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MKS to Announce Third Quarter Fiscal 2004 Results February 24, 2004

Waterloo, ON - February 17, 2004: MKS Inc. (MKS) (TSX:MKX), a leading provider of tools to automate, secure, manage and control the software development process, today announced that it will report final earnings for the third quarter fiscal 2004 after close of market on February 24, 2004. The Company will hold a conference call at 5:00 p.m. EST on February 24, 2004 to discuss its third quarter performance for fiscal 2004.

Waterloo, ON - February 17, 2004: MKS Inc. (MKS) (TSX:MKX), a leading provider of tools to automate, secure, manage and control the software development process, today announced that it will report final earnings for the third quarter fiscal 2004 after close of market on February 24, 2004. The Company will hold a conference call at 5:00 p.m. EST on February 24, 2004 to discuss its third quarter performance for fiscal 2004.

Conference Call Details
Interested parties may access the call by dialing 416-695-6140 or Toll Free 1-800-446-4472. An operator-assisted playback of the call will be available for one (1) week from February 24, 2004 to March 2, 2004 and may be accessed by dialing 416-695-5275 or Toll Free 1-866-518-1010.

About MKS
MKS Inc. (MKS) (TSX:MKX) provides award-winning enterprise software configuration management (SCM) and interoperability software solutions enabling Global 1000 companies to better manage and control the complete process of software development. The Company's family of SCM products offers advanced technology with robust workflow, version control, and impact analysis capabilities. Under its widely known MKS Toolkit brand, MKS provides UNIX-Windows co-existence, and system administration that significantly cut development and administrative costs and reduce time to market while enabling enhanced performance. Founded in 1984 with over 10,000 customers worldwide, MKS has built its brand on the foundation of advanced technology, superior quality and extraordinary customer service. More information about MKS can be found at http://www.mks.com, or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), and +44-1483-733900 (United Kingdom).

MKS and MKS Toolkit are registered trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

For further information about this press release, please contact:

Investor Contact:
Douglas Sawatzky, CFO
Phone: 519-883-3252
Email: dsawatzky@mks.com

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