Landis+Gyr Raises US$165 Million From DLJ Merchant Banking Partners and Global Shareholder Base

US$250 million raised in the past 12 months for the leading smart grid company

ZUG, Switzerland, April 7, 2010 - Landis+Gyr, the world's largest electricity metering and smart meter
solutions company that is helping bring the smart grid to reality across the
globe, today announced that it had signed an agreement to raise an additional
US$165 million in capital to fund the company's continued growth and support
smart metering roll-outs worldwide. Joining Landis+Gyr's global base of
existing shareholders for this round of investing is DLJ Merchant Banking, a
division of Credit Suisse's Asset Management division. The transaction is
expected to close by mid-April 2010.

"Energy conservation is the critical fifth fuel as global energy demand
continues to outpace supply, and smart meters are an essential ingredient in
addressing the imbalance," said Landis+Gyr CEO, Cameron O'Reilly. "This
commitment of DLJ Merchant Banking and our existing shareholders is a
testament both to their vision and Landis+Gyr's unique leadership position in
the rapidly growing global smart meter industry."

"Over the past year, and despite the severe global economic downturn, we
have been able to raise more than US$250 million in capital designed to
invest in the continued growth of Landis+Gyr."

Edward Johnson, Managing Director and Partner, DLJ Merchant Banking
Partners said, "We believe the company is uniquely positioned to capitalize
in the global smart meter market and we are excited to have the opportunity
to partner with such a high quality management team, led by Cameron O'Reilly,
and it's existing group of global investors. We look forward to having Allen
Yurko, one of our Industry Partners, join the Board of Directors. Allen
brings a wealth of operating experience, including experience in the metering
space, in addition to his thorough understanding of the utility sector."

Landis+Gyr is well situated to continue capitalizing on the global smart
metering opportunity. The company has won significant new orders around the
world in the last 12 months, including major contracts in Australia, across
the Nordics countries, in the United States and most recently in the United
Kingdom, where the company has just announced a contract with British Gas to
provide the first 1 million electricity and gas meters of the country's
mandated 47 million meter rollout. The company spends approximately US$90
million per year on research and development to ensure that it has the
broadest technology portfolio in the industry, now being deployed for example
at US customers PG&E and Oncor, and in Australia for CHED and SP AusNet. The
company has recently released its latest generation 'in-home display unit',
targeting the rapidly growing market for in-home energy monitoring and
management. In addition to its smart metering wins, the company has also had
substantial success in the high-precision products market for China as well
as in South America and India with its new anti-theft technologies which
enable utilities to provide electricity to areas that otherwise might go
without.

The deployment of smart metering and the consequent empowerment of
consumers to actively participate in the energy market is the first step
towards the creation of a 'Smart Grid', an electricity network that can
intelligently integrate the actions of all users connected to it -
generators, consumers and those that do both - in order to efficiently
deliver sustainable, economic and secure electricity supplies.

About Landis+Gyr

Landis+Gyr is the leading provider of integrated energy management
solutions tailored to energy company needs. With a global presence and a
reputation for quality and innovation, Landis+Gyr is unique in its ability to
deliver true end-to-end advanced metering solutions. Today, the Company
offers the broadest portfolio of products and services in the electricity
metering industry, and is paving the way for the next generation of smart
grid. With annualized sales of more than US$1.25 billion, Landis+Gyr operates
in more than 30 countries across five continents, and employs nearly 5,000
people with the sole mission of helping the world manage energy better

About DLJ Merchant Banking Partners

DLJ Merchant Banking Partners (DLJMB) is a leading private equity
investor that has a 24-year record of investing in growth capital
opportunities, leveraged buyouts and related transactions across a broad
range of industries. DLJMB, with offices in New York, London and Los Angeles,
is part of Credit Suisse's Asset Management business. In its Asset Management
business, Credit Suisse offers products across a broad spectrum of investment
classes, including alternative investments such as private equity, hedge
funds, real estate and credit, as well as multi-asset class solutions, which
include equities and fixed income products. Credit Suisse's Asset Management
business manages portfolios, mutual funds and other investment vehicles for a
broad spectrum of clients ranging from governments, institutions and
corporations to private individuals. With offices focused on asset management
in 19 countries, Credit Suisse's Asset Management business is operated as a
globally integrated network to deliver the bank's best investment ideas and
capabilities to clients around the world. All businesses of Credit Suisse are
subject to distinct regulatory requirements; certain products and services
may not be available in all jurisdictions or to all client types

Financial Community: Stan March, Senior Vice President, Corporate Communications of Landis+Gyr, +1-646-205-3119, Stan.March at landisgyr.com; or Media: Thor Valdmanis of FD, +1-212-850-5696, thor.valdmanis at fd.com