Amphenol Corporation Successfully Prices 6,000,000 Share Secondary Public Offering.

Business Editors

WALLINGFORD, Conn.--(BUSINESS WIRE)--May 17, 2000

Amphenol Corporation (NYSE-APH), headquartered in Wallingford, Connecticut, announced today that it has priced a public offering of 6,000,000 shares of its common stock by some of its stockholders, including partnerships affiliated with Kohlberg Kravis Roberts & Co., L.P., certain members of management and certain other employees, at $49.125 per share before underwriting discounts. In addition, the selling stockholders have granted the underwriters an option to purchase within 30 days on the same terms up to an additional 900,000 shares of common stock in order to cover over-allotments, if any. The Company will not receive any proceeds from the Offering. Upon completion of the Offering, assuming the over-allotment option is not exercised, partnerships affiliated with Kohlberg Kravis Roberts & Co., L.P. will own approximately 20.8 million shares of Amphenol, which represents approximately 50.2% of the Company's common stock and approximately 79.3% of KKR's pre-offering shareholdings.

Donaldson, Lufkin & Jenrette, Lehman Brothers, Merrill Lynch & Co. and Salomom Smith Barney are acting as managing underwriters for the offering.

Amphenol Corporation manufactures connectors, cable and interconnect systems for electronics, cable television, telecommunications, aerospace, transportation and industrial applications. The Company's products are engineered and produced in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization.

Copies of the prospectus related to the offering may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Avenue, New York, NY 10172, telephone: [phone], (Attention: Greg Belsher).

This release 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 the registration or qualification under the securities laws of any such state.