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February 2003

BRS announces the completion of a recapitalization of Remington Arms Company, Inc.

NEW YORK, February 12, 2003 - Bruckmann, Rosser, Sherrill & Co. ("BRS") announces the completion of a recapitalization of Remington Arms Company, Inc. ("Remington"), a portfolio company of Clayton, Dubilier & Rice, Inc. ("CD&R"). As part of the transaction, BRS invested $30 million and owns approximately 64% of the common equity. CD&R, which has owned Remington since December 1993, retained a significant stake in common equity and notes issued by Remington. Remington, which is headquartered in...