Polypore, Inc.'s Offer to Purchase for Cash its Senior Subordinated Notes Will Not be Extended CHARLOTTE, N.C., Sept. 30 /PRNewswire-FirstCall/ -- Polypore, Inc. announced today that its Offer to Purchase up to $65,000,000 in aggregate principal amount of its outstanding 8-3/4% Senior Subordinated Dollar Notes due 2012 and up to euro 44,000,000 in aggregate principal amount of its outstanding 8-3/4% Senior Subordinated Euro Notes due 2012 is set to expire today at 5:00 p.m., New York City time. Polypore will not extend the offer because certain conditions to Polypore's obligation to accept for payment and pay for the Notes will not be satisfied prior to the expiration of the offer. No notes will be accepted for payment. Tendered Notes will be returned in accordance with the procedures set forth in the Offer to Purchase. Polypore also announced that it expects its adjusted EBITDA (as defined in Polypore's existing credit agreement) for the twelve months ended October 2, 2004 to be approximately $161 million. Polypore, Inc. is a worldwide developer, manufacturer and marketer of highly specialized polymer-based membranes used in separation and filtration processes. For more information, contact: Lynn Amos at Polypore, Inc., 13800 South Lakes Drive, Charlotte, NC 28273: (704) 587-8409. The Offer to Purchase did not constitute an offer in any jurisdiction in which, or to or from any person to or from whom, it was unlawful to make such offer under applicable securities or blue sky laws. The Offer to Purchase was not made in the Republic of Italy and the Offer to Purchase was not submitted to the clearance procedure of the Commissione Nazionale per le Societa e la Borsa pursuant to Italian laws and regulations and was not used in Italy in connection with the solicitation of offers to sell. Accordingly, holders of Notes were notified that, to the extent such holders were Italian residents, the offers were not available to them and, as such, any offers to sell received from such persons were void and neither the Offer to Purchase nor any other material relating to the Offer to Purchase was distributed or made available in Italy. Under no circumstances did the Offer to Purchase constitute the solicitation of an invitation or offer to buy the Notes from Italian residents. The Offer to Purchase was only for circulation to persons outside the United Kingdom, persons within the United Kingdom falling within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 or other persons to whom it was lawfully communicated in accordance with such order. This release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. These factors include the following: the highly competitive nature of the markets in which we sell our products; the failure to continue developing innovative products; the increased use of synthetic hemodialysis filtration membranes by our customers; the loss of our customers; the vertical integration by our customers of the production of our products into their own manufacturing process; increases in prices for raw materials or the loss of key supplier contracts; employee slowdowns, strikes or similar actions; product liability claims exposure; risks in connection with our operations outside the United States; the incurrence of substantial costs to comply with, or as a result of violations of, or liabilities under environmental laws; the failure in protecting our intellectual property; the failure to replace lost senior management; the incurrence of additional debt, contingent liabilities and expenses in connection of future acquisitions; the failure to effectively integrate newly acquired operations; seasonal fluctuations; and absence of expected returns from the amount of intangible assets we have recorded. Additional information concerning these and other important factors can be found within the Polypore International's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Given these uncertainties, the forward-looking statements discussed in this press release might not occur. DATASOURCE: Polypore, Inc. CONTACT: Lynn Amos of Polypore, Inc., +1-704-587-8409 Web site: http://www.polypore.net/

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