton NEW PORT RICHEY, Fla., Feb. 4 /PRNewswire-FirstCall/ -- Enodis plc (NYSE:ENO), a leading provider of solutions to the food equipment industry, has signed an agreement to sell its Vent Master subsidiary to The Halton Group effective 4 March 2005 for $6 million (3.2 million pounds Sterling) in cash. Vent Master is a high end commercial kitchen ventilation and air purification business, with operations in North America and the UK. In the year ended 2 October 2004 Vent Master had a net operating loss of $0.7 million (0.4 million pounds) on revenues of $22.6 million (12.7 million pounds). Net assets at 2 October 2004 were $ 2.9 million (1.6 million pounds) and the exceptional loss on disposal will be approximately $12.5 million (6.6 million pounds) due to previously written off goodwill. Vent Master has a total of 125 employees (55 in the UK). The sale includes the Vent Master and Air Tech Brands. Under the terms of the agreement, Garland Commercial Ranges Ltd., a subsidiary of Enodis, will continue to represent Vent Master as its sales arm in Canada, and the US sales representatives will continue selling Vent Master products. Enodis plc and The Halton Group will also enter into a strategic alliance which will include supply and development agreements and commercial co- operation. The Halton Group (http://www.halton.com/) is a global supplier of indoor climate products and systems. The product range of this family company covers indoor climate solutions for commercial and public buildings, industry, hotels, foodservice facilities and marine. Halton Group and its subsidiaries operate in 13 countries in Europe, North America and Asia. Halton has manufacturing facilities and R&D centres in Finland, France, Hungary, Malaysia, Norway and the United States of America. Dave McCulloch, Enodis Chief Executive Officer, commented: "This transaction is consistent with our strategy to focus on our core operations and allows us to commit further resources to the opportunities we see in the global foodservice marketplace. Vent Master, which currently represents less than three percent of overall Enodis sales, is an excellent business with developing technologies, in particular its Reactocell(R) Ultra Violet systems. We believe that The Halton Group is well positioned to help this business realise its full potential. "At the same time, our strategic alliance with Halton will give our customers continuity, an expanded product offering and will provide Enodis and Halton with exciting opportunities to co-operate in the foodservice sector." For further enquiries: Dave McCulloch Chief Executive Officer 727-569-1195 Eric Boyriven/Scot Hoffman Financial Dynamics 212-850-5600 About the Company Enodis plc (http://www.enodis.com/) is a world-wide company focused on the design, manufacture and supply of food equipment. Through its two operating groups, Global Food Service Equipment and Food Retail Equipment, it has 29 factories in 8 countries and a large portfolio of premium brands including Scotsman, Garland, Frymaster, Cleveland, Delfield, Jackson, Lincoln, Convotherm, and Merrychef in foodservice, and Kysor/Warren and Kysor Panel Systems in food retail equipment. Safe Harbor Statement This press release contains "forward-looking statements," within the meaning of the U.S. federal securities laws, that represent our expectations or beliefs regarding future events, based on currently available information, including statements concerning our anticipated performance. These statements by their nature involve risks and uncertainties, many of which are beyond our control. Our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, including unfavorable changes in the price of commodities or raw materials; consolidation or loss of large customers; adverse changes in customer purchasing patterns; competitive pricing pressures; our abililty to successfully innovate, develop and market new products; currency fluctuations; the outcome of lawsuits against us; our ability to recognize deferred tax assets; and other risks related to our U.S., U.K. and foreign operations. A more complete description of our risk factors is included under "Risk Factors" in our Annual Report on Form 20-F which was filed with the SEC during December 2004. DATASOURCE: Enodis CONTACT: Dave McCulloch, Chief Executive Officer, Enodis, +1-727-569-1195; Eric Boyriven or Scot Hoffman, Financial Dynamics, +1-212-850-5600, for Enodis Web site: http://www.enodis.com/ http://www.halton.com/

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