November 29, 2006

Safe HarborSafe HarborExcept for historical information, the material and comments included with this presentation may be forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, including without limitation all projections and anticipated levels of future performance, involve risks, uncertainties and other factors that may cause our actual results to differ materially from those discussed herein. These risks, uncertainties and other factors are detailed from time to time in MSA filings with the United States Securities and Exchange Commission ("SEC"), including without limitation our most recent Form 10-Q, filed on May 10, 2006. You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. Our SEC filings are readily obtainable at no charge at www.sec.gov, as well as on a number of other commercial web sites.

Except for historical information, the material and comments included with this presentation may be forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, including without limitation all projections and anticipated levels of future performance, involve risks, uncertainties and other factors that may cause our actual results to differ materially from those discussed herein. These risks, uncertainties and other factors are detailed from time to time in MSA filings with the United States Securities and Exchange Commission ("SEC"), including without limitation our most recent Form 10-Q, filed on May 10, 2006. You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. Our SEC filings are readily obtainable at no charge at www.sec.gov, as well as on a number of other commercial web sites.

Senior ManagementSenior Management

Chairman and CEOChairman and CEO

PositionPosition

President – MSA North AmericaPresident – MSA North America 2525William M. LambertWilliam M. Lambert

3636John T. Ryan IIIJohn T. Ryan III

Yearswith MSA

Yearswith MSANameName

Chief Financial OfficerChief Financial Officer 2929Dennis L. ZeitlerDennis L. Zeitler

President – MSA InternationalPresident – MSA International 4 4Roberto CañizaresRoberto Cañizares

President – MSA EuropePresident – MSA Europe 7 7James H. BaillieJames H. Baillie

Overview Overview “That men and women may work in safety and that they, their families and their communities may live in health throughout the world.”

Founded ninety-two years ago as a supplier of safety equipment for miners

Expanded early into industrial, fire service and other markets

Early global presence established in the 1940s/1950s

“That men and women may work in safety and that they, their families and their communities may live in health throughout the world.”

Founded ninety-two years ago as a supplier of safety equipment for miners

Expanded early into industrial, fire service and other markets

Early global presence established in the 1940s/1950s

Edison Electric Cap LampEdison Electric Cap Lamp

Eye Protection6%

Hearing Protection4%

Industry Overview Industry Overview

Total Market: $13 billionCompany estimates

$13 billion market expected to grow at 4–6% per year

Largest markets include military, first responders, general industry, and “Do-It-Yourself” retail

Higher growth products include gas detection, respiratory protection, head protection and fall protection

$13 billion market expected to grow at 4–6% per year

Largest markets include military, first responders, general industry, and “Do-It-Yourself” retail

Higher growth products include gas detection, respiratory protection, head protection and fall protection

FootwearFootwear

14%14%

ClothingClothing

17%17%

GlovesGloves

15%15%

Ballistics ProtectionBallistics Protection

8%8%

Fall ProtectionFall Protection5.5%5.5%

Head ProtectionHead Protection5.5%5.5%

Gas DetectionGas Detection

10%10%

Respiratory Respiratory

ProtectionProtection

14%14%

Our Position TodayOur Position Today

Global Leader Focused on SSE:

The only broad-line, pure-play safety & personal protection company traded on U.S. markets

Known for durable/reliable products, easy to use, readily available at a fair price

Global coverage and market diversity

#1 or #2 in core product/market segments and continue in other product/market lines to the extent they are profitable and enable us to meet our channel coverage needs

Global Leader Focused on SSE:

The only broad-line, pure-play safety & personal protection company traded on U.S. markets

Known for durable/reliable products, easy to use, readily available at a fair price

Global coverage and market diversity

#1 or #2 in core product/market segments and continue in other product/market lines to the extent they are profitable and enable us to meet our channel coverage needs

Leader in Key Product Categories

Leader in Key Product Categories

Leading Market PositionsLeading Market PositionsEstimated Safety SalesEstimated Safety Sales

