EXHIBIT 99.1

NEWELL RUBBERMAID REPORTS SECOND QUARTER 2007 RESULTS

Ongoing Transformation Drives Sales Growth of 3.6%, Margin Expansion of 130 bps
Full Year Guidance Reaffirmed

ATLANTA, July 26, 2007 — Newell Rubbermaid Inc. (NYSE: NWL) today reported second quarter 2007 results, reflecting sales growth, gross margin expansion, and improvement in operating income and cash flow. In addition, management reaffirmed full year guidance.

Net sales for the second quarter ended June 30, 2007 rose 3.6 percent to $1.69 billion, compared to $1.63 billion in the prior year. Leading the way were the Home & Family segment with high single digit growth and Cleaning, Organization & Décor with mid single digit growth.

“We continue to make solid progress in our multi-year transformation to a best-in-class, global consumer products company,” said Mark Ketchum, president and chief executive officer of Newell Rubbermaid. “For the seventh consecutive quarter, Newell Rubbermaid posted positive sales growth, driven by our new business model. I am particularly proud of our ability to compensate for a difficult manufacturing restructuring project in Europe and softness in several retail channels.”

Gross margin for the second quarter 2007 improved to 35.8 percent, a 130 basis point improvement over the prior year. The expansion was driven primarily by productivity improvements, including the impact of Project Acceleration.

Normalized earnings, which excludes Project Acceleration restructuring costs and the effect of one-time tax items, were $0.55 per share in the second quarter 2007, a 20 percent increase over the prior year’s result of $0.46 per share.

Excluding Project Acceleration restructuring costs of $15.5 million in 2007 and $19.1 million in 2006, operating income improved $27.5 million to $248.3 million, a 12.5 percent increase over the prior year. Excluding charges, income from continuing operations was $154.6 million, or $0.55 per share, for the second quarter 2007, compared to the prior year’s result of $149.0 million, or $0.54 per share. Income from continuing operations in the second quarter 2006 included a one-time tax benefit of $22.7 million, or $0.08 per share. A reconciliation of the results “as reported” to results “excluding charges” is attached to this press release.

Income from continuing operations, as reported, was $143.2 million, or $0.51 per share, for the second quarter 2007, compared to $135.5 million, or $0.49 per share, in the prior year.

Net cash provided by operating activities was $158.3 million in the second quarter 2007, compared to $103.8 million in the prior year. Capital expenditures were $36.4 million, versus $31.9 million in the prior year.

News Release
July 26, 2007
Page 1 of 5

Newell Rubbermaid Inc.
Atlanta, GA

Securities Listed
NYSE
Common Stock
(Symbol: NWL)

www.newellrubbermaid.com

Ron Hardnock
Vice President, Investor Relations

David Doolittle
Director, Corporate Communications

10B Glenlake Parkway
Suite 300
Atlanta, GA 30328
Phone: +1 (770) 407-3994
Fax: +1 (770) 407-3983

     A reconciliation of the second quarter 2007 and last year’s results is as follows:

	Q2 2007		Q2 2006
Diluted earnings per share from continuing operations (as reported):	$	0.51	$	0.49
Project Acceleration restructuring costs	$	0.04	$	0.05
Diluted earnings per share from continuing operations (excluding charges):	$	0.55	$	0.54
Tax benefits	$	0.00		($0.08	)
“Normalized” EPS:	$	0.55	$	0.46

Six Months Results

Net sales for the six months ended June 30, 2007 grew 3.4 percent to $3.08 billion, compared to $2.98 billion in the prior year. The sales growth was driven by broad based strength across all segments.

Gross margin was 35.1 percent, a 170 basis point improvement over the prior year. The expansion reflects core sales growth, strong productivity, including savings from Project Acceleration, and favorable mix.

Normalized earnings, which excludes Project Acceleration restructuring costs and the effect of one-time tax items, were $0.83 per share, a 22 percent increase over the prior year’s result of $0.68 per share.

Excluding Project Acceleration restructuring costs of $31.0 million in 2007 and $28.2 million in 2006, operating income improved $44.9 million to $384.6 million, a 13.2 percent increase over the prior year. Excluding charges, income from continuing operations was $232.6 million, or $0.84 per share, compared to the prior year’s result of $286.3 million, or $1.04 per share. Income from continuing operations in 2007 included one-time tax benefits of $1.9 million, or $0.01 per share, versus one-time tax benefits of $0.36 per share in the prior year. A reconciliation of the results “as reported” to results “excluding charges” is attached to this press release.

Income from continuing operations, as reported, was $208.3 million, or $0.75 per share, compared to $265.7 million, or $0.96 per share, in the prior year.

