Mueller Water Products Calls for Partial Redemption of Its 8.75% Senior Unsecured Notes

Wed Jan 23, 2013 9:45am EST

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ATLANTA, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE:MWA) announced today
that it has delivered a notice to exercise the option to redeem 10% of its 8.75% senior unsecured
notes due 2020 (the "Notes"), CUSIP No. 624758 AD0. The notice is for redemption of $22.5 million
aggregate principal amount of the $202.5 million principal amount owed on the Notes. The
redemption price is 103% of the principal amount redeemed, plus accrued and unpaid interest. The
redemption date will be February 22, 2013.

Forward-Looking Information

This press release contains certain statements that may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that
address activities, events or developments that we intend, expect, plan, project, believe or
anticipate will or may occur in the future are forward-looking statements. Examples of
forward-looking statements include, but are not limited to, statements we make regarding our
intention to redeem the Notes. Forward-looking statements are based on certain assumptions and
assessments made by us in light of our experience and perception of historical trends, current
conditions and expected future developments. Actual results and timing of events may differ
materially from those contemplated by the forward-looking statements due to a number of factors,
including regional, national or global political, economic, business, competitive, market and
regulatory conditions and the other factors that are described in the section entitled "RISK
FACTORS" in Item 1A of our most recently filed Annual Report on Form 10-K. Undue reliance should
not be placed on any forward-looking statements. We do not have any intention or obligation to
update forward-looking statements, except as required by law.

About Mueller Water Products, Inc. 

Mueller Water Products, Inc. (NYSE:MWA) is a leading manufacturer and marketer of products and
services used in the transmission, distribution and measurement of water. Our broad portfolio
includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe
condition assessment. We help municipalities increase operational efficiencies, improve customer
service and prioritize capital spending, demonstrating why Mueller Water Products is Where
Intelligence Meets Infrastructure. The piping component systems produced by Anvil help build
connections that last in commercial, industrial and oil & gas applications. Visit us at
www.muellerwaterproducts.com
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.

CONTACT: Investor Contact: Martie Edmunds Zakas
         Sr. Vice President - Strategy, Corporate Development
         & Communications
         770-206-4237
         mzakas@muellerwp.com
         
         Media Contact: John Pensec
         Sr. Director - Corporate Communications & Public Affairs
         770-206-4240
         jpensec@muellerwp.com