Source: Company estimates

Note: Green color indicates Sophisticated Safety sales

SCBAs

Fire Helmets

Hard Hats

Gas Detection

Ballistic Helmets

TICs

SCBAs

Fire Helmets

Hard Hats

Gas Detection

Ballistic Helmets

TICs

Sales $MM

0

100

200

300

400

500

600

700

800

900

1,000

MSA

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100

200

300

400

500

600

700

800

900

1,000

MSA

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Long-Term Global Presence Long-Term Global Presence

MSA North America

MSA Europe

MSA International

MSA Factories

Additional Sales Offices

•

•

•

Reasons MSA Can Grow Faster Than the Safety Market

Reasons MSA Can Grow Faster Than the Safety Market

Our product mix is more favorable Our market mix is more favorable

International Eastern Europe Retail

Global Capabilities Accounts, Manufacturing, R&D, Others

MSA Focus and Strong Reinvestment in our Business Deep interest in Key Technologies and Standards Strong relationships with Major Growing Distributors Selective Acquisitions

Our product mix is more favorable Our market mix is more favorable

International Eastern Europe Retail

Global Capabilities Accounts, Manufacturing, R&D, Others

MSA Focus and Strong Reinvestment in our Business Deep interest in Key Technologies and Standards Strong relationships with Major Growing Distributors Selective Acquisitions

Our Global GoalsOur Global GoalsSeek 10% growth from

commercial safety markets

Position MSA to win meaningful share in the volatile military market

Grow non-military revenue to beapproximately 85% of total sales

Seek 10% growth from commercial safety markets

Position MSA to win meaningful share in the volatile military market

Grow non-military revenue to beapproximately 85% of total sales

Our Global StrategyOur Global Strategy

Gain Sustainable Competitive Advantage by:Being a leading global supplier in all

products/markets in which we compete

Being a technological leader

Having the best market coverage

Being cost competitive

Gain Sustainable Competitive Advantage by:Being a leading global supplier in all

products/markets in which we compete

Being a technological leader

Having the best market coverage

Being cost competitive

Our Global StrategyOur Global Strategy

Engage global best practices

Expand our product and market coverage

Have a meaningful presence in every significant economy of the world

Prudently manage risks

Adhere to the highest ethical standards and treat employees fairly

Engage global best practices

Expand our product and market coverage

Have a meaningful presence in every significant economy of the world

Prudently manage risks

Adhere to the highest ethical standards and treat employees fairly

A Snapshot of ‘06A Snapshot of ‘062006 Has Been a Year of “Transition” Adjust for completion of special Military and

Homeland Security spending Manage through delays in Federal Funding to

U.S. Fire Departments 70% of MSA’s Business – sans U.S. Military &

U.S Fire Service – is Doing Well Our Focus:

Manage transition and re-establish consistent growth path in total sales

Play to MSA’s Strength: Product Leadership

2006 Has Been a Year of “Transition” Adjust for completion of special Military and

Homeland Security spending Manage through delays in Federal Funding to

U.S. Fire Departments 70% of MSA’s Business – sans U.S. Military &

U.S Fire Service – is Doing Well Our Focus:

Manage transition and re-establish consistent growth path in total sales

Play to MSA’s Strength: Product Leadership

Balance and DiversificationBalance and Diversification

25%

25%25%

15%

10%

Head Protection Air-Supplied Respirators

Instruments Air-Purifying Respirators

Other

25%

25%25%

15%

10%

Head Protection Air-Supplied Respirators

Instruments Air-Purifying Respirators

Other

Source: Company estimates

2006 Projected Sales by Product Group

2006 Projected Sales by Product Group

2006 Projected Sales by End-Markets

2006 Projected Sales by End-Markets

Corporate Sales, by Product and MarketCorporate Sales, by Product and Market

3%3%9%9%

54%54%34%34%

Core IndustrialCore Industrial

First ResponderFirst Responder

MilitaryMilitary

Consumer Home SafetyConsumer Home Safety

Core Industrial MarketCore Industrial MarketMarket Segments• Oil, Gas, Petrochemical

