|                          |
|--------------------------|
|                          |  |
| Wisconsin                | 39-0875718 |
| (State of Incorporation) | (IRS Employer Identification No.) |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |
|                                                        |   | Name of Each Exchange on |
| Title of Each Class                                         |   | Which Registered |
| Common Stock ($.01 Par Value)                               |   | New York Stock Exchange |
|                                                        |   |   |
| Securities registered pursuant to Section 12 (g) of the Act |   | None(Title of Class) |

----

----

----

|            |
|------------|
|            |  |  |
|       | Page |
| PART I     |   |
| Item 1     | Business | 4 |
| Item 1A    | Risk Factors | 10 |
| Item 1B    | Unresolved Staff Comments | 16 |
| Item 2     | Properties | 16 |
| Item 3     | Legal Proceedings | 17 |
| Item 4     | Mine Safety Disclosures | 17 |
|       |   |   |
| PART II    |   |
| Item 5     | Market for the Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities | 18 |
| Item 6     | Selected Financial Data | 19 |
| Item 7     | Management's Discussion and Analysis of Financial Condition and Results of Operation | 20 |
| Item 7A    | Quantitative and Qualitative Disclosures about Market Risk | 28 |
| Item 8     | Financial Statements and Supplementary Data | 31 |
| Item 9     | Changes In and Disagreements with Accountants on Accounting and Financial Disclosure | 59 |
| Item 9A    | Controls and Procedures | 59 |
| Item 9B    | Other Information | 59 |
|       |   |   |
| PART III   |   |
| Item 10    | Director, Executive Officers and Corporate Governance | 59 |
| Item 11    | Executive Compensation | 60 |
| Item 12    | Security Ownership of Certain Beneficial Owners and Management | 60 |
| Item 13    | Certain Relationships and Related Transactions and Director Independence | 60 |
| Item 14    | Principal Accountant Fees and Services | 60 |
|       |   |   |
| PART IV    |   |
| Item 15    | Exhibits, Financial Statement Schedule | 60 |
|       |   |   |
| SIGNATURES | 61 |

----

|         |                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | actions taken by our competitors and our ability to effectively compete in the increasingly competitive global electric motor, drives and controls, power generation and mechanical motion control industries; |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to develop new products based on technological innovation and marketplace acceptance of new and existing products; |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | fluctuations in commodity prices and raw material costs; |

|         |                                          |
|---------|------------------------------------------|
| • | our dependence on significant customers; |

|         |                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | issues and costs arising from the integration of acquired companies and businesses, including the timing and impact of purchase accounting adjustments; |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | our dependence on key suppliers and the potential effects of supply disruptions; |

|         |                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | infringement of our intellectual property by third parties, challenges to our intellectual property and claims of infringement by us of third party technologies; |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| • | product liability and other litigation, or the failure of our products to perform as anticipated, particularly in high volume applications; |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | increases in our overall debt levels as a result of acquisitions or otherwise and our ability to repay principal and interest on our outstanding debt; |

|         |                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | economic changes in global markets where we do business, such as reduced demand for the products we sell, currency exchange rates, inflation rates, interest rates, recession, foreign government policies and other external factors that we cannot control; |

|         |                                                   |
|---------|---------------------------------------------------|
| • | unanticipated liabilities of acquired businesses; |

|         |                                                                   |
|---------|-------------------------------------------------------------------|
| • | cyclical downturns affecting the global market for capital goods; |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | difficulties associated with managing foreign operations; and |

|         |                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | other risks and uncertainties including but not limited to those described in “Risk Factors” in this Annual Report on Form 10-K and from time to time in our reports filed with U.S. Securities and Exchange Commission. |

----

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | integral horsepower AC and DC motors for commercial and industrial applications; |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | fractional, integral and large horsepower motors used in a variety of pump, fans, compressor and electrical machinery applications; |

|         |                                                                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | fractional and integral horsepower motors, electronic variable speed controls and blowers used in commercial and residential heating, ventilation,  air conditioning (“HVAC”) and commercial refrigeration products including furnaces, air conditioners and refrigeration equipment; |

|         |                                                                                             |
|---------|---------------------------------------------------------------------------------------------|
| • | fractional motors and blowers used in gas fired water heaters and hydronic heating systems; |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| • | hermetic motors used in residential air conditioning and commercial air conditioning and refrigeration systems; |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | custom electronic drives used in paper processing, steel processing, automotive test stands, oil and gas applications, and a variety of other industrial applications; |

|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | oil and gas artificial lift system pumping equipment typically used in well applications; |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| • | capacitors for use in HVAC systems, high intensity lighting and other applications; |

|         |                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | electric generators and controls ranging in size from approximately five kilowatts through four megawatts used in systems to generate backup or primary power; |

|         |                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------|
| • | AC and DC variable speed drives and controllers and other accessories for a variety of commercial and industrial applications; and |

|         |                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------|
| • | automatic transfer switches and paralleling switchgear to interconnect and control electric power generation equipment. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On November 30, 2012, we acquired Remco Products Limited ("Remco") for $3.7 million. Remco is a UK supplier of a broad range of AC fractional horsepower electric motors and fans for replacement use in heating, ventilation, refrigeration and air conditioning industries located in West Sussex, England. The acquisition added greater access to the European replacement motor business and is expected to provide growth opportunities for our overall European business. |

|         |                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On October 2, 2012, we acquired Marlin Coast Motor Rewinding ("MCMR") for $3.4 million. MCMR, based in Cairns, North Queensland, Australia, is a regional leader in the supply, service and overhaul of electric machines. |

|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| • | On April 30, 2012, we acquired Tecnojar, a Mexico based electrical products company for $1.6 million. |

|         |                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On April 5, 2011, we acquired Ramu, Inc. (“Ramu”) located in Blacksburg, Virginia.  Ramu is a motor and control technology company with a research and development team dedicated to the development of switched reluctance motor technology. |

|         |                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On June 1, 2011, we acquired Australian Fan and Motor Company (“AFMC”) located in Melbourne, Australia.  AFMC manufactures and distributes a wide range of direct drive blowers, fan decks, axial fans and sub-fractional motors for sale primarily in Australia and New Zealand. |

|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | standard and custom worm gearboxes, bevel gearboxes, helical gearboxes and concentric shaft gearboxes; |

|         |               |
|---------|---------------|
| • | open gearing; |

|         |                       |
|---------|-----------------------|
| • | marine transmissions; |

|         |                 |
|---------|-----------------|
| • | custom gearing; |

|         |              |
|---------|--------------|
| • | gear motors; |

|         |                             |
|---------|-----------------------------|
| • | manual valve actuators; and |

|         |                                |
|---------|--------------------------------|
| • | electrical connecting devices. |

|         |                                                                                                                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On February 3, 2012, we acquired Milwaukee Gear Company (“MGC”), a Wisconsin-based leading manufacturer of highly engineered gearing components for oil and gas applications as well as a wide variety of other commercial and industrial applications. The purchase price of MGC was $80.3 million paid in cash, net of cash acquired. |

----

|         |                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | On March 7, 2011, we acquired Hargil Dynamics Pty. Ltd. (“Hargil”) located in Sydney, Australia.  Hargil is a distributor of mechanical power transmission components and solutions. |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |
|                         |   |   |   | Annual |   |   |
|                         |   |   |   | Revenues |   |   |
|                         |   | Year |   | at |   |   |
| Company                      |   | Acquired |   | Acquisition |   | Primary Products at Acquisition |
| Remco                        |   | 2012 |   | $ | 4.5 |  |   | Distributes a broad range of AC fractional horsepower electric motors and fans for replacement use in heating, ventilation, refrigeration and air conditioning industries in the U.K. |
|                         |   |   |   |   |   |   |
| Marlin Coast Motor Rewinding |   | 2012 |   | 3.5 |  |   | Rewinds and distributes electric motors and generators in Australia |
|                         |   |   |   |   |   |   |
| Tecnojar                     |   | 2012 |   | 3.0 |  |   | Integrates, engineers, and packages small systems consisting of PLC's, drives and enclosures and also provides service support and parts for this customer base in Mexico |
|                         |   |   |   |   |   |   |
| MGC                          |   | 2012 |   | 54.0 |  |   | Manufacturers highly engineered gearing components for oil and gas applications as well as a wide variety of other commercial and industrial applications |
|                         |   |   |   |   |   |   |
| EPC                          |   | 2011 |   | 706.0 |  |   | Manufactures hermetic motors, fractional horsepower AC and DC motors and integral horsepower motors |
|                         |   |   |   |   |   |   |
|  AFMC                   |   | 2011 |   | 13.0 |  |   | Manufactures blowers, fan decks, axial fans and sub-fractional motors in Australia |
|                         |   |   |   |   |   |   |
| Ramu                         |   | 2011 |   | — |  |   | Research related to switched reluctance motor technology |
|                         |   |   |   |   |   |   |
| Hargil                       |   | 2011 |   | 2.0 |  |   | Distributes mechanical power transmission components and solutions in Australia |
|                         |   |   |   |   |   |   |

----

----

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |
| Executive Officer     |   | Age |   | Position |   |  Business Experience and Principal Occupation |
|                  |   |   |   |   |   |   |
| Mark J. Gliebe        |   | 52 |   | Chairman and Chief Executive Officer |   | Elected Chairman of the Board on December 31, 2011. Elected President and Chief Executive Officer in May 2011. Previously elected President and Chief Operating Officer in December 2005. Joined the Company in January 2005 as Vice President and President - Electric Motors Group, following the acquisition of the HVAC motors and capacitors businesses from GE. Previously employed by GE as the General Manager of GE Motors & Controls in the GE Consumer & Industrial business unit from June 2000 to December 2004. |
|                  |   |   |   |   |   |   |
| Jonathan J. Schlemmer |   | 47 |   | Chief Operating Officer |   | Elected Chief Operating Officer in May 2011. Prior thereto served as the Company's Senior Vice President - Asia Pacific from January 2010 to May 2011. Prior thereto, served as the Company's Vice President - Technology from 2005 to January 2010. Before joining the company, worked for GE in its electric motors business in a a variety of roles including quality, Six Sigma and engineering. |
|                  |   |   |   |   |   |   |
| Charles A. Hinrichs   |   | 59 |   | Vice President and Chief Financial Officer |   | Joined the Company and was elected Vice President, Chief Financial Officer in September 2010. Prior to joining the Company, Mr. Hinrichs was Senior Vice President and Chief Financial Officer at Smurfit-Stone Container Corporation, where he worked from 1995 to 2009. On January 26, 2009, Smurfit Stone Container Corporation and its primary operating subsidiaries filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code  in the United States Bankruptcy Court in Wilmington, Delaware, and emerged from bankruptcy in July 2010. |
|                  |   |   |   |   |   |   |
| Peter C. Underwood    |   | 43 |   | Vice President, General Counsel and Secretary |   | Joined the Company and was elected Vice President, General Counsel and Secretary in September 2010. Prior to joining the Company, Mr. Underwood was a partner with the law firm of Foley & Lardner LLP from 2005 to 2010 and an associate from 1996 to 2005. |
|                  |   |   |   |   |   |   |
| Terry R. Colvin       |   | 57 |   | Vice President Corporate Human Resources |   | Joined the Company in September 2006 and was elected Vice President Coporate Human Resources in January 2007. Prior to joining the Company, Mr. Colvin was Vice President of Human Resources for Stereotaxis Corporation from 2005 to 2006. |
|                  |   |   |   |   |   |   |
| John M. Avampato      |   | 51 |   | Vice President and Chief Information Officer |   | Joined the Company in April 2006 as Vice President Information Technology. Appointed Vice President and Chief Information Officer in January 2008. In April 2010, Mr. Avampato was elected an Officer of the Company. Prior to joining the Company, Mr. Avampato was with Newell Rubbermaid from 1984 to 2006 where he was Vice President, Chief Information Officer from 1999 to 2006. |

----

----

|           |              |
|-----------|--------------|
| ITEM 1A - | RISK FACTORS |

----

|         |                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The use of more cash or other financial resources, and additional management time, attention and distraction, on integration and implementation activities than we expect, including restructuring and other exit costs; |

|         |                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|
| • | increases in other expenses related to an acquisition, which may offset any potential cost savings and other synergies from the acquisition; |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | our ability to realize anticipated levels of sales in emerging markets like China and India; |

|         |                                                                                        |
|---------|----------------------------------------------------------------------------------------|
| • | our ability to avoid labor disruptions or disputes in connection with any integration; |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | the timing and impact of purchase accounting adjustments; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | difficulties in employee or management integration; and |

|         |                                                                |
|---------|----------------------------------------------------------------|
| • | unanticipated liabilities associated with acquired businesses. |

----

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | make it more challenging for us to obtain additional financing to fund our business strategy and acquisitions, debt service requirements, capital expenditures and working capital; |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| • | increase our vulnerability to interest rate changes and general adverse economic and industry conditions; |

|         |                                                                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | require us to dedicate a substantial portion of our cash flow from operations to service our indebtedness, thereby reducing the availability of our cash flow to finance acquisitions and to fund working capital, capital expenditures, manufacturing capacity expansion, business integration, research and development efforts and other general corporate activities; |

|         |                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------|
| • | limit our flexibility in planning for, or reacting to, changes in our business and our markets; and |

|         |                                                                                         |
|---------|-----------------------------------------------------------------------------------------|
| • | place us at a competitive disadvantage relative to our competitors that have less debt. |

----

----

----

|         |                                                                                         |
|---------|-----------------------------------------------------------------------------------------|
| • | domestic and international economic and political factors unrelated to our performance; |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| • | quarterly fluctuation in our operating income and earnings per share results; |

|         |                                     |
|---------|-------------------------------------|
| • | decline in demand for our products; |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | significant strategic actions by our competitors, including new product introductions or technological advances; |

|         |                                 |
|---------|---------------------------------|
| • | fluctuations in interest rates; |

|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| • | cost increases in energy, raw materials, intermediate components or materials, or labor; and |

|         |                                                                                          |
|---------|------------------------------------------------------------------------------------------|
| • | changes in revenue or earnings estimates or publication of research reports by analysts. |

