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SCOTT TECHNOLOGY LTD - SALE NEGOTIATIONS

12:00AM, 30 May 2006 | ASSET

30 May 2006

Listed Company Relations
New Zealand Exchange Limited
PO Box 2959
WELLINGTON

Dear Sir/Madam

SCOTT TECHNOLOGY LTD - SALE NEGOTIATIONS

The Directors of Scott Technology Limited advise that the company has entered
into negotiations for the sale of its Auckland division, Package Handling
Systems, to the management of that business.

The proposed management buy out is headed by Mr Paul Denton and the majority
of the present staff would transfer to the new company.

Scott Technology purchased this business in 2002 to aid industry
diversification and to compliment Dunedin's Automation Division, which
subsequently focussed its attention on opportunities with automated meat
processing systems.  A review of the Auckland Package Handling business
determined that it did not fit with the high technology development which
Scotts is pursuing its Christchurch Appliance Manufacturing Systems and its
Dunedin Meat Automation Systems.

We will update NZX on the outcome of the negotiations.

Yours faithfully

Graeme J Marsh
Chairman of Directors

Chris Hopkins
Managing Director