THREE-FOR-TWO STOCK SPLIT COMPLETED BY MOOG

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THREE-FOR-TWO STOCK SPLIT COMPLETED BY MOOG
24 September 2001 - Moog Controls

Moog Inc. announced today that its shares began trading on September 24, 2001 on a split-adjusted basis. The previously announced three-for-two split, which is in the form of a 50% stock dividend for both Class A and Class B common shares, was payable on September 21 to shareholders of record on September 7. The closing Class A share price on September 21 was $32.24, which on a split-adjusted basis is $21.49. The closing Class B share price was $40.75, which on a split-adjusted basis is $27.17.

The stock split is intended to make shares more accessible to both institutional and individual shareholders. As a result of the three-for-two split, Moog now has approximately 13.1 million shares outstanding.

Moog is a worldwide manufacturer of precision control components and systems. Moog's high-performance actuation products control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles and automated industrial machinery.

A registration statement relating to Moog's securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This document shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Moog's securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

When it becomes available, a copy of the preliminary prospectus relating to the proposed offering may be obtained from Merrill Lynch & Co., Four World Financial Center, New York, NY 10080, Credit Suisse First Boston, Eleven Madison Avenue, New York, NY 10010, and SG Cowen, One Financial Square, New York, NY 10005.

http://www.moog.co.uk

About: Moog Controls
Moog Controls started life in the UK in October 1965 as Moog Hydra-Point, based in Cheltenham, England. This new subsidiary was set up to manufacture and market the Moog Hydra-Point machines in the UK, South Africa and European common market.

Nearly 40 years later, not only does MCL manufacture a suite of products for motion control applications, they are also active in the design and development of new and innovative solutions for precision control problems. Our team of highly skilled engineers can provide project support to assist our customers in the performance of a wide variety of applications including, motion simulators for training and entertainment, industrial gas turbine controls, plastics machinery controls, heavy industry, metal forming & pressing, and commercial and military ground vehicle controls.

All Moog subsidiaries are represented by regional sales engineers backed by comprehensive product and engineering support teams. Add to this the global presence of Moog and you are ensured a competent partner to deliver and service you and your customers needs.

MCL employs over 270 people on its Tewkesbury site, accommodated in 3 buildings, producing over 21,500 servovalves per annum.

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