• Construction

• Utilities

• Automobile

• HVAC

• Mining

• Iron & Steel

Market Segments• Oil, Gas, Petrochemical

• Construction

• Utilities

• Automobile

• HVAC

• Mining

• Iron & Steel

Market Drivers• Safety regulations

(OSHA-Occupational Safety & Health Administration, EN-European Norms, NIOSH-National Institute for Occupational Safety & Health)

• Employment levels

• Economic development

Market Drivers• Safety regulations

(OSHA-Occupational Safety & Health Administration, EN-European Norms, NIOSH-National Institute for Occupational Safety & Health)

• Employment levels

• Economic development

© Time, 2001

First Responders MarketFirst Responders MarketFire Service Products

• SCBA• Fire Helmets• Portable Instruments• Thermal Imaging Cameras

Fire Service Products

• SCBA• Fire Helmets• Portable Instruments• Thermal Imaging Cameras

Law Enforcement Products

• Chem-Bio Gas Masks• CBRN Escape Hoods• Ballistic Helmets• Response PAPRs• Body Armor

Law Enforcement Products

• Chem-Bio Gas Masks• CBRN Escape Hoods• Ballistic Helmets• Response PAPRs• Body Armor

Market Drivers• Threat Levels

• Federal Funding

Market Drivers• Threat Levels

• Federal Funding

Military MarketMilitary MarketU.S. Military• Army (Ballistic Helmets & COMMs)

• Air Force (Gas Masks, SCBA)

• Navy (Breathing Apparatus)

• Marines (Gas Masks)

• Coast Guard

U.S. Military• Army (Ballistic Helmets & COMMs)

• Air Force (Gas Masks, SCBA)

• Navy (Breathing Apparatus)

• Marines (Gas Masks)

• Coast Guard

Growth Drivers• War on Terror• Operation Enduring Freedom• Operation Iraqi Freedom• “Future Force Warrior” Program

Growth Drivers• War on Terror• Operation Enduring Freedom• Operation Iraqi Freedom• “Future Force Warrior” Program

Global Military Presence• Germany• Canada• France• Australia• Japan

Global Military Presence• Germany• Canada• France• Australia• Japan

Positioned to Leverage Industry Growth Trends

Positioned to Leverage Industry Growth Trends

We are a proven product innovatorWe are a proven product innovator

Millennium® Gas MaskFirst NIOSH-Certified CBRN gas mask

for law enforcement

Millennium® Gas MaskFirst NIOSH-Certified CBRN gas mask

for law enforcement

Advance® Hard HatFirst ANSI-Certified vented

hard hat with cooling

Advance® Hard HatFirst ANSI-Certified vented

hard hat with cooling

Quick-Fill® SystemFirst NIOSH-Certified

emergency escape breathing system for fire fighters

Quick-Fill® SystemFirst NIOSH-Certified

emergency escape breathing system for fire fighters

FireHawk® CBRN SCBAFirst NIOSH-Certified CBRN breathing

apparatus to latest NFPA product standards

FireHawk® CBRN SCBAFirst NIOSH-Certified CBRN breathing

apparatus to latest NFPA product standards

SOLARIS® Multigas Detector

Concept-to-Customer in 10 months

SOLARIS® Multigas Detector

Concept-to-Customer in 10 months

AirElite 4h Closed-Circuit SCBAProvides oxygen for up to 4 hours

AirElite 4h Closed-Circuit SCBAProvides oxygen for up to 4 hours

Safe Escape® CBRN RespiratorFirst NIOSH-Certified CBRN escape hood

Safe Escape® CBRN RespiratorFirst NIOSH-Certified CBRN escape hood

We are an integrator of electronics with safety equipmentWe are an integrator of electronics with safety equipment

Integrated Computer Module

Detects motion, heat, remaining air timeand acts as a “black box” for maintenance

