GUARANTOR FINANCIAL INFORMATION

Products Corporation’s 5¾% Senior Notes are fully and unconditionally guaranteed on a senior basis by Products Corporation’s domestic subsidiaries (other than certain immaterial subsidiaries) that guarantee Products Corporation’s obligations under its 2011 Credit Agreements (the “Guarantor Subsidiaries”).

The following Condensed Consolidating Financial Statements present the financial information as of March 31, 2013 and December 31, 2012, and for the three months ended March 31, 2013 and 2012 for (i) Products Corporation on a stand-alone basis; (ii) the Guarantor Subsidiaries on a stand-alone basis; (iii) the subsidiaries of Products Corporation that do not guarantee Products Corporation’s 5¾% Senior Notes (the “Non-Guarantor Subsidiaries”) on a stand-alone basis; and (iv) Products Corporation, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis. The Condensed Consolidating Financial Statements are presented on the equity method, under which the investments in subsidiaries are recorded at cost and adjusted for the applicable share of the subsidiary’s cumulative results of operations, capital contributions, distributions and other equity changes. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.



Condensed Consolidating Balance Sheets
As of March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	78.1		$	0.2		$	42.5		$	—		$	120.8
Trade receivables, less allowances for doubtful accounts	85.8			15.0			85.1			—			185.9
Inventories	85.9			6.0			36.3			—			128.2
Deferred income taxes - current	38.8			—			10.6			—			49.4
Prepaid expenses and other	102.0			5.4			25.1			—			132.5
Intercompany receivables	962.7			536.1			415.1			(1,913.9		)	—
Investment in subsidiaries	(89.5		)	(174.0		)	—			263.5			—
Property, plant and equipment, net	88.3			0.6			11.4			—			100.3
Deferred income taxes - noncurrent	190.5			—			12.2			—			202.7
Goodwill	162.8			53.0			2.0			—			217.8
Intangible assets, net	19.8			41.3			6.5			—			67.6
Other assets	71.3			2.1			26.9			—			100.3
Total assets	$	1,796.5		$	485.7		$	673.7		$	(1,650.4	)	$	1,305.5
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	5.0		$	—		$	—		$	5.0
Current portion of long-term debt	—			—			—			—			—
Current portion of long-term debt – affiliates	48.6			—			—			—			48.6
Accounts payable	78.2			4.2			29.5			—			111.9
Accrued expenses and other	126.5			10.4			72.5			—			209.4
Intercompany payables	665.0			671.7			577.2			(1,913.9		)	—
Long-term debt	1,227.6			—			—			—			1,227.6
Other long-term liabilities	230.5			5.1			47.3			—			282.9
Total liabilities	2,376.4			696.4			726.5			(1,913.9		)	1,885.4
Stockholder’s deficiency	(579.9		)	(210.7		)	(52.8		)	263.5			(579.9		)
Total liabilities and stockholder’s deficiency	$	1,796.5		$	485.7		$	673.7		$	(1,650.4	)	$	1,305.5



Condensed Consolidating Balance Sheets
As of December 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	59.1		$	—		$	57.2		$	—		$	116.3
Trade receivables, less allowances for doubtful accounts	96.2			23.1			96.7			—			216.0
Inventories	74.1			6.1			34.5			—			114.7
Deferred income taxes - current	38.2			—			10.3			—			48.5
Prepaid expenses and other	92.1			4.7			23.7			—			120.5
Intercompany receivables	947.9			488.2			408.0			(1,844.1		)	—
Investment in subsidiaries	(94.6		)	(190.0		)	—			284.6			—
Property, plant and equipment, net	86.9			0.5			12.1			—			99.5
Deferred income taxes - noncurrent	189.9			—			13.2			—			203.1
Goodwill	150.6			65.2			2.0			—			217.8
Intangible assets, net	0.9			61.3			6.6			—			68.8
Other assets	63.5			3.5			25.5			—			92.5
Total assets	$	1,704.8		$	462.6		$	689.8		$	(1,559.5	)	$	1,297.7
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	5.0		$	—		$	—		$	5.0
Current portion of long-term debt	21.5			—			—			—			21.5
Current portion of long-term debt – affiliates	48.6			—			—			—			48.6
Accounts payable	62.2			5.1			34.5			—			101.8
Accrued expenses and other	155.7			13.8			95.2			—			264.7
Intercompany payables	614.6			650.7			578.8			(1,844.1		)	—
Long-term debt	1,145.8			—			—			—			1,145.8
Other long-term liabilities	233.1			6.2			47.7			—			287.0
Total liabilities	2,281.5			680.8			756.2			(1,844.1		)	1,874.4
Stockholder’s deficiency	(576.7		)	(218.2		)	(66.4		)	284.6			(576.7		)
Total liabilities and stockholder’s deficiency	$	1,704.8		$	462.6		$	689.8		$	(1,559.5	)	$	1,297.7



