Jacuzzi Brands, Inc.

West Palm Beach, FL: In an attempt to settle four putative stockholder class action lawsuits related to the Company's proposed merger with Apollo Management L.P., Jacuzzi Brands announced that it had reached an agreement. The terms of the new agreement would entail that the merger agreement would be amended to suit the plaintiffs' concerns. The agreement also included that the plaintiffs may seek an award from the court of attorneys' fees and expenses in an amount not to exceed $725,000 if the merger is consummated. As previously announced on October 11, 2006, Jacuzzi Brands, Inc. and affiliates of Apollo entered into a definitive merger agreement, pursuant to which Apollo would acquire all of the outstanding common stock of Jacuzzi Brands, closing the take over at approximately $1.25 billion. The transaction is subject to Jacuzzi Brands stockholder approval and other standard procedures and is expected to close in early to mid-February 2007. (Jan-22-07) [BUSINESS WIRE: JACUZZI MERGER]