----

----

|                                                                                                                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |
| Location                                                                                                                                                                                                                                 |   | Facilities |   | Total Square Footage |   | Status |   | Use |
| Juarez, MX                                                                                                                                                                                                                               |   | 14 |   | 1,336,387 |  |   | Owned and Leased |   | Manufacturing |
| Wuxi, China                                                                                                                                                                                                                              |   | 1 |   | 623,268 |  |   | Owned |   | Manufacturing |
| Wausau, WI                                                                                                                                                                                                                               |   | 1 |   | 498,329 |  |   | Owned |   | Manufacturing |
| Kolkata, India                                                                                                                                                                                                                           |   | 1 |   | 472,708 |  |   | Owned and Leased |   | Manufacturing |
| Monterrey, MX                                                                                                                                                                                                                            |   | 5 |   | 421,447 |  |   | Owned and Leased |   | Manufacturing |
| Indianapolis, IN                                                                                                                                                                                                                         |   | 1 |   | 376,000 |  |   | Leased |   | Warehouse |
| Tipp City, OH                                                                                                                                                                                                                            |   | 1 |   | 355,680 |  |   | Owned |   | Office |
| Changzhou, China                                                                                                                                                                                                                         |   | 2 |   | 350,219 |  |   | Owned |   | Manufacturing |
| Reynosa, MX                                                                                                                                                                                                                              |   | 1 |   | 320,000 |  |   | Owned |   | Manufacturing |
| Springfield, MO                                                                                                                                                                                                                          |   | 1 |   | 320,000 |  |   | Owned |   | Manufacturing |
| Piedras Negras, MX                                                                                                                                                                                                                       |   | 3 |   | 308,075 |  |   | Leased |   | Manufacturing |
| Hengli, China                                                                                                                                                                                                                            |   | 1 |   | 292,757 |  |   | Leased |   | Manufacturing |
| Yueyang, China                                                                                                                                                                                                                           |   | 1 |   | 290,712 |  |   | Owned |   | Manufacturing |
| Bangkok, Thailand                                                                                                                                                                                                                        |   | 2 |   | 273,594 |  |   | Owned and Leased |   | Manufacturing and Warehouse |
| Faridabad, India                                                                                                                                                                                                                         |   | 1 |   | 255,016 |  |   | Owned |   | Manufacturing |
| Taicang, China                                                                                                                                                                                                                           |   | 1 |   | 252,322 |  |   | Owned |   | Manufacturing |
| Milan, Italy                                                                                                                                                                                                                             |   | 1 |   | 244,091 |  |   | Leased |   | Manufacturing |
| Mt. Sterling, KY                                                                                                                                                                                                                         |   | 1 |   | 241,000 |  |   | Owned |   | Manufacturing |
| Cassville, MO                                                                                                                                                                                                                            |   | 1 |   | 238,838 |  |   | Owned and Leased |   | Manufacturing |
| Pudong Shanghai, China                                                                                                                                                                                                                   |   | 1 |   | 226,000 |  |   | Leased |   | Manufacturing |
| Acuna, MX                                                                                                                                                                                                                                |   | 2 |   | 213,408 |  |   | Leased |   | Manufacturing |
| El Paso, TX                                                                                                                                                                                                                              |   | 1 |   | 192,000 |  |   | Leased |   | Warehouse |
| Lavergne, TN                                                                                                                                                                                                                             |   | 1 |   | 187,930 |  |   | Leased |   | Manufacturing and Warehouse |
| Lebanon, MO                                                                                                                                                                                                                              |   | 1 |   | 186,900 |  |   | Owned |   | Warehouse |
| Boashan, China                                                                                                                                                                                                                           |   | 1 |   | 169,000 |  |   | Owned |   | Manufacturing |
| Einbergen, Netherlands                                                                                                                                                                                                                   |   | 1 |   | 154,874 |  |   | Owned and Leased |   | Warehouse |
| Erwin, TN                                                                                                                                                                                                                                |   | 4 |   | 150,630 |  |   | Owned |   | Manufacturing |
| Rowville, Australia                                                                                                                                                                                                                      |   | 2 |   | 148,639 |  |   | Leased |   | Office, Sales, Manufacturing and Warehouse |
| Pharr, TX                                                                                                                                                                                                                                |   | 1 |   | 125,000 |  |   | Leased |   | Warehouse |
| Lincoln, MO                                                                                                                                                                                                                              |   | 1 |   | 120,000 |  |   | Owned |   | Manufacturing |
| McAllen, TX                                                                                                                                                                                                                              |   | 1 |   | 116,288 |  |   | Owned |   | Manufacturing |
| Grafton, WI (2)                                                                                                                                                                                                                          |   | 2 |   | 110,250 |  |   | Leased |   | Manufacturing |
| Blytheville, AR                                                                                                                                                                                                                          |   | 1 |   | 107,000 |  |   | Leased |   | Manufacturing |
| West Plains, MO                                                                                                                                                                                                                          |   | 1 |   | 106,000 |  |   | Owned |   | Manufacturing |
| Black River Falls, WI                                                                                                                                                                                                                    |   | 1 |   | 103,000 |  |   | Owned |   | Manufacturing |
| Shanghai, China                                                                                                                                                                                                                          |   | 3 |   | 98,656 |  |   | Owned and Leased |   | Sales and Manufacturing |
| Other (1)                                                                                                                                                                                                                                |   | 60 |   | 1,647,605 |  |   |   |   |   |
|                                                                                                                                                                                                                                     |   |   |   | 11,633,623 |  |   |   |   |   |
|                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |
| (1) Less significant manufacturing, service and distribution and engineering facilities located in North America, Europe, Asia, Australia, South America and Africa. Total Electrical segment leased square footage is 1.1 million. |

----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |
| Location                                                       |   | Facilities |   | Total Square Footage |   | Status |   | Use |
| Milwaukee, WI                                                  |   | 1 |   | 198,600 |  |   | Leased |   | Manufacturing |
| Liberty, SC                                                    |   | 1 |   | 173,516 |  |   | Owned |   | Manufacturing |
| Aberdeen, SD                                                   |   | 1 |   | 164,960 |  |   | Owned |   | Manufacturing |
| Shopiere, WI                                                   |   | 1 |   | 132,000 |  |   | Owned |   | Manufacturing |
| Union Grove, WI                                                |   | 1 |   | 122,000 |  |   | Owned |   | Manufacturing |
| Other (1)                                                      |   | 7 |   | 259,802 |  |   |   |   |   |
|                                                           |   |   |   | 1,050,878 |  |   |   |   |   |
|                                                           |   |   |   |   |   |   |   |   |
| (1) Total Mechanical segment leased square footage is 248,902. |

----

|          |                                                                                                                  |
|----------|------------------------------------------------------------------------------------------------------------------|
| ITEM 5 - | Market for the Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities |

|         |
|---------|
|         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|    |   | 2012 Price Range |   | 2011 Price Range |
|    |   |   |   |   |   | Dividends |   |   |   |   |   | Dividends |
| Quarter |   | High |   | Low |   | Declared |   | High |   | Low |   | Declared |
| 1st     |   | $ | 70.99 |  |   | $ | 51.07 |  |   | $ | 0.18 |  |   | $ | 75.18 |  |   | $ | 65.79 |  |   | $ | 0.17 |  |
| 2nd     |   | 69.22 |  |   | 56.20 |  |   | 0.19 |  |   | 76.04 |  |   | 63.57 |  |   | 0.18 |  |
| 3rd     |   | 75.60 |  |   | 61.00 |  |   | 0.19 |  |   | 69.88 |  |   | 45.38 |  |   | 0.18 |  |
| 4th     |   | 71.34 |  |   | 63.68 |  |   | 0.19 |  |   | 56.42 |  |   | 42.97 |  |   | 0.18 |  |

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |
|                                                                              |   |   |   |   |   | Maximum |
|                                                                              |   | Total |   |   |   | Number of |
|                                                                              |   | Number of |   | Average |   | Shares that May be |
|                                                                              |   | Shares |   | Price Paid |   | Purchased Under the |
| 2012 Fiscal Month                                                                 |   | Purchased |   | per Share |   | Plans or Programs |
| September 30 to November 3                                                        |   | 2 |  |   | $ | 67.48 |  |   | 2,115,900 |  |
|                                                                              |   |   |   |   |   |   |
| November 4 to December 1                                                          |   | 5,868 |  |   | 66.86 |  |   | 2,115,900 |  |
|                                                                              |   |   |   |   |   |   |
| December 2 to December 29                                                         |   | — |  |   | — |  |   | 2,115,900 |  |
| Total                                                                             |   | 5,870 |  |   |   |   |   |
|                                                                              |   |   |   |   |   |   |
| There were no shares purchased as a part of a publicly announced plan or program. |

----

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| INDEXED RETURNS                                   |
|                                              |   | Years Ending |
| Company / Index                                   |   | 2008 |   | 2009 |   | 2010 |   | 2011 |   | 2012 |
| Regal Beloit Corporation                          |   | $ | 76.78 |  |   | $ | 119.24 |  |   | $ | 154.99 |  |   | $ | 119.81 |  |   | $ | 163.36 |  |
| S&P MidCap 400 Index                          |   | 61.00 |  |   | 87.60 |  |   | 110.94 |  |   | 109.02 |  |   | 126.48 |  |
| S&P 400 Electrical Components & Equipment |   | 60.99 |  |   | 83.97 |  |   | 121.44 |  |   | 121.29 |  |   | 161.06 |  |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                |   | Fiscal |   | Fiscal |   | Fiscal |   | Fiscal |   | Fiscal |
|                                                |   | 2012 |   | 2011 |   | 2010 |   | 2009 |   | 2008 |
|                                                |   | (In Millions, Except Per Share Data) |
| Net Sales                                           |   | $ | 3,166.9 |  |   | $ | 2,808.3 |  |   | $ | 2,238.0 |  |   | $ | 1,826.3 |  |   | $ | 2,246.2 |  |
| Income from Operations                              |   | 312.8 |  |   | 255.7 |  |   | 237.7 |  |   | 159.5 |  |   | 230.4 |  |
| Net Income                                          |   | 200.3 |  |   | 158.0 |  |   | 154.7 |  |   | 98.7 |  |   | 128.9 |  |
| Net Income Attributable to Regal Beloit Corporation |   | 195.6 |  |   | 152.3 |  |   | 149.4 |  |   | 95.0 |  |   | 125.5 |  |
| Total Assets                                        |   | 3,569.1 |  |   | 3,266.5 |  |   | 2,449.1 |  |   | 2,112.2 |  |   | 2,023.5 |  |
| Long-term Debt                                      |   | 754.7 |  |   | 909.2 |  |   | 428.3 |  |   | 468.1 |  |   | 560.1 |  |
| Regal Beloit Shareholders' Equity                   |   | 1,953.4 |  |   | 1,535.9 |  |   | 1,362.0 |  |   | 1,167.8 |  |   | 826.0 |  |
| Per Share Data:                                     |   |   |   |   |   |   |   |   |   |   |
|     Earnings - Basic            |   | $ | 4.68 |  |   | $ | 3.84 |  |   | $ | 3.91 |  |   | $ | 2.76 |  |   | $ | 4.00 |  |
| Earnings - Assuming Dilution                        |   | 4.64 |  |   | 3.79 |  |   | 3.84 |  |   | 2.63 |  |   | 3.78 |  |
|     Cash Dividends Declared     |   | 0.75 |  |   | 0.71 |  |   | 0.67 |  |   | 0.64 |  |   | 0.63 |  |
|     Shareholders' Equity        |   | 46.73 |  |   | 38.70 |  |   | 35.62 |  |   | 33.85 |  |   | 26.35 |  |
| Weighted Average Shares Outstanding (in millions):  |   |   |   |   |   |   |   |   |   |   |
|     Basic                       |   | 41.8 |  |   | 39.7 |  |   | 38.2 |  |   | 34.5 |  |   | 31.3 |  |
|     Assuming Dilution           |   | 42.1 |  |   | 40.1 |  |   | 38.9 |  |   | 36.1 |  |   | 33.3 |  |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |
| Net Sales                                       |   |   |   |   |   |
|                                            | Fiscal |   | Fiscal |   | Fiscal |
|                                            | 2012 |   | 2011 |   | 2010 |
|                                            | (Dollars in Millions) |
| Net Sales                                       | $ | 3,166.9 |  |   | $ | 2,808.3 |  |   | $ | 2,238.0 |  |
|   Sales growth rate                   | 12.8 | % |   | 25.5 | % |   | 22.5 | % |
| Net Sales by Segment:                           |   |   |   |   |   |
|   Electrical segment                  | $ | 2,870.2 |  |   | $ | 2,533.3 |  |   | $ | 2,002.0 |  |
|      Sales growth rate | 13.3 | % |   | 26.5 | % |   | 22.3 | % |
|   Mechanical segment                  | $ | 296.7 |  |   | $ | 275.0 |  |   | $ | 236.0 |  |
|      Sales growth rate | 7.9 | % |   | 16.5 | % |   | 25.1 | % |

