Anglian Water Awards Contract for Smart Water Meters to Elster

V200 / V210 volumetric hybrid water meters with integrated radio set new standards in Smart Metering

LUTON, England, December 10, 2010 - Elster (NYSE: ELT) announced today that it has been awarded a contract
from Anglian Water for the supply of V200 and V210 volumetric polymer hybrid
Smart Meters.

A key advantage of the V200 and V210 polymer hybrid meters is that they
comprise a fully integrated, tamperproof advanced meter reading (AMR) unit,
alongside Smart Metering features to enable water providers to manage their
resources more effectively.

Using advanced electronic register technology, the V200 and V210 hybrids
are volumetric water meters which set new standards in automated meter
reading. Easy to install with no complex commissioning, the V200 and V210
hybrids use intelligence within the electronic register to turn simple data
into valuable metering information such as back flow, no flow and leakage
detection.

The V200 and V210 hybrids have been designed to form an integral part of
Elster's advanced metering infrastructure (AMI) system, ensuring water
utilities are able to meet their targets for resource management and customer
service.

"Anglian Water looks forward to the imminent installation of the V200 and
V210 polymer hybrid meters from Elster as part of Anglian Water's extended
trial of radio meters. The signs to date are encouraging on ease of
installation, set up and use," said Paul Glass, project manager for Anglian
Water.

"With world class design and manufacturing facilities based in the UK, we
can see major benefits in being able to work with Elster. We can influence
them in terms of designing products to meet our future needs and Elster can
support us with a high volume supply of water meters," Glass added.

"We are delighted to have received the tender award from Anglian Water.
The innovative V200 and V210 polymer hybrid water meters with integrated
radios represent the latest technology in smart water meters," commented
Jerry Lauzze, executive vice president of Elster's global water business.

About Elster

Elster (NYSE: ELT) is one of the world's largest electricity, gas and
water measurement and control providers. Our offerings include distribution
monitoring and control, advanced smart metering, demand response, networking
and software solutions, and numerous related communications and services –
key components for enabling consumer choice, operational efficiency and
conservation. Our products and solutions are widely used by utilities in the
traditional and emerging Smart Grid markets.

Elster has one of the most extensive installed revenue measurement bases
in the world, with more than 200 million metering devices deployed over the
course of the last 10 years. It sells its products and services in more than
130 countries across electricity, gas, water and multi-utility applications
for residential, commercial and industrial, and transmission and distribution
applications.

For more information about Elster, please visit www.elster.com.

About Elster Metering Limited

Elster Metering Limited is a world leader in providing innovative water
metering solutions, including low flow and leakage detection applications.
Elster Metering Limited manufactures water meters for utility, commercial and
domestic use at its factories worldwide and offers a complete water metering
portfolio including solutions for revenue metering, cost allocation, network
monitoring, distribution and industrial applications.

For more information about Elster Metering, please visit
www.elstermetering.com

Investors: John Bluth, Elster Investor Relations and Corporate Communications, +1-919-250-5425, john.bluth at elster.com, or Ronald Botoff, Elster Investor Relations, +1-919-212-4857, ron.botoff at elster.com; or Media: Rainer Mueller-Mueffelmann, Elster Corporate Communications, +49-0-6134-605-213, rainer.mueller-mueffelmann at elster.com, or Perry Shead, Elster Corporate Communications, Elster Metering Holding Ltd., +44-1582-846400, perry.shead at gb.elster.com