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This announcement appears as a matter of record only.
_____________

The
POWELL INDUSTRIES, INC.
 

Employee Stock Ownership Plan

("ESOP")

has acquired

793,525 Shares

of Powell Industries, Inc. common stock.

The undersigned acted as financial advisor
to the ESOP and assisted in the negotiations.

Benefit Capital
SouthWest, Inc.

14951 Dallas Parkway
Dallas, Texas
(972) 991-ESOP

A member of the Benefit Capital family of companies