Net cash provided by operating activities was $172.8 million, compared to $92.1 million for the prior year. Capital expenditures were $69.0 million, compared to $57.2 million for the prior year.

News Release
July 26, 2007
Page 2 of 5

Newell Rubbermaid Inc.
Atlanta, GA

Securities Listed
NYSE
Common Stock
(Symbol: NWL)

www.newellrubbermaid.com

Ron Hardnock
Vice President, Investor Relations

David Doolittle
Director, Corporate Communications

10B Glenlake Parkway
Suite 300
Atlanta, GA 30328
Phone: +1 (770) 407-3994
Fax: +1 (770) 407-3983

A reconciliation of the first six months 2007 and last year’s results is as follows:

	Q2 YTD 2007			Q2 YTD 2006
Diluted earnings per share from continuing operations (as reported):	$	0.75		$	0.96
Project Acceleration restructuring costs	$	0.09		$	0.08
Diluted earnings per share from continuing operations (excluding charges):	$	0.84		$	1.04
Tax benefits		($0.01	)		($0.36	)
“Normalized” EPS:	$	0.83		$	0.68

2007 Outlook

Back Half and Third Quarter 2007

The company believes sales will increase 4 to 6 percent in the back half 2007 driven by sales growth across all segments. Gross margin expansion of between 125 and 175 basis points is projected in the back half 2007.

The company expects earnings per share from continuing operations for the back half 2007 will range from $0.89 to $0.94, excluding approximately $0.21 to $0.30 per share of Project Acceleration restructuring costs.

The company believes sales will increase 5 to 7 percent in the third quarter 2007. The company anticipates gross margin expansion of between 75 and 125 basis points in the third quarter 2007.

Earnings per share from continuing operations for the third quarter 2007 are expected to range from $0.43 to $0.45, excluding approximately $30 to $50 million ($25 to $42 million after tax) of Project Acceleration restructuring costs.

For the third quarter 2007, net cash provided by operating activities is forecast in the range of $225 to $275 million and capital expenditures are projected in the range of $45 to $50 million.

Full Year 2007

The company continues to expect sales growth of 3 to 5 percent for the full year, now including 100 to 125 basis points of favorable currency. The company continues to project gross margin expansion of 150 to 200 basis points for the full year.

Excluding Project Acceleration restructuring costs of approximately $100 to $130 million ($85 to $110 million after tax), the company continues to believe earnings per share from continuing operations will range from $1.73 to $1.78 for the full year. Net cash provided by operating activities is now forecast between $600 and $650 million,

News Release
July 26, 2007
Page 3 of 5

Newell Rubbermaid Inc.
Atlanta, GA

Securities Listed
NYSE
Common Stock
(Symbol: NWL)

www.newellrubbermaid.com

Ron Hardnock
Vice President, Investor Relations

David Doolittle
Director, Corporate Communications

10B Glenlake Parkway
Suite 300
Atlanta, GA 30328
Phone: +1 (770) 407-3994
Fax: +1 (770) 407-3983

including approximately $75 to $100 million in cash restructuring payments. The company continues to project annualized savings in excess of $150 million from Project Acceleration upon completion in 2009, including $50 million of savings in 2007. The company continues to expect capital expenditures of $140 to $160 million and dividends of approximately $235 million in 2007.

A reconciliation of the back half, third quarter and full year 2007 earnings outlook is as follows:

	Back Half 2007		Q3 2007		FY 2007
Diluted earnings per share from continuing operations (as reported):	$	0.64 - $0.69	$	0.31 - $0.33	$	1.39 - $1.44
Project Acceleration restructuring costs	$	0.21 - $0.30	$	0.09 - $0.15	$	0.30 - $0.39
Diluted earnings per share from continuing operations (excluding charges):	$	0.89 - $0.94	$	0.43 - $0.45	$	1.73 - $1.78
Tax benefits	$	0.00	$	0.00		($0.01	)
“Normalized” EPS:	$	0.89 - $0.94	$	0.43 - $0.45	$	1.72 - $1.77

Conference Call

The company’s second quarter 2007 earnings conference call is scheduled for today, July 26, 2007, at 9:00 a.m. ET. To listen to the webcast, use the link provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid’s Web site at www.newellrubbermaid.com. The webcast will be available for replay for two weeks. A brief supporting slide presentation will be available prior to the call under Quarterly Earnings in the Investor Relations section on the company’s Web site.

