Hillenbrand Industries Announces Formal Board Approval of Separation by Means of Share Distribution and Details for ...(held bythem on the record date. No actio...),Health

Date:3/17/2008

held by them on the record date. No action is required of Hillenbrand Industries shareholders to receive their shares in new Hillenbrand, Inc. Promptly following the record date, an information statement describing the business and management of Hillenbrand, Inc. (Batesville Holdings) and details regarding the distribution will be mailed to Hillenbrand Industries shareholders as of the record date.

"We are pleased to be completing these final steps toward the separation," said Peter H. Soderberg, president and CEO of Hillenbrand Industries and Hill- Rom. "Our Board and our management believe that separation of the two companies is the best way to unlock value and allow each company to focus on accelerating growth in their respective industries."

"Ex-Distribution" and "When Issued" public market announced

Hillenbrand Industries and Batesville Holdings have been advised that an "ex-distribution" public market for Hill-Rom Holdings common stock and a "when issued" public market for Hillenbrand, Inc. common stock will begin March 19, 2008, on the NYSE and continue through the distribution date. Shares of Hill- Rom Holdings common stock that trade in the "ex-distribution" market will trade without an entitlement to receive shares of Hillenbrand, Inc. (Batesville Holdings) common stock in the distribution. Hillenbrand Industries common stock will remain outstanding and will continue to trade "regular way" on the NYSE under the symbol "HB" until end of day March 31, 2008. Beginning on April 1, 2008, and in connection with Hillenbrand Industries' name change to Hill-Rom Holdings, Hillenbrand Industries will change its trading symbol from "HB" to "HRC".

Any holder of Hillenbrand Industries common stock who sells shares of Hillenbrand Industries in the "regular way" market on or before the distribution date will also be selling the right to receive shares of Hillenbrand, Inc. (Batesville Holdings) common stock in the spin-off. Holders of Hillenbra
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SOURCE Hillenbrand Industries, Inc. Copyright©2008 PR Newswire. All rights reserved

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