Jacuzzi Brands, Inc. Stockholders Approve Merger with Apollo Management, L.P.

  
    
  
  
    
      Jacuzzi Brands, Inc. (NYSE: JJZ) today announced that at the 
      Company’s Annual Meeting of Stockholders held 
      today, Jacuzzi Brands stockholders approved the adoption of the merger 
      agreement with affiliates of Apollo Management, L.P.
    
    
      “We are pleased with the outcome of today’s 
      vote,” said Thomas B. Waldin, Chairman of 
      Jacuzzi Brands. “We believe that our merger 
      with Apollo is the best outcome for our stockholders, our employees and 
      the future of Jacuzzi Brands. On behalf of Jacuzzi Brands’ 
      Board of Directors, I want to thank our stockholders and hard-working 
      employees for their support throughout this process. We look forward to 
      completing this transaction with Apollo as quickly as possible and we 
      anticipate a smooth transition.”
    
    
      Larry Berg of Apollo added, “We are very 
      excited about the transaction and look forward to a smooth transition 
      and working with the strong management team at Jacuzzi.”
    
    
      The transaction is expected to close in early to mid-February 2007. All 
      required regulatory approvals for the merger have been obtained, 
      including early termination under the Hart-Scott-Rodino Antitrust 
      Improvements Act of 1976, as amended.
    
    
      As previously announced, on October 11, 2006, Jacuzzi Brands, Inc. and 
      affiliates of Apollo Management, L.P. entered into a definitive merger 
      agreement, pursuant to which Apollo would acquire all of the outstanding 
      common stock of Jacuzzi Brands for $12.50 per share in cash and assume 
      all outstanding debt, valuing the total transaction at approximately 
      $1.25 billion.
    
    
      About Jacuzzi Brands
    
    
      Jacuzzi Brands, Inc., through its subsidiaries, is a global manufacturer 
      and distributor of branded bath and plumbing products for the 
      residential, commercial and institutional markets. These include 
      whirlpool baths, spas, showers, sanitary ware and bathtubs, as well as 
      professional grade drainage, water control, commercial faucets and other 
      plumbing products. Our products are marketed under our portfolio of 
      brand names, including JACUZZI®, SUNDANCE®, 
      ZURN®, and ASTRACAST®. 
      Learn more at www.jacuzzibrands.com.
    
    
      Disclosure Concerning 
      Forward-Looking Statements
    
    
      Any forward-looking statements made within this release, including 
      Jacuzzi’s current expectations with respect 
      to the completion of the proposed transaction, represent management’s 
      best judgment as to what may occur in the future and are intended to 
      fall within the meaning of the Private Securities Litigation Reform Act 
      of 1995. Words such as “expects,” 
      “intends,” “plans,” 
      “projects,” “believes,” 
      “estimates,” “may,” 
      “will,” “should,” 
      “shall,” and 
      similar expressions typically identify such forward-looking statements. 
      Even though Jacuzzi believes the expectations reflected in such 
      forward-looking statements are based on reasonable assumptions, it can 
      give no assurance that its expectations will be attained. In particular, 
      factors contained in Jacuzzi’s filings with 
      the Securities and Exchange Commission could cause our future 
      expectations to differ materially from those expressed in this press 
      release.