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Waters Corporation Comments On Recent Stock Price Movement

MILFORD, Mass.--(BUSINESS WIRE)--Nov. 5, 1999--In response to a question from The New York Stock Exchange, Waters Corporation (NYSE/WAT) spokesman, Philip Taymor, said that the Company is not aware of any development in the Company's business that would explain the decline in its stock price over the past one and one-half weeks.

CAUTIONARY STATEMENT

Certain statements contained herein are forward looking. Many factors could cause actual results to differ from these statements, including loss of market share through competition, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of new products, changes in the healthcare market and the pharmaceutical industry, changes in distribution of the Company's products, and interest rate and foreign exchange fluctuations. Such factors are discussed in detail in the Company's filings with the Securities and Exchange Commission.