Shareholder Response

10 Feb 2012 17:14

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN,

INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF

THE RELEVANT LAWS IN THAT JURISDICTION

For immediate release

9 February 2012

Steel Partners Holdings L.P. ("Steel") refers to the letter sent to the Board of API Group plc ("API") on 8 February 2012. API have issued an announcement responding to the letter, which states that API "takes the views of all its shareholders extremely seriously and will give due consideration to the proposal from Steel and keep shareholders informed of any significant developments."

Steel wishes to clarify that it is not currently looking for a purchaser of its shares in API, but reserves the right to respond to any approaches made for its shares in API.

Contact: Steel Partners Holdings GP Inc. Jack L. Howard, President 001 212 520-2300