Spectrum Brands Holdings CEO and President Andreas Rouvé Elected to Board of Directors

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE:SPB), a global consumer products
company offering an expanding portfolio of leading brands providing
superior value to consumers and customers every day, announced today
that Chief Executive Officer and President Andreas Rouvé has been
elected to the Company’s Board of Directors, effective October 1. Mr.
Rouvé, 53, became CEO and President on April 1, 2015.

The Company also announced that David R. Lumley, retired Chief Executive
Officer and President, has elected to resign from the Board of
Directors, effective September 30 and consistent with his overall plans
to ensure a smooth and orderly transition to his successor and with the
end of his transition services employment agreement on September 30,
2015. Mr. Lumley, 61, served as a Director since April 2010.

“We are pleased to welcome Andreas to our Board as he focuses on
accelerating organic growth, expanding regionally, and increasing our
rate of product innovation,” said David Maura, Chairman of the Board of
Spectrum Brands Holdings. “Andreas is off to a strong start as our new
CEO. We look forward to working closely with him as he executes on our
strategic plans and takes our Company to the next level of growth and
profitability.

“On behalf of our Board,” Mr. Maura said, “I want to thank Dave Lumley
for his many valuable contributions over the past five years and wish
him the very best with all of his future endeavors.”

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings is a global and diversified consumer
products company and a leading supplier of consumer batteries,
residential locksets, residential builders’ hardware, plumbing, shaving
and grooming products, personal care products, small household
appliances, specialty pet supplies, lawn and garden and home pest
control products, personal insect repellents, and auto care products.
Helping to meet the needs of consumers worldwide, our Company offers a
broad portfolio of market-leading, well-known and widely trusted brands
including Rayovac®, VARTA®, Kwikset®, Weiser®, Baldwin®, National
Hardware®, Pfister®, Remington®, George Foreman®, Russell Hobbs®, Black+
Decker®, Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®,
8-in-1®, FURminator®, IAMS®, Eukanuba®, Digest-eeze™, Healthy-Hide®,
Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®,
Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum Brands’ products
are sold by the world’s top 25 retailers and are available in more than
one million stores in approximately 160 countries. Based in Middleton,
Wisconsin, Spectrum Brands Holdings generated net sales of approximately
$4.43 billion in fiscal 2014. For more information, visit
www.spectrumbrands.com.

Forward-Looking Statements

Certain matters discussed in this news release and other oral and
written statements by representatives of the Company regarding matters
such as the Company’s ability to meet its expectations for its fiscal
2015 (including its ability to increase its net sales and adjusted
EBITDA) may be forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We have tried,
whenever possible, to identify these statements by using words like
“future,” “anticipate”, “intend,” “plan,” “estimate,” “believe,”
“expect,” “project,” “forecast,” “could,” “would,” “should,” “will,”
“may,” and similar expressions of future intent or the negative of such
terms. These statements are subject to a number of risks and
uncertainties that could cause results to differ materially from those
anticipated as of the date of this release.
Actual results may
differ materially as a result of (1) Spectrum Brands Holdings’ ability
to manage and otherwise comply with its covenants with respect to its
significant outstanding indebtedness, (2) our ability to integrate and
realize synergies from our recent acquisitions and any possible future
acquisitions, (3) risks related to changes and developments in external
competitive market factors, such as introduction of new product features
or technological developments, development of new competitors or
competitive brands or competitive promotional activity or spending, (4)
changes in consumer demand for the various types of products Spectrum
Brands Holdings offers, (5) unfavorable developments in the global
credit markets, (6) the impact of overall economic conditions on
consumer spending, (7) fluctuations in commodities prices, the costs or
availability of raw materials or terms and conditions available from
suppliers, (8) changes in the general economic conditions in countries
and regions where Spectrum Brands Holdings does business, such as stock
market prices, interest rates, currency exchange rates, inflation and
consumer spending, (9) Spectrum Brands Holdings’ ability to successfully
implement manufacturing, distribution and other cost efficiencies and to
continue to benefit from its cost-cutting initiatives, (10) Spectrum
Brands Holdings’ ability to identify, develop and retain key employees,
(11) unfavorable weather conditions and various other risks and
uncertainties, including those discussed herein and those set forth in
the securities filings of each of Spectrum Brands Holdings, Inc. and
SB/RH Holdings, LLC, including each of their most recently filed Annual
Reports on Form 10-K or Quarterly Reports on Form 10-Q.

Spectrum Brands Holdings also cautions the reader that its estimates
of trends, market share, retail consumption of its products and reasons
for changes in such consumption are based solely on limited data
available to Spectrum Brands Holdings and management’s reasonable
assumptions about market conditions, and consequently may be inaccurate,
or may not reflect significant segments of the retail market.
Spectrum
Brands Holdings also cautions the reader that undue reliance should not
be placed on any forward-looking statements, which speak only as of the
date of this release.
Spectrum Brands Holdings undertakes no duty
or responsibility to update any of these forward-looking statements to
reflect events or circumstances after the date of this report or to
reflect actual outcomes.

Contacts

Investor/Media Contact:
Spectrum Brands Holdings, Inc.
Dave
Prichard, 608-278-6141