OAK BROOK, Ill., April 28 /PRNewswire/ -- In anticipation of the
previously announced proposed sale (the "Sale") of Safety Products
Holdings, Inc. (the "Company") to Honeywell International Inc.
("Honeywell"), the Company announced today that it received tenders and
consents from holders of 99.99%, or $173,849,387, of the $173,849,512
outstanding aggregate principal amount of its 113/4% Senior PIK Notes due
2012 (the "Holdco Notes") and Norcross Safety Products L.L.C. (the "Opco
Purchaser" and together with the Company, the "Purchasers") announced that
it received tenders and consents from holders of 99.93%, or $152,400,000,
of the $152,500,000 outstanding aggregate principal amount of its 97/8%
Senior Subordinated Notes due 2011 (the "Opco Notes" and together with the
Holdco Notes, the "Notes") as of 5:00 p.m., New York City time, on April
25, 2008, in connection with their previously announced tender offers and
consent solicitations.

    As a result of obtaining the required consents, on April 25, 2008, the
supplemental indentures effecting the amendments to the indentures
governing each series of Notes contemplated by the tender offers and
consent solicitations were executed and withdrawal rights have terminated.
The amendments to the indentures set forth in each supplemental indenture
will not become operative until immediately prior to the consummation of
the Sale and will cease to be operative unless the Sale is consummated and
the respective Purchasers accept for purchase all of the applicable Notes
tendered pursuant to each tender offer.

    The tender offers remain open for the tender of Notes not previously
tendered and are scheduled to expire at 12:00 midnight, New York City time,
on May 9, 2008, unless extended.

    The tender offers and consent solicitations are being made upon the
terms and subject to conditions set forth in the related offer to purchase
and consent solicitation statements dated April 14, 2008 (the
"Statements").

    This announcement is not an offer to purchase, nor a solicitation of an
offer to purchase, or a solicitation of tenders or consents with respect
to, any Notes. The tender offers and consent solicitations are being made
solely pursuant to the Statements.

    The Purchasers have retained Credit Suisse Securities (USA) LLC to
serve as Dealer Manager and Solicitation Agent and D.F. King & Co., Inc. to
serve as Information Agent and Tender Agent. Requests for documents may be
directed to D.F. King & Co., Inc. by telephone at (800) 431-9643 (toll
free) or (212) 269-5550 (collect). Questions regarding the tender offers
and consent solicitations should be directed to Credit Suisse Securities
(USA) LLC by telephone at (212) 325-4951 (collect).

    The Company is a leading designer, manufacturer and marketer of branded
products in the fragmented personal protection equipment industry. The
Company manufactures and markets a full line of personal protection
equipment for workers in the general safety and preparedness, fire service
and electrical safety industries. The Company sells its products under
trusted, long-standing and well-recognized brand names, including North,
KCL, Fibre-Metal, NEOS, Morning Pride, Ranger, Servus, Pro-Warrington,
American Firewear, Salisbury and SafetyLine. The Company's broad product
offering includes, among other things, respiratory protection, protective
footwear, hand protection, turnout gear and linemen equipment.

    This press release contains forward-looking information. These
statements reflect management's expectations, estimates, and assumptions
based on information available at the time of the statement.
Forward-looking statements include, but are not limited to, statements
regarding future events, plans, goals, objectives, and expectations. The
words "anticipate," "believe," "estimate," "expect," "plan," "intent,"
"likely," "will," "should," and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties, and
other factors, including those set forth below, which may cause the
Company's actual results, performance, or achievements to be materially
different from any future results, performance, or achievements expressed
or implied by those statements. Important factors that could cause the
Company's actual results, performance, or achievements to be materially
different from any future results, performance, or achievements expressed
or implied by those statements include, but are not limited to: (i) the
Company's high degree of leverage and significant debt service obligations;
(ii) the impact of current and future laws and governmental regulations
affecting the Company or its product offerings; (iii) the impact of
governmental spending; (iv) the Company's ability to retain existing
customers, maintain key supplier status with those customers with which it
has achieved such status, and obtain new customers; (v) the highly
competitive nature of the personal protection equipment industry; (vi) any
future changes in management of the Company; (vii) acceptance by consumers
of new products developed or acquired by the Company; (viii) the importance
and costs of product innovation; (ix) unforeseen problems associated with
international sales, including gains and losses from foreign currency
exchange and restrictions on the efficient repatriation of earnings; (x)
the unpredictability of patent protection and other intellectual property
issues; (xi) cancellation of current orders; (xii) the outcome of pending
product liability claims and the availability of indemnification for those
claims; (xiii) general risks associated with the personal protection
equipment industry; and (xiv) the successful integration of acquired
companies on economically acceptable terms. The Company undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect changed assumptions, the occurrence of anticipated or unanticipated
events, or changes to future results over time.

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