----

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |
| Gross Profit                                          |   |   |   |   |   |
|                                                  | Fiscal |   | Fiscal |   | Fiscal |
|                                                  | 2012 |   | 2011 |   | 2010 |
|                                                  | (Dollars in Millions) |
| Gross Profit                                          | $ | 771.0 |  |   | $ | 666.0 |  |   | $ | 549.3 |  |
|   Gross profit percentage                   | 24.3 | % |   | 23.7 | % |   | 24.5 | % |
|                                                  |   |   |   |   |   |
| Gross Profit by Segment:                              |   |   |   |   |   |
|   Electrical segment                        | $ | 691.7 |  |   | $ | 590.9 |  |   | $ | 486.1 |  |
|      Gross profit percentage | 24.1 | % |   | 23.3 | % |   | 24.3 | % |
|   Mechanical segment                        | $ | 79.3 |  |   | $ | 75.1 |  |   | $ | 63.2 |  |
|      Gross profit percentage | 26.7 | % |   | 27.3 | % |   | 26.8 | % |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |
| Operating Expenses                       |   |   |   |   |   |
|                                     | Fiscal |   | Fiscal |   | Fiscal |
|                                     | 2012 |   | 2011 |   | 2010 |
|                                     | (Dollars in Millions) |
| Operating Expenses                       | $ | 458.2 |  |   | $ | 410.3 |  |   | $ | 311.6 |  |
|   As a percentage of net sales | 14.5 | % |   | 14.6 | % |   | 13.9 | % |
| Operating Expenses by Segment:           |   |   |   |   |   |
|   Electrical segment           | $ | 418.0 |  |   | $ | 368.4 |  |   | $ | 275.9 |  |
|   As a percentage of net sales | 14.6 | % |   | 14.5 | % |   | 13.8 | % |
|   Mechanical segment           | $ | 40.2 |  |   | $ | 41.9 |  |   | $ | 35.7 |  |
|   As a percentage of net sales | 13.5 | % |   | 15.2 | % |   | 15.1 | % |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |
| Income from Operations                   |   |   |   |   |   |
|                                     | Fiscal |   | Fiscal |   | Fiscal |
|                                     | 2012 |   | 2011 |   | 2010 |
|                                     | (Dollars in Millions) |
| Income from Operations                   | $ | 312.8 |  |   | $ | 255.7 |  |   | $ | 237.7 |  |
|   As a percentage of net sales | 9.9 | % |   | 9.1 | % |   | 10.6 | % |
| Income from Operations by Segment        |   |   |   |   |   |
|   Electrical segment           | $ | 273.7 |  |   | $ | 222.6 |  |   | $ | 210.2 |  |
|   As a percentage of net sales | 9.5 | % |   | 8.8 | % |   | 10.5 | % |
|   Mechanical segment           | $ | 39.1 |  |   | $ | 33.1 |  |   | $ | 27.5 |  |
|   As a percentage of net sales | 13.2 | % |   | 12.1 | % |   | 11.7 | % |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |
| Interest Expense, Net                      |   |   |   |   |   |
|                                       | Fiscal |   | Fiscal |   | Fiscal |
|                                       | 2012 |   | 2011 |   | 2010 |
|                                       | (Dollars in Millions) |
| Interest Expense, Net                      | $ | 42.9 |  |   | $ | 29.4 |  |   | $ | 17.0 |  |
|   Weighted average interest rate | 4.9 | % |   | 4.5 | % |   | 4.1 | % |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |
| Provision for Income Taxes     |   |   |   |   |   |
|                           | Fiscal |   | Fiscal |   | Fiscal |
|                           | 2012 |   | 2011 |   | 2010 |
|                           | (Dollars in Millions) |
| Income Taxes                   | $ | 69.6 |  |   | $ | 68.3 |  |   | $ | 66.0 |  |
|   Effective Tax Rate | 25.8 | % |   | 30.2 | % |   | 29.9 | % |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |
| Net Income Attributable to Regal Beloit Corporation and Earnings Per Share |   |   |   |   |   |
|                                                                       | Fiscal |   | Fiscal |   | Fiscal |
|                                                                       | 2012 |   | 2011 |   | 2010 |
|                                                                       |   |
| Net Income Attributable to Regal Beloit Corporation (in millions)          | $ | 195.6 |  |   | $ | 152.3 |  |   | $ | 149.4 |  |
|   Fully Diluted Earnings Per Share                               | $ | 4.64 |  |   | $ | 3.79 |  |   | $ | 3.84 |  |
|   Average Number of Diluted Shares (in millions)                 | 42.1 |  |   | 40.1 |  |   | 38.9 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |
|                      |   |   | December 29, |   | December 31, |
|                      |   |   | 2012 |   | 2011 |
| Cash and Cash Equivalents |   |   | $ | 375.3 |  |   | $ | 142.6 |  |
| Trade Receivables, Net    |   |   | 446.0 |  |   | 424.2 |  |
| Inventories, Net          |   |   | 557.0 |  |   | 575.8 |  |
| Working Capital           |   |   | 1,006.0 |  |   | 766.6 |  |
| Current Ratio             |   |   | 2.9:1 |  |   | 2.5:1 |  |

----

|                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------|
|                                                                                                                  |  |  |  |  |  |  |  |
|                                                                                                             | Principal |   | Interest Rate |   | Maturity |
| Floating Rate Series 2007A                                                                                       | $ | 150.0 |  |   | Floating (1)  |   | August 2014 |
| Floating Rate Series 2007A                                                                                       | 100.0 |  |   | Floating (1)  |   | August 2017 |
| Fixed Rate Series 2011A                                                                                          | 100.0 |  |   | 4.1% |   | July 2018 |
| Fixed Rate Series 2011A                                                                                          | 230.0 |  |   | 4.8 to 5.0% |   | July 2021 |
| Fixed Rate Series 2011A                                                                                          | 170.0 |  |   | 4.9 to 5.1% |   | July 2023 |
|                                                                                                             | $ | 750.0 |  |   |   |   |   |
|                                                                                                             |   |   |   |   |   |
| (1) Interest rates vary as LIBOR varies. At December 29, 2012, the interest rate was between 0.9% and 1.0%. |

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Payments Due by Period (1)  |   | Debt Including Estimated Interest Payments (2) |   | Operating Leases |   | Pension Obligations |   | Purchase and Other Obligations |   | Total Contractual Obligations |
|   |
|   |
|   |
|   | Less than one year |   | $ | 89.5 |  |   | $ | 28.1 |  |   | $ | 7.9 |  |   | $ | 63.1 |  |   | $ | 188.6 |  |
|   | 1 - 3 years |   | 200.0 |  |   | 39.3 |  |   | 17.1 |  |   | 1.1 |  |   | 257.5 |  |
|   | 3 - 5 years |   | 151.9 |  |   | 25.3 |  |   | 19.1 |  |   | — |  |   | 196.3 |  |
|   | More than 5 years |   | 568.9 |  |   | 22.1 |  |   | 58.0 |  |   | — |  |   | 649.0 |  |
|   | Total |   | $ | 1,010.3 |  |   | $ | 114.8 |  |   | $ | 102.1 |  |   | $ | 64.2 |  |   | $ | 1,291.4 |  |

----

----

|            |
|------------|
|            |  |  |  |  |  |  |  |  |  |  |  |  |
|       |   | Notional |   |   |   | Rate |   | Rate |   | Fair Value |
| Instrument |   | Amount |   | Maturity |   | Paid |   | Received |   | (Loss) |
| Swap       |   | $150.0 |   | August 23, 2014 |   | 5.3% |   | LIBOR (3 month) |   | $ | (13.1 | ) |
| Swap       |   | 100.0 |   | August 23, 2017 |   | 5.4% |   | LIBOR (3 month) |   | (22.3 | ) |

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   |   |   |   |   | Foreign Exchange Gain (Loss) From: |
|              |   | Notional |   | Fair |   | 10% Appreciation of |   | 10% Depreciation of |
| Currency          |   | Amount |   | Value |   | Counter Currency |   | Counter Currency |
| Mexican Peso      |   | 174.8 |  |   | $ | 6.1 |  |   | $ | 17.5 |  |   | $ | (17.5 | ) |
| Chinese Renminbi  |   | 108.6 |  |   | 0.9 |  |   | 10.9 |  |   | (10.9 | ) |
| Indian Rupee      |   | 37.4 |  |   | (2.9 | ) |   | 3.7 |  |   | (3.7 | ) |
| Thai Baht         |   | 17.3 |  |   | 0.2 |  |   | 1.7 |  |   | (1.7 | ) |
| Australian Dollar |   | 7.1 |  |   | (0.1 | ) |   | 0.7 |  |   | (0.7 | ) |

|           |
|-----------|
|           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|      |   |   |   |   |   | Gain (Loss) From: |
|      |   | Notional |   | Fair |   | 10% Appreciation of |   | 10% Depreciation of |
| Commodity |   | Amount |   | Value |   | Commodity Prices |   | Commodity Prices |
| Copper    |   | $ | 132.8 |  |   | 2.5 |  |   | $ | 13.3 |  |   | $ | (13.3 | ) |
| Aluminum  |   | 8.5 |  |   | 0.2 |  |   | 0.9 |  |   | (0.9 | ) |

----

----

|                                                                                                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                      | 1st Quarter |   | 2nd Quarter |   | 3rd Quarter |   | 4th Quarter |
|                                                                                                                                                                                      | 2012 |   | 2011 |   | 2012 |   | 2011 |   | 2012 |   | 2011 |   | 2012 |   | 2011 |
| Net Sales                                                                                                                                                                                 | $ | 807.9 |  |   | $ | 662.7 |  |   | $ | 863.9 |  |   | $ | 681.8 |  |   | $ | 779.5 |  |   | $ | 736.9 |  |   | $ | 715.6 |  |   | $ | 727.0 |  |
| Gross Profit                                                                                                                                                                              | 197.6 |  |   | 164.8 |  |   | 220.1 |  |   | 150.7 |  |   | 192.6 |  |   | 179.6 |  |   | 160.7 |  |   | 170.9 |  |
| Income from Operations                                                                                                                                                                    | 79.1 |  |   | 64.1 |  |   | 103.3 |  |   | 54.8 |  |   | 83.3 |  |   | 78.1 |  |   | 47.1 |  |   | 58.6 |  |
| Net Income                                                                                                                                                                                | 49.9 |  |   | 40.8 |  |   | 64.3 |  |   | 36.0 |  |   | 55.2 |  |   | 47.5 |  |   | 30.9 |  |   | 33.7 |  |
| Net Income Attributable to Regal Beloit Corporation                                                                                                                                       | 48.7 |  |   | 38.8 |  |   | 62.7 |  |   | 34.3 |  |   | 54.3 |  |   | 45.7 |  |   | 29.9 |  |   | 33.5 |  |
| Earnings Per Share Attributable to Regal Beloit Corporation (1):                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                                                                                                                                             | 1.17 |  |   | 1.01 |  |   | 1.5 |  |   | 0.89 |  |   | 1.3 |  |   | 1.14 |  |   | 0.71 |  |   | 0.81 |  |
|     Assuming Dilution                                                                                                                                                 | 1.16 |   | 0.99 |  |   | 1.49 |   | 0.88 |  |   | 1.29 |   | 1.13 |  |   | 0.70 |  |   | 0.80 |  |
| Weighted Average Number                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   of Shares Outstanding:                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                                                                                                                                             | 41.6 |  |   | 38.6 |  |   | 41.7 |  |   | 38.7 |  |   | 41.7 |  |   | 39.9 |  |   | 42.2 |  |   | 41.5 |  |
|     Assuming Dilution                                                                                                                                                 | 42.0 |  |   | 39.1 |  |   | 42.0 |  |   | 39.2 |  |   | 42.0 |  |   | 40.4 |  |   | 42.5 |  |   | 41.9 |  |
| Net Sales                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Electrical                                                                                                                                                        | $ | 731.4 |  |   | $ | 594.3 |  |   | $ | 783.6 |  |   | $ | 611.3 |  |   | $ | 708.3 |  |   | $ | 667.5 |  |   | $ | 646.9 |  |   | $ | 660.3 |  |
|     Mechanical                                                                                                                                                        | 76.5 |  |   | 68.4 |  |   | 80.3 |  |   | 70.5 |  |   | 71.2 |  |   | 69.4 |  |   | 68.7 |  |   | 66.7 |  |
| Income from Operations                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Electrical                                                                                                                                                        | 69.4 |  |   | 55.5 |  |   | 91.5 |  |   | 44.9 |  |   | 73.2 |  |   | 69.4 |  |   | 39.6 |  |   | 52.8 |  |
|     Mechanical                                                                                                                                                        | 9.7 |  |   | 8.6 |  |   | 11.8 |  |   | 9.9 |  |   | 10.1 |  |   | 8.8 |  |   | 7.5 |  |   | 5.8 |  |
|                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Due to the weighting of both earnings and the weighted average number of shares outstanding, the sum of the quarterly earnings per share may not equal the annual earnings per share. |