Caution Concerning Forward-Looking Statements

The statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of Project Acceleration, sales, income/(loss), earnings per share, operating income or gross margin improvements, capital and other expenditures, cash flow, dividends, restructuring costs, costs and cost savings, debt ratings, and management’s plans, projections and objectives for future operations and performance. These statements are accompanied by words such as “expect,” “project,” “will,” “believes,” “estimate” and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail economies; competition with other manufacturers and distributors of consumer products; major retailers’ strong bargaining power; changes in the prices of raw materials; our ability to develop innovative new products and to develop, maintain

News Release
July 26, 2007
Page 4 of 5

Newell Rubbermaid Inc.
Atlanta, GA

Securities Listed
NYSE
Common Stock
(Symbol: NWL)

www.newellrubbermaid.com

Ron Hardnock
Vice President, Investor Relations

David Doolittle
Director, Corporate Communications

10B Glenlake Parkway
Suite 300
Atlanta, GA 30328
Phone: +1 (770) 407-3994
Fax: +1 (770) 407-3983

and strengthen our end-user brands; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; our ability to implement successfully information technology solutions throughout our organization; our ability to improve productivity and streamline operations; the risks inherent in our foreign operations and those factors listed in the company’s most recent quarterly report on Form 10-Q, and Exhibit 99.1 thereto, filed with the Securities and Exchange Commission.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in this release is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

About the Company

Newell Rubbermaid Inc. is a global marketer of consumer and commercial products with sales of approximately $6 billion and a strong portfolio of brands, including Sharpie^®, Paper Mate^®, DYMO^®, EXPO^®, Waterman^®, Parker^®, Rolodex^®, IRWIN^®, LENOX^®, BernzOmatic^®, Rubbermaid^®, Graco^®, Calphalon^® and Goody^®. The company is headquartered in Atlanta, Ga., and has approximately 23,500 employees worldwide.

This press release and additional information about the company are available on the company’s Web site www.newellrubbermaid.com.

News Release
July 26, 2007
Page 5 of 5

Newell Rubbermaid Inc.
Atlanta, GA

Securities Listed
NYSE
Common Stock
(Symbol: NWL)

www.newellrubbermaid.com

Ron Hardnock
Vice President, Investor Relations

David Doolittle
Director, Corporate Communications

10B Glenlake Parkway
Suite 300
Atlanta, GA 30328
Phone: +1 (770) 407-3994
Fax: +1 (770) 407-3983

NWL-EA

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)

Reconciliation of Results “As Reported” to Results “Excluding Charges”

	Three Months Ended June 30,
	2007									2006									YOY
	As Reported			Charges (1)			Excl. Charges			As Reported			Charges (2)			Excl. Charges			% Change
Net sales	$	1,693.1		$	—		$	1,693.1		$	1,634.1		$	—		$	1,634.1			3.6	%
Cost of products sold		1,087.5			—			1,087.5			1,071.1			—			1,071.1
GROSS MARGIN		605.6			—			605.6			563.0			—			563.0			7.6	%
% of sales		35.8	%					35.8	%		34.5	%					34.5	%
Selling, general & administrative expenses		357.3			—			357.3			342.2			—			342.2			4.4	%
% of sales		21.1	%					21.1	%		20.9	%					20.9	%
Restructuring costs		15.5			(15.5	)		—			19.1			(19.1	)		—
OPERATING INCOME		232.8			15.5			248.3			201.7			19.1			220.8			12.5	%
% of sales		13.7	%					14.7	%		12.3	%					13.5	%
Nonoperating expenses:
Interest expense, net		27.5			—			27.5			35.6			—			35.6
Other expense		1.5			—			1.5			1.8			—			1.8
		29.0			—			29.0			37.4			—			37.4			(22.5	)%
INCOME BEFORE INCOME TAXES		203.8			15.5			219.3			164.3			19.1			183.4			19.6	%
% of sales		12.0	%					13.0	%		10.1	%					11.2	%
Income taxes		60.6			4.1			64.7			28.8			5.6			34.4			88.1	%
Effective rate		29.7	%					29.5	%		17.5	%					18.8	%
INCOME FROM CONTINUING OPERATIONS		143.2			11.4			154.6			135.5			13.5			149.0			3.8	%
% of sales		8.5	%					9.1	%		8.3	%					9.1	%
Discontinued operations, net of tax:
Net loss		(1.0	)		1.0			—			(16.0	)		16.0			—
NET INCOME	$	142.2		$	12.4		$	154.6		$	119.5		$	29.5		$	149.0			3.8	%
% of sales		8.4	%					9.1	%		7.3	%					9.1	%
EARNINGS PER SHARE FROM CONTINUING OPERATIONS:
Basic	$	0.52		$	0.04		$	0.56		$	0.49		$	0.05		$	0.54
Diluted	$	0.51		$	0.04		$	0.55		$	0.49		$	0.05		$	0.54
LOSS PER SHARE FROM DISCONTINUED OPERATIONS:
Basic	$	(0.00	)	$	0.00		$	—		$	(0.06	)	$	0.06		$	—
Diluted	$	(0.00	)	$	0.00		$	—		$	(0.06	)	$	0.06		$	—
EARNINGS PER SHARE:
Basic	$	0.52		$	0.04		$	0.56		$	0.44		$	0.11		$	0.54
Diluted	$	0.51		$	0.04		$	0.55		$	0.43		$	0.10		$	0.54
Average shares outstanding:
Basic		276.0						276.0			274.6						274.6
Diluted		286.1						286.1			283.6						283.6

