Regal Beloit Corporation (NYSE: RBC) today announced that the Company has
acquired CMG Engineering Group Pty. Ltd. (CMG) headquartered in Melbourne,
Australia.

    CMG manufactures and distributes fractional horse power industrial
motors, blower systems, and industrial metal products with operations in
Australia, New Zealand, South Africa, Malaysia, Singapore, the United
Kingdom, and the Middle East. Also included is CMG's Technology center and
certified motor and drive testing facilities located in Australia. The
business also distributes integral horsepower industrial motors, mechanical
power transmission products, material handling equipment, electrical
insulating materials, magnet wire, and specialty conductors in Australia and
New Zealand.

    The purchase price was approximately $75.0 million in cash, the
assumption of approximately $5.5 million in net liabilities and one hundred
thousand shares of Regal Beloit Common Stock.

    The business is expected to add approximately $92.0 million to sales and
add $.04 to diluted earnings per share in 2010. The Company's guidance
includes the estimated impact of transaction costs, purchase accounting and
intangible amortization based on the preliminary purchase price allocation.
Sales for CMG in 2011 are expected to be approximately $128.0 to $135.5
million and the addition to diluted earnings per share are expected to be
$.12 to $.15 for the business, including the dilutive impact of additional
shares issued.

    According to Henry W. Knueppel, Chairman and CEO of Regal Beloit, "We are
very excited to announce the acquisition of CMG. The CMG business is a strong
and growing business across the Asia-Pacific Region, South Africa, and the
Middle East. This acquisition further expands the infrastructure necessary to
significantly expand our commercial efforts in these critical regions. The
company has an outstanding management team that has continuously grown the
business at a multiple of market growth rates. Given this track record and
the opportunities that RBC can bring to CMG, we are very confident that we
will see accelerated growth. We have for some time searched for a commercial
infrastructure in these important geographical regions that would allow us to
leverage our global manufacturing platform. The combination of CMG and Regal
Beloit's Asia Pacific operations creates both a leading commercial and
manufacturing footprint and an opportunity to take advantage of significant
synergies between the organizations. CMG is a perfect fit to further complete
this portion of our globalization strategy."

    Jack Gringlas, Group Managing Director and Owner of CMG Engineering Group
stated, "I am confident that we have found the ideal acquirer for our
business. RBC will provide the best platform to secure the future of the CMG
business and its team of experienced and dedicated staff. I will be
continuing with CMG in the role of Group Managing Director. I am extremely
excited about the future of CMG as a result of this sale."

    About REGAL BELOIT CORPORATION:
    Regal Beloit Corporation is a leading manufacturer of mechanical and
electrical motion control and power generation products serving markets
throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and
has manufacturing, sales, and service facilities throughout the United
States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a
component of the S&P Mid Cap 400 Index and the Russell 2000 Index.

    CAUTIONARY STATEMENT
    The following is a cautionary statement made under the Private Securities
Litigation Reform Act of 1995: With the exception of historical facts, the
statements contained in this press release may be forward looking statements.
Forward-looking statements represent our management's judgment regarding
future events. We cannot guarantee the accuracy of the forward-looking
statements, and you should be aware that results and events could differ
materially and adversely from those contained in the forward-looking
statements due to a number of factors, including: unexpected issues and costs
arising from the closing of the transaction and the integration of acquired
companies and businesses and marketplace acceptance of these and other recent
acquisitions, including the loss of, or a decline in business from, any
significant customers of Regal Beloit or the acquired businesses. All
subsequent written and oral forward-looking statements attributable to us or
to persons acting on our behalf are expressly qualified in their entirety by
the applicable cautionary statements. The forward-looking statements included
in this press release are made only as of the date of this release, and we
undertake no obligation to update these statements to reflect subsequent
events or circumstances.

    SOURCE Regal Beloit Corporation

    CONTACT: John M. Perino, Vice President, Investor Relations of Regal
Beloit Corporation, +1-608-361-7501