Return of cash – result of election

Bodycote PLC wishes to provide an update in respect of the Return of Cash, details of which were set out in the Circular to Shareholders published on 21 November 2008 (’the Circular’) and which was approved by Shareholders on 8 December 2008. The latest time for receipt of Election Forms from certificated Shareholders and USE Instructions from Crest Shareholders in relation to the B Share Alternatives as defined in the Circular was 3pm on Friday 12 December 2008.

Elections/USE Instructions have been received in respect of the B Share Alternatives as follows:

* Alternative 1 (Initial Redemption) – in respect of 251,930,137 B Shares;

* Alternative 2 (Single B Share Dividend) – in respect of 70,328,634 B Shares; and

* Alternative 3 (Final Redemption) – in respect of 1,658,625 B Shares.

Contacts:
Bodycote plc Telephone – 01625 505 300
John Hubbard, Chief Executive Officer
David Landless, Group Finance Director
Credit Suisse Securities (Europe) Limited Telephone – 020 7888 8888
Chris Byrne
Financial Dynamics Telephone – 020 7269 7278
Jon Simmons