(1)	Charges excluded from “as reported” results for 2007 consist of $15.5 million of Project Acceleration restructuring costs and a $1.0 million net loss related to discontinued operations.
(2)	Charges excluded from “as reported” results for 2006 consist of $19.1 million of Project Acceleration restructuring costs and a $16.0 million net loss related to discontinued operations.

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)

Reconciliation of Results “As Reported” to Results “Excluding Charges”

	Six Months Ended June 30,
	2007									2006									YOY
	As Reported			Charges (1)			Excl. Charges			As Reported			Charges (2)			Excl. Charges			% Change
Net sales	$	3,077.5		$	—		$	3,077.5		$	2,976.7		$	—		$	2,976.7			3.4	%
Cost of products sold		1,997.2			—			1,997.2			1,981.6			—			1,981.6
GROSS MARGIN		1,080.3			—			1,080.3			995.1			—			995.1			8.6	%
% of sales		35.1	%					35.1	%		33.4	%					33.4	%
Selling, general & administrative expenses		695.7			—			695.7			655.4			—			655.4			6.1	%
% of sales		22.6	%					22.6	%		22.0	%					22.0	%
Restructuring costs		31.0			(31.0	)		—			28.2			(28.2	)		—
OPERATING INCOME		353.6			31.0			384.6			311.5			28.2			339.7			13.2	%
% of sales		11.5	%					12.5	%		10.5	%					11.4	%
Nonoperating expenses:
Interest expense, net		54.9			—			54.9			69.3			—			69.3
Other expense		2.3			—			2.3			4.3			—			4.3
		57.2			—			57.2			73.6			—			73.6			(22.3	)%
INCOME BEFORE INCOME TAXES		296.4			31.0			327.4			237.9			28.2			266.1			23.0	%
% of sales		9.6	%					10.6	%		8.0	%					8.9	%
Income taxes		88.1			6.7			94.8			(27.8	)		7.6			(20.2	)		(569.3	)%
Effective rate		29.7	%					29.0	%		(11.7	)%					(7.6	)%
INCOME FROM CONTINUING OPERATIONS		208.3			24.3			232.6			265.7			20.6			286.3			(18.8	)%
% of sales		6.8	%					7.6	%		8.9	%					9.6	%
Discontinued operations, net of tax:
Net loss		(16.8	)		16.8			—			(91.4	)		91.4			—
NET INCOME	$	191.5		$	41.1		$	232.6		$	174.3		$	112.0		$	286.3			(18.8	)%
% of sales		6.2	%					7.6	%		5.9	%					9.6	%
EARNINGS PER SHARE FROM CONTINUING OPERATIONS:
Basic	$	0.75		$	0.09		$	0.84		$	0.97		$	0.08		$	1.04
Diluted	$	0.75		$	0.09		$	0.84		$	0.96		$	0.07		$	1.04
LOSS PER SHARE FROM DISCONTINUED OPERATIONS:
Basic	$	(0.06	)	$	0.06		$	—		$	(0.33	)	$	0.33		$	—
Diluted	$	(0.06	)	$	0.06		$	—		$	(0.32	)	$	0.32		$	—
EARNINGS PER SHARE:
Basic	$	0.69		$	0.15		$	0.84		$	0.63		$	0.41		$	1.04
Diluted	$	0.69		$	0.15		$	0.84		$	0.64		$	0.40		$	1.04
Average shares outstanding:
Basic		275.9						275.9			274.5						274.5
Diluted		277.9						277.9			283.5						283.5

(1)	Charges excluded from “as reported” results for 2007 consist of $31.0 million of Project Acceleration restructuring costs and a $16.8 million net loss related to discontinued operations.
(2)	Charges excluded from “as reported” results for 2006 consist of $28.2 million of Project Acceleration restructuring costs and a $91.4 million net loss related to discontinued operations.

