Released: 03/11/2009

com:20091103:RnsC8715B
                                                                                                                       .
RNS Number : 8715B  
  
Johnson Matthey PLC  
  
03 November 2009  
  
For immediate release on Tuesday 3rd November 2009  
  
Johnson Matthey Enters Into Consultation on UK Pensions  
  
Johnson Matthey announces that it has entered into a minimum 90 day consultation 
period over the structure of future pension arrangements for its UK employees.  
  
  
The provisional results of the latest triennial revaluation of the company's UK 
final salary pension scheme indicates an actuarial deficit as at 1st April 2009 
of £173 million. This compares with a surplus of £26 million as at 1st April 
2006. The company has agreed to eliminate this deficit by making additional cash 
contributions of £23.1 million per annum over the next 10 years from 1st April 
2010.    
  
In order to limit the growth of future pension liabilities, the company is 
proposing that, subject to consultation, with effect from 1st April 2010, its 
current contributory final salary pension scheme will be replaced by a 
non-contributory career average salary, defined benefit scheme. This career 
average salary scheme was introduced for all new employees in the UK from 1st 
April 2006.    
  
The result of this consultation process will be known in early 2010.   
  
Enquiries:    
  
Ian Godwin      Director, IR and Corporate Communications    020 7269 8410    
  
Sally Jones      Public Relations Manager                                  020 
7269 8407    
  
Howard Lee     The HeadLand Consultancy                              020 7367 
5225    
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
MSCUOVORKNRARAA