Hillenbrand Industries Announces Formal Board Approval of Separation by Means of Share Distribution and Details for ...(nd Industries common stock are encourage...),Health

Currently, there is no public market for Hillenbrand, Inc. (Batesville Holdings) common stock. Hillenbrand, Inc. common stock has been approved for listing on the NYSE under the symbol "HI." The company anticipates that trading in Hillenbrand, Inc. common stock will commence on a "when issued" basis March 19, 2008. Trading on a "when issued" basis means that investors may purchase and sell shares of Hillenbrand, Inc. common stock up to and through the distribution date, but these transactions will not settle until after the distribution date.

On the first trading day following the distribution date, "when issued" trading will end and "regular way" trading will begin for Hillenbrand, Inc. common stock. Neither Hillenbrand Industries (Hill-Rom Holdings) nor Batesville Holdings (Hillenbrand, Inc.) can predict the trading price for their common stock before or following the distribution.

As previously announced, the separation remains subject to favorable market conditions, effectiveness of the Form 10 registration statement with the SEC, completion of necessary debt refinancing and other customary conditions. As previously disclosed, the company has already received a favorable tax ruling from the U.S. Internal Revenue Service (IRS). The Form 10 is expected to be declared effective later in the day on March 17, 2008.

The information statement is available on the SEC website at http://www.sec.gov and also can be viewed on the Hillenbrand website at http://www.hillenbrand.com .

ABOUT HILLENBRAND INDUSTRIES, INC.

Hillenbrand Industries is organized into two operating companies serving the health care and funeral services industries.

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