Newell Rubbermaid Inc.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	June 30,		June 30,
	2007		2006
Assets:
Cash and cash equivalents	$	162.8	$	116.3
Accounts receivable, net		1,215.3		1,157.5
Inventories, net		973.5		936.9
Deferred income taxes		96.5		131.8
Prepaid expenses and other		138.9		95.6
Current assets of discontinued operations		—		277.7
Total Current Assets		2,587.0		2,715.8
Property, plant and equipment, net		707.3		795.9
Goodwill		2,496.8		2,420.0
Other intangible assets, net		483.5		415.7
Other assets		229.0		188.3
Total Assets	$	6,503.6	$	6,535.7
Liabilities and Stockholders’ Equity:
Accounts payable	$	638.5	$	612.3
Accrued compensation		122.3		128.3
Other accrued liabilities		663.8		658.7
Income taxes payable		0.7		11.3
Notes payable		21.4		20.9
Current portion of long-term debt		2.2		408.6
Current liabilities of discontinued operations		—		113.5
Total Current Liabilities		1,448.9		1,953.6
Long-term debt		2,232.2		2,245.6
Other non-current liabilities		797.2		608.6
Stockholders’ Equity		2,025.3		1,727.9
Total Liabilities and Stockholders’ Equity	$	6,503.6	$	6,535.7

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)
(in millions)

	For The Six Months Ended June 30,
	2007			2006
Operating Activities:
Net income	$	191.5		$	174.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		92.4			99.3
Deferred income taxes		41.7			10.7
Impairment charges		—			50.9
Non-cash restructuring costs		6.4			26.3
(Gain)/Loss on sale of assets		(0.8	)		2.5
Stock-based compensation expense		18.5			15.4
Loss on disposal of discontinued operations		16.6			2.9
Other		(2.4	)		(6.7	)
Changes in current accounts, excluding the effects of acquisitions:
Accounts receivable		(79.9	)		(28.5	)
Inventories		(102.9	)		(127.4	)
Accounts payable		82.3			13.6
Accrued liabilities and other		(90.6	)		(150.4	)
Discontinued operations		—			9.2
Net cash provided by operating activities	$	172.8		$	92.1
Investing Activities:
Acquisitions, net of cash acquired	$	(49.5	)	$	(46.3	)
Capital expenditures		(69.0	)		(57.2	)
Disposals of non-current assets and sale of businesses		(2.8	)		40.2
Net cash used in investing activities	$	(121.3	)	$	(63.3	)
Financing Activities:
Proceeds from issuance of debt	$	353.4		$	167.2
Payments on notes payable and long-term debt		(345.0	)		(82.0	)
Cash dividends		(117.3	)		(116.4	)
Proceeds from exercised stock options and other		16.6			2.3
Net cash used in financing activities	$	(92.3	)	$	(28.9	)
Currency rate effect on cash and cash equivalents	$	2.6		$	0.9
(Decrease)/Increase in cash and cash equivalents	$	(38.2	)	$	0.8
Cash and cash equivalents at beginning of year		201.0			115.5
Cash and cash equivalents at end of period	$	162.8		$	116.3

Newell Rubbermaid Inc.
Calculation of Free Cash Flow (1)

	For The Three Months Ended June 30,
Free Cash Flow (in millions):	2007			2006
Net cash provided by operating activities	$	158.3		$	103.8
Capital expenditures		(36.4	)		(31.9	)
Free Cash Flow	$	121.9		$	71.9

	For The Six Months Ended June 30,
Free Cash Flow (in millions):	2007			2006
Net cash provided by operating activities	$	172.8		$	92.1
Capital expenditures		(69.0	)		(57.2	)
Free Cash Flow	$	103.8		$	34.9

(1) Free Cash Flow is defined as cash flow provided by operating activities less capital expenditures.

Newell Rubbermaid Inc.
Financial Worksheet
In Millions

	2007													2006
			Excluding Charges Reconciliation (1)													Excluding Charges Reconciliation (1)											Year-over-year changes
			Reported			Excluded		Ex Charges			Operating					Reported			Excluded		Ex Charges			Operating			Net Sales					Operating Income
	Net Sales		OI			Charges		OI			Margin			Net Sales		OI			Charges		OI			Margin			$		%			$			%
Q1:
Cleaning, Organization & Décor	$	457.4	$	57.2		$	—	$	57.2			12.5	%	$	449.7	$	38.4		$	—	$	38.4			8.5	%	$	7.7		1.7	%	$	18.8			49.0	%
Office Products		406.3		35.2			—		35.2			8.7	%		390.8		32.3			—		32.3			8.3	%		15.5		4.0	%		2.9			9.0	%
Tools & Hardware		293.9		34.2			—		34.2			11.6	%		276.8		33.1			—		33.1			12.0	%		17.1		6.2	%		1.1			3.3	%
Home & Family		226.8		30.4			—		30.4			13.4	%		225.3		32.7			—		32.7			14.5	%		1.5		0.7	%		(2.3	)		(7.0	)%
Restructuring Costs				(15.5	)		15.5		—								(9.1	)		9.1		—											—
Corporate				(20.7	)		—		(20.7	)							(17.6	)		—		(17.6	)										(3.1	)
Total	$	1,384.4	$	120.8		$	15.5	$	136.3			9.8	%	$	1,342.6	$	109.8		$	9.1	$	118.9			8.9	%	$	41.8		3.1	%	$	17.4			14.6	%

