L.B. Foster Company Announces Extension of Tender Offer for Portec Rail Products, Inc.
PITTSBURGH, PA, — August 16, 2010 — L.B. Foster Company (“L.B. Foster”, NASDAQ: FSTR) today
announced that it is extending its previously announced cash tender offer, through its wholly-owned subsidiary
Foster Thomas Company, for all outstanding shares of common stock of Portec Rail Products, Inc., until 12:00
midnight, New York City time, on August 30, 2010. The tender offer was previously set to expire at midnight,
New York City Time on August 16, 2010.
As of August 13, 2010, 6,826,795 shares of common stock had been tendered in and not withdrawn from the
offer. These tendered shares constituted 71.09% of the outstanding shares of common stock.
About Portec Rail Products, Inc.
Established in 1906, Portec serves both domestic and international rail markets by manufacturing, supplying and
distributing a broad range of rail products, rail anchors, rail spikes, railway friction management products and
systems, rail joints, railway wayside data collection and data management systems and freight car securement
systems. Portec also manufactures material handling equipment for industries outside the rail transportation sector
through its United Kingdom operation. Portec operates through its four global business segments: Railway
Maintenance Products (Salient Systems), Shipping Systems, Portec Rail Nova Scotia Company in Canada
(Kelsan friction management, rail anchor and spike products), and Portec Rail Products, Ltd. in the UK (material
handling and Coronet Rail products). Portec Rail Products is headquartered in Pittsburgh, PA.
About L.B. Foster Company
L.B. Foster is a leading manufacturer, fabricator and distributor of products and services for the rail, construction,
energy and utility markets with approximately 30 locations throughout the United States. The Company was
founded in 1902 and is headquartered in Pittsburgh, PA. Please visit our Website: www.lbfoster.com.