July 1, 2008

Thermadyne Holdings Corporation Announces Appointment of Cary A. Levitt As Vice President – General Counsel

ST. LOUIS, July 1, 2008 (PRIME NEWSWIRE) -- Thermadyne Holdings Corporation (Nasdaq:THMD) announced today the appointment of Cary A. Levitt as its Vice President - General Counsel.

Mr. Levitt was formerly employed by iCrete, LLC, a privately held company specializing in the licensing of technology to the building materials industry, where he served as the Senior Vice President - General Counsel. Cary also has seventeen years of experience as counsel with the DuPont Company, including four years as Vice President - General Counsel of Solae, a DuPont affiliate based in St. Louis, where Cary was responsible for global legal and compliance services.

"Cary has extensive experience in all facets of legal practice and management. He has a history of achieving results and working as a close partner with the executive leadership team. I am confident Cary's experience will contribute to the growing success of Thermadyne. We are very pleased to welcome him to the company and our leadership team," stated Paul D. Melnuk, Chairman and Chief Executive Officer.

About Thermadyne

Thermadyne, headquartered in St. Louis, Missouri, is a leading global manufacturer and marketer of metal cutting and welding products and accessories under a variety of leading premium brand names including Victor(r), Tweco(r) / Arcair(r), Thermal Dynamics(r), Thermal Arc(r), Stoody(r), TurboTorch(r), Firepower(r) and Cigweld(r). Its common shares trade on the NASDAQ under the symbol THMD. For more information about Thermadyne, its products and services, visit the Company's web site at www.Thermadyne.com.

Thermadyne Holdings Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4937

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. These risks and factors are set forth in documents the Company files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K and other reports it files from time to time.

This news release was distributed by PrimeNewswire, www.primenewswire.com

 CONTACT: Thermadyne Holdings Corporation          Lou Brummet          636.728.3031