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Finjitsu Research - Associated Analysts

CHICAGO, IL - Jan. 11, 2013

Current Perspective Ecolab Inc. NYSE:ECL

Potential acquisition of Champion Technologies delayed. 2012 EPS Range Narrowed to $2.96-3.00 per share (from $2.95-3.02) -2013 EPS Guidance at $3.38-3.48 per share. ECL adjusted its 2013 EPS forecast in order to reflect the delay in closing its proposed acquisition of Champion Technologies and the $0.03 dilution from the sale of Vehicle Care to Zep, which closed on December 3, 2012.

Previous Perspective Ecolab Inc. NYSE:ECL

Accretive acquisition of Champion Technologies, complementary to Nalco's product lines in energy sector - separately, raised expectations for Q3 '12. ECL adjusted Q3 EPS expectations to $0.87 (only slightly above our estimates) in order to reflect strong results for Energy Services, Kay and Latin America, combined with moderating raw material costs, new products, synergies from Nalco ahead of schedule, and cost efficiencies. Champion will be acquired for a total of $2.2B (75% cash + 25% stock).

For more information on this brief please visit: Ecolab Inc. 'ECL' | Acquisition Delayed-Adjusting Estimates.

For more general financial information about Ecolab Inc. 'ECL', and other companies, please visit the Finjitsu Research Portal.

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