CALGARY, ALBERTA--(Marketwire - Sept. 17, 2012) - Dynetek Industries Ltd. ("Dynetek") (TSX:DNK) is pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"), pursuant to which Luxfer Holdings PLC ("Luxfer") has acquired, through its wholly-owned subsidiary Luxfer Canada Limited, all of the issued and outstanding common shares ("Dynetek Shares") of Dynetek.

The Arrangement was approved by: (i) holders ("Dynetek Shareholders") of Dynetek Shares by a 90.7% majority and by Dynetek Shareholders; and (ii) Dynetek Shareholders and holders ("Dynetek Warrantholders") of Dynetek Share purchase warrants, voting together as a single class, by a 90.7% majority on September 14, 2012 and received approval from the Alberta Court of Queen's Bench on September 14, 2012.

Pursuant to the Arrangement, Dynetek Shareholders and Dynetek Warrantholders received $0.24 cash for each Dynetek Share and Dynetek Warrant resulting in total cash consideration of $5,033,032.

It is anticipated that the Dynetek Shares will be delisted from trading on the Toronto Stock Exchange ("TSX") within two to three business days.

About Luxfer

Luxfer is a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders to customers in a broad range of growing end-markets, including environmental, healthcare and protection technologies. The company is one of the world's leading manufacturers of high-pressure gas cylinders. Six manufacturing plants in the US, UK, France, China and a joint venture in India produce cylinders for a diverse range of applications, including containment of compressed natural gas.

Forward-Looking Information

This news release contains forward-looking statements and information (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation regarding expected future events of Dynetek. By its nature, forward-looking information requires Dynetek to make assumptions and is subject to numerous inherent risks and uncertainties. There is significant risk that assumptions, predictions and other forward-looking information will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information as a number of factors could cause actual future results, conditions, actions or events to differ materially from expectations, estimations or intentions expressed in the forward-looking information. Forward-looking information in this news release includes, but is not limited to, the proposed timing of delisting of the Dynetek Shares from the TSX. The forward-looking information is based on certain assumptions made by Dynetek in light of its experience and its perception of historical trends, business prospect and opportunities, expected future developments and business trends, future capital and other expenditures (including the amount, nature and sources of funding thereof), general economic and capital market conditions as well as other factors it believes are appropriate in the circumstances. Such forward-looking information reflects management's current beliefs and is based on information currently available to management of Dynetek. Forward-looking information involves significant known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information contained herein is based upon assumptions which management of Dynetek believes to be reasonable, Dynetek cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is made as of the date hereof and Dynetek assumes no obligation to update or revise this information to reflect new events or circumstances, except as required by law.

Contact Information:

Luxfer Canada Limited
Dan Stracner
(951) 341-2375
dan.stracner@luxfer.net