Hill-Rom Reports Fourth Quarter Revenue Growth of 14.1 Percent to $424 Million and Adjusted Earnings Per Fully Diluted Share From Continuing Operations of $0.58, an Increase of 52.6 Percent From the ...(ons - 2007 ...)

Pre- Income Diluted Pre- Income Diluted

tax Taxes EPS tax Taxes EPS

Year-to-Date

Income from continuing

operations - GAAP $92.3 $25.2 $1.07 $106.2 $35.8 $1.13

Adjustments:

Antitrust litigation - - - 1.2 0.4 0.01

Special charges 22.8 8.9 0.22 (1.4) (0.3) (0.02)

Stock modification charge 5.8 2.1 0.06 - - -

Loss on extinguishment of

debt 3.2 1.2 0.03 - - -

Separation costs 1.6 0.4 0.02 0.6 0.1 0.01

Income from continuing

operations - Adjusted $125.7 $37.8 $1.40 $106.6 $36.0 $1.13

Note: Certain per share amounts may not accurately add due to rounding.

Note: Earnings in the above presentation of adjusted income from

continuing operations have not been adjusted to remove the effects of

discrete period tax adjustments recognized in any of the periods

presented. Discrete period tax adjustments are routinely recognized

throughout any given year under a variety of circumstances and are highly

subjective in nature. For fiscal year 2008, discrete tax benefits totaled

$8.3 million ($0.13 per share), $7.8 million ($0.12 per share) of which

was recognized in the third fiscal quarter, principally associated with

the release of valuation allowances on foreign tax credit carryforwards

and the recognition of certain previously unrecognized tax benefits

associated with recently completed tax audits. Discrete adjustments in the

prior year comparable periods were much less significant.

Selected Summary Balance Sheet Schedule

09/30/2008 06/30/2008

Assets

Current Ass
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