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/C O R R E C T I O N -- PITTWAY CORPORATION/

 In NY067, Pittway Sets Date For Spinoff of Seaquist Group, which moved yesterday, we are advised by a representative of the company that the first paragraph, fourth line should read "1993, to Pittway stockholders of record on April 6, 1993..." rather than "April 16, 1993" as originally issued. The corrected release follows:
 PITTWAY SETS DATE FOR SPINOFF OF SEAQUIST GROUP
 CHICAGO, March 23 /PRNewswire/ -- Pittway Corp. (AMEX: ATR) announced today that it expects to complete the previously announced tax-free spinoff of its Seaquist packaging group on or about April 22, 1993, to Pittway stockholders of record on April 6, 1993. The exact distribution date will coincide with the date Seaquist completes the acquisition, in an exchange of stock, of the 65 percent of German-based Pfeiffer Group that it does not already own. The new combined entity, named AptarGroup, Inc., is expected to be traded on the New York Stock Exchange (symbol: ATR). The spinoff distribution will consist of one share of AptarGroup common stock for each share of Pittway stock outstanding, without distinction between Pittway's Common and Class A shares. Trading of Pittway stock on the AMEX will include the related AptarGroup shares until the distribution date.
 Pittway is a manufacturer and distributor of professional burglar and fire alarm equipment; a publisher of trade magazines and directories; a producer of dispensing closures, pumps and aerosol valves; and a participant in joint venture real estate developments.
 -0- 3/24/93
 /CONTACT: Edward J. Schwartz of Pittway, 312-831-1070, or Joe Kopec of Edelman Corp. Financial Relations for Pittway, 312-649-6915/
 (PRY)


CO: Pittway Corp. ST: Illinois IN: PAP SU:

WB -- NY045 -- 9125 03/24/93 13:01 EST
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Date:Mar 24, 1993
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