Original--February 9, 1978 (Amended January 30, 2008)

Overview
It is the policy of LaBarge, Inc. (the "Company") that its employees - including its officers - and its directors maintain the highest ethical standards in their conduct of Company affairs. The purpose of this Policy on Business Conduct & Ethics (this "Policy") is to deter wrongdoing and to promote:

• Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships,
• Full, fair, accurate, timely, and understandable disclosure in reports and documents that the Company files with, or submits to, the Securities and Exchange Commission (the "SEC") and in other public communications by the Company,
• Compliance with applicable American Stock Exchange and governmental laws, rules and regulations,
• The prompt internal reporting of violations of this Policy to an appropriate person within the Company, and
• Accountability for adherence to this Policy.

This Policy applies to every Company employee - including officers of the Company - and each member of the Company's Board of Directors.

Compliance with Laws, Regulations and Government Authorities

Compliance with Company Policies

Political Contributions

Conflict of Interest

Corporate Opportunities

Fair Dealing

Outside Inquiries and Requests for Information

Entertainment, Gifts, Favors and Gratuities to an Employee

Gratuities by the Company

Inside Information and Securities Transactions; Confidentiality

Proper Accounting and Use of Funds and Assets

Discovery of Violations

Whistleblower Protections - Protection for Employees

Effect of Violations

Compliance with this Policy and Compliance Program

Waivers of this Policy