Integrated Computer Module

Detects motion, heat, remaining air timeand acts as a “black box” for maintenance

Evolution® 5200HD TIC

Thermal imaging camera detects heat and helps find downed victims or lost firefighters

Evolution® 5200HD TIC

Thermal imaging camera detects heat and helps find downed victims or lost firefighters

• Increased Safety & Effectiveness• Increased Reliability• Simplicity & Ease of Use

• Increased Safety & Effectiveness• Increased Reliability• Simplicity & Ease of Use

MICH Communication

Integrates with Advanced Combat Helmet

MICH Communication

Integrates with Advanced Combat Helmet

Positioned to Leverage Industry Growth Trends

Positioned to Leverage Industry Growth Trends

Sound Control™ Ear Muffs

Electronic hearing protection with radio interface

Sound Control™ Ear Muffs

Electronic hearing protection with radio interface

Clear Command® HCS Helmet Communication System

Clear Command® HCS Helmet Communication System

Positioned to Leverage Industry Growth Trends

Positioned to Leverage Industry Growth Trends

Critical Infrastructure ProtectionCritical Infrastructure Protection

Well-positioned for growing needs of Homeland SecurityWell-positioned for growing needs of Homeland Security

Industry Leading R&DIndustry Leading R&DPrimary Design Centers Cranberry, PA, USA Berlin, Germany France Sweden China (developing)

Satellite Engineering Africa Argentina Australia Brazil Italy Japan

Primary Design Centers Cranberry, PA, USA Berlin, Germany France Sweden China (developing)

Satellite Engineering Africa Argentina Australia Brazil Italy Japan

MSA’s Global R&D ResourcesMSA’s Global R&D Resources 130 engineers and scientists world-wide

- Expertise to the PhD levelMechanical SoftwareElectrical ManufacturingChemical Other Specialties

56 technicians, drafters, support specialists Comprehensive Facilities

130 engineers and scientists world-wide - Expertise to the PhD levelMechanical SoftwareElectrical ManufacturingChemical Other Specialties

56 technicians, drafters, support specialists Comprehensive Facilities

New Product Sales as Percentage of Total SalesNew Product Sales as Percentage of Total Sales

Note: New products defined as those introduced within past 3 years,

Source: Company estimates, data represents North American segment only

17.3%19.9%

25.5%

30.0%

39.0%40.7%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

2000 2001 2002 2003 2004 2005

Continue to Invest in New Product Development

Continue to Invest in New Product Development

Largest sales force in the industry

Well positioned multi-national industrial & retail distributors

*Hagemeyer *Airgas

*Grainger *Home Depot

*Fisher Safety

Largest sales force in the industry

Well positioned multi-national industrial & retail distributors

*Hagemeyer *Airgas

*Grainger *Home Depot

*Fisher Safety

Anvil Award

“Best Marketing Communication”

Anvil Award

“Best Marketing Communication”

“Outstanding Supplier Award”“Outstanding Supplier Award”

“Vendor of the Year”“Vendor of the Year”

“Customer Service Center of the Year” 2002

“Customer Service Center of the Year” 2002

2005 Top Growth Award2005 Top Growth Award

Recent Awards:

2005: Fisher “Award of Excellence”

2006: Airgas “Best Field Sales Support”

Recent Awards:

2005: Fisher “Award of Excellence”

2006: Airgas “Best Field Sales Support”

“NA Customer Service Mgt”“NA Customer Service Mgt”

Leverage Customer & Distributor Relationships

Leverage Customer & Distributor Relationships

ACCE Awards “Best Customer Call Center”

ACCE Awards “Best Customer Call Center”

Lean Mfg.Lean Mfg.

