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Jarden Sees No Material Exposure
to Lehman Brothers and AIG

Coleman parent company says it intends to replace Lehman Brothers as Administrative Agent

Jarden Corporation Press Release

FlashlightNews.org - 9/17/2008
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Coleman Mini LED Lantern

Coleman Mini LED Lantern

RYE, N.Y. - Jarden Corporation (NYSE: JAH) today commented on recent developments in the financial services sector and the actions it has taken to alleviate any potential impact to the Company.

Jarden determined to partially draw down on its previously undrawn revolver last Friday, although it has no current need for the liquidity. In addition, the Company intends to replace Lehman Brothers as Administrative Agent on its credit facilities pursuant to the terms of the credit agreement. Lehman Brothers provides less than ten percent of Jarden's revolving credit facility. Jarden has no material financial exposures to Lehman Brothers and, while AIG is not one of Jarden's first tier insurance carriers, the Company has reviewed the lower tier coverage provided by AIG to confirm it has no material financial exposures at this level.

Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation said. "One of Jarden's core strengths is its fiscal conservatism and our belief in diversification and robust risk management practices. Our early action and contingency planning is designed to protect our businesses from the impact of macro events such as the recent developments in the financial services sector."

About Jarden Corporation

Jarden Corporation is a leading provider of niche consumer products. Jarden operates in three primary business segments through a number of well recognized brands, including: Outdoor Solutions: Abu Garcia®, Berkley®, Campingaz® and Coleman®, Fenwick®, Gulp!®, JT®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, and Volkl®; Consumer Solutions: Bionaire®, Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, Kerr®, Lehigh®, Leslie-Locke®, Loew Cornell® and Pine Mountain®. Headquartered in Rye, N.Y., Jarden has over 25,000 employees worldwide.

For more information, please visit www.jarden.com.

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