	2007													2006
			Excluding Charges Reconciliation (1)													Excluding Charges Reconciliation (1)											Year-over-year changes
			Reported			Excluded		Ex Charges			Operating					Reported			Excluded		Ex Charges			Operating			Net Sales						Operating Income
	Net Sales		OI			Charges		OI			Margin			Net Sales		OI			Charges		OI			Margin			$			%			$			%
Q2:
Cleaning, Organization & Décor	$	544.4	$	81.2		$	—	$	81.2			14.9	%	$	509.9	$	57.3		$	—	$	57.3			11.2	%	$	34.5			6.8	%	$	23.9			41.7	%
Office Products		587.5		109.0			—		109.0			18.6	%		579.1		99.9			—		99.9			17.3	%		8.4			1.5	%		9.1			9.1	%
Tools & Hardware		324.6		47.7			—		47.7			14.7	%		328.8		53.8			—		53.8			16.4	%		(4.2	)		(1.3	)%		(6.1	)		(11.3	)%
Home & Family		236.6		31.3			—		31.3			13.2	%		216.3		29.8			—		29.8			13.8	%		20.3			9.4	%		1.5			5.0	%
Restructuring Costs				(15.5	)		15.5		—								(19.1	)		19.1		—												—
Corporate				(20.9	)		—		(20.9	)							(20.0	)		—		(20.0	)											(0.9	)
Total	$	1,693.1	$	232.8		$	15.5	$	248.3			14.7	%	$	1,634.1	$	201.7		$	19.1	$	220.8			13.5	%	$	59.0			3.6	%	$	27.5			12.5	%

	2007													2006
			Excluding Charges Reconciliation (1)													Excluding Charges Reconciliation (1)											Year-over-year changes
			Reported			Excluded		Ex Charges			Operating					Reported			Excluded		Ex Charges			Operating			Net Sales					Operating Income
	Net Sales		OI			Charges		OI			Margin			Net Sales		OI			Charges		OI			Margin			$		%			$			%
YTD:
Cleaning, Organization & Décor	$	1,001.8	$	138.4		$	—	$	138.4			13.8	%	$	959.6	$	95.7		$	—	$	95.7			10.0	%	$	42.2		4.4	%	$	42.7			44.6	%
Office Products		993.8		144.2			—		144.2			14.5	%		969.9		132.2			—		132.2			13.6	%		23.9		2.5	%		12.0			9.1	%
Tools & Hardware		618.5		81.9			—		81.9			13.2	%		605.6		86.9			—		86.9			14.3	%		12.9		2.1	%		(5.0	)		(5.8	)%
Home & Family		463.4		61.7			—		61.7			13.3	%		441.6		62.5			—		62.5			14.2	%		21.8		4.9	%		(0.8	)		(1.3	)%
Restructuring Costs				(31.0	)		31.0		—								(28.2	)		28.2		—											—
Corporate				(41.6	)		—		(41.6	)							(37.6	)		—		(37.6	)										(4.0	)
Total	$	3,077.5	$	353.6		$	31.0	$	384.6			12.5	%	$	2,976.7	$	311.5		$	28.2	$	339.7			11.4	%	$	100.8		3.4	%	$	44.9			13.2	%

(1) Charges are related to restructuring.

Newell Rubbermaid Inc.
Three Months Ended June 30, 2007
In Millions

Currency Analysis

	2007							2006		Year-over-year Increase (Decrease)
	Sales as		Currency			Adjusted		Sales as		Excluding			Including			Currency
	Reported		Impact			Sales		Reported		Currency			Currency			Impact
By Segment
Cleaning, Organization & Décor	$	544.4	$	(2.4	)	$	542.0	$	509.9		6.3	%		6.8	%		0.5	%
Office Products		587.5		(12.2	)		575.3		579.1		(0.7	)%		1.5	%		2.1	%
Tools & Hardware		324.6		(6.4	)		318.2		328.8		(3.2	)%		(1.3	)%		1.9	%
Home & Family		236.6		(2.9	)		233.7		216.3		8.0	%		9.4	%		1.3	%
Total Company	$	1,693.1	$	(23.9	)	$	1,669.2	$	1,634.1		2.1	%		3.6	%		1.5	%
By Geography
United States	$	1,236.3	$	—		$	1,236.3	$	1,216.7		1.6	%		1.6	%		0.0	%
Canada		112.7		(2.2	)		110.5		105.7		4.5	%		6.6	%		2.1	%
North America		1,349.0		(2.2	)		1,346.8		1,322.4		1.8	%		2.0	%		0.2	%
Europe		221.4		(15.7	)		205.7		207.2		(0.7	)%		6.9	%		7.6	%
Central & South America		68.1		(2.9	)		65.2		59.6		9.4	%		14.3	%		4.9	%
All Other		54.6		(3.1	)		51.5		44.9		14.7	%		21.6	%		6.9	%
Total Company	$	1,693.1	$	(23.9	)	$	1,669.2	$	1,634.1		2.1	%		3.6	%		1.5	%

