SPEEDO(R) Unveils Lightweight Speed Suit: FASTSKIN(R) FS-PRO

		Six-time Olympic gold medalist Michael Phelps models the new FASTSKIN(R) FS-PRO, the most powerful lightweight swimsuit on the market, from SPEEDO(R), the world's leading swim brand. The suit will debut in competition at the 12th FINA World Championships in Melbourne, Australia. Photo courtesy of SPEEDO(R). (PRNewsFoto/SPEEDO) LOS ANGELES, CA UNITED STATES

Michael Phelps Tested and Approved Suit to Debut at 2007 World Championships LOS ANGELES, Feb. 15 /PRNewswire/ -- SPEEDO(R), the world's leading swimwear brand, today announced the launch of the FASTSKIN(R) FS-PRO, the fastest and most powerful lightweight swimsuit ever made. The newest addition to the brand's stable of elite speed suits, the FASTSKIN FS-PRO is a lightweight yet equally fast alternative to Speedo's evolutionary FASTSKIN FSII suit, which was worn by swimmers who earned 47 medals at the 2004 Athens Olympics. Athletes will compete in the FASTSKIN FS-PRO at the 12th FINA World Championships in Melbourne, Australia, March 17 - April 1, 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20070215/LATH015) Speedo enlisted the world's top elite swimmers, including six-time Olympic gold medalist Michael Phelps, to aid in the research and development of the FASTSKIN FS-PRO. Phelps played a key role in testing the suit as one of the first athletes to wear it in the water. "The brand always listens to its athletes and the end result is that we feel confident wearing Speedo as we step up to the blocks," said Phelps. "I have been involved in the development and testing since the first prototype was produced. The combination of the lightweight fabric and the speed it gives me make the Speedo FASTSKIN FS-PRO feel like a second skin." Developed in the Speedo Aqualab(R), the brand's research and development headquarters, the FASTSKIN FS-PRO was engineered in response to feedback from athletes and coaches who were looking for a suit that had all the speed and compression of Speedo's FASTSKIN and FSII but in a lightweight fabric. Tests have shown the FASTSKIN FS-PRO suit to have the lowest passive drag results of any lightweight woven suit on the market, helping athletes move even faster through the water. Key features of the Speedo FASTSKIN FS-PRO include: * Lightweight and powerful stretch * Superior compression compared to other woven light suits * Improved core stability compared to other woven light suits * Improved fit through computer modeling and engineering * Lower surface friction drag at a fabric level compared to other woven fabrics * Lower overall passive drag compared to other light suits * Water repellent and quick drying FASTSKIN FS-PRO features new water-repellent fabric exclusive to Speedo: LZR Pulse(TM). This lightweight fabric is woven from chlorine resistant elastane and ultra fine nylon yarn. In tests, the suit proved to have the lowest water absorption rate of woven fabrics allowing for a lighter feel and greater speed in the water. As the quickest drying woven suit on the market, the FASTSKIN FS-PRO offers superior comfort both in and out of the water. Compression in the FASTSKIN FS-PRO provides the athlete with improved core stability during strokes and reduces energy loss through reduced muscle oscillation. The new suit also offers greater compression by area -- meaning it exerts more power in a single square of fabric than other fabrics when tested -- than any other lightweight suit. Engineered in 3D, the FASTSKIN FS-PRO was designed using data gained from the body scans of hundreds of elite international swimmers. The testing and analysis included a highly sophisticated process called Computational Fluid Dynamics (CFD) enabling Speedo to virtually analyze the drag and flow of water around swimmers and, in effect, create a virtual swimmer inside a computer. In addition to working with some of the world's top athletes, such as Phelps and Australia's Grant Hackett, the Aqualab(R) team at Speedo enlisted the expertise of worldwide specialists to design the FASTSKIN FS-PRO. The development team included: Barry Bixler, Computer Fluid Dynamics Analysis (CFD), Dave Pease for flume testing at Otago University in New Zealand, and Rick Sharp, Swim Physiologist. SPEEDO(R) and the Boomerang Device, FASTSKIN and AQUALAB are registered trademarks of and used under license from SPEEDO International Ltd. Warnaco Swimwear Inc., a division of The Warnaco Group Inc. (Nasdaq: WRNC), is the authorized licensee of the Speedo trademark in North America and the Caribbean. ABOUT SPEEDO(R) Born on Bondi Beach near Sydney, Australia in 1928, SPEEDO(R) is the world's top-selling swimwear brand. The brand's heritage derives from its leadership in competitive swimming, where more Olympic Gold Medals have been won in Speedo than any other brand. Eight-time Olympic Medalist Michael Phelps is among the elite swimmers who wear SPEEDO(R) Fastskina technology. Building on its authentic base, the SPEEDO(R) product line has dramatically expanded over the years. It now includes women's fashion and fitness swimwear, men's water shorts, kid's swimwear, active wear, footwear, and a comprehensive collection of aquatic and fitness equipment. For more information visit, http://www.SpeedoUSA.com. ABOUT WARNACO The Warnaco Group, Inc., headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands as Warner's(R), Olga(R), Lejaby(R), Body Nancy Ganz(R), Speedo(R), Anne Cole(R), Cole of California(R) and Catalina(R) as well as Chaps(R) sportswear