Six SigmaSix Sigma

SCMSCM

Global Sourcing

Global Sourcing

Industry Week Magazine, Oct-2000“Best Plants in America” Award

Industry Week Magazine, Oct-2000“Best Plants in America” Award

DRIVE for Operational ExcellenceDRIVE for Operational Excellence

OSHAOSHA

Well Positioned for Growth in International Markets

Well Positioned for Growth in International Markets

Growth Markets China Southeast Asia/India Eastern Europe Africa Middle East Latin America

International Growth Drivers Long-term MSA investment Heightened awareness of

worker safety needs Increased manufacturing in

low-cost regions Increased enforcement of

safety regulations

Growth Markets China Southeast Asia/India Eastern Europe Africa Middle East Latin America

International Growth Drivers Long-term MSA investment Heightened awareness of

worker safety needs Increased manufacturing in

low-cost regions Increased enforcement of

safety regulations

2005 Sales by Region

63%

21%

8%4% 4%

North America Europe

Asia & Pacific Rim Africa

South America

2005 Sales by Region

63%

21%

8%4% 4%

North America Europe

Asia & Pacific Rim Africa

South America

Selective AcquisitionsSelective Acquisitions Core Products

#1 or #2 in our core products

New Channels of DistributionExpand our market coverage

Geographic ExpansionHave a meaningful presence in significant economies

Advanced TechnologiesBe the technology leader

Core Products#1 or #2 in our core products

New Channels of DistributionExpand our market coverage

Geographic ExpansionHave a meaningful presence in significant economies

Advanced TechnologiesBe the technology leader

Acquisitions Since 2000Acquisitions Since 2000 Cairns - Firefighter Helmets - 2000

Gallet - Firefighter & Military Helmets – 2002

Sordin - Hearing Protection - 2004

Microsensor Systems - CWA Detection - 2005

Select PPE - South Africa - 2006

Paraclete - Body Armor - 2006

Cairns - Firefighter Helmets - 2000

Gallet - Firefighter & Military Helmets – 2002

Sordin - Hearing Protection - 2004

Microsensor Systems - CWA Detection - 2005

Select PPE - South Africa - 2006

Paraclete - Body Armor - 2006

Financial OverviewFinancial Overview

Financial HighlightsFinancial Highlights

FINANCIAL HIGHLIGHTS 2003 2004 2005 SALES (in millions) NET INCOME (in millions) (Continuing operations) For The Year (thousands, except per share) Net sales $696,473 $852,509 $907,912 Net income from continuing operations 48,924 71,047 81,783 Discontinued operations – after tax 16,343 –– –– Net income 65,267 71,047 81,783 Basic earnings per common share: Continuing operations 1.33 1.91 2.24 Discontinued operations .45 –– –– Net income 1.78 1.91 2.24 At Year End (thousands) Total assets $643,885 $734,110 $725,357 Working capital 207,216 270,593 246,347 Common shareholders' equity 306,867 376,679 381,470 Common Stock (thousands) Shares outstanding 36,928 37,341 36,546 Market capitalization $978,715 $1,893,208 $1,323,330

FINANCIAL HIGHLIGHTS 2003 2004 2005 SALES (in millions) NET INCOME (in millions) (Continuing operations) For The Year (thousands, except per share) Net sales $696,473 $852,509 $907,912 Net income from continuing operations 48,924 71,047 81,783 Discontinued operations – after tax 16,343 –– –– Net income 65,267 71,047 81,783 Basic earnings per common share: Continuing operations 1.33 1.91 2.24 Discontinued operations .45 –– –– Net income 1.78 1.91 2.24 At Year End (thousands) Total assets $643,885 $734,110 $725,357 Working capital 207,216 270,593 246,347 Common shareholders' equity 306,867 376,679 381,470 Common Stock (thousands) Shares outstanding 36,928 37,341 36,546 Market capitalization $978,715 $1,893,208 $1,323,330

0303 0404 0505 0303 0404 0505

$696.5$696.5

$907.9$907.9$852.5$852.5

$48.9$48.9

$71.0$71.0

$81.8$81.8

Summary Income StatementSummary Income StatementContinuing OperationsContinuing Operations

