TTI Reports 2010 Profit Growth of 50.7%

By Techtronic Industries Co. Ltd., PRNE
Wednesday, March 23, 2011

Continued execution of our strategies produced strong results

HONG KONG, March 24, 2011 - Hong Kong-based global power tools and floor care company,
Techtronic Industries Co. Ltd. ("TTI" / The Group) (stock code: 669, ADR
symbol: TTNDY) marked its 25th year with a solid net profit increase of 50.7%
in 2010 as all business units performed strongly. This was the result of
strength in new products, continued geographic expansion, and significant
operational efficiencies.

Sales were HK$26.4 billion (US$3.4 billion) for the full year,
representing a 10.0% increase over 2009. Our full year profit attributable to
owners of the company was HK$740 million (US$95 million), an increase of
50.7% and earnings per share increased 45.1% to HK46.23 cents over the prior

TTI's leading brands, including MILWAUKEE(R), AEG(R), RYOBI(R),
HOMELITE(R), HOOVER(R), DIRT DEVIL(R) and VAX(R), generated outstanding
growth through innovative new product and extensions into new categories, as
well as geographic expansion. New product platforms accounted for
approximately one third of Group global sales in 2010.

Mr. Horst Pudwill, Chairman of TTI said. "We are pleased with
these results. Entering 2011, our excellent product portfolio, and superior
brands give us strong confidence the Group will capitalize on the
opportunities and drive further growth."

"We continued to invest in developing exciting new products,
building our brands, expanding global operations, and implementing cost
containment programs. These actions have further strengthened TTI's market
leadership position. Our strong growth and improvement in profit margins
underscores the effectiveness of our strategies. I am very excited about
TTI's future." said Mr. Joseph Galli, CEO of TTI.

    Financial Highlights
                                2010    2009    2010    2009
                                HK$'    HK$'    US$'    US$'
                             million million million million  Changes

    Turnover                  26,386  23,985   3,383   3,075   +10.0%
     (before restructuring
     costs)                    2,396   1,784     307     229   +34.3%
    EBITDA                     2,188   1,784     280     229   +22.6%
     (before restructuring
     costs)                    1,510     978     194     125   +54.4%
    EBIT                       1,302     978     167     125   +33.1%
    Profit attributable to
     Owners of the Company
    (before restructuring
     costs)                      948     491     122      63   +93.1%
    Profit attributable to
     Owners of the Company       740     491      95      63   +50.7%
    Basic earnings per share
     (HK/US cents)             46.23   31.87    5.93    4.09   +45.1%
    Dividend per share
     (HK/US cents)             10.00    7.50    1.28    0.96   +33.3%

About TTI

Founded in 1985 and listed on the Stock Exchange of Hong Kong
Limited in 1990, TTI is a world-class leader in quality consumer,
professional and industrial products marketed to the home improvement,
hardware, and construction industries. An unrelenting strategic focus on
Powerful Brands, Innovative Products, Exceptional People, and Operational
Excellence drives our success.

TTI's powerful brand portfolio includes MILWAUKEE(R), AEG(R) and
RYOBI(R) power tools, and accessories and hand tools, RYOBI(R) and
HOMELITE(R) Outdoor Products, and HOOVER(R), DIRT DEVIL(R) and VAX(R) floor
care and appliances.

TTI is one of the constituent stocks on the Hang Seng HK SmallCap
Index under the Hang Seng Composite Index, the FTSE All-World Hong Kong Index
and the FTSE Xinhua Hong Kong Index. For more information, please visit

All trademarks are intellectual property of their respective
owners and are protected under trademark law.

AEG(R) is a registered trademark and its use is pursuant to a
License granted by AB Electrolux (publ).

RYOBI(R) is a registered trademark and its use is pursuant to a
License granted by Ryobi Limited.

Techtronic Industries Co. Ltd., Eva Lee, +(852)-2402-6327, eva.lee at; Strategic Financial Relations Limited, Veron Ng, +(852)-2864-4831, at; Ming Chan, +(852)-2864-4892, ming.chan at; Margaret Lam +(852)-2864 4890, margaret.lam at; Fax +(852)-2804-2789 / 2527-1196

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