Flexsteel Industries, Inc. Joins Russell 3000 Index

  Flexsteel Industries, Inc. Joins Russell 3000 Index

Business Wire

DUBUQUE, Iowa -- June 25, 2012

Flexsteel Industries, Inc. (NASDAQ: FLXS) joined the list of companies on the
U. S. broad-market Russell 3000^® Index on June 25, 2012, when Russell
Investments reconstituted its set of U.S. and global equity indexes.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Russell U. S. indexes have $3.9 trillion in assets
currently benchmarked to them. Flexsteel’s membership, which will remain in
place for one year, means inclusion in the Russell 3000^® Index as well as the
appropriate growth and value style indexes.

“Many investors and institutions rely on the Russell 3000^® Index as part of
their investment strategy,” said Ronald J. Klosterman, President and CEO of
Flexsteel. “Flexsteel’s inclusion acknowledges our strong business
fundamentals and potential for future growth.”

Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market capitalization.
The largest 1,000 companies in this ranking comprise the Russell 1000^® Index
and the next 2,000 companies become the Russell 2000^® Index. Russell
determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes. Total returns data for
the Russell 3000^® Index and other Russell indexes are available at
http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.

About Russell
Russell Investment Group provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. Russell advises clients in more
than 35 countries on the investment of approximately $786 billion in assets,
and serves approximately 600 organizations and thousands of individuals
through its investment management business. As of March 31, 2012, $155 billion
is invested in Russell funds globally. Founded in 1936, Russell is a
subsidiary of the Northwestern Mutual Life Insurance Company.

About Flexsteel
Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was
incorporated in 1929. Flexsteel is a designer, manufacturer, importer and
marketer of quality upholstered and wood furniture for residential,
recreational vehicle, office, hospitality and healthcare markets. All products
are distributed nationally.

Contact:

Flexsteel Industries, Inc., Dubuque
Timothy E. Hall, Chief Financial Officer, 563-585-8392