Jarden Increases Authorized Share Repurchase Program to $500 Million and Uses $250 Million to Execute an Accelerated Share

Jarden Increases Authorized Share Repurchase Program to $500 Million and Uses
       $250 Million to Execute an Accelerated Share Repurchase Program

PR Newswire

RYE, N.Y., Feb. 28, 2013

RYE, N.Y., Feb. 28, 2013 /PRNewswire/ --Jarden Corporation (NYSE:JAH) today
announced that the Board of Directors has authorized an increase to its
current share repurchase program. The authorized share repurchase program is
now $500 million. The new program includes the remaining $130 million of
unused capacity under the Company's existing share repurchase program.

In conjunction with the new program, Jarden has agreed to repurchase an
aggregate of $250 million worth of common stock pursuant to Accelerated Stock
Repurchase Agreements ("ASR Agreement") with Barclays Bank plc. and JPMorgan
Chase Bank, N.A. Jarden will fund the $250 million today at the beginning of
the ASR Agreement and will receive the majority of repurchased shares at the
same time. The $250 million accelerated share repurchase program will be
funded with cash on hand.

The specific number of shares Jarden will ultimately repurchase under the ASR
Agreement will be based on the average of the daily volume weighted average
prices of Jarden's common stock over the period. The ASR Agreement period is
expected to be completed by no later than the Company's fiscal third quarter.

About Jarden Corporation

Jarden Corporation is a leading provider of a diverse range of consumer
products with a portfolio of over 100 trusted, quality brands sold globally.
Jarden operates in three primary business segments through a number of well
recognized brands, including: Outdoor Solutions: Abu Garcia®, Aero®, Berkley®,
Campingaz® and Coleman®, ExOfficio®, Fenwick®, Gulp!®, Invicta®, K2®, Marker®,
Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®,
Trilene®, Volkl® and Zoot®; Consumer Solutions: Bionaire®, Breville®,
Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®,
Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and
Branded Consumables: Ball®, Bee®, Bernardin®, Bicycle®, Billy Boy®, Crawford®,
Diamond®, Dicon®, Fiona®, First Alert®, First Essentials®, Hoyle®, Kerr®,
Lehigh®, Lifoam®, Lillo®, Loew Cornell®, Mapa®, NUK®, Pine Mountain®,
Quickie®, Spontex® and Tigex®. Headquartered in Rye, N.Y., Jarden ranks #371
on the Fortune 500 and has over 25,000 employees worldwide. For in-depth
information about Jarden, please visit www.jarden.com.

Note: This news release contains "forward-looking statements" within the
meaning of the federal securities laws and is intended to qualify for the safe
harbor from liability established by the Private Securities Litigation Reform
Act of 1995, including statements regarding the Company's earnings per share
and adjusted diluted earnings per share, expected or estimated revenue,
segment earnings, net interest expense, income tax provision, cash flow from
operations, and reorganization and other non-cash charges, the outlook for the
Company's markets and the demand for its products, consistent profitable
growth, free cash flow, future revenues and gross, operating and EBITDA margin
improvement requirement and expansion, organic net sales growth, bank leverage
ratio, the success of new product introductions, growth in costs and expenses,
the impact of commodities, currencies and transportation costs and the
Company's ability to manage its risk in these areas, repurchase of shares of
common stock from time to time under the Company's stock repurchase program,
our ability to raise new debt, and the impact of acquisitions, divestitures,
restructurings, and other unusual items, including the Company's ability to
integrate and obtain the anticipated results and synergies from its
consummated acquisitions. These projections and statements are based on
management's estimates and assumptions with respect to future events and
financial performance and are believed to be reasonable, though are inherently
uncertain and difficult to predict. Actual results could differ materially
from those projected as a result of certain factors. A discussion of factors
that could cause results to vary is included in the Company's periodic and
other reports filed with the Securities and Exchange Commission.

SOURCE Jarden Corporation

Website: http://www.jarden.com
Contact: Trisha Mount / Rachel Wilson, +1-914-967-9400; or Investor Relations,
Allison Malkin, Press, Alecia Pulman, ICR, Inc., +1-203-682-8200
 
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