Watsco Appoints David C. Darnell to its Board of Directors

  Watsco Appoints David C. Darnell to its Board of Directors

Business Wire

MIAMI -- November 15, 2012

Regulatory News:

Watsco, Inc. (NYSE:WSO) (Paris: WSO) announced today the appointment of David
C. Darnell to the Company’s Board of Directors.

Mr. Darnell is the Co-Chief Operating Officer of Bank of America Corporation
and a member of its executive management team. Mr. Darnell started with the
bank in 1979 and is now responsible for serving approximately 56 million of
the bank’s consumers and small businesses with deposit, lending, card, home
mortgage, wealth management and related products and services.

Previously, Mr. Darnell served as the President of Bank of America’s Global
Commercial Banking team and the bank’s Middle Market Banking group. He has
also been active, and has considerable leadership experience, in the bank’s
historical acquisition activities.

Albert Nahmad, Watsco’s Chairman and Chief Executive Officer said: “David is a
well-regarded leader that has first-hand experience in buying and building
great businesses. He has vast knowledge of and relationships in global capital
markets and we also look forward to his contributions and experience in terms
of using technology and innovation to enhance customer service.”

About Watsco, Inc.

Watsco improves indoor living and working environments with air conditioning
and heating solutions that provide comfort regardless of the outdoor climate.
Our solutions also promote healthier indoor spaces by removing pollutants from
the indoor air that can lead to asthma, allergies and reductions in
productivity. Furthermore, since heating and cooling accounts for
approximately 56% of the energy consumed in a typical United States home, we
offer consumers the greatest opportunity to save money on energy by replacing
existing air conditioning and heating systems with more energy efficient and
environmentally friendly solutions.

There are approximately 89 million central air conditioning and heating
systems installed in the United States that have been in service for more than
10 years. Older systems often operate below today’s government mandated energy
efficiency and environmental standards. Watsco has an opportunity to
accelerate the replacement of these systems at a scale greater than our
competitors as the movement toward reducing energy consumption and its
environmental impact continues. We operate from more than 575 locations in the
United States, Canada, Mexico and Puerto Rico, with additional market coverage
on an export basis to Latin America and the Caribbean. As the industry leader,
significant growth potential remains given that our current revenue run-rate
is less than 10% of the estimated $35 billion marketplace in the Americas for
HVAC/R products. Additional information about Watsco may be found at


Watsco, Inc.
Barry S. Logan, 305-714-4102
Senior Vice President
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