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Hubbell Incorporated Announces Notes Exchange Offer

ORANGE, Conn., Jul 3, 2002 (BUSINESS WIRE) -- Hubbell Incorporated (NYSE: HUBA, HUBB) today announced an offer to exchange up to $200,000,000 principal amount of its 6.375% Notes due 2012, registered under the Securities Act of 1933 (the exchange notes), for any and all of its outstanding 6.375% Notes due 2012 (the old notes). The exchange offer will expire at 5:00 p.m., New York City time, on Wednesday, July 31, unless Hubbell, in its sole discretion, decides to extend the exchange offer.

Hubbell issued $200.0 million of old notes on May 15, 2002. As stated in its Form S-4 Registration Statement filed June 18, 2002, Hubbell entered into a registration rights agreement on May 15, 2002, with the initial purchasers of the old notes, that requires it to file a registration statement under the Securities Act of 1933 providing for this exchange offer. The exchange notes will be issued without a restrictive legend and generally may be reoffered and resold without registration under the Securities Act of 1933.

The exchange agent for the exchange offer is JPMorgan Chase Bank, 4 New York Plaza, 13th Floor, New York, New York 10041. Information may also be obtained by calling (212) 623-8286.

Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, residential, utility, and telecommunications markets. Hubbell Incorporated operates manufacturing facilities in North America, Switzerland, Puerto Rico, Mexico, Italy and the United Kingdom, participates in a joint venture in Taiwan, and maintains sales offices in Singapore, the People's Republic of China, Mexico, Hong Kong, South Korea and the Middle East. The corporate headquarters is located in Orange, CT.

Hubbell Incorporated, Orange
Thomas R. Conlin, 203/799-4100
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