----

----

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | For the Year Ended |   |
|                                                            |   | December 29, 2012 |   | December 31, 2011 |   | January 1, 2011 |   |
| Net Sales                                                       |   | $ | 3,166.9 |  |   | $ | 2,808.3 |  |   | $ | 2,238.0 |  |   |
| Cost of Sales                                                   |   | 2,395.9 |  |   | 2,142.3 |  |   | 1,688.6 |  |   |
|   Gross Profit                                        |   | 771.0 |  |   | 666.0 |  |   | 549.4 |  |   |
| Operating Expenses                                              |   | 458.2 |  |   | 410.3 |  |   | 311.6 |  |   |
|   Income from Operations                              |   | 312.8 |  |   | 255.7 |  |   | 237.8 |  |   |
| Interest Expense                                                |   | 44.5 |  |   | 31.1 |  |   | 19.6 |  |   |
| Interest Income                                                 |   | 1.6 |  |   | 1.7 |  |   | 2.5 |  |   |
|   Income before Taxes                                 |   | 269.9 |  |   | 226.3 |  |   | 220.7 |  |   |
| Provision for Income Taxes                                      |   | 69.6 |  |   | 68.3 |  |   | 66.0 |  |   |
|   Net Income                                          |   | 200.3 |  |   | 158.0 |  |   | 154.7 |  |   |
| Less: Net Income Attributable to Noncontrolling Interests       |   | 4.7 |  |   | 5.7 |  |   | 5.3 |  |   |
|   Net Income Attributable to Regal Beloit Corporation |   | $ | 195.6 |  |   | $ | 152.3 |  |   | $ | 149.4 |  |   |
| Earnings Per Share Attributable to Regal Beloit Corporation:    |   |   |   |   |   |   |   |
|   Basic                                               |   | $ | 4.68 |  |   | $ | 3.84 |  |   | $ | 3.91 |  |   |
|   Assuming Dilution                                   |   | $ | 4.64 |  |   | $ | 3.79 |  |   | $ | 3.84 |  |   |
| Weighted Average Number of Shares Outstanding:                  |   |   |   |   |   |   |   |
|   Basic                                               |   | 41.8 |  |   | 39.7 |  |   | 38.2 |  |   |
|   Assuming Dilution                                   |   | 42.1 |  |   | 40.1 |  |   | 38.9 |  |   |
|                                                            |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                             | For the Year Ended |
|                                                                                                                                                                                             | December 29, 2012 |   | December 31, 2011 |   | January 1, 2011 |
| Net Income                                                                                                                                                                                       |   |   | $ | 200.3 |  |   |   |   | $ | 158.0 |  |   |   |   | $ | 154.7 |  |
| Other Comprehensive Income (Loss), net of tax:                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign Currency Translation Adjustments (1)                                                                                                                                                     |   |   | 14.7 |  |   |   |   | (43.6 | ) |   |   |   | 29.4 |  |
| Hedging Activities:                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |
| Change in Fair Value of Hedging Activities, net of tax effects of $10.1 million in 2012, $(27.4) million in 2011 and $11.0 million in 2010                                                       | 16.6 |  |   |   |   | (44.7 | ) |   |   |   | 18.0 |  |   |   |
| Reclassification Adjustment for (Gains) and Losses Included in Net Income, net of tax effects of $10.3 million in 2012, $(5.3) million in 2011 and $2.1 million in 2010                          | 16.8 |  |   | 33.4 |  |   | (8.9 | ) |   | (53.6 | ) |   | 3.2 |  |   | 21.2 |  |
| Defined Benefit Pension Plans:                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |
|  Prior Service Cost and Unrecognized Loss, net of tax effects of $(6.1) million in 2012, $(4.7) million in 2011 and $(2.6) million in 2010                                                  | (9.9 | ) |   |   |   | (7.7 | ) |   |   |   | (4.3 | ) |   |   |
| Realized Curtailment Gain in 2011, net of tax effect of $(0.6) million                                                                                                                           | — |  |   |   |   | (1.1 | ) |   |   |   | — |  |   |   |
| Less: Amortization of Prior Service Costs and Unrecognized Loss Included in Net Periodic Pension Cost, net of tax effects of $1.4 million in 2012, $1.3 million in 2011 and $1.1 million in 2010 | 2.4 |  |   | (7.5 | ) |   | 2.1 |  |   | (6.7 | ) |   | 1.7 |  |   | (2.6 | ) |
| Other Comprehensive Income (Loss)                                                                                                                                                                |   |   | 40.6 |  |   |   |   | (103.9 | ) |   |   |   | 48.0 |  |
| Comprehensive Income                                                                                                                                                                             |   |   | 240.9 |  |   |   |   | 54.1 |  |   |   |   | 202.7 |  |
| Less: Comprehensive Income Attributable to Noncontrolling Interests                                                                                                                              |   |   | 5.4 |  |   |   |   | 5.3 |  |   |   |   | 6.4 |  |
| Comprehensive Income Attributable to Regal Beloit Corporation                                                                                                                                    |   |   | $ | 235.5 |  |   |   |   | $ | 48.8 |  |   |   |   | $ | 196.3 |  |
| (1) No reclassification adjustments for any period presented.                                                                                                                               |

----

|                                                                                                                                                           |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                           |  |  |  |  |  |  |  |  |
|                                                                                                                                                      |   | December 29, 2012 |   | December 31, 2011 |
| ASSETS                                                                                                                                                    |   |   |   |   |
| Current Assets:                                                                                                                                           |   |   |   |   |
| Cash and Cash Equivalents                                                                                                                                 |   | $ | 375.3 |  |   | $ | 142.6 |  |
| Trade Receivables, less Allowances of $10.2 million in 2012 and $13.6 million in 2011                                                                     |   | 446.0 |  |   | 424.2 |  |
| Inventories                                                                                                                                               |   | 557.0 |  |   | 575.8 |  |
| Prepaid Expenses and Other Current Assets                                                                                                                 |   | 112.9 |  |   | 99.9 |  |
| Deferred Income Tax Benefits                                                                                                                              |   | 48.7 |  |   | 48.6 |  |
| Total Current Assets                                                                                                                                      |   | 1,539.9 |  |   | 1,291.1 |  |
| Net Property, Plant and Equipment                                                                                                                         |   | 573.1 |  |   | 534.0 |  |
| Goodwill                                                                                                                                                  |   | 1,151.0 |  |   | 1,117.6 |  |
| Intangible Assets, Net of Amortization                                                                                                                    |   | 293.2 |  |   | 316.3 |  |
| Other Noncurrent Assets                                                                                                                                   |   | 11.9 |  |   | 7.5 |  |
| Total Assets                                                                                                                                              |   | $ | 3,569.1 |  |   | $ | 3,266.5 |  |
| LIABILITIES AND EQUITY                                                                                                                                    |   |   |   |   |
| Current Liabilities:                                                                                                                                      |   |   |   |   |
| Accounts Payable                                                                                                                                          |   | $ | 251.8 |  |   | $ | 249.4 |  |
| Dividends Payable                                                                                                                                         |   | 8.5 |  |   | 7.5 |  |
| Hedging Obligations                                                                                                                                       |   | 6.3 |  |   | 26.1 |  |
| Accrued Compensation and Employee Benefits                                                                                                                |   | 80.0 |  |   | 81.7 |  |
| Other Accrued Expenses                                                                                                                                    |   | 123.5 |  |   | 149.8 |  |
| Current Maturities of Debt                                                                                                                                |   | 63.8 |  |   | 10.0 |  |
| Total Current Liabilities                                                                                                                                 |   | 533.9 |  |   | 524.5 |  |
| Long-term Debt                                                                                                                                            |   | 754.7 |  |   | 909.2 |  |
| Deferred Income Taxes                                                                                                                                     |   | 132.0 |  |   | 100.1 |  |
| Hedging Obligations                                                                                                                                       |   | 35.7 |  |   | 55.1 |  |
| Pension and Other Post Retirement Benefits                                                                                                                |   | 69.2 |  |   | 60.6 |  |
| Other Noncurrent Liabilities                                                                                                                              |   | 47.1 |  |   | 40.6 |  |
| Commitments and Contingencies (see Note 11)                                                                                                               |   |  |   |  |
| Equity:                                                                                                                                                   |   |   |   |   |
| Regal Beloit Corporation Shareholders' Equity:                                                                                                            |   |   |   |   |
| Common Stock, $.01 par value, 100.0 million shares authorized, 44.9 million and 41.6 million shares issued and outstanding at 2012 and 2011, respectively |   | 0.4 |  |   | 0.4 |  |
| Additional Paid-In Capital                                                                                                                                |   | 903.3 |  |   | 689.4 |  |
| Retained Earnings                                                                                                                                         |   | 1,115.0 |  |   | 951.3 |  |
| Accumulated Other Comprehensive Loss                                                                                                                      |   | (65.3 | ) |   | (105.2 | ) |
| Total Regal Beloit Corporation Shareholders' Equity                                                                                                       |   | 1,953.4 |  |   | 1,535.9 |  |
| Noncontrolling Interests                                                                                                                                  |   | 43.1 |  |   | 40.5 |  |
| Total Equity                                                                                                                                              |   | 1,996.5 |  |   | 1,576.4 |  |
| Total Liabilities and Equity                                                                                                                              |   | $ | 3,569.1 |  |   | $ | 3,266.5 |  |

----

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                          |  Common Stock $.01 Par Value |   |  Additional Paid-In Capital |   |  Retained Earnings |   |  Accumulated Other Comprehensive Income (Loss) |   |  NoncontrollingInterests |   |  TotalEquity |
| Balance as of January 2, 2010                                                 | $ | 0.4 |  |   | $ | 512.3 |  |   | $ | 703.8 |  |   | $ | (48.6 | ) |   | $ | 12.2 |  |   | $ | 1,180.1 |  |
| Net Income                                                                    | — |  |   | — |  |   | 149.4 |  |   | — |  |   | 5.3 |  |   | 154.7 |  |
| Other Comprehensive Income (Loss)                                             |   |   |   |   |   |   | 46.9 |  |   | 1.1 |  |   | 48.0 |  |
| Dividends Declared ($.67 per share)                                           | — |  |   | — |  |   | (25.7 | ) |   | — |  |   | — |  |   | (25.7 | ) |
| Issuance of 0.1 million Shares of Common Stock for Acquisition                |   |   | 6.1 |  |   |   |   |   |   |   |   | 6.1 |  |
| Stock Options Exercised, includingIncome Tax Benefit and Share Cancellations  | — |  |   | 4.1 |  |   | — |  |   | — |  |   | — |  |   | 4.1 |  |
| Share-based Compensation                                                      | — |  |   | 6.7 |  |   | — |  |   | — |  |   | — |  |   | 6.7 |  |
| Reversal of Tax Benefits Related to Convertible Debt                          | — |  |   | 6.6 |  |   | — |  |   | — |  |   |   |   | 6.6 |  |
| Additions to Noncontrolling Interests from Acquisitions                       | — |  |   | — |  |   | — |  |   | — |  |   | 16.6 |  |   | 16.6 |  |
| Balance as of January 1, 2011                                                 | $ | 0.4 |  |   | $ | 535.8 |  |   | $ | 827.5 |  |   | $ | (1.7 | ) |   | $ | 35.2 |  |   | $ | 1,397.2 |  |
| Net Income                                                                    | — |  |   | — |  |   | 152.3 |  |   | — |  |   | 5.7 |  |   | 158.0 |  |
| Other Comprehensive Income (Loss)                                             | — |  |   | — |  |   | — |  |   | (103.5 | ) |   | (0.4 | ) |   | (103.9 | ) |
| Dividends Declared ($0.71 per share)                                          | — |  |   | — |  |   | (28.5 | ) |   | — |  |   | — |  |   | (28.5 | ) |
| Issuance of 2.8 million Shares of Common Stock for Acquisition                | — |  |   | 140.8 |  |   | — |  |   | — |  |   | — |  |   | 140.8 |  |
| Stock Options Exercised, includingIncome Tax Benefit and Share Cancellations  | — |  |   | (1.5 | ) |   | — |  |   | — |  |   | — |  |   | (1.5 | ) |
| Share-based Compensation                                                      | — |  |   | 14.3 |  |   | — |  |   | — |  |   | — |  |   | 14.3 |  |
| Balance as of  December 31, 2011                                              | $ | 0.4 |  |   | $ | 689.4 |  |   | $ | 951.3 |  |   | $ | (105.2 | ) |   | $ | 40.5 |  |   | $ | 1,576.4 |  |
| Net Income                                                                    | — |  |   | — |  |   | 195.6 |  |   | — |  |   | 4.7 |  |   | 200.3 |  |
| Other Comprehensive Income (Loss)                                             | — |  |   | — |  |   | — |  |   | 39.9 |  |   | 0.7 |  |   | 40.6 |  |
| Dividends Declared ($0.75 per share)                                          | — |  |   | — |  |   | (31.9 | ) |   | — |  |   | — |  |   | (31.9 | ) |
| Sale of 3.2 million Shares of Common Stock                                    | — |  |   | 202.9 |  |   | — |  |   | — |  |   | — |  |   | 202.9 |  |
| Stock Options Exercised, including Income Tax Benefit and Share Cancellations | — |  |   | 2.0 |  |   | — |  |   | — |  |   | — |  |   | 2.0 |  |
| Share-based Compensation                                                      | — |  |   | 9.0 |  |   | — |  |   | — |  |   | — |  |   | 9.0 |  |
| Dividends Declared to Non-controlling Interests                               | — |  |   | — |  |   | — |  |   | — |  |   | (2.8 | ) |   | (2.8 | ) |
| Balance as of  December 29, 2012                                              | $ | 0.4 |  |   | $ | 903.3 |  |   | $ | 1,115.0 |  |   | $ | (65.3 | ) |   | $ | 43.1 |  |   | $ | 1,996.5 |  |

