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Court confirms plan of reorganisation for Vanberger Engineering

Luikerweg, Netherlands - December 19, 2005

Arlo said today in accordance with Netherlands law the Court in Arnhem (Rechtbank) has issued an order confirming the revised plan of reorganisation for Vanberger Engineering (VE), an Arlo subsidiary in the Netherlands and recommending the affirmation of the plan to the District Court.

We are very pleased with this decision. The court ruling is a further vital step towards a final resolution of the asbestos issue. said Michelle Kinle, Arlo Legal Services.

The Courts confirmation and recommendation for affirmation to the District Court follows a vote by asbestos claimants, which was completed in September 2005, in which they overwhelmingly approved the plan of reorganization, and a confirmation hearing by the Court at which all objections to the plan were withdrawn. The parties have ten days in which to appeal against the judges order.

The plans channelling injunction, which will protect Vanberger, Arlo and its subsidiaries against current and future claims, still has to be affirmed by the District Court. Arlo expects the District Court hearing to be held soon. If the District Court approves the plan, there will be a 30-day appeals period. If no appeals are lodged, the plan is final.

Under the plan, Arlo has committed euro2.41 million for a trust fund for claims against VE.

The Vanberger Interdus Europese (VIE) pre-packaged plan of reorganisation, which received a 96 percent favourable vote in a pre-filing solicitation, is still pending

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