Masonite shareholders approve proposed acquisition by KKR

Masonite shareholders approve proposed acquisition by KKR 


TORONTO, March 31  /PRNewswire-FirstCall/ -- Masonite International Corporation
(TSX and NYSE: MHM) announces that its shareholders today approved the proposed
plan of arrangement pursuant to which Stile Acquisition Corp., an affiliate of
Kohlberg Kravis Roberts & Co. L.P. (KKR), will acquire Masonite for C$42.25
cash per share.

The transaction was approved by 91.9% of the votes cast by shareholders voting
at the meeting and by 91.8% of the votes cast by shareholders other than votes
in respect of shares held by members of senior management.

A hearing in respect of the Final Order on the plan of arrangement is scheduled
for tomorrow, April 1, 2005 at 10:00 a.m. (Toronto time) in the Ontario
Superior Court of Justice. Subject to obtaining the Final Order and
satisfaction of all conditions to closing, the arrangement is expected to close
on April 5, 2005.

Masonite is a unique, integrated, global building products company with its
corporate headquarters in Mississauga, Ontario and its international
administrative offices in Tampa, Florida. It operates over 75 facilities in 16
countries in North America, South America, Europe, Asia and Africa and has
approximately 14,000 employees. The company sells its products to customers in
over 50 countries. For more information, visit http://www.masonite.com/.

KKR is one of the world's oldest and most experienced private equity firms,
with offices in New York, Menlo Park, California and London, England. Over the
past twenty eight years, KKR has invested in more than 115 transactions with a
total value of US$138 billion. For more information, visit http://www.kkr.com/.


DATASOURCE: Masonite International Corporation



CONTACT: John F. Ambruz, Executive, Vice-President,

Strategic Development, Masonite International Corporation,

Telephone: [phone]

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