Elsag Bailey Process Automation N.V. announces changes to supervisory board.

AMSTERDAM, The Netherlands--(BUSINESS WIRE)--May 13, 1996-- Elsag Bailey Process Automation N.V. (NYSE:EBY) announced today the election of two new directors for its Supervisory Board, following the Company's Annual General Meeting of Shareholders, held in Amsterdam on May 6, 1996.

Elected to the Board as an independent director was Mr. Josef I. Felder, 61, who has served on the Management Board of the Hartmann & Braun group since 1978. Prior to Elsag Bailey's acquisition of Hartmann & Braun in January 1996, Mr. Felder served as Chief Executive Officer and President of the Managing Board for Hartmann & Braun. Prior to joining Hartmann & Braun, he served as Vice President and General Manager for the European Material Handling Group of Clark Equipment.

Also elected was Mr. Giuseppe Bono, 52, who currently serves as Senior Vice President, Planning and Control, for Elsag Bailey's majority shareholder, Finmeccanica S.p.A. He also serves as a director for several Finmeccanica subsidiaries including Agusta, a producer of helicopters; Alenia Spazio, a satellite manufacturer: Ansaldo Trasporti, which operates in the rail and transportation fields; and Elettronica, a producer of defense electronics. Prior to joining Finmeccanica, Mr. Bono held senior management positions for several Italian companies, including EFIM, Aviofer Breda, Sopal, and Omeca. Mr. Bono's election fills a board vacancy created through the resignation of Mr. Bruno Steve, Chief Executive Officer of Finmeccanica.

Elsag Bailey also announced the untimely passing of Mr. Gerrit Jeelof, a member of the Elsag Bailey Supervisory Board since 1995, who passed away on May 1 at the age of 69. Mr. Jeelof retired in 1990 as Vice Chairman of the Board of Management of Philips Electronics N.V.

Elsag Bailey Board Chairman, Mr. Enrico Albareto, commented on the changes: "We are very pleased to welcome Messrs. Bono and Felder to the Supervisory Board. These individuals bring a combination of solid management skills and expertise in our core businesses which should be invaluable to Elsag Bailey. At the same time, we are deeply saddened by the loss of Mr. Jeelof. We will miss his contributions, and extend our most sincere sympathies to his family and friends."

Elsag Bailey Process Automation N.V., incorporated in the Netherlands, is a global supplier of process automation systems, instrumentation products, analytical measurement devices, and professional services, with operating units in more than 25 countries. The company's technologies are installed throughout a wide range of process industries including electric utilities, chemicals and petrochemicals, metals and minerals, oil and gas, pulp and paper, water and wastewater, and food and beverage.

CONTACT: Elsag Bailey

William P. Donnelly, 216/585-8355