696,473696,473

96,45196,451

13.813.8

73,24373,243

10.510.5

48,92448,924

1.311.31

55.155.1

852,509852,509

138,469138,469

16.216.2

112,973112,973

13.313.3

71,04771,047

1.861.86

42.042.0

907,912907,912

150,041150,041

16.516.5

125,696125,696

13.813.8

81,78381,783

2.192.19

17.717.7

($000s)($000s)

SalesSales

EBITDA*EBITDA*

Margin (%)Margin (%)

EBIT*EBIT*

Margin (%)Margin (%)

Net Income*Net Income*

EPS – Diluted*EPS – Diluted*

Growth (%)Growth (%)

20032003 20042004 20052005 3Q 20063Q 2006

656,775656,775

96,47296,472

14.714.7

80,66480,664

12.312.3

49,66749,667

1.341.34

YTDYTD

* Excludes option costs and restructuring charges * Excludes option costs and restructuring charges

Strong Balance SheetStrong Balance Sheet

($000s) 9/30/2006

Cash and Equivalents 39,672

Other Current Assets 383,587

Total Current Assets 423,259

PP&E, net 119,109

Prepaid Pension Cost 143,246

Goodwill 86,794

Other Noncurrent Assets 44,678

TOTAL ASSETS 817,086

Assets

($000s) 9/30/2006

Cash and Equivalents 39,672

Other Current Assets 383,587

Total Current Assets 423,259

PP&E, net 119,109

Prepaid Pension Cost 143,246

Goodwill 86,794

Other Noncurrent Assets 44,678

TOTAL ASSETS 817,086

Assets

($000s) 9/30/2006

Notes Payable/Current Portion 63,455

Other Current Liabilities 128,029

Total Current Liabilities 191,484

Long-term Debt 53,839

Pensions and Other Benefits 87,754

Other Noncurrent Liabilities 85,672

Total Noncurrent Liabilities 227,265

Total Shareholders' Equity 398,337

TOTAL LIABILITIES AND EQUITY 817,086

Liabilities and Equity

($000s) 9/30/2006

Notes Payable/Current Portion 63,455

Other Current Liabilities 128,029

Total Current Liabilities 191,484

Long-term Debt 53,839

Pensions and Other Benefits 87,754

Other Noncurrent Liabilities 85,672

Total Noncurrent Liabilities 227,265

Total Shareholders' Equity 398,337

TOTAL LIABILITIES AND EQUITY 817,086

Liabilities and Equity

Solid Cash FlowSolid Cash Flow

3Q 20063Q 2006

49,66749,667

(2,391)(2,391)

15,80815,808

(35,937)(35,937)

27,14727,147

(15,092)(15,092)

12,05512,055

YTDYTD

Priorities for Free Cash FlowPriorities for Free Cash FlowFund the development of new products/geographies

Make acquisitions to expand markets, products and technologies

Pay a dividend consistent with MSA’s business profile

Repurchase MSA common shares

Fund the development of new products/geographies

Make acquisitions to expand markets, products and technologies

Pay a dividend consistent with MSA’s business profile

Repurchase MSA common shares

ConclusionConclusion Market leader with trusted brand in sophisticated safety products

Long-term global presence

Excellent balance and diversification—products/markets/customers/geographies

Strong relationships with distributors and customers

Positioned to leverage industry growth trends We’re a proven product innovator

We’re an integrator of electronics with safety equipment

We’re on the leading edge of advancing safety standards

Homeland security products (from military + first responder + gas detection)

We’re established in international growth markets

We’re a successful acquirer/integrator

Market leader with trusted brand in sophisticated safety products

Long-term global presence

Excellent balance and diversification—products/markets/customers/geographies

Strong relationships with distributors and customers

Positioned to leverage industry growth trends We’re a proven product innovator

We’re an integrator of electronics with safety equipment

We’re on the leading edge of advancing safety standards

Homeland security products (from military + first responder + gas detection)

We’re established in international growth markets

We’re a successful acquirer/integrator

Unique Pure-Play Safety and Personal Protection CompanyUnique Pure-Play Safety and Personal Protection Company