----

|                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                      |   | For the Year Ended |
|                                                                                                                      |   | December 29, 2012 |   | December 31, 2011 |   | January 1, 2011 |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                     |   |   |   |   |   |   |
| Net Income                                                                                                                |   | $ | 200.3 |  |   | $ | 158.0 |  |   | $ | 154.7 |  |
| Adjustments to Reconcile Net Income to Net Cash Provided    by Operating Activities (net of Acquisitions): |   |   |   |   |   |   |
| Depreciation                                                                                                              |   | 82.0 |  |   | 65.0 |  |   | 52.9 |  |
| Amortization                                                                                                              |   | 44.0 |  |   | 33.2 |  |   | 20.0 |  |
| Share-based Compensation Expense                                                                                          |   | 9.0 |  |   | 14.3 |  |   | 6.7 |  |
| Provision for Deferred Income Taxes                                                                                       |   | 6.5 |  |   | 2.3 |  |   | 0.7 |  |
| Excess Tax Benefits from Share-based Compensation                                                                         |   | (2.2 | ) |   | (1.4 | ) |   | (1.7 | ) |
| (Gain) Loss on Disposition of Assets                                                                                      |   | (2.4 | ) |   | (5.9 | ) |   | 4.7 |  |
| Change in Operating Assets and Liabilities, net of Acquisitions                                                           |   |   |   |   |   |   |
|               Receivables                           |   | (14.9 | ) |   | 32.6 |  |   | (30.4 | ) |
|               Inventories                           |   | 40.9 |  |   | 21.0 |  |   | (56.4 | ) |
|               Accounts Payable                      |   | (5.3 | ) |   | (41.3 | ) |   | 24.4 |  |
|               Current Liabilities and Other         |   | (6.2 | ) |   | (12.5 | ) |   | (0.2 | ) |
| Net Cash Provided by Operating Activities                                                                                 |   | 351.7 |  |   | 265.3 |  |   | 175.4 |  |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                     |   |   |   |   |   |   |
| Additions to Property, Plant and Equipment                                                                                |   | (91.0 | ) |   | (57.6 | ) |   | (45.0 | ) |
| Purchases of Investment Securities                                                                                        |   | (13.0 | ) |   | — |  |   | (416.8 | ) |
| Sales of Investment Securities                                                                                            |   | 4.7 |  |   | 56.0 |  |   | 477.5 |  |
| Business Acquisitions, net of Cash Acquired                                                                               |   | (110.4 | ) |   | (765.9 | ) |   | (211.9 | ) |
| Grants Received for Capital Expenditures                                                                                  |   | 8.7 |  |   | — |  |   | — |  |
| Proceeds from Sale of Assets                                                                                              |   | 3.4 |  |   | 15.4 |  |   | 1.5 |  |
| Net Cash Used in Investing Activities                                                                                     |   | (197.6 | ) |   | (752.1 | ) |   | (194.7 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                     |   |   |   |   |   |   |
| Net Proceeds from the Sale of Common Stock                                                                                |   | 202.9 |  |   | — |  |   | — |  |
| Proceeds from Long-term Debt                                                                                              |   | — |  |   | 500.0 |  |   | — |  |
| Borrowings under Revolving Credit Facility                                                                                |   | 292.5 |  |   | 254.0 |  |   | — |  |
| Repayments under Revolving Credit Facility                                                                                |   | (301.5 | ) |   | (245.0 | ) |   | — |  |
| Net Repayments under Revolving Credit Facility                                                                            |   | — |  |   | — |  |   | (3.0 | ) |
| Proceeds from Short-term Borrowings                                                                                       |   | 41.2 |  |   | 24.0 |  |   | — |  |
| Repayments of Short-term Borrowings                                                                                       |   | (40.9 | ) |   | (22.1 | ) |   | — |  |
| Net Repayments of Short-term Borrowings                                                                                   |   | — |  |   | — |  |   | (8.5 | ) |
| Repayments of Long-term Debt                                                                                              |   | (90.3 | ) |   | (28.1 | ) |   | — |  |
| Repayments of Convertible Debt                                                                                            |   | — |  |   | — |  |   | (39.2 | ) |
| Dividends Paid to Shareholders                                                                                            |   | (30.8 | ) |   | (27.6 | ) |   | (25.1 | ) |
| Proceeds from the Exercise of Stock Options                                                                               |   | 4.2 |  |   | 1.9 |  |   | 3.8 |  |
| Excess Tax Benefits from Share-based Compensation                                                                         |   | 2.2 |  |   | 1.4 |  |   | 1.7 |  |
| Financing Fees Paid                                                                                                       |   | — |  |   | (2.8 | ) |   | — |  |
| Distribution to Noncontrolling Interests                                                                                  |   | (2.4 | ) |   | — |  |   | — |  |
| Net Cash Provided by (Used In) Financing Activities                                                                       |   | 77.1 |  |   | 455.7 |  |   | (70.3 | ) |
| EFFECT OF EXCHANGE RATES ON CASH                                                                                          |   | 1.5 |  |   | (0.8 | ) |   | 1.7 |  |
| Net increase (decrease) in Cash and Cash Equivalents                                                                      |   | 232.7 |  |   | (31.9 | ) |   | (87.9 | ) |
| Cash and Cash Equivalents at beginning of period                                                                          |   | 142.6 |  |   | 174.5 |  |   | 262.4 |  |
| Cash and Cash Equivalents at end of period                                                                                |   | $ | 375.3 |  |   | $ | 142.6 |  |   | $ | 174.5 |  |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                        |   |   |   |   |   |   |
| Cash paid during the year for :                                                                                           |   |   |   |   |   |   |
| Interest                                                                                                                  |   | $ | 43.8 |  |   | $ | 19.6 |  |   | $ | 20.1 |  |
| Income Taxes                                                                                                              |   | 63.9 |  |   | 61.0 |  |   | 74.5 |  |
| Non-cash Investing: Issuance of Common Stock in Connection with Acquisition                                               |   | — |  |   | 140.8 |  |   | — |  |

----

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |
|                               | December 29, 2012 |   | December 31, 2011 |
| Raw Material and Work In Process   | 43 | % |   | 38 | % |
| Finished Goods and Purchased Parts | 57 | % |   | 62 | % |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |
|                                          | December 29, 2012 |   | December 31, 2011 |
| Land and Improvements                         | $ | 76.2 |  |   | $ | 74.1 |  |
| Buildings and Improvements                    | 212.7 |  |   | 189.3 |  |
| Machinery and Equipment                       | 747.5 |  |   | 667.2 |  |
|   Property, Plant and Equipment     | 1,036.4 |  |   | 930.6 |  |
| Less: Accumulated Depreciation                | (463.3 | ) |   | (396.6 | ) |
|   Net Property, Plant and Equipment | $ | 573.1 |  |   | $ | 534.0 |  |

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
|                          | 2012 |   | 2011 |   | 2010 |
| Denominator for Basic EPS     | 41.8 |  |   | 39.7 |  |   | 38.2 |  |
| Effect of Dilutive Securities | 0.3 |  |   | 0.4 |  |   | 0.7 |  |
| Denominator for Diluted EPS   | 42.1 |  |   | 40.1 |  |   | 38.9 |  |

----

|                                                                                                         |
|---------------------------------------------------------------------------------------------------------|
|                                                                                                         |  |  |  |  |  |  |  |
|                                                                                                    | 2012 |   | 2011 |
| Translation Adjustments                                                                                 | $ | (6.0 | ) |   | $ | (20.0 | ) |
| Hedging Activities, net of tax of $(10.7) million in 2012 and $(31.1) million in 2011                   | (17.4 | ) |   | (50.8 | ) |
| Pension and Post Retirement Benefits, net of tax of $(25.7) million in 2012 and $(21.1) million in 2011 | (41.9 | ) |   | (34.4 | ) |
| Total                                                                                                   | $ | (65.3 | ) |   | $ | (105.2 | ) |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |
|                                      | As of August 22, 2011 |
| Current assets                            | $ | 367.8 |  |
| Property, plant and equipment             | 145.8 |  |
| Intangible assets subject to amortization | 155.1 |  |
| Goodwill                                  | 340.9 |  |
| Other assets                              | 0.3 |  |
| Total assets acquired                     | 1,009.9 |  |
| Current liabilities assumed               | (96.9 | ) |
| Long-term liabilities assumed             | (16.0 | ) |
| Net assets acquired                       | $ | 897.0 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |
|                                   | Fiscal 2011 | Fiscal 2010 |
| Pro forma net sales                    | $ | 3,342.7 |  | $ | 2,943.8 |  |
| Pro forma net income                   | 213.0 |  | 147.6 |  |
|                                   |   |   |
| Basic earnings per share as reported   | $ | 3.84 |  | $ | 3.91 |  |
| Pro forma basic earnings per share     | 5.13 |  | 3.59 |  |
|                                   |   |   |
| Diluted earnings per share as reported | $ | 3.79 |  | $ | 3.84 |  |
| Pro forma diluted earnings per share   | 5.08 |  | 3.54 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |
|                                   |   |   |   |   |   |
|                                   | Total |   | Electrical Segment |   | Mechanical Segment |
| Balance as of January 1, 2011          | $ | 775.7 |  |   | $ | 763.5 |  |   | $ | 12.2 |  |
| Acquisitions and valuation adjustments | 350.5 |  |   | 350.4 |  |   | 0.1 |  |
| Translation adjustments                | (8.6 | ) |   | (8.9 | ) |   | 0.3 |  |
| Balance as of December 31, 2011        | $ | 1,117.6 |  |   | $ | 1,105.0 |  |   | $ | 12.6 |  |
|                                   |   |   |   |   |   |
| Acquisitions and valuation adjustments | 25.9 |  |   | 2.7 |  |   | 23.2 |  |
| Translation adjustments                | 7.5 |  |   | 4.0 |  |   | 3.5 |  |
| Balance as of December 29, 2012        | $ | 1,151.0 |  |   | $ | 1,111.7 |  |   | $ | 39.3 |  |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            |   |   |   |   |   |   |   |   |   |
|                            | Useful Life (years) |   | December 31, 2011 |   | Acquisitions |   | Translation Adjustments |   | December 29, 2012 |
| Customer Relationships          | 3 - 14 |   | $ | 227.5 |  |   | $ | 16.2 |  |   | $ | 1.2 |  |   | $ | 244.9 |  |
| Technology                      | 3 - 9 |   | 128.2 |  |   | 1.7 |  |   | 0.4 |  |   | 130.3 |  |
| Trademarks                      | 3 - 20 |   | 30.9 |  |   | 1.6 |  |   | 0.2 |  |   | 32.7 |  |
| IPRD                            | N/A |   | 17.2 |  |   | — |  |   | — |  |   | 17.2 |  |
| Patent and Engineering Drawings | 10 |   | 16.6 |  |   | — |  |   | — |  |   | 16.6 |  |
| Non-compete Agreements          | 3 - 5 |   | 8.1 |  |   | 0.1 |  |   | — |  |   | 8.2 |  |
| Total Gross Intangibles         |   |   | $ | 428.5 |  |   | $ | 19.6 |  |   | $ | 1.8 |  |   | $ | 449.9 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   |   | December 31, 2011 |   | Amortization |   | Translation Adjustments |   | December 29, 2012 |
| Customer Relationships                 |   | $ | (56.4 | ) |   | $ | (22.0 | ) |   | $ | (0.3 | ) |   | $ | (78.7 | ) |
| Technology                             |   | (24.7 | ) |   | (17.0 | ) |   | (0.1 | ) |   | (41.8 | ) |
| Trademarks                             |   | (12.8 | ) |   | (2.8 | ) |   | (0.1 | ) |   | (15.7 | ) |
| Patent and Engineering Drawings        |   | (11.6 | ) |   | (1.7 | ) |   | — |  |   | (13.3 | ) |
| Non-compete Agreements                 |   | (6.7 | ) |   | (0.5 | ) |   | — |  |   | (7.2 | ) |
| Total Accumulated Amortization         |   | $ | (112.2 | ) |   | $ | (44.0 | ) |   | $ | (0.5 | ) |   | $ | (156.7 | ) |
| Intangible Assets, Net of Amortization |   | $ | 316.3 |  |   |   |   |   |   | $ | 293.2 |  |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |  |
|   |   |   | Estimated Amortization |
| Year   |   |   |
| 2013   |   |   | $ | 44.1 |  |
| 2014   |   |   | 42.8 |  |
| 2015   |   |   | 35.0 |  |
| 2016   |   |   | 30.8 |  |
| 2017   |   |   | 24.4 |  |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           |   | Electrical |   | Mechanical |   | Eliminations |   | Total |
| Fiscal 2012                    |   |   |   |   |   |   |   |   |
| External sales                 |   | $ | 2,870.2 |  |   | $ | 296.7 |  |   | $ | — |  |   | $ | 3,166.9 |  |
| Intersegment sales             |   | 3.5 |  |   | 3.9 |  |   | (7.4 | ) |   | — |  |
|   Total sales        |   | 2,873.7 |  |   | 300.6 |  |   | (7.4 | ) |   | 3,166.9 |  |
| Segment income from operations |   | 273.7 |  |   | 39.1 |  |   | — |  |   | 312.8 |  |
| Identifiable assets            |   | 3,323.6 |  |   | 245.5 |  |   | — |  |   | 3,569.1 |  |
| Depreciation and amortization  |   | 114.0 |  |   | 12.0 |  |   | — |  |   | 126.0 |  |
| Capital expenditures           |   | 82.2 |  |   | 8.8 |  |   | — |  |   | 91.0 |  |
| Fiscal 2011                    |   |   |   |   |   |   |   |   |
| External Sales                 |   | $ | 2,533.3 |  |   | $ | 275.0 |  |   | $ | — |  |   | $ | 2,808.3 |  |
| Intersegment sales             |   | 8.8 |  |   | 2.5 |  |   | (11.3 | ) |   | — |  |
|   Total sales        |   | 2,542.1 |  |   | 277.5 |  |   | (11.3 | ) |   | 2,808.3 |  |
| Segment income from operations |   | 222.6 |  |   | 33.1 |  |   | — |  |   | 255.7 |  |
| Identifiable assets            |   | 3,139.3 |  |   | 127.2 |  |   | — |  |   | 3,266.5 |  |
| Depreciation and amortization  |   | 92.0 |  |   | 6.2 |  |   | — |  |   | 98.2 |  |
| Capital expenditures           |   | 53.8 |  |   | 3.8 |  |   | — |  |   | 57.6 |  |
| Fiscal 2010                    |   |   |   |   |   |   |   |   |
| External sales                 |   | $ | 2,002.0 |  |   | $ | 236.0 |  |   | $ | — |  |   | $ | 2,238.0 |  |
| Intersegment sales             |   | 12.5 |  |   | 2.0 |  |   | (14.5 | ) |   | — |  |
|   Total sales        |   | 2,014.5 |  |   | 238.0 |  |   | (14.5 | ) |   | 2,238.0 |  |
| Segment income from operations |   | 210.2 |  |   | 27.6 |  |   | — |  |   | 237.8 |  |
| Identifiable assets            |   | 2,323.1 |  |   | 126.0 |  |   | — |  |   | 2,449.1 |  |
| Depreciation and amortization  |   | 66.8 |  |   | 6.1 |  |   | — |  |   | 72.9 |  |
| Capital expenditures           |   | 41.1 |   | 3.9 |  |   | — |  |   | 45.0 |  |