Condensed Consolidating Statements of Operations and Comprehensive (Loss) Income
For the Three Months Ended March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	227.2		$	21.6		$	127.2	$	(44.1	)	$	331.9
Cost of sales	100.9			9.7			50.4		(44.1		)	116.9
Gross profit	126.3			11.9			76.8		—			215.0
Selling, general and administrative expenses	104.6			11.0			49.3		—			164.9
Restructuring charges	—			0.2			—		—			0.2
Operating income	21.7			0.7			27.5		—			49.9
Other expenses, net:
Intercompany interest, net	0.3			(0.2		)	1.4		—			1.5
Interest expense	18.6			0.1			0.1		—			18.8
Amortization of debt issuance costs	0.8			—			—		—			0.8
Loss on early extinguishment of debt	27.9			—			—		—			27.9
Foreign currency losses (gains), net	2.7			(0.4		)	1.0		—			3.3
Miscellaneous, net	(26.5		)	12.7			13.9		—			0.1
Other expenses, net	23.8			12.2			16.4		—			52.4
(Loss) income from continuing operations before income taxes	(2.1		)	(11.5		)	11.1		—			(2.5		)
(Benefit from) provision for income taxes	(1.4		)	0.2			3.0		—			1.8
(Loss) income from continuing operations	(0.7		)	(11.7		)	8.1		—			(4.3		)
Equity in (loss) income of subsidiaries	(3.6		)	7.5			—		(3.9		)	—
Net (loss) income	$	(4.3	)	$	(4.2	)	$	8.1	$	(3.9	)	$	(4.3	)
Other comprehensive income	1.1			10.7			7.2		(17.9		)	1.1
Total comprehensive (loss) income	$	(3.2	)	$	6.5		$	15.3	$	(21.8	)	$	(3.2	)



Condensed Consolidating Statements of Operations and Comprehensive Income
For the Three Months Ended March 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	218.5		$	23.0		$	134.3	$	(45.1	)	$	330.7
Cost of sales	99.0			10.3			51.5		(45.1		)	115.7
Gross profit	119.5			12.7			82.8		—			215.0
Selling, general and administrative expenses	99.7			9.9			59.7		—			169.3
Operating income	19.8			2.8			23.1		—			45.7
Other expenses, net:
Intercompany interest, net	0.3			(0.2		)	1.5		—			1.6
Interest expense	19.8			0.1			0.1		—			20.0
Amortization of debt issuance costs	0.8			—			—		—			0.8
Foreign currency losses, net	0.5			0.3			0.9		—			1.7
Miscellaneous, net	(12.3		)	(1.0		)	13.5		—			0.2
Other expenses, net	9.1			(0.8		)	16.0		—			24.3
Income from continuing operations before income taxes	10.7			3.6			7.1		—			21.4
Provision for income taxes	7.8			0.5			3.1		—			11.4
Income from continuing operations	2.9			3.1			4.0		—			10.0
Equity in income of subsidiaries	7.1			0.5			—		(7.6		)	—
Net income	$	10.0		$	3.6		$	4.0	$	(7.6	)	$	10.0
Other comprehensive income	5.0			10.1			11.7		(21.8		)	5.0
Total comprehensive income	$	15.0		$	13.7		$	15.7	$	(29.4	)	$	15.0



Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(4.3	)	$	0.3		$	(12.9	)	$	—	$	(16.9	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(4.9		)	(0.4		)	(0.2		)	—		(5.5		)
Proceeds from the sale of certain assets	0.3			—			0.1			—		0.4
Net cash used in investing activities	(4.6		)	(0.4		)	(0.1		)	—		(5.1		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft	(0.7		)	0.3			0.6			—		0.2
Proceeds from the issuance of the 5¾% Senior Notes	500.0			—			—			—		500.0
Repayment of the 9¾% Senior Secured Notes	(330.0		)	—			—			—		(330.0		)
Repayment under the 2011 Term Loan Facility	(113.0		)	—			—			—		(113.0		)
Payment of financing costs	(27.9		)	—			—			—		(27.9		)
Other financing activities	(0.5		)	—			(0.1		)	—		(0.6		)
Net cash provided by financing activities	27.9			0.3			0.5			—		28.7
Effect of exchange rate changes on cash and cash equivalents	—			—			(2.2		)	—		(2.2		)
Net increase (decrease) in cash and cash equivalents	19.0			0.2			(14.7		)	—		4.5
Cash and cash equivalents at beginning of period	59.1			—			57.2			—		116.3
Cash and cash equivalents at end of period	$	78.1		$	0.2		$	42.5		$	—	$	120.8



Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities	$	(10.6	)	$	(0.8	)	$	(9.0	)	$	—	$	(20.4	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(3.0		)	—			(0.5		)	—		(3.5		)
Net cash used in investing activities	(3.0		)	—			(0.5		)	—		(3.5		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in short-term borrowings and overdraft	8.6			0.8			1.5			—		10.9
Repayment under the 2011 Term Loan Facility	(2.0		)	—			—			—		(2.0		)
Other financing activities	0.2			—			—			—		0.2
Net cash provided by financing activities	6.8			0.8			1.5			—		9.1
Effect of exchange rate changes on cash and cash equivalents	—			—			0.6			—		0.6
Net decrease in cash and cash equivalents	(6.8		)	—			(7.4		)	—		(14.2		)
Cash and cash equivalents at beginning of period	57.7			0.1			43.9			—		101.7
Cash and cash equivalents at end of period	$	50.9		$	0.1		$	36.5		$	—	$	87.5