TTI Reports Double-Digit Sales and Profit Growth Driven by Milwaukee(R) Tools, New Product and Geographic Expansion

HONG KONG, August 23, 2010 - Hong Kong-based global power tools and floor care company, Techtronic
Industries Co. Ltd. ("TTI" / The Group) (stock code: 669, ADR symbol: TTNDY)
announced strong net profit growth of 40.5% for the first six months of 2010,
reflecting robust sales growth and higher margins from new products.

For the six months ended June, the Group's sales were US$1.6 billion, an
increase of 10.5% over the same period in 2009. EBIT before restructuring
increased 58.9% as sales grew in all major markets led by strong performances
from the leading Milwaukee(R) and Hoover(R) brands. The strategic investment
in these brands with an expanding portfolio of innovative products enabled
both sales and margins to increase during the period.

Mr. Horst Pudwill, Chairman of TTI said, "We are very pleased with the
progress of the Company and the profit improvement in the first half. This
reflects the strength of our brands, new products, and success of our
strategic geographic expansion. TTI is in a healthy financial position and I
am confident our performance will continue to improve in 2010 and beyond."

"TTI has developed a tremendous capability for new products putting us at
the vanguard of innovation that enhances end-user satisfaction and
productivity. This delivers the first mover advantage that will sustain our
leadership position and growth. We have a great future ahead of us," said Mr.
Joseph Galli, CEO of TTI.

Financial Result for the six months period ended June 30, 2010

                                   2010     2009     2010     2009    Changes
                                    HK$'     HK$'     US$'     US$'      %
                                  million  million  million  million      

    Turnover                      12,535   11,342    1,607    1,454     10.5 

    EBITDA (before restructuring
     costs)                        1,250      905      160      116     38.1 

    EBITDA                         1,106      905      142      116     22.2 

    EBIT (before restructuring
     costs)                          808      509      104       65     58.9 

    EBIT                             664      509       85       65     30.6 

    Profit attributable to Owners
     of the Company
     (before restructuring costs)    506      258       65       33     96.3                                    

    Profit attributable to Owners
     of the Company                  362      258       46       33     40.5                                            

    EPS (HK/US cents)              22.74    17.18     2.92     2.20     32.4 

    Interim dividend per share
     (HK/US cents)                  3.75     3.00     0.48     0.38     25.0

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 and professional
products marketed to the home improvement 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, Ryobi(R) and Homelite(R) outdoor products, and
Hoover(R), Dirt Devil(R) and Vax(R) floor care products and accessories.

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
www.ttigroup.com .

Techtronic Industries Co. Ltd., Eva Lee, +852-2402-6327, or eva.lee at tti.com.hk; Or Strategic Financial Relations Limited, Veron Ng, +852-2864-4831, or veron.ng at sprg.com.hk; or Ming Chan, +852-2864-4892, or ming.chan at sprg.com.hk; Or Helen Leung, +852-2864-4851, or Helen.leung at sprg.com.hk, or fax, +852-2804-2789/ 2527-1196