1.Where is the company incorporated?
 Pentair plc is incorporated in Ireland.

2.Where is Pentair headquartered?
 Pentair plc’s corporate headquarters are in London, United Kingdom, with its U.S. main office in Minneapolis, Minnesota.

3.What is Pentair’s ticker symbol and on what exchanges are the shares traded?
 Pentair plc ordinary shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol “PNR”.

4.What is the CUSIP number for Pentair?
 Pentair plc’s CUSIP number is G7S00T 104.

5.Who are Pentair’s independent auditors?
 Deloitte & Touche LLP are Pentair plc’s independent auditors.

6.Who do I contact with questions about my stock?
 
Telephone inquiries: 1-866-241-7684 (U.S.)
1-732-491-0587 (non U.S.)
E-mail inquiries: web.queries@computershare.com
Written requests:

Computershare
P.O. Box 43078
Providence, RI 02940

By overnight delivery:
Computershare
250 Royall Street
Canton, MA 02021

7.How will I determine the U.S. federal income tax basis I will have in the Pentair Ltd. shares I received as a result of the Flow Control business spin off from Tyco International?
 If you are a Pentair Shareholder as a result of your ownership of Tyco International and need to determine the U.S. federal income tax basis for your Pentair shares, please clickhere for IRS Form 8937 Report of Organizational Actions Affecting Basis of Securities.

IMPORTANT: Consult Your Tax Advisor

The information in this document represents our understanding of the U.S. federal income tax laws and regulations and does not constitute tax advice. It does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Each shareholder is urged to consult his, her, or its tax advisor as to the specific tax consequences of the distribution to such shareholder, including the effect of any state, local, or non-U.S. tax laws, and of changes in applicable tax laws.

To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Code or (ii) promoting, marketing, or recommending to another party any transaction or matter herein.

8.What are the tax consequences to Pentair shareholders as a result of the redomicile of Pentair from Switzerland to Ireland?
 

By virtue of the merger (the “Merger”) of Pentair Ltd. (“Pentair-Switzerland”) and Pentair plc (“Pentair-Ireland”), each Pentair-Switzerland shareholder received one ordinary share in Pentair-Ireland in exchange for each common share of Pentair-Switzerland and Pentair effectively moved its domicile to Ireland from Switzerland. Assuming that the Merger qualifies as a reorganization within the meaning of Section 368(a) of the U.S. tax code, the Merger will have the following U.S. federal income tax consequences to most Pentair-Switzerland shareholders:

  • the shareholder will not recognize gain or loss on the exchange of its Pentair-Switzerland common shares solely for Pentair-Ireland ordinary shares;

  • the shareholder’s tax basis in Pentair-Ireland ordinary shares received in the Merger will be the same as the shareholder’s tax basis in Pentair-Switzerland common shares exchanged therefor; and

  • the shareholder’s holding period for Pentair-Ireland ordinary shares received in the Merger will include the shareholder’s holding period for the Pentair-Switzerland common shares exchanged therefor.

Shareholders that held their Pentair-Switzerland common shares with differing bases or holding periods are encouraged to consult their tax advisors regarding the determination of the bases and holding periods of the Pentair-Ireland ordinary shares received in the Merger.

The above does not apply to “Specified Shareholders” who entered into a gain recognition agreement with the IRS relating to any transaction in which such shareholder acquired Pentair-Switzerland common shares prior to the Merger and such shareholders are encouraged to consult with their tax advisor.

IMPORTANT: Consult Your Tax Advisor

The information in this document represents our understanding of the U.S. federal income tax laws and regulations and does not constitute tax advice. It does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Each shareholder is urged to consult his, her, or its tax advisor as to the specific tax consequences of the distribution to such shareholder, including the effect of any state, local, or non-U.S. tax laws, and of changes in applicable tax laws.

To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Code or (ii) promoting, marketing, or recommending to another party any transaction or matter herein.


9.What is the U.S. federal income tax treatment of any distributions made by Pentairplc?
 

Any distributions paid on Pentair plc ordinary shares will constitute dividends for U.S. federal income tax purposes to the extent such distributions are made out of our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. If a distribution paid to a U.S. Holder on an ordinary share exceeds our current and accumulated earnings and profits attributable to that share, the excess will be treated as a tax-free return of capital, up to the U.S. Holder’s adjusted tax basis in that share. Any remaining excess will be treated as capital gain, subject to the tax treatment described below in “Gains on Disposition.”

In the case of a U.S. Holder that is an individual, trust, or estate, a dividend received by such a U.S. Holder on Pentair plc ordinary shares generally will constitute “qualified dividend income,” provided that (i) Pentair plc’s ordinary shares are listed on the NYSE or certain other exchanges, or Pentair plc qualifies for benefits under the income tax treaty between the U.S. and the U.K., and (ii) during the taxable year in which the dividend is paid and the preceding taxable year, Pentair plc is not treated as a passive foreign investment company. A dividend that constitutes “qualified dividend income” will be subject to a reduced maximum U.S. federal income tax rate of 20%. This rate reduction will not apply to dividends received to the extent that the U.S. Holder elects to treat the dividends as “investment income” for purposes of calculating the U.S. Holder’s limitation on the deduction of “investment interest” expense. Furthermore, this rate reduction will not apply unless the U.S. Holder meets certain holding period requirements with respect to its Pentair plc ordinary shares.

Dividends paid on Pentair plc ordinary shares to a U.S. Holder that is classified for U.S. federal income tax purposes as a corporation generally will not be eligible for the dividends-received deduction.

For purposes of calculating the foreign tax credit, dividends paid on Pentair plc ordinary shares generally will be treated as income from sources outside the United States.

A dividend paid on Pentair plc ordinary shares in a currency other than U.S. dollars will be includible in the income of a U.S. Holder in a U.S. dollar amount calculated by reference to the exchange rate in effect on the day the dividend is received by the U.S. Holder. Any gain or loss resulting from currency exchange fluctuations during the period from the date the dividend is includible in the income of the U.S. Holder to the date that payment is converted into U.S. dollars generally will be treated as ordinary income or loss.

Gains on Disposition. Upon a sale or other taxable disposition of Pentair plc ordinary shares, a U.S. Holder will recognize gain or loss equal to the difference, if any, between the amount received and the U.S. Holder’s adjusted tax basis in the ordinary shares, and any such gain or loss will constitute capital gain or loss. A capital gain recognized by an individual upon the sale or other disposition of a Pentair plc ordinary share is generally eligible for reduced rates of U.S. federal income taxation if the holding period for such share is greater than one year. The deductibility of a capital loss recognized upon the sale or other disposition of a Pentair plc ordinary share is subject to limitations.

To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein, unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing, or recommending to another party any transaction or matter herein.


10.Does Pentair have a dividend reinvestment program?
 Yes. Please contact Computershare for further information at 1-866-241-7684 or by visiting www.computershare.com/investor.

11.Does Pentair have an odd-lot buyback program?
 Currently, Pentair does not have an odd-lot buyback program.

12.When does Pentair pay dividends?
 

Historically, Pentair dividends have been paid quarterly to shareholders who own Pentair stock as of the declared date of record.


13.When is the Pentair annual shareholder meeting?
 The Pentair plc annual shareholder meeting is typically held in April or May of each year. Details as to date and location as well as appropriate materials will be sent to shareholders of record approximately 6-8 weeks prior to the meeting date.