----

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                    |   |   |   | Net Sales |
|                    |   | 2012 |   | 2011 |   | 2010 |
| Geographic Information: |   |   |   |   |   |   |
| United States           |   | $ | 2,127.2 |  |   | $ | 1,798.2 |  |   | $ | 1,530.9 |  |
| Rest of the World       |   | 1,039.7 |  |   | 1,010.1 |  |   | 707.1 |  |
|                    |   |   |   | $ | 3,166.9 |  |   | $ | 2,808.3 |  |   | $ | 2,238.0 |  |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |
|                    | Long-lived Assets |
|                    | 2012 |   | 2011 |
| Geographic Information: |   |   |   |
| United States           | $ | 232.7 |  |   | $ | 211.4 |  |
| Mexico                  | 117.2 |  |   | 115.1 |  |
| China                   | 107.5 |  |   | 87.6 |  |
| Rest of the World       | 115.7 |  |   | 119.9 |  |
|                    | $ | 573.1 |  |   | $ | 534.0 |  |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |
|   |   | December 29, 2012 |   | December 31, 2011 |
|   |
|   | Senior Notes | $ | 750.0 |  |   | $ | 750.0 |  |
|   | Term Loan | 55.0 |  |   | 145.0 |  |
|   | Revolving Credit Facility | — |  |   | 9.0 |  |
|   | Other | 13.5 |  |   | 15.2 |  |
|   |   | 818.5 |  |   | 919.2 |  |
|   | Less: Current Maturities | (63.8 | ) |   | (10.0 | ) |
|   | Non-current Portion | $ | 754.7 |  |   | $ | 909.2 |  |

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |
|                       |   | Principal |   | Interest Rate |   | Maturity |
| Floating Rate Series 2007A |   | $ | 150.0 |  |   | Floating (1) |   | August 1, 2014 |
| Floating Rate Series 2007A |   | 100.0 |  |   | Floating (1) |   | August 1, 2017 |
| Fixed Rate Series 2011A    |   | 100.0 |  |   | 4.1% |   | July 1, 2018 |
| Fixed Rate Series 2011A    |   | 230.0 |  |   | 4.8 to 5.0% |   | July 1, 2021 |
| Fixed Rate Series 2011A    |   | 170.0 |  |   | 4.9 to 5.1% |   | July 1, 2023 |
|                       |   | $ | 750.0 |  |   |   |   |   |

|                                                                                                             |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                             |  |  |  |  |  |
| (1) Interest rates vary as LIBOR varies. At December 29, 2012, the interest rate was between 0.9% and 1.0%. |

|            |
|------------|
|            |  |  |  |  |  |  |  |  |
| Year       |   |   |   |   |   | Amount of Maturity |
| 2013       |   |   |   |   |   | $ | 63.8 |  |
| 2014       |   |   |   |   |   | 150.2 |  |
| 2015       |   |   |   |   |   | 0.2 |  |
| 2016       |   |   |   |   |   | 3.0 |  |
| 2017       |   |   |   |   |   | 100.3 |  |
| Thereafter |   |   |   |   |   | 501.0 |  |
| Total      |   |   |   |   |   | $ | 818.5 |  |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |
|               | Target |   | Actual Allocation |
|               | Allocation |   | Return |   | 2012 |   | 2011 |
| Equity investments | 73 | % |   | 8 - 11 % |  |   | 69 | % |   | 70 | % |
| Fixed income       | 17 | % |   | 3.5 - 4.5% |  |   | 23 | % |   | 22 | % |
| Other              | 10 | % |   | 6 - 8% |  |   | 8 | % |   | 8 | % |
| Total              | 100 | % |   | 8.0 | % |   | 100 | % |   | 100 | % |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |
|                                             | 2012 |   | 2011 |
| Change in projected benefit obligation:          |   |   |   |
| Obligation at beginning of period                | $ | 158.6 |  |   | $ | 147.2 |  |
| Service cost                                     | 2.5 |  |   | 2.5 |  |
| Interest cost                                    | 7.9 |  |   | 7.9 |  |
| Actuarial loss                                   | 19.1 |  |   | 7.3 |  |
| Plan amendments                                  | 0.1 |  |   | 0.1 |  |
| Benefits paid                                    | (7.3 | ) |   | (5.6 | ) |
| Curtailment gain                                 | — |  |   | (1.7 | ) |
| Foreign currency translation                     | 0.3 |  |   | (0.6 | ) |
| Acquisitions/other                               | — |  |   | 1.5 |  |
| Obligation at end of period:                     | $ | 181.2 |  |   | $ | 158.6 |  |
| Change in fair value of plan assets:             |   |   |   |
| Fair value of plan assets at beginning of period | 94.4 |  |   | 94.5 |  |
| Actual return on plan assets                     | 10.5 |  |   | (0.6 | ) |
| Employer contributions                           | 11.7 |  |   | 6.5 |  |
| Benefits paid                                    | (7.3 | ) |   | (5.6 | ) |
| Foreign currency translation                     | 0.2 |  |   | (0.4 | ) |
| Fair value of plan assets at end of period       | $ | 109.5 |  |   | $ | 94.4 |  |
| Funded status                                    | $ | (71.7 | ) |   | $ | (64.2 | ) |

----

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                               | December 29, 2012 |
|                                               | Total |   | Level 1 |   | Level 2 |   | Level 3 |
| Cash and cash equivalents                          | $ | 2.1 |  |   | $ | 2.1 |  |   | $ | — |  |   | $ | — |  |
| Common stocks                                      |   |   |   |   |   |   |   |
|     Domestic equities          | 16.5 |  |   | 16.5 |  |   | — |  |   | — |  |
|     International equities     | 6.8 |  |   | — |  |   | 6.8 |  |   | — |  |
| Common collective trust funds                      |   |   |   |   |   |   |   |
|     Fixed income funds         | 18.4 |  |   | — |  |   | 18.4 |  |   | — |  |
|     U.S. equity funds          | 23.1 |  |   | — |  |   | 23.1 |  |   | — |  |
|     International equity funds | 6.9 |  |   | — |  |   | 6.9 |  |   | — |  |
| Mutual funds                                       |   |   |   |   |   |   |   |
|     U.S. equity funds          | 11.9 |  |   | 11.9 |  |   | — |  |   | — |  |
|     Balanced funds             | 9.6 |  |   | 9.6 |  |   | — |  |   | — |  |
|     International equity funds | 5.0 |  |   | 5.0 |  |   | — |  |   | — |  |
| Other                                              | 9.2 |  |   | — |  |   | — |  |   | 9.2 |  |
| Total                                              | $ | 109.5 |  |   | $ | 45.1 |  |   | $ | 55.2 |  |   | $ | 9.2 |  |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                               | December 31, 2011 |
|                                               | Total |   | Level 1 |   | Level 2 |   | Level 3 |
| Cash and cash equivalents                          | $ | 1.7 |  |   | $ | 1.7 |  |   | $ | — |  |   | $ | — |  |
| Common stocks                                      |   |   |   |   |   |   |   |
|     Domestic equities          | 14.3 |  |   | 14.3 |  |   | — |  |   | — |  |
|     International equities     | 5.3 |  |   | — |  |   | 5.3 |  |   | — |  |
| Common collective trust funds                      |   |   |   |   |   |   |   |
|     Fixed income funds         | 18.8 |  |   | — |  |   | 18.8 |  |   | — |  |
|     U.S. equity funds          | 19.4 |  |   | — |  |   | 19.4 |  |   | — |  |
|     International equity funds | 6.5 |  |   | 6.5 |  |   | — |  |   | — |  |
| Mutual funds                                       |   |   |   |   |   |   |   |
|     U.S. equity funds          | 9.6 |  |   | 9.6 |  |   | — |  |   | — |  |
|     Balanced funds             | 4.2 |  |   | 4.2 |  |   | — |  |   |   |
|     International equity funds | 7.2 |  |   | 7.2 |  |   | — |  |   |   |
| Other                                              | 7.4 |  |   | — |  |   | — |  |   | 7.4 |  |
| Total                                              | $ | 94.4 |  |   | $ | 43.5 |  |   | 43.5 |  |   | $ | 7.4 |  |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |
|                    |   | December 29, 2012 |   | December 31, 2011 |
| Beginning balance       |   | $ | 7.4 |  |   | $ | — |  |
| Net purchases and sales |   | 0.9 |  |   | 7.5 |  |
| Net gains and losses    |   | 0.9 |  |   | (0.1 | ) |
| Ending balance          |   | $ | 9.2 |  |   | $ | 7.4 |  |

----

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |  |
|                                                       |   | 2012 |   | 2011 |
| Accrued compensation and employee benefits                 |   | $ | (2.5 | ) |   | $ | (3.6 | ) |
| Pension and other post retirement benefits                 |   | (69.2 | ) |   | (60.6 | ) |
|                                                       |   | $ | (71.7 | ) |   | $ | (64.2 | ) |
| Amounts recognized in Accumulated Other Comprehensive Loss |   |   |   |   |
| Net actuarial loss                                         |   | $ | 64.9 |  |   | 51.1 |  |
| Prior service cost                                         |   | 1.8 |  |   | 1.9 |  |
|                                                       |   | $ | 66.7 |  |   | $ | 53.0 |  |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |
|                                        | 2012 |   | 2011 |
| Discount rate                               | 3.5% to 4.5% |   | 4.4% to 5.3% |
| Expected long-term rate of return on assets | 8.0% |   | 8.25% |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                        |   | 2012 |   | 2011 |   | 2010 |
| Service cost                                                |   | $ | 2.5 |  |   | $ | 2.5 |  |   | $ | 2.1 |  |
| Interest cost                                               |   | 7.9 |  |   | 7.9 |  |   | 6.9 |  |
| Expected return on plan assets                              |   | (8.0 | ) |   | (7.3 | ) |   | (6.4 | ) |
| Amortization of net actuarial loss                          |   | 3.6 |  |   | 3.2 |  |   | 2.4 |  |
| Amortization of prior service cost                          |   | 0.2 |  |   | 0.2 |  |   | 0.4 |  |
| Curtailment gain                                            |   | — |  |   | (1.7 | ) |   | — |  |
| Net periodic benefit cost                                   |   | $ | 6.2 |  |   | $ | 4.8 |  |   | $ | 5.4 |  |
|                                                        |   |   |   |   |   |   |
| Change in benefit obligations recognized in OCI, net of tax |   |   |   |   |   |   |
|     Prior service credit                |   | $ | (0.3 | ) |   | $ | 0.2 |  |   | $ | 0.1 |  |
|     Net gain                            |   | 3.6 |  |   | 3.7 |  |   | 2.2 |  |
| Total recognized in OCI                                     |   | $ | 3.3 |  |   | $ | 3.9 |  |   | $ | 2.3 |  |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |
|                                        |   | 2012 |   | 2011 |   | 2010 |
| Discount rate                               |   | 4.4% to 5.3% |   | 5.2% to 5.9% |   | 5.7% to 6.3% |
| Expected long-term rate of return on assets |   | 8.25 | % |   | 8.25 | % |   | 8.25 | % |

|             |
|-------------|
|             |  |  |  |  |
|        |   | Expected Payments |
| Year        |   |
| 2013        |   | $ | 7.9 |  |
| 2014        |   | 8.2 |  |
| 2015        |   | 8.9 |  |
| 2016        |   | 9.3 |  |
| 2017        |   | 9.8 |  |
| 2018 - 2022 |   | 58.0 |  |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |
|                                            | 2012 |   | 2011 |   | 2010 |
| Per share weighted average fair value of grants | $ | 22.45 |  |   | $ | 25.80 |  |   | $ | 22.62 |  |
| Risk-free interest rate                         | 1.3 | % |   | 2.3 | % |   | 2.8 | % |
| Expected life (years)                           | 7.0 |  |   | 7.0 |  |   | 7.0 |  |
| Expected volatility                             | 37.6 | % |   | 35.6 | % |   | 34.8 | % |
| Expected dividend yield                         | 1.2 | % |   | 1.0 | % |   | 1.1 | % |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |  |
| Number of Shares Under Option    | Shares |   | Weighted Average Exercise Price |   | Weighted Average Remaining Contractual Term (years) |   | Aggregate Intrinsic Value (in millions) |
| Outstanding at December 31, 2011 | 1,747,255 |  |   | $ | 49.94 |  |   |   |   |   |
| Granted                          | 255,225 |  |   | 63.56 |  |   |   |   |   |
| Exercised                        | (403,765 | ) |   | 41.14 |  |   |   |   |   |
| Forfeited                        | (30,290 | ) |   | 56.79 |  |   |   |   |   |
| Outstanding at December 29, 2012 | 1,568,425 |  |   | 54.02 |  |   | 6.6 |   | $ | 23.9 |  |
| Exercisable at December 29, 2012 | 654,810 |  |   | 42.00 |  |   | 4.5 |   | 17.5 |  |

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | 2012 |   | 2011 |   | 2010 |
| Total intrinsic value of share-based incentive awards exercised |   | $ | 11.1 |  |   | $ | 2.9 |  |   | $ | 7.4 |  |
| Cash received from stock option exercises                       |   | 4.2 |  |   | 1.9 |  |   | 3.8 |  |
| Income tax benefit from the exercise of stock options           |   | 2.2 |  |   | 1.4 |  |   | 1.7 |  |
| Total fair value of share-based incentive awards vested         |   | 6.6 |  |   | 13.3 |  |   | 7.0 |  |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |
|                                          |   | Shares |   | Weighted Average Fair Value at Grant Date |
| Restricted stock balance at December 31, 2011 |   | 138,330 |  |   | $ | 60.67 |  |
| Granted                                       |   | 95,916 |  |   | 63.72 |  |
| Vested                                        |   | (32,720 | ) |   | 43.73 |  |
| Forfeited                                     |   | (1,585 | ) |   | 58.04 |  |
| Restricted stock balance at December 29, 2012 |   | 199,941 |  |   | $ | 64.92 |  |

