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Zimmer Holdings, Inc. Reports Third Quarter 2011 Financial Results
Date:10/27/2011

, INC. Reconciliation of Net Earnings and Adjusted Net Earnings For the Three Months Ended September 30, 2011 and 2010 (in millions, unaudited) Three Months Ended September 30, 2011 2010 Net Earnings of Zimmer Holdings, Inc.

$ 191.5$ 191.1 Inventory step-up

1.8- Special items

8.05.0 Taxes on inventory step-up and special items and tax adjustments related to resolution of certain tax matters*

(4.1)(3.7) Adjusted Net Earnings

$ 197.2$ 192.4 * The tax effect is calculated based upon the statutory rates for the jurisdictions where the items were incurred. ZIMMER HOLDINGS, INC. Reconciliation of Net Earnings and Adjusted Net Earnings For the Nine Months Ended September 30, 2011 and 2010 (in millions, unaudited) Nine Months Ended September 30, 20112010 Net Earnings of Zimmer Holdings, Inc.

$ 604.2$ 562.0 Inventory step-up

9.61.3 Certain claims

50.075.0 Special items

47.019.1 Taxes on inventory step-up, certain claims and special items and tax adjustments related to resolution of certain tax matters*

(50.2)(36.4) Adjusted Net Earnings

$ 660.6$ 621.0 * 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 September 30, 2011 and 2010 (unaudited) Three Months Ended September 30,  20112010 Diluted EPS

$ 1.01$ 0.96 Inventory step-up

0.01- Special items

0.040.02 Taxes on inventory step-up and special items and tax adjustments related to resolution of certain tax matters*

(0.02)(0.02) Adju
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SOURCE Zimmer Holdings, Inc.
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