Newell Rubbermaid Inc.
Six Months Ended June 30, 2007
In Millions

Currency Analysis

	2007							2006		Year-over-year Increase
	Sales as		Currency			Adjusted		Sales as		Excluding			Including			Currency
	Reported		Impact			Sales		Reported		Currency			Currency			Impact
By Segment
Cleaning, Organization & Décor	$	1,001.8	$	(2.8	)	$	999.0	$	959.6		4.1	%		4.4	%		0.3	%
Office Products		993.8		(22.3	)		971.5		969.9		0.2	%		2.5	%		2.3	%
Tools & Hardware		618.5		(11.3	)		607.2		605.6		0.3	%		2.1	%		1.9	%
Home & Family		463.4		(6.1	)		457.3		441.6		3.6	%		4.9	%		1.4	%
Total Company	$	3,077.5	$	(42.5	)	$	3,035.0	$	2,976.7		2.0	%		3.4	%		1.4	%
By Geography
United States	$	2,256.2	$	—		$	2,256.2	$	2,231.7		1.1	%		1.1	%		0.0	%
Canada		191.8		(1.1	)		190.7		183.4		4.0	%		4.6	%		0.6	%
North America		2,448.0		(1.1	)		2,446.9		2,415.1		1.3	%		1.4	%		0.0	%
Europe		413.9		(34.1	)		379.8		369.6		2.8	%		12.0	%		9.2	%
Central & South America		116.7		(2.4	)		114.3		106.6		7.2	%		9.5	%		2.3	%
All Other		98.9		(4.9	)		94.0		85.4		10.1	%		15.8	%		5.7	%
Total Company	$	3,077.5	$	(42.5	)	$	3,035.0	$	2,976.7		2.0	%		3.4	%		1.4	%

Q2 2007 Earnings Call Presentation July 26, 2007

Forward Looking Statements The statements in this presentation that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of Project Acceleration, sales, income/(loss), earnings per share, operating income or gross margin improvements, capital and other expenditures, cash flow, dividends, restructuring costs, costs and cost savings, debt ratings, and management’s plans, projections and objectives for future operations and performance. These statements are accompanied by words such as “expect,” “project,” “will,” “believes,” “estimate” and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail economies; competition with other manufacturers and distributors of consumer products; major retailers’ strong bargaining power; changes in the prices of raw materials; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; our ability to implement successfully information technology solutions throughout our organization; our ability to improve productivity and streamline operations; the risks inherent in our foreign operations and those factors listed in the company’s first quarter 2007 Form 10-Q, including Exhibit 99.1 thereto, filed with the Securities and Exchange Commission. 2

Q2 2007 Transformation Progress » Formed Office Technology Business Unit to support the development of innovative and integrated solutions for small and medium sized businesses » Project Acceleration savings and timing remain on track and will be completed in 2009 » Building long term consumer driven branding and marketing capabilities supported by the newly created role of Senior Vice President of Marketing and Brand Management 3

Q2 2007 Financial Summary » Net sales growth of 3.6% led by improvements in the Home & Family and Cleaning, Organization and Décor segments » Expanded gross margins to 35.8%, a 130 basis point improvement over the prior year » Continued our investment in demand creation initiatives in an effort to stimulate future sales growth and income » Improved operating income, excluding Project Acceleration charges, by $28 million or 12.5% » Increased “Normalized” EPS by $0.09 or about 20% 4

EPS Walk: Previous Guidance and Prior Year to Q207 Previous Guidance to Q207 Actual [ 1 ] Q206 Actual to Q207 Actual [ 1 ] Mid Point of Range [ 2 ] $0.51 2006 Actual $0.54 Operating Improvement $0.01 Tax Benefit ($0.08) SG&A: 2006 “Normalized” EPS $0.46 Structural Cost Savings & Timing $0.03 Operating Improvement $0.07 Interest, Taxes and Other $0.02 2007 Actual $0.55 2007 Actual $0.55 [ 1 ] Reconciliation excludes Project Acceleration restructuring costs [ 2 ] Reflects the mid point of the range communicated in the Q1 2007 Earnings Press Release 5

