Spectrum Brands Receives Strong Noteholder Support for Plan of Reorganization

ATLANTA--(Business Wire)--
Spectrum Brands today announced that unofficial results of the vote on the
company's Plan of Reorganization demonstrate the strong support of its public
noteholders for the Plan, who comprise the only class of claims designated as
impaired under the Plan. More than 90 percent in number of noteholders voting,
who also represent more than 90 percent of the principal amount of notes voted,
cast ballots in favor of the Plan. The final voting results for the Plan will be
filed with the Bankruptcy Court in advance of the confirmation hearing.

Kent Hussey, Chief Executive Officer of Spectrum Brands, said: "Today marks a
significant milestone in our pre-negotiated debt restructuring process. We are
pleased to have the strong support of our noteholders and appreciate the
continued loyalty of our business partners, suppliers, customers and employees
as we move through this process, from which we expect to emerge with a stronger
balance sheet and better positioned to pursue revenue and profit growth
opportunities."

The company also received the unofficial results of the vote of its senior term
lenders, whose votes, as previously announced, may or may not be required for
approval of the Plan. This determination will be made at the confirmation
hearing, which is scheduled to begin June 15. The senior term lenders, who
continue to oppose the reinstatement of their claims, voted against the Plan. In
addition, a committee of equity holders is contesting the Plan's extinguishment
of the company's outstanding common stock.

On April 15, 2009, Spectrum Brands received court approval of its Disclosure
Statement and the authorization to solicit votes from its public noteholders and
senior term lenders on the Plan. Voting on the Plan ended May 29, 2009.

Spectrum Brands believes that the Plan satisfies the requirements of the
Bankruptcy Code and is hopeful that it will be confirmed by the Bankruptcy
Court. If the plan is confirmed, Spectrum Brands expects to emerge from Chapter
11 by late summer.

Additional information about the restructuring is available on the Company`s web
site at www.spectrumbrands.com.

Certain matters discussed in this news release, with the exception of historical
matters, may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are subject to a
number of risks and uncertainties that could cause results to differ materially
from those anticipated as of the date of this release.Actual results may differ
materially as a result of (1) risks that the bankruptcy filing and the related
cases disrupt current plans and operations; (2) risks that the Company's
businesses could suffer from the loss of key customers, suppliers or personnel
during the pendency of the bankruptcy cases, (3) risks that the Company will be
able to maintain sufficient liquidity for the pendency of the bankruptcy cases,
(4) risks that the Bankruptcy Court will not timely confirm the Plan, if at all,
(5) risks that, if the Plan is confirmed, the Company will be able to satisfy
the conditions to consummation of the Plan, including, without limitation,
obtaining sufficient exit financing, (6) risks that changes and developments in
external competitive market factors, such as introduction of new product
features or technological developments, development of new competitors or
competitive brands or competitive promotional activity or spending, (7) changes
in consumer demand for the various types of products the Company offers, (8)
unfavorable developments in the global credit markets, (9) the impact of overall
economic conditions on consumer spending, (10) fluctuations in commodities
prices, the costs or availability of raw materials or terms and conditions
available from suppliers, (11) changes in the general economic conditions in
countries and regions where the Company does business, such as stock market
prices, interest rates, currency exchange rates, inflation and consumer
spending, (12) the Company`s ability to successfully implement manufacturing,
distribution and other cost efficiencies and to continue to benefit from its
cost-cutting initiatives, (13) unfavorable weather conditions and various other
risks and uncertainties, including those discussed herein and those set forth in
the Company`s securities filings, including the most recently filed Annual
Report on Form 10-K or Quarterly Report on Form 10-Q.The Company also cautions
the reader that its estimates of trends, market share, retail consumption of its
products and reasons for changes in such consumption are based solely on limited
data available to Spectrum Brands and management`s reasonable assumptions about
market conditions, and consequently may be inaccurate, or may not reflect
significant segments of the retail market.

The Company also cautions the reader that undue reliance should not be placed on
any forward-looking statements, which speak only as of the date of this
release.The Company undertakes no duty or responsibility to update any of these
forward-looking statements to reflect events or circumstances after the date of
this report or to reflect actual outcomes.

About Spectrum Brands

Spectrum Brands is a global consumer products company and a leading supplier of
consumer Batteries, specialty pet supplies, shaving and grooming products,
household and lawn insect and pest control products, personal care products and
portable lighting. Spectrum Brands' products are sold by the world's top 25
retailers and are available in more than one million stores in more than 120
countries around the world.

Spectrum Brands
Investors:
Carey Phelps, 866-338-2415
DVP Investor Relations & Corporate Communications
or
Media:
Kekst and Company for Spectrum Brands
Michael Freitag or Victoria Weld, 212-521-4800

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