Intertek to Acquire Leading Technical Services Group Moody International From Investcorp

LONDON, March 7, 2011 - Intertek, the leading international provider of quality and safety
services, announced today that it has entered into an agreement to acquire
Moody International ("Moody") from the alternative investment firm
Investcorp.

Moody is a worldwide technical services organisation dedicated to
reducing clients' risks by providing technical inspection services, technical
staffing services, consulting and training, and global management system
certification and is a market leader in its chosen segments . It has 2,500
employees in 60 countries.

A leading global technical services platform

Moody's services are used by engineering, procurement & construction
(EPC) companies, energy companies and component manufacturers involved in the
construction and operation of energy facilities. It is the leading provider
of visual technical inspection services worldwide. These services help
multinational clients to ensure the accurate and on-time installation of new
facilities through inspection and expediting of components prior to
installation. Moody's asset integrity management and expert consulting
services also help clients to increase the value of their operating assets.
It provides independent analysis of data, chemical and materials, risk
modelling, laser scanning and other forensic analysis to help companies
reduce down-time, failure risks and associated costs and to extend the
lifecycle of assets. In addition Moody has gained recognition as one of the
largest global providers of customised technical, leadership, marine and
behaviour-based safety consulting and training for the oil & gas and other
high-risk industries.

Moody will extend Intertek's existing capabilities in technical
inspection and asset integrity management across all geographic regions
including Eastern Europe and with new footprints in South America and Africa,
resulting in full coverage across EMEA, Middle East, Asia Pacific and the
Americas.

Intertek provides expert services across the energy sector including
compliance consulting, product and component certification, emissions, and a
wide range of production, product and supply chain related testing,
inspection and analytical services. Moody and Intertek will be able to offer
a complementary mixture of services to clients across the entire energy
chain.

Management Systems Certification

Moody is a global management systems certification provider, delivering
an extensive range of services in the fields of quality, environmental,
occupational health and safety, food, automotive and marine fishery
certification. It provides systems certification services in over 25
countries for ISO 9001, ISO 14001, OHSAS 18001 and ISO 22000 standards, among
others. Moody is a market leader in Asia and one of the top 3 providers in
China and Japan. Moody's worldwide presence will enable Intertek to extend
its existing systems certification capabilities further into Africa, Middle
East and greater Europe. With a global systems certification reach, Intertek
and Moody will be able to better support local and multinational clients with
their needs for a variety of global or local auditing and management systems
certification services.

Intertek expects the acquisition to be completed by the middle of the
year, after competition clearances. Unified services will commence after
completion. Moody will join the Industry & Assurance division of Intertek.

"Moody is a leader in its chosen markets and will strengthen Intertek's
industry services and systems certification capabilities globally," said
Wolfhart Hauser, Chief Executive of Intertek Group. "We will be able to offer
Intertek and Moody clients a range of highly complementary quality and safety
services across the entire energy chain covering energy assets, processes and
products".

"Moody's business geographies will deepen and extend Intertek's global
coverage and increase our reach and service portfolio for clients," said
Stefan Butz, Group Executive Vice President of Intertek's Industry &
Assurance division. "Moody will help us meet our clients' increasing demand
for independent quality and safety support in some of the world's fastest
growing regions, where Moody has a strong presence. Our extended global
platform will let us develop innovative technical service support including
Asset Integrity Management across the wider energy and industrial markets in
the future, leveraging Intertek's global resources and expertise".

"Moody and Intertek are a perfect fit and will enable us to provide
intuitive service bundling together that is tailored to our clients'
different operations and needs," said Brendan Connolly, Chief Executive
Officer of Moody. "We can offer our world class technical inspection,
consultancy and training services to Intertek's clients and we will benefit
from Intertek's expertise in leading quality and safety across all
industries. This is a compelling combination for our clients and for our
people - we are very excited about our joint future."

"As a private equity owner we are pleased to have supported Moody's
management over the past four years and congratulate Brendan and his team who
have grown the company so successfully," said James Mahoney, a Managing
Director at Investcorp. "We are delighted with the outcome of this investment
for our clients and it is the right time for us to be handing on this
outstanding company to a new parent who brings considerable synergy."

About Intertek

Intertek is a leading provider of quality and safety solutions serving a
wide range of industries around the world. From auditing and inspection, to
testing, quality assurance and certification, Intertek people are dedicated
to adding value to customers' products and processes, supporting their
success in the global marketplace. Intertek has the expertise, resources and
global reach to support its customers through its network of more than 27,000
people in over 1,000 laboratories and offices in more than 100 countries
around the world. www.intertek.com

About Moody

Headquartered in the UK, with 2500 staff worldwide, Moody International
is a leading global provider of technical inspection, technical staffing,
consulting and training services to the oil and gas, construction, mining and
power generation industries and provides system certification services to all
sectors.

Media Contacts:

Sarah Ogilvie, Intertek Group, sarah.ogilvie@intertek.com,
+44-20-7396-3400

Niki Schroeder, Moody International, n.schroeder@moodyint.com,
+1-281-367-8764

Andrew Marshall, Fishburn Hedges - For Investcorp,
andrew.marshall@fishburn-hedges.co.uk, +44-20-7544-3131

Media Contacts: Sarah Ogilvie, Intertek Group, sarah.ogilvie at intertek.com,
+44-20-7396-3400; Niki Schroeder, Moody International, n.schroeder at moodyint.com,
+1-281-367-8764; Andrew Marshall, Fishburn Hedges - For Investcorp,
andrew.marshall at fishburn-hedges.co.uk, +44-20-7544-3131