Newell Rubbermaid Announces
Exchange Offer for Convertible Notes
ATLANTA, August 17, 2010 – Newell Rubbermaid (NYSE: NWL) today announced that it has commenced
an offer to exchange newly issued shares of its common stock and cash for any and all of its 5.50% convertible
senior notes due 2014. There is currently $345 million aggregate principal amount of convertible notes
outstanding. This transaction is part of the company’s Capital Structure Optimization Plan announced August 2.
The offer is being made pursuant to an Offer to Exchange dated today (the “Offer to Exchange”) and related
Letter of Transmittal, which set forth a complete description of the terms of the offer. Holders of the convertible
notes are urged to read the Offer to Exchange and the related Letter of Transmittal carefully before making any
decision with respect to the offer.
For each $1,000 principal amount of convertible notes validly tendered, the holder will receive the following:
The offer is scheduled to expire at 11:59 p.m., New York City time, on September 14, 2010, unless extended.
Tendered convertible notes may be withdrawn at any time at or before, but not after, such time. Newell
Rubbermaid expects the settlement date to occur on the next business day following the expiration of the offer.
Newell Rubbermaid has retained Global Bondholder Services Corporation to serve as the exchange agent and
information agent for the offer.
Requests for documents may be directed to Global Bondholder Services Corporation by telephone at
(866) 937-2200 or (212) 430-3774 or in writing at 65 Broadway — Suite 404, New York, New York 10006.
The offer is being made to holders of convertible notes in reliance upon the exemption from the registration
requirements of the Securities Act of 1933, as amended, provided by Section 3(a)(9) of the Act. This press
release is neither an offer to exchange nor a solicitation of an offer to exchange any securities. The offer is being
made only by and pursuant to the terms of