Freedom Group, Inc. Forms Office of the Chief Executive Officer

-- Appoints Robert L. Nardelli as Director, Chairman of the Office of CEO --

MADISON, N.C.--()--Freedom Group, Inc. (“The Company”) announced today that it has formed an Office of the Chief Executive Officer to provide strategic direction to the Company’s operating management, to generally manage the business and affairs of the Company, and to facilitate decision making pending the appointment of a new Chief Executive Officer.

The Office of the Chief Executive Officer will be chaired by Robert L. Nardelli, who was also named a Director of the Company, effective immediately. Mr. Nardelli is currently the Chief Executive Officer of Cerberus Operating and Advisory Company, LLC.

John B. Blystone, Chairman of the Board of Directors, commented, “We are very fortunate to have the benefit of Bob’s deep experience and counsel both as a director and as the Chairman of the Office of the Chief Executive. We are confident that, along with the other members of the Office, that Freedom Group will continue to have the benefit of outstanding leadership during this period of transition as we search for a permanent chief executive officer.”

Mr. Nardelli will be joined in the Office of the Chief Executive Officer by three Company executives: Stephen P. Jackson, Jr., Chief Financial Officer and Treasurer, E. Scott Blackwell, Chief Sales Officer, and Joseph P. Gross, Chief Operating Officer.

About Freedom Group, Inc.

Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, Parker, EOTAC, Mountain Khakis, AAC, and Dakota. The Company distributes its products throughout the U.S. and in over 80 foreign countries. More information about the Company can be found at www.freedom-group.com.

The Company assumes no obligation to update publicly such forward–looking statements, whether as a result of new information, future events or otherwise.

Contacts

Investor:
ICR, Inc.
James R. Palczynski, 203-682-8229
or
Media:
ICR, Inc.
Michael Fox, 203-682-8218
or
Freedom Group, Inc.
Roy Gifford, 336-548-8691

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Contacts

Investor:
ICR, Inc.
James R. Palczynski, 203-682-8229
or
Media:
ICR, Inc.
Michael Fox, 203-682-8218
or
Freedom Group, Inc.
Roy Gifford, 336-548-8691