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |
|          |   | 2012 |   | 2011 |   | 2010 |
| United States |   | $ | 121.3 |  |   | $ | 137.0 |  |   | $ | 170.5 |  |
| Foreign       |   | 148.6 |  |   | 89.3 |  |   | 50.2 |  |
| Total         |   | $ | 269.9 |  |   | $ | 226.3 |  |   | $ | 220.7 |  |

|          |
|----------|
|          |  |  |  |  |  |  |  |  |  |  |  |  |
|     |   | 2012 |   | 2011 |   | 2010 |
| Current  |   |   |   |   |   |   |
| Federal  |   | $ | 24.5 |  |   | $ | 41.6 |  |   | $ | 44.7 |  |
| State    |   | 7.2 |  |   | 5.7 |  |   | 6.3 |  |
| Foreign  |   | 31.4 |  |   | 18.7 |  |   | 14.3 |  |
|     |   | 63.1 |  |   | 66.0 |  |   | 65.3 |  |
| Deferred |   | 6.5 |  |   | 2.3 |  |   | 0.7 |  |
| Total    |   | $ | 69.6 |  |   | $ | 68.3 |  |   | $ | 66.0 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |
|                                       |   | 2012 |   | 2011 |   | 2010 |
| Federal statutory rate                     |   | 35.0 |  % |   | 35.0 |  % |   | 35.0 |  % |
| State income taxes, net of federal benefit |   | 2.0 |  % |   | 1.7 |  % |   | 2.2 |  % |
| Domestic production activities deduction   |   | (1.0 | )% |   | (1.7 | )% |   | (1.0 | )% |
| Foreign rate differential                  |   | (11.4 | )% |   | (5.6 | )% |   | (3.9 | )% |
| Adjustments to tax accruals and reserves   |   | 0.5 |  % |   | 0.7 |  % |   | (0.9 | )% |
| Other, net                                 |   | 0.7 |  % |   | 0.1 |  % |   | (1.5 | )% |
| Effective tax rate                         |   | 25.8 |  % |   | 30.2 |  % |   | 29.9 |  % |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |
|                                             |   | December 29, 2012 |   | December 31, 2011 |
| Accrued employee benefits                        |   | $ | 43.1 |  |   | $ | 31.5 |  |
| Bad debt allowances                              |   | 1.0 |  |   | 2.9 |  |
| Warranty accruals                                |   | 5.7 |  |   | 6.7 |  |
| Inventory                                        |   | 9.3 |  |   | 6.9 |  |
| Accrued liabilities                              |   | 11.7 |  |   | 12.6 |  |
| Derivative instruments                           |   | 10.7 |  |   | 30.9 |  |
| Other                                            |   | 8.5 |  |   | 8.0 |  |
|     Deferred tax assets      |   | 90.0 |  |   | 99.5 |  |
| Property related                                 |   | (39.6 | ) |   | (37.4 | ) |
| Intangible items                                 |   | (133.7 | ) |   | (113.6 | ) |
|     Deferred tax liabilities |   | (173.3 | ) |   | (151.0 | ) |
| Net deferred tax liability                       |   | $ | (83.3 | ) |   | $ | (51.5 | ) |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |
| Unrecognized tax benefits, January 2, 2010        |   | $ | 6.6 |  |
| Gross increases from prior period tax positions   |   | 0.8 |  |
| Gross increases from current period tax positions |   | 0.1 |  |
| Settlements with taxing authorities               |   | — |  |
| Lapse of statute of limitations                   |   | (2.0 | ) |
| Unrecognized tax benefits, January 1, 2011        |   | $ | 5.5 |  |
| Gross increases from prior period tax positions   |   | 1.6 |  |
| Gross increases from current period tax positions |   | 0.2 |  |
| Settlements with taxing authorities               |   | (0.2 | ) |
| Lapse of statute of limitations                   |   | — |  |
| Unrecognized tax benefits, December 31, 2011      |   | $ | 7.1 |  |
| Gross increases from prior period tax positions   |   | 0.7 |  |
| Gross increases from current period tax positions |   | — |  |
| Settlements with taxing authorities               |   | (1.6 | ) |
| Lapse of statute of limitations                   |   | (0.5 | ) |
| Unrecognized tax benefits, December 29, 2012      |   | $ | 5.7 |  |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |
|                                            |   | December 29, 2012 |   | December 31, 2011 |
| Beginning balance                               |   | $ | 24.2 |  |   | $ | 12.8 |  |
|     Payments                |   | (33.4 | ) |   | (18.1 | ) |
|     Provisions              |   | 30.0 |  |   | 25.8 |  |
|     Acquisitions            |   | 0.1 |  |   | 3.9 |  |
|     Translation adjustments |   | — |  |   | (0.2 | ) |
| Ending balance                                  |   | $ | 20.9 |  |   | $ | 24.2 |  |

|            |
|------------|
|            |  |  |  |  |  |  |  |
| Year       |   | Expected Payments |
| 2013       |   | $ | 28.1 |  |
| 2014       |   | 21.7 |  |
| 2015       |   | 17.6 |  |
| 2016       |   | 13.7 |  |
| 2017       |   | 11.6 |  |
| Thereafter |   | 22.1 |  |

----

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |
|        |   | December 29, 2012 |   | December 31, 2011 |
|        |   |   |
| Copper      |   | $ | 132.8 |  |   | $ | 221.7 |  |
| Aluminum    |   | 8.5 |  |   | 13.2 |  |
| Natural Gas |   | — |  |   | 0.2 |  |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |
|              |   | December 29, 2012 |   | December 31, 2011 |
|              |   |   |
| Mexican Peso      |   | 174.8 |  |   | 237.5 |  |
| Chinese Renminbi  |   | 108.6 |  |   | 34.3 |  |
| Indian Rupee      |   | 37.4 |  |   | 37.0 |  |
| Thai Baht         |   | 17.3 |  |   | 6.3 |  |
| Australian Dollar |   | 7.1 |  |   | — |  |

----

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           |   | December 29, 2012 |
|                                           |   | Prepaid Expenses |   | Other Noncurrent Assets |   | Hedging Obligations (Current) |   | Hedging Obligations |
| Designated as hedging instruments:             |   |   |   |   |   |   |   |   |
|    Interest rate swap contracts |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 35.4 |  |
|    Foreign exchange contracts   |   | 6.8 |  |   | 2.3 |  |   | 4.6 |  |   | 0.3 |  |
|    Commodity contracts          |   | 3.6 |  |   | 0.2 |  |   | 1.2 |  |   | — |  |
| Not designated as hedging instruments:         |   |   |   |   |   |   |   |   |
|    Commodity contracts          |   | 0.6 |  |   | — |  |   | 0.5 |  |   | — |  |
| Total Derivatives                              |   | $ | 11.0 |  |   | $ | 2.5 |  |   | $ | 6.3 |  |   | $ | 35.7 |  |

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           |   | December 31, 2011 |
|                                           |   | Prepaid Expenses |   | Other Noncurrent Assets |   | Hedging Obligations (Current) |   | Hedging Obligations |
| Designated as hedging instruments:             |   |   |   |   |   |   |   |   |
|    Interest rate swap contracts |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 42.0 |  |
|    Foreign exchange contracts   |   | 0.4 |  |   | 0.1 |  |   | 13.6 |  |   | 11.7 |  |
|    Commodity contracts          |   | 2.1 |  |   | 1.0 |  |   | 12.2 |  |   | 1.4 |  |
| Not designated as hedging instruments:         |   |   |   |   |   |   |   |   |
|    Foreign exchange contracts   |   | 0.1 |  |   | — |  |   | — |  |   | — |  |
|    Commodity contracts          |   | 0.2 |  |   | — |  |   | 0.3 |  |   | — |  |
| Total Derivatives                              |   | $ | 2.8 |  |   | $ | 1.1 |  |   | $ | 26.1 |  |   | $ | 55.1 |  |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | Fiscal 2012 |
|                                                         |   |   |   |   |   | Interest |   |   |
|                                                         |   | Commodity |   | Currency |   | Rate |   |   |
|                                                         |   | Forwards |   | Forwards |   | Swaps |   | Total |
| Gain (Loss) recognized in Other Comprehensive Income (Loss)  |   | $ | 8.5 |  |   | $ | 23.9 |  |   | $ | (5.7 | ) |   | $ | 26.7 |  |
| Amounts reclassified from Other Comprehensive Income (Loss): |   |   |   |   |   |   |   |   |
| Gain recognized in Net Sales                                 |   | — |  |   | (1.6 | ) |   | — |  |   | (1.6 | ) |
| Loss recognized in Cost of Sales                             |   | (9.7 | ) |   | (3.4 | ) |   | — |  |   | (13.1 | ) |
| Loss recognized in Interest Expense                          |   | — |  |   | — |  |   | (12.4 | ) |   | (12.4 | ) |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | Fiscal 2011 |
|                                                         |   |   |   |   |   | Interest |   |   |
|                                                         |   | Commodity |   | Currency |   | Rate |   |   |
|                                                         |   | Forwards |   | Forwards |   | Swaps |   | Total |
| Loss recognized in Other Comprehensive Income (Loss)         |   | $ | (29.4 | ) |   | $ | (26.7 | ) |   | $ | (16.0 | ) |   | $ | (72.1 | ) |
| Amounts reclassified from Other Comprehensive Income (Loss): |   |   |   |   |   |   |   |   |
| Gain recognized in Net Sales                                 |   | — |  |   | 0.2 |  |   | — |  |   | 0.2 |  |
| Gain recognized in Cost of Sales                             |   | 21.4 |  |   | 5.7 |  |   | — |  |   | 27.1 |  |
| Loss recognized in Interest Expense                          |   | — |  |   | — |  |   | (13.1 | ) |   | (13.1 | ) |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | Fiscal 2010 |
|                                                         |   |   |   |   |   | Interest |   |   |
|                                                         |   | Commodity |   | Currency |   | Rate |   |   |
|                                                         |   | Forwards |   | Forwards |   | Swaps |   | Total |
| Gain (Loss) recognized in Other Comprehensive Income (Loss)  |   | $ | 38.5 |  |   | $ | 11.1 |  |   | $ | (20.5 | ) |   | $ | 29.1 |  |
| Amounts reclassified from Other Comprehensive Income (Loss): |   |   |   |   |   |   |   |   |
| Gain (Loss) recognized in Cost of Sales                      |   | 10.1 |  |   | (2.7 | ) |   | — |  |   | 7.4 |  |
| Loss recognized in Interest Expense                          |   | — |  |   | — |  |   | (12.7 | ) |   | (12.7 | ) |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                             |   |   |   | Fiscal 2012 |
|                             |   |   |   | Commodity Forwards |   | Currency Forwards |   | Total |
| Gain recognized in Cost of Sales |   | $ | 0.1 |  |   | $ | — |  |   | $ | 0.1 |  |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                             |   |   |   | Fiscal 2011 |
|                             |   |   |   | Commodity Forwards |   | Currency Forwards |   | Total |
| Loss recognized in Cost of Sales |   | $ | — |  |   | $ | (0.1 | ) |   | $ | (0.1 | ) |

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    |   |   |   | Fiscal 2010 |
|                                    |   |   |   | Commodity Forwards |   | Currency Forwards |   | Total |
| Gain (Loss) recognized in Cost of Sales |   | $ | (0.6 | ) |   | $ | 0.2 |  |   | $ | (0.4 | ) |

----

|         |
|---------|
|         |  |  |  |  |  |  |
| Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities |
| Level 2 | Unadjusted quoted prices in active markets for similar assets or liabilities, or |
|    | Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or |
|    | Inputs other than quoted prices that are observable for the asset or liability |
| Level 3 | Unobservable inputs for the asset or liability |

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |
|                                                             | December 29, 2012 |   | December 31, 2011 |   |   |
|                                                             |   |   | Classification |
| Assets:                                                          |   |   |   |   |   |
|   Prepaid expenses and other current assets:           |   |   |   |   |   |
|      Derivative currency contracts      | $ | 6.8 |  |   | $ | 0.5 |  |   | Level 2 |
|      Derivative commodity contracts     | 4.2 |  |   | 2.6 |  |   | Level 2 |
|   Other noncurrent assets:                             |   |   |   |   |   |
| Assets Held in Rabbi Trust                                       | 2.6 |  |   | — |  |   | Level 1 |
|      Derivative currency contracts      | 2.3 |  |   | 0.1 |  |   | Level 2 |
|      Derivative commodity contracts     | 0.2 |  |   | 1.0 |  |   | Level 2 |
| Liabilities:                                                     |   |   |   |   |   |
|   Other accrued expenses:                              |   |   |   |   |   |
|      Deferred contingent purchase price | — |  |   | 2.0 |  |   | Level 3 |
|   Hedging obligations current:                         |   |   |   |   |   |
|      Derivative currency contracts      | 4.6 |  |   | 13.6 |  |   | Level 2 |
|      Derivative commodity contracts     | 1.7 |  |   | 12.5 |  |   | Level 2 |
|   Hedging obligations:                                 |   |   |   |   |   |
|      Interest rate swap                 | 35.4 |  |   | 42.0 |  |   | Level 2 |
|      Derivative currency contracts      | 0.3 |  |   | 11.7 |  |   | Level 2 |
|      Derivative commodity contracts     | — |  |   | 1.4 |  |   | Level 2 |
|   Other noncurrent liabilities:                        |   |   |   |   |   |
|      Deferred contingent purchase price | 21.1 |  |   | 21.5 |  |   | Level 3 |

