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| WATERLOO, ONTARIO--( July 20, 2009) - MKS Inc. (MKS) (TSX:MKX) the global application lifecycle management (ALM) technology leader, today announced that it intends to proceed with the consolidation of its common shares as approved by the shareholders of MKS at the annual and special meeting of shareholders held on July 7, 2009. Shareholders authorized MKS to consolidate its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares at any time prior to April 30, 2010. MKS currently has 50,366,775 common shares issued and outstanding. After giving effect to the proposed consolidation MKS would have 10,073,355 common shares issued and outstanding. The consolidation will have no impact on the effective dividend yield of MKS shares, all else being equal. Should the directors of MKS approve future dividends, consistent with its current policy, the dividend paid per share would be 5 times higher than on a pre-consolidation basis, resulting in the same yield on a per share basis as before the consolidation. Management of MKS believes that the consolidation will result in a trading price that better reflects its maturity, profitability and dividend yield and that it is in the best interests of shareholders of MKS for the following reasons: - Greater investor interest: A higher post-consolidation share price and lower number of common shares outstanding may help generate interest in the Corporation among investors, as a higher anticipated share price may meet investing guidelines for certain institutional investors and investment funds that are currently prevented under their investing guidelines from investing in the common shares at current price levels. - Reduction of shareholder transaction costs: Shareholders may benefit from relatively lower trading costs associated with a higher share price. It is likely that many investors pay commissions based on the number of common shares traded when they buy or sell the common shares. If the share price trade at a higher level, all else being equal, investors would likely pay lower commissions to trade a fixed dollar amount than they would if the share price is lower. - Improved trading liquidity: The combination of potentially lower transaction costs and increased interest from institutional investors and investment funds may ultimately improve the trading liquidity of the common shares. The consolidation is subject to acceptance by the Toronto Stock Exchange of all applicable documentation. Subject to the receipt of such acceptance, MKS is targeting the common shares to begin trading on a consolidated basis by the end of July 2009. Further information relating to MKS's proposed common share consolidation may be found in the management information circular of MKS dated June 1, 2009, which is available on the SEDAR database at www.SEDAR.com. About MKS MKS Inc., the global application lifecycle management (ALM) technology leader, enables software engineering and IT organizations to seamlessly manage their worldwide software development activities. With its flagship product, MKS Integrity, MKS offers support for all software development activities through a single enterprise application, resulting in better global collaboration and higher productivity. MKS supports customers worldwide with offices across North America, Europe and Asia. For more information about MKS, visit our Web site at http://www.mks.com.
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