Pall Completes Sale of Commercial Aircraft Aftermarket Distribution Rights

Pall Corporation (NYSE: PLL) announced today that it hascompleted the agreement giving Satair (Copenhagen: SAT.CO) theexclusive rights of its PAS division to distribute Pall filters to thecommercial aerospace aftermarket in North and South America. Theapproximately $27.5 million USD purchase price covers distributionrights, customer contracts and current inventory. The agreement is abroadening of the relationship with Satair, which distributes Pallfilters to the commercial aerospace industry throughout Europe, theMiddle East, Africa, Asia and the Pacific Rim. Pall, the global leaderin providing filtration and separation solutions to the aerospaceindustry, is currently one of Satair's leading suppliers and followingthis new agreement will be Satair's largest supplier. Satair is one ofthe world's leading distributors of production and spare parts foraircraft.

About Pall Corporation

Pall Corporation is the global leader in the rapidly growing fieldof filtration, separation and purification. Pall's business isorganized around two broad markets: Life Sciences and Industrial. TheCompany provides leading-edge products to meet the demanding needs ofcustomers in biotechnology, pharmaceuticals, transfusion medicine,semiconductors, water purification, aerospace and broad industrialmarkets. Total revenues for fiscal 2005 were $1.9 billion. The Companyheadquarters is in East Hills, New York with extensive operationsthroughout the world. Visit Pall at http://www.pall.com.

This release contains "forward-looking statements" as defined inthe Private Securities Litigation Reform Act of 1995. These statementsare based on current Company expectations and are subject to risks anduncertainties which could cause actual results to differ materially.Such risks and uncertainties include, but are not limited to:fluctuations in foreign currency exchange rates; regulatory approvaland market acceptance of new technologies; changes in product mix andproduct pricing and in interest rates and cost of raw materials; theCompany's success in enforcing its patents and protecting itsproprietary products and manufacturing techniques and its ability toachieve the savings anticipated from its cost reduction initiatives;global and regional economic conditions and legislative, regulatoryand political developments; and domestic and international competitionin the Company's global markets. Additional information regardingthese and other factors is available on the Web at www.pall.com and isincluded in the Company's reports filed with the U.S. Securities andExchange Commission. Copies of such reports can be obtained, withoutcharge, at www.sec.gov.

Management uses certain non-GAAP measurements to assess Pall'scurrent and future financial performance. The non-GAAP measurements donot replace the presentation of Pall's GAAP financial results. Thesemeasurements provide supplemental information to assist management inanalyzing Pall's financial position and results of operations. Pallhas chosen to provide this information to facilitate meaningfulcomparisons of past, present and future operating results and as ameans to emphasize the results of on-going operations.