Front Half/Back Half Front Half Actual Back Half Guidance Internal Sales Growth +3.4% +4 to +6% Gross Margin Expansion + 170 bps +125 to +175 bps SG&A Investment Increase +$40 million +$55M to +$65M EPS [1] $0.84 $0.89 — $0.94 “Normalized” EPS [1] $0.83 $0.89 — $0.94 [ 1 ] Excludes Project Acceleration restructuring costs 6

EPS Reconciliation: Q3 2007 Earnings Per Share Estimate 2006 Actual [ 1 ] 2007 Estimate [ 1 ] Continuing EPS $0.46 Continuing EPS — Mid Point $0.44 Tax Benefit ($0.05) 2006 “Normalized” EPS $0.41 Continuing EPS — Mid Point [ 2 ] $0.44 Quarter over Quarter % EPS Improvement 7% [ 1 ] Excludes Project Acceleration restructuring costs [ 2 ] Reflects the mid point of the range communicated in the Q2 2007 Earnings Press Release 7

EPS Walk: Previous Guidance and Prior Year to FY 2007 Previous Guidance to Current [ 1 ] 2006 Actual to 2007 Estimate [ 1 ] Mid Point of EPS Range [ 2 ] $1.76 2006 Actual $1.88 Operating Improvement $0.23 Tax Benefit ($0.35) Mid Point of EPS Range [ 3 ] $1.76 Mid Point of EPS Range [ 3 ] $1.76 [ 1 ] Excludes Project Acceleration restructuring costs [ 2 ] Reflects the mid point of the range communicated in the Q1 2007 Earnings Press Release [ 3 ] Reflects the mid point of the range communicated in the Q2 2007 Earnings Press Release 8

Q3 2007 Guidance Internal Sales Growth +5 to +7% Gross Margin Expansion +75 to +125 bps SG&A Investment Increase Between $35 and $45 million Earnings Per Share [ 1 ] $0.43 — $0.45 [ 1 ] Excludes Project Acceleration restructuring costs 9

FY 2007 Guidance Internal Sales Growth +3 to +5% Gross Margin Expansion +150 to +200 bps SG&A Investment Increase ~ 60% of Gross Margin Expansion Earnings Per Share [ 1 ] $1.73 — $1.78 “Normalized” EPS [ 1 ], [ 2 ] $1.72 — $1.77 [ 1 ] Excludes Project Acceleration restructuring costs [ 2 ] Excludes Q1 2007 tax benefit of $0.01 per share 10

Appendix

Reconciliation: Q206 and Q207 “Normalized” EPS Q2 2006 Q2 2007 Diluted earnings per share from continuing operations (as reported) $0.49 $0.51 Restructuring costs $0.05 $0.04 Continuing EPS $0.54 $0.55 Tax benefit ($0.08) $0.00 “Normalized” EPS $0.46 $0.55 % Improvement 20% 12

Reconciliation: 1’H06 and 1’H07 “Normalized” EPS Front Half 2006 Front Half 2007 Diluted earnings per share from continuing operations (as reported) $0.96 $0.75 Restructuring costs $0.08 $0.09 Continuing EPS $1.04 $0.84 Tax benefit ($0.36) ($0.01) “Normalized” EPS $0.68 $0.83 % Improvement 22% 13

Reconciliation: Q306 and Q307 “Normalized” EPS Q3 2006 Q3 2007 [1] Diluted earnings per share from continuing operations (as reported) $0.41 $0.31 — $0.33 Restructuring costs $0.05 $0.09 — $0.15 Continuing EPS $0.46 $0.43 — $0.45 Tax benefit ($0.05) $0.00 “Normalized” EPS $0.41 $0.43 — $0.45 % Improvement 5% to 10% [ 1 ] Reflects the range communicated in the Q2 2007 Earnings Press Release 14

Reconciliation: 2’H06 and 2’H07 “Normalized” EPS Back Half 2006 Back Half 2007 Diluted earnings per share from continuing operations (as reported) $0.75 $0.64 — $0.69 Restructuring costs $0.09 $0.21 — $0.30 Continuing EPS $0.84 $0.89 — $0.94 Tax benefit $0.00 $0.00 “Normalized” EPS $0.84 $0.89 — $0.94 % Improvement 6% to 12% 15

Reconciliation: FY 2006 and 2007 “Normalized” EPS FY 2006 FY 2007 [1] Diluted earnings per share from continuing operations (as reported) $1.71 $1.39 — $1.44 Restructuring costs $0.17 $0.30 - $0.39 Continuing EPS $1.88 $1.73 — $1.78 Tax benefit ($0.36) ($0.01) “Normalized” EPS $1.52 $1.72 - $1.77 % Improvement 13% to 16% [ 1 ] Reflects the range communicated in the Q2 2007 Earnings Press Release 16