JANUARY 25TH, 2016

Berkshire Hathaway Acquisition of Precision Castparts to Close on Friday, January 29, 2016

OMAHA, Neb. and PORTLAND, Ore., Jan. 25, 2016 (GLOBE NEWSWIRE) — Berkshire Hathaway Inc. (“Berkshire”) (NYSE:BRK.A) (NYSE:BRK.B) and Precision Castparts Corp. (“PCC”) (NYSE:PCP) expect Berkshire’s acquisition of PCC to close on Friday, January 29, 2016. The appropriate waiting periods (including extensions thereof) have expired or been terminated and the appropriate clearances or approvals have been granted (or deemed granted in accordance with relevant law) in the necessary jurisdictions.