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News Release

Sensus Announces Results of its Tender Offer and Consent Solicitation for its 8-5/8% Senior Subordinated Notes Due 2013

Tender Offer Funded by New Senior Secured Credit Facilities

Sensus USA Inc. (“Sensus”), a leading technology company providing energy and water utility customers worldwide with innovative conservation products and services, announced today that it has accepted for purchase an aggregate of $274,980,000 (99.99%) of its 8-5/8% Senior Subordinated Notes due 2013 (the “Notes”) that were tendered in connection with its previously announced tender offer and consent solicitation.

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