Delft Instruments to sell Delft Electronic Products to Holfra Finances Paris, Wednesday 9 February, 2005

Delft Instruments B.V. has completed the sale of its subsidiary Delft Electronic Products B.V. (DEP) located in Roden, The Netherlands to HolFra Finances S.A., a 73% participation of AXA Private Equity.

HolFra Finances S.A. is the parent company of Photonis, Brive (France) which is a world leader in the development and the manufacturing of optronic components for low light level detection and imaging for a variety of applications: medical and other industrial markets, defense and research. Photonis employs 700 people.

DEP is the leading European developer and supplier of high-end image intensifiers, low light level detectors and photon counters. Products are used in Night Vision, Surveillance, Medical and Scientific applications. DEP employs over 130 people.

Photonis and DEP are very complementary in terms of product lines, geographic coverage and market segments and therefore it is to be expected that significant synergies exist between the companies.

On 8 February 2005 all shares of DEP have been transferred to Holfra Finances S.A.

About  Photonis

(www.photonis.com)

Since 1937 Photonis core business is focused on vacuum devices for professional markets. Photonis is a world leader in the design, development and production of devices for detecting and amplifying very low levels of radiation. The main product lines are image intensifiers, photomultipliers, micro channel plates and nuclear gas detectors. Through a careful understanding of market needs, Photonis has reinforced its leading position in different specific applications, especially medical, defence and scientific fields. Photonis has managed to take up challenges in terms of product performance and reliability combined with constraints of very short time to market in line with the customers' needs.
Formerly part of the Philips group, Photonis is an independent company since 1998. Since 2001 Photonis is owned by AXA Private Equity Fund which has established strong links with the management team of Photonis aiming at enhancing future businesses.

About Delft Electronic Products BV

(www.dep.nl)

Delft Electronic Products BV (DEP) is the leading European developer and supplier of high-end image intensifiers, low light level detectors and photon counters. The continuous development of new applications and services by its R&D team in close co-operation with its customers in the market segments Night Vision (Defence and Civil), Surveillance & Security, Industrial and Analytical has led up to a broad product portfolio of best of breed products.
In the industrial and scientific field, DEP delivers customised high-performance imagers and detectors. By keeping in touch with its customers and their specific requirements, DEP offers total electro-optical imaging solutions, from product design and integration to timely and efficient product delivery.

About Delft Instruments

(www.delftinstruments.com)

Delft Instruments is the holding company of an international group of companies which hold a leading position in their respective markets with high-quality, high-technology products and services.
The Delft Instruments' companies develop, produce, sell and service advanced (precision) hardware and software for medical and industrial customers.
Medical applications include radiation treatment for cancer, X-ray and ultrasound diagnostics and digital archiving of X-ray images.
Industrial applications include control and management of the storage and transport of oil and gas products. Delft Instruments develops customer-specific total solutions, integrating software, hardware, maintenance and service.
Delft Instruments employs some 1,200 people and reported net profit of € 10.4 million on turnover of € 237 million in 2003.

For further information

Jean-Pierre Régner, President
Phone: +33 555 86 37 16
info@photonis.com

E.H. de Groot, Chairman
Phone: +31 152601206
ehdegroot@delftinstruments.nl