Mr. Geier is Chairman Emeritus of The Interpublic Group of Companies, Inc., and was Chairman of the Board and Chief Executive Officer from 1980 through 2000. The Interpublic Group of Companies, Inc. is one of the world's largest organizations of marketing communications and marketing services companies. Mr. Geier has been named by Advertising Age as one of the "Top 100" most influential people in advertising in the Twentieth Century.

"We are delighted to have someone with Philip's expertise in marketing and communications join our Board of Directors," said Robert F. Spoerry, Chairman, President and CEO of METTLER TOLEDO. "One of the strengths of METTLER TOLEDO has been our excellent brand and our ability to continue to distinguish our marketing messages. Philip's impressive experience in these areas is very complementary to the skills of our Board, and positions us well for continued success in the future."

METTLER TOLEDO is a leading global manufacturer of precision instruments. The Company is the world's largest manufacturer and marketer of weighing instruments for use in laboratory, industrial and food retailing applications. The Company also holds top-three market positions in several related analytical instruments and is a leading provider of automated chemistry systems used in drug and chemical compound discovery and development. In addition, the Company is the world's largest manufacturer and marketer of metal detection systems used in production and packaging. Additional information about METTLER TOLEDO can be found on the World Wide Web at "www.mt.com."

Statements in this discussion which are not historical facts may be considered "forward-looking statements" that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual events or results to differ from those contained in the forward-looking statements, see Exhibit 99.1 to the Company's Annual Report on Form 10-K for the most recently ended fiscal year.