NORTEK, INC. CALLS SENIOR FLOATING RATE NOTES DUE 2010 FOR REDEMPTION

PROVIDENCE, RI, August 27, 2004 - Nortek, Inc. ("Nortek"), a leading international designer, manufacturer and marketer of high-quality brand name building products, announced today that it has called for redemption all of its outstanding Senior Floating Rate Notes due 2010 ("Floating Rate Notes"). The redemption date will be September 1, 2004 (the "Redemption Date"). The redemption price for the Floating Rate Notes will be 103.00% of the principal amount thereof plus accrued and unpaid interest to, but not including, the Redemption Date. Interest will cease to accrue on the Redemption Date.

U.S. Bank National Association is the paying agent for the redemption.

Nortek Holdings* (the parent company of Nortek, Inc.) is a leading international manufacturer and distributor of high-quality, competitively priced building, remodeling and indoor environmental control products for the residential and commercial markets. Nortek Holdings offers a broad array of products for improving the environments where people live and work. Its products currently include: range hoods and other spot ventilation products; heating and air conditioning systems; indoor air quality systems; and specialty electronic products.

*As used herein, the term "Nortek Holdings" refers to Nortek Holdings, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Nortek Holdings' current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors impacting such forward-looking statements include the availability and cost of raw materials and purchased components, the level of construction and remodeling activity, changes in general economic conditions, the rate of sales growth, and product liability claims. Nortek Holdings undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information, please refer to the reports and filings of Nortek Holdings with the Securities and Exchange Commission.

 

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