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Zimmer Holdings, Inc. Reports First Quarter 2011 Financial Results
Date:4/28/2011

ia Pacific

1697Total

523Product CategoriesReconstructive   Americas

11-   Europe

312   Asia Pacific

16106Total

312Knees   Americas

(3)-(3)   Europe

3-3   Asia Pacific

1192Total

-1(1)Hips   Americas

5-5   Europe

2-2   Asia Pacific

201010Total

725Extremities12111Dental21-21Trauma16214Spine(5)1(6)Surgical and other1037ZIMMER HOLDINGS, INC. Reconciliation of Net Earnings and Adjusted Net Earnings For the Three Months Ended March 31, 2011 and 2010 (in millions, unaudited) Three Months Ended March 31, 2011 2010 Net Earnings of Zimmer Holdings, Inc.

$
208.9$
205.4 Inventory step-up

4.41.3 Special items

25.52.6 Taxes on inventory step-up and special items*

(7.9)(1.9) Adjusted Net Earnings

$
230.9
$
207.4
* The tax effect is calculated based upon the statutory rates for the jurisdictions where the items were incurred. ZIMMER HOLDINGS, INC. Reconciliation of Diluted EPS and Adjusted Diluted EPS For the Three Months Ended March 31, 2011 and 2010 (unaudited) Three Months Ended March 31,  20112010 Diluted EPS

$
.08$
.01 Inventory step-up

0.020.01 Special items

0.130.01 Taxes on inventory step-up and special items*

(0.04)(0.01) Adjusted Diluted EPS

$
.19
$
.02
* The tax effect is calculated based upon the statutory rates for the jurisdictions where the items  were incurred. ZIMMER HOLDINGS, INC. Reconciliation of 2011 Projected Diluted EPS   and Projected Adjusted Diluted EPS (unaudited) Projected Year Ended December 31
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SOURCE Zimmer Holdings, Inc.
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