Thermadyne Holdings Corporation Announces Appointment of Myron Sheets as Director of Tax

Thermadyne Holdings Corporation has announced that Myron W. Sheets, M.B.A., C.P.A., will join Thermadyne on October 16, 2006 as Director of Tax.

“Myron is a knowledgeable and seasoned tax professional with over 30 years experience managing all aspects of the tax function of a multi-national, publicly-traded corporation. We are extremely pleased to welcome a professional and leader of Myron’s caliber to the Thermadyne financial team,” Steve Schumm, Executive Vice President, CFO and CAO, commented in making the announcement.

Prior to its acquisition, Myron was with Pet Incorporated, a $2 billion multi-national manufacturer of specialty food products, for twenty years where he held a number of positions including Director of Tax. Myron has also served as Director of Tax Compliance and Reporting for a $2 billion multi-national coal mining company and Director of Tax and Assistant Treasurer for a $1 billion multi-national manufacturer of commercial refrigeration products. Myron began his career as a tax accountant with Arthur Andersen and Company.

About Thermadyne

Thermadyne, headquartered in St. Louis, Missouri, is a leading global marketer of cutting and welding products and accessories under a variety of brand names including Victor(R), Tweco(R)/Arcair(R), Thermal Dynamics(R), Thermal Arc(R), Stoody(R), and Cigweld(R). Its common shares trade on the Pink Sheets under the symbol THMD.PK. For more information about Thermadyne, its products and services, visit the Company’s website at www.Thermadyne.com.