and denim, Ocean Pacific(R) swimwear, Nautica(R) swimwear, Michael Kors(R) swimwear and Calvin Klein(R) men's and women's underwear, men's and women's bridge apparel and accessories, men's and women's jeans and jeans accessories, junior women's and children's jeans and men's and women's swimwear. FORWARD-LOOKING STATEMENTS The Warnaco Group, Inc. notes that this press release as well as certain other written, electronic and oral disclosure made by the Company from time to time, may contain "forward-looking statements" within the meaning of Rule 3b-6 under the Securities Exchange Act of 1934, as amended, Rule 175 under the Securities Act of 1933, as amended, and relevant legal decisions. The forward-looking statements involve risks and uncertainties and reflect, when made, the Company's estimates, objectives, projections, forecasts, plans, strategies, beliefs, intentions, opportunities and expectations. Actual results may differ materially from anticipated results or expectations and investors are cautioned not to place undue reliance on any forward-looking statements. Statements other than statements of historical fact are forward-looking statements. These forward-looking statements may be identified by, among other things, the use of forward-looking language, such as the words "believe," "anticipate," "estimate," "expect," "intend," "may," "project," "scheduled to," "seek," "should," "will be," "will continue," "will likely result," or the negative of those terms, or other similar words and phrases or by discussions of intentions or strategies. The following factors, among others and in addition to those described in the Company's reports filed with the SEC (including, without limitation, those described under the headings "Risk Factors" and "Statement Regarding Forward-Looking Disclosure," as such disclosure may be modified or supplemented from time to time), could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by it: economic conditions that affect the apparel industry; the Company's failure to anticipate, identify or promptly react to changing trends, styles, or brand preferences; further declines in prices in the apparel industry; declining sales resulting from increased competition in the Company's markets; increases in the prices of raw materials; events which result in difficulty in procuring or producing the Company's products on a cost-effective basis; the effect of laws and regulations, including those relating to labor, workplace and the environment; changing international trade regulation, including as it relates to the imposition or elimination of quotas on imports of textiles and apparel; the Company's ability to protect its intellectual property or the costs incurred by the Company related thereto; the Company's dependence on a limited number of customers; the effects of the consolidation of the retail sector; the Company's dependence on license agreements with third parties; the Company's dependence on the reputation of its brand names, including, in particular, Calvin Klein; the Company's exposure to conditions in overseas markets in connection with the Company's foreign operations and the sourcing of products from foreign third-party vendors; the Company's foreign currency exposure; the Company's history of insufficient disclosure controls and procedures and internal controls and restated financial statements; unanticipated future internal control deficiencies or weaknesses or ineffective disclosure controls and procedures; the sufficiency of cash to fund operations, including capital expenditures; the Company's ability to service its indebtedness, the effect of changes in interest rates on the Company's indebtedness that is subject to floating interest rates and the limitations imposed on the Company's operating and financial flexibility by the agreements governing the Company's indebtedness; the Company's dependence on its senior management team and other key personnel; disruptions in the Company's operations caused by difficulties with the new systems infrastructure; the limitations on purchases under the Company's share repurchase program contained in the Company's debt instruments, the number of shares that the Company purchases under such program and the prices paid for such shares; the failure of newly acquired businesses to generate expected levels of revenues; the failure of the Company to successfully integrate such businesses with its existing businesses (and as a result, not achieving all or a substantial portion of the anticipated benefits of the acquisition); and such newly acquired business being adversely affected, including by one or more of the factors described above and thereby failing to achieve anticipated revenues and earnings growth. The Company encourages investors to read the section entitled "Risk Factors" and the discussion of the Company's critical accounting policies under "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Discussion of Critical Accounting Policies" included in the Company's Annual Report on Form 10-K, as such discussions may be modified or supplemented by subsequent reports that the Company files with the SEC. The discussion in this press release is not exhaustive but is designed to highlight important factors that may affect actual results. Forward-looking statements speak only as of the date on which they are made, and, except for the Company's ongoing obligation under the U.S. federal securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.