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |
|              |   |   | Year Ended |
|              |   |   | December 29, 2012 |   | December 31, 2011 |
|              |   |   |   |
| Beginning balance |   | $ | 23.5 |  |   | $ | 11.0 |  |
| Expense           |   | 1.2 |  |   | — |  |
| Acquisitions      |   | 0.4 |  |   | 12.5 |  |
| Payments          |   | (4.0 | ) |   | — |  |
| Ending balance    |   | $ | 21.1 |  |   | $ | 23.5 |  |

----

----

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |
|   |   |   | Number of Securities to be Issued upon the Exercise of Outstanding Options, Warrants and Rights (1) |   | Weighted-average Exercise Price of Outstanding Options, Warrants and Rights |   | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in the column 1) (2) |
|   | Equity compensation plans approved by security holders |   | 1,568,425 |  |   | 54.02 |  |   | 990,971 |  |
|   | Equity compensation plans not approved by security holders |   | — |  |   | — |  |   | — |  |
|   | Total |   | 1,568,425 |  |   |   |   | 990,971 |  |
|   |   |   |   |   |   |   |   |
|   |   |   |   |   |   |   |   |
|   | (1) Represents options to purchase our Common Stock and stock-settled appreciation rights granted under our 1998 Stock Option Plan, 2003 Equity Incentive Stock Option Plan and 2007 Equity Incentive Plan. |
|   |
|   | (2) Excludes 199,941 shares of restricted Common Stock previously issued under our 2003 Equity Incentive Plan for which the restrictions have not lapsed. |
|   |

----

|     |                                                                                                                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a) |     1. Financial statements - The financial statements listed in the accompanying index to financial statements and financial statement schedule are filed as part of this Annual Report on Form 10‑K. |

|     |                              |
|-----|------------------------------|
| (b) | Exhibits- see Exhibit Index. |

----

|        |
|--------|
|        |  |  |
|   | REGAL BELOIT CORPORATION |
|   | By: | /s/ CHARLES A. HINRICHS |
|   |   | Charles A. Hinrichs |
|   |   | Vice President and Chief Financial Officer(Principal Financial Officer) |
|   |   |   |
|   | By: | /s/ PETER J. ROWLEY |
|   |   | Peter J. Rowley |
|   |   | Vice President and Corporate Controller(Principal Accounting Officer) |

----

|        |
|--------|
|        |  |  |  |
|   |   |   | Page(s) In |
|   |   |   | Form 10-K |
| (1)    | Financial Statements: |   |   |
|   | Report of Independent Registered Public Accounting Firm |   | 36 |
|   |   |   |   |
|   | Consolidated Statements of Income for the fiscal years ended |   |   |
|   |     December 29, 2012, December 31, 2011 and January 1, 2011 |   | 37 |
|   |   |   |   |
|   | Consolidated Statements of Comprehensive Income for the fiscal years ended December 29, 2012, December 31, 2011 and January 1, 2011 |   | 38 |
|   |   |   |   |
|   | Consolidated Balance Sheets at December 29, 2012 and December 31, 2011 |   | 39 |
|   |   |   |   |
|   | Consolidated Statements of  Equity for the fiscal years ended December 29, 2012, December 31, 2011 and January 1, 2011 |   | 40 |
|   |   |   |   |
|   | Consolidated Statements of Cash Flows for the fiscal years ended December 29, 2012, |   |   |
|   | December 31, 2011 and January 1, 2011 |   | 41 |
|   |   |   |   |
|   |  Notes to the Consolidated Financial Statements |   | 42 |
|   |   |   |   |
|   |   |   | Page(s) In |
|   |   |   | Form 10-K |
| (2)    | Financial Statement Schedule: |   |   |
|   | For the fiscal years ended December 29, 2012, December 31, 2011 and January 1, 2011 Schedule II -Valuation and Qualifying Accounts |   | 73 |

----

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                             |   | Balance Beginning of Year |   | Charged to Expenses |   | Deductions (a) |   | Adjustments (b) |   | Balance End of Year |
|                             |   | (Dollars in Millions) |
| Allowance for receivables:       |   |   |   |   |   |   |   |   |   |   |
|   Fiscal 2012          |   | $ | 13.6 |  |   | (1.3 | ) |   | (2.5 | ) |   | 0.4 |  |   | $ | 10.2 |  |
|   Fiscal 2011          |   | 10.6 |  |   | 3.8 |  |   | (1.4 | ) |   | 0.6 |  |   | 13.6 |  |
|   Fiscal 2010          |   | 12.7 |  |   | 1.1 |  |   | (3.6 | ) |   | 0.4 |  |   | 10.6 |  |
| Allowance for warranty reserves: |   |   |   |   |   |   |   |   |   |   |
|   Fiscal 2012          |   | $ | 24.2 |  |   | 30.0 |  |   | (33.4 | ) |   | 0.1 |  |   | $ | 20.9 |  |
|   Fiscal 2011          |   | 12.8 |  |   | 25.8 |  |   | (18.1 | ) |   | 3.7 |  |   | 24.2 |  |
|   Fiscal 2010          |   | 13.3 |  |   | 13.8 |  |   | (14.4 | ) |   | 0.1 |  |   | 12.8 |  |

----

|                |
|----------------|
|                |  |  |
| Exhibit Number |   | Exhibit Description |
| 2.1            |   | Asset and Stock Purchase Agreement, dated as of December 12, 2010, by and between Regal Beloit Corporation and A.O. Smith Corporation.  [Incorporated by reference to Exhibit 2.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on December 15, 2010] |
| 3.1            |   | Articles of Incorporation of Regal Beloit Corporation, as amended through April 20, 2007. [Incorporated by reference to Exhibit 3.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 3.2            |   | Amended and Restated Bylaws of Regal Beloit Corporation. [Incorporated by reference to Exhibit 3.2 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 4.1            |   | Articles of Incorporation, as amended, and Amended and Restated Bylaws of Regal Beloit Corporation [Incorporated by reference to Exhibits 3.1 and 3.2 hereto] |
| 4.2            |   | Credit Agreement, dated as of June 30, 2011, among Regal Beloit Corporation, the financial institutions party thereto, Bank of America, N.A., as syndication agent, Wells Fargo Bank, N.A., U.S. Bank National Association and Fifth Third Bank, as co-documentation agents, JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and joint book managers.  [Incorporated by reference to Exhibit 4.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on July 7, 2011 (File No. 001-07283)] |
| 4.3            |   | First Amendment, dated as of June 30, 2011, among Regal Beloit Corporation, the financial institutions party thereto, U.S. Bank National Association and Wells Fargo Bank, N.A., as co-documentation agents, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent, to Term Loan Agreement, dated as of June 16, 2008, among Regal Beloit Corporation, the financial institutions party thereto, U.S. Bank National Association and Wells Fargo Bank, N.A., as co-documentation agents, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent.  [Incorporated by reference to Exhibit 4.2 to Regal Beloit Corporation's Current Report on Form 8-K filed on July 7, 2011 (File No. 001-07283)] |
| 4.4            |   | Note Purchase Agreement, dated as of August 23, 2007, by and among Regal Beloit Corporation and Purchasers listed in Schedule A attached thereto. [Incorporated by reference to Exhibit 4.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on August 24, 2007 (File No. 001-07283)] |
| 4.5            |   | Subsidiary Guaranty Agreement, dated as of August 23, 2007, from certain subsidiaries of Regal Beloit Corporation. [Incorporated by reference to Exhibit 4.2 to Regal Beloit Corporation's Current Report on Form 8-K filed on August 24, 2007 (File No. 001-07283)] |
| 4.6            |   | Note Purchase Agreement, dated as of July 14, 2011, by and among Regal-Beloit Corporation and Purchasers listed in Schedule A attached thereto. [Incorporated by reference to Exhibit 4.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on July 20, 2011 (File No. 001-07283)] |
| 4.7            |   | Subsidiary Guaranty Agreement, dated as of July 14, 2011, from certain subsidiaries of Regal-Beloit Corporation [Incorporated by reference to Exhibit 4.2 to Regal Beloit Corporation's Current Report on Form 8-K filed on July 20, 2011 (File No. 001-07283)] |
| 4.8            |   | Term Loan Agreement, dated as of June 16, 2008, between Regal Beloit Corporation, various Financial Institutions, US Bank, National Association, Wells Fargo Bank, N.A., Bank of America, N.A., JP Morgan Chase Bank, N.A., JP Morgan Securities Inc. and Banc of America Securities LLC. [Incorporated by referenced to Exhibit 4.1 to Regal Beloit's Corporation's Current Report on Form 8-K filed on June 16, 2008 (File No. 001-2783)] |
| 10.1           |   | Shareholder Agreement, dated as of August 22, 2011, by and between Regal Beloit Corporation and A. O. Smith Corporation [Incorporated by reference to Exhibit 10.12 to Regal Beloit Corporation's Current Report on Form 8-K filed on August 25, 2011 (File No. 001-07283)] |
| 10.2*          |   | 1998 Stock Option Plan, as amended [Incorporated by reference to Exhibit 99 to Regal Beloit Corporation's Registration Statement on Form S-8 (Reg. No. 333-84779)] |
| 10.3*          |   | 2003 Equity Incentive Plan [Incorporated by reference to Exhibit B to Regal Beloit Corporation's Definitive Proxy Statement on Schedule 14A for the 2003 Annual Meeting of Shareholders (File No. 001-07283)] |
| 10.4*          |   | Regal Beloit Corporation 2007 Equity Incentive Plan (incorporated by reference to Appendix B to Regal Beloit Corporation's definitive proxy statement on Schedule 14A for the Regal Beloit Corporation 2007 annual meeting of shareholders held April 20, 2007 (File No. 1-07283)) |
| 10.5*          |   | Form of Key Executive Employment and Severance Agreement between Regal Beloit Corporation and Mark J. Gliebe. [Incorporated by reference to Exhibit 10.6 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 29, 2007 (File No. 001-07283)] |

----

|        |
|--------|
|        |  |  |
| 10.6*  |   | Form of Key Executive Employment and Severance Agreement between Regal Beloit Corporation and Terry R. Colvin. [Incorporated by reference to Exhibit 10.7 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 29, 2007 (File No. 001-07283)] |
| 10.7*  |   | Form of Key Executive Employment and Severance Agreement between Regal Beloit Corporation and each of Jonathan J. Schlemmer, Charles A Hinrichs, Peter C. Underwood and John M. Avampato.  [Incorporated by reference to Exhibit 10.1 to Regal Beloit Corporation's Current Report on Form 8-K filed on November 2, 2010 (File No. 001-07283)] |
| 10.8*  |   | Form of Agreement for Stock Option Grant. [Incorporated by reference to Exhibit 10.9 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 31, 2005 (File No. 001-07283)] |
| 10.9*  |   | Form of Restricted Stock Agreement.  [Incorporated by reference to Exhibit 10.10 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 31, 2005 (File No. 001-07283)] |
| 10.10* |   | Form of Restricted Stock Unit Award Agreement under the Regal Beloit Corporation 2003 Equity Incentive Plan. [Incorporated by reference to Exhibit 10.10 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 29, 2007 (File No. 001-07283)] |
| 10.11* |   | Form of Stock Option Award Agreement under the Regal Beloit Corporation 2007 Equity Incentive Plan. [Incorporated by reference to Exhibit 10.2 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 10.12* |   | Form of Restricted Stock Award Agreement under the Regal Beloit Corporation 2007 Equity Incentive Plan. [Incorporated by reference to Exhibit 10.3 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 10.13* |   | Form of Restricted Stock Unit Award Agreement under the Regal Beloit Corporation 2007 Equity Incentive Plan. [Incorporated by reference to Exhibit 10.4 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 10.14* |   | Form of Stock Appreciation Right Award Agreement under the Regal Beloit Corporation 2007 Equity Incentive Plan. [Incorporated by reference to Exhibit 10.5 to Regal Beloit Corporation's Current Report on Form 8-K filed on April 25, 2007 (File No. 001-07283)] |
| 10.15* |   | Target Supplemental Retirement Plan for designated Officers and Key Employees, as amended and restated.  [Incorporated by reference to Exhibit 10.2 to Regal Beloit Corporation's Current Report on Form 8-K dated November 2, 2010 (File No. 001-07283)] |
| 10.16* |   | Form of Participation Agreement for Target Supplemental Retirement Plan.  [Incorporated by reference to Exhibit 10.12 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 31, 2005 (File No. 001-07283)] |
| 10.17* |   | Regal Beloit Corporation Shareholder Value Added (SVA) Executive Officers Incentive Compensation Plan.  [Incorporated by reference to Exhibit 10.17 to Regal Beloit Corporation's Annual Report on Form 10-K for the year ended January 1, 2011 (File No. 001-07283)] |
| 12     |   | Computation of Ratio of Earnings to Fixed Charges. |
| 21     |   | Subsidiaries of Regal Beloit Corporation. |
| 23     |   | Consent of Independent Registered Public Accounting Firm. |
| 31.1   |   | Certificate of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2   |   | Certificate of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32     |   | Section 1350 Certifications of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 99.1   |   | Proxy Statement of Regal Beloit Corporation for the 2013 Annual Meeting of Shareholders. [The Proxy Statement for the 2013 Annual Meeting of Shareholders will be filed with the Securities and Exchange Commission under Regulation 14A within 120 days after the end of the Company's fiscal year.  Except to the extent specifically incorporated by reference, the Proxy Statement for the 2013 Annual Meeting of Shareholders shall not be deemed to be filed with the Securities and Exchange Commission as part of this Annual Report on Form 10-K.] |
| 101    |   | The following material from Regal Beloit Corporation's Annual Report on Form 10-K for the year ended December 29, 2012, formatted in XBRL (Extensible Business Reporting Language): (i) the  Consolidated Statements of Income, (ii) the Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Equity, (v) the Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements, furnished herewith. |