IDEX CORPORATION ANNOUNCES THE PRICING OF THE PRIMARY AND SECONDARY COMMON STOCK OFFERING

NORTHBROOK, Ill., April 29, 2002 -- IDEX Corporation (NYSE: IEX) today announced the pricing of the public offering of 5,000,000 shares of IDEX common stock at a price of $36.00 per share pursuant to an effective registration statement on Form S-3, registration No. 333-84036. Of these shares of common stock offered, IDEX is issuing and selling 1,500,000 primary shares, IDEX Associates, L.P. is selling 2,939,199 secondary shares, and KKR Associates, L.P. is selling 560,801 secondary shares. KKR Associates is the general partner of IDEX Associates.

Merrill Lynch & Co. is serving as lead underwriter for the offering, with Credit Suisse First Boston serving as co-lead underwriter, and Robert W. Baird & Co., Banc of America Securities LLC, and Bear, Stearns & Co. Inc. acting as co-managing underwriters. The net proceeds to IDEX from the offering will be used to repay indebtedness under its revolving credit facility, thereby increasing the amount available for borrowing under the facility, which the company intends to use for general corporate purposes, including the funding of acquisitions.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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.

Copies of the prospectus relating to the common stock offering may be obtained from Merrill Lynch & Co.

About IDEX

IDEX Corporation is a manufacturer of proprietary pumps and metering products, dispensing equipment, and other engineered products. Its products are sold to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX." For further information on IDEX Corporation and its business units, visit the company's Web site at http://www.idexcorp.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding IDEX's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

Contacts:

Wayne P. Sayatovic,
Senior Vice President-Finance
IDEX Corporation
+1-847-498-7070

or

Lynne Franklin - General inquiries
+1-847-729-5716
Bill Schmidle - Analysts
+1-312-640-6753
Al Orendorff - Media
+1-312-640-6775
all of FRB Weber Shandwick Worldwide

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