Vishay Makes Offer to Acquire PM Group Plc in the UK

Vishay Intertechnology, Inc. (NYSE:VSH) announced today that it has made an offer to acquire the whole of the issued share capital of UK based PM Group Plc (AIM:PGP) through a wholly owned subsidiary. By its terms, the offer is not available to persons in the United States and certain other jurisdictions; Vishay is not aware of any PM Group shareholders located in the United States. Vishay intends to only acquire PM Group’s on-board vehicle weighing business, PM Onboard, and to immediately sell PM Group’s second business, an electrical contracting business. PM Onboard is an advanced designer and manufacturer of systems used in the weighing and process control industries. Their products are widely used in the market for bin and waste weighing devices as well as for onboard weighing systems in the bulk haulage market. These technologies are based on Vishay’s strain gage technology. PM Onboard has expertise in instrumentation, system design, software development including wireless communication for weighing systems. Dr. Felix Zandman, Chairman of the Board, and Dr. Gerald Paul, President and Chief Executive Officer of Vishay Intertechnology, Inc. stated that this acquisition fits Vishay’s strategy for vertical integration in its Measurements Group—to expand from the base technology of strain gages where Vishay is the market leader to transducers and instruments to weighing systems and process control. This acquisition will provide for Vishay’s Measurements Group the foundation for growth in Europe in the market for bulk haulage. In addition, the expertise of PM Onboard can be used in the Americas and Asia to expand beyond bulk haulage into other areas of weighing systems and process control. Statements in this release concerning the expected benefits to Vishay of the acquisition of PM Onboard are forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the anticipated benefits may not materialize or may vary materially from those that are currently expected. The offer is subject to numerous conditions, including certain shareholder approvals of PM Group Plc, and there is no assurance that it will be consummated or that Vishay will be successful in acquiring all of the shares of PM Group. If the offer is consummated, the anticipated benefits of the acquisition will depend, among other factors, upon: general business and economic conditions, particularly in the markets served by PM Onboard; challenges in integrating PM Onboard with the other businesses in Vishay’s Measurements Group; difficulties in expanding the activities of PM Onboard into new geographic markets; regulatory action affecting the business of PM Onboard, particularly in the United Kingdom; and Vishay’s ability to retain and attract qualified personnel in the business in which PM Onboard is engaged. For other factors affecting Vishay's operations generally, and which may also affect the benefits anticipated from the acquisition of PM Onboard, see Vishay’s Annual Report on Form 10-K for the year ended December 31, 2006 filed with the Securities and Exchange Commission. Vishay does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, rectifiers, transistors, and optoelectronics and selected ICs) and passive electronic components (resistors, capacitors, inductors, sensors, and transducers). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, and medical markets. Its product innovations, successful acquisition strategy, and ability to provide "one-stop shop" service have made Vishay a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.