Hillenbrand Releases Investor Roadshow Materials and Updated Financial Guidance Related to Separation Of Hill-Rom and Batesvi...( Operating Financial Guidance Remain...),Health

Operating Financial Guidance Remains Unchanged and is Updated to Reflect On- going Public Company and Other Costs and Tax Rate Effects of Separation

BATESVILLE, Ind., March 13 /PRNewswire-FirstCall/ -- Hillenbrand Industries, Inc. (NYSE: HB) filed materials with the Securities and Exchange Commission (SEC) associated with investor communications related to the upcoming separation of its two operating companies: Hill-Rom, the company's medical technology business, and Batesville Casket, the company's death care business. The separation is expected to be completed by the end of March pending final clearance of the Form 10 of Batesville Holdings, Inc., to be the parent company for Batesville Casket, originally filed November 5, 2007 and last amended on March 13, 2008, and other conditions listed below.

A Form 8-K filing, consisting of presentation materials for each company, is posted on the SEC website at http://www.sec.gov and also can be viewed on the Hillenbrand website at http://www.hillenbrand.com.

FINANCIAL GUIDANCE SUMMARY FOR FY 2008

In order to provide investors additional financial information with respect to Hill-Rom and Batesville on a post-separation basis, our existing operational guidance has been supplemented to reflect future expectations for the balance of fiscal 2008 for each business. Updated financial guidance for both businesses is provided in schedules accompanying this release and in the presentation materials referenced above.

For fiscal year 2008, Hill-Rom Holdings, which will be the new name of Hillenbrand Industries following the separation, continues to expect revenue of $1.427 - 1
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