Zimmer Holdings Responds to BusinessWeek Article

Zimmer Holdings Responds to BusinessWeek Article
May 20, 2005
WARSAW, Ind., /PRNewswire-FirstCall via COMTEX/ -- Zimmer Holdings, Inc. (NYSE: ZMH; SWX: ZMH), a leader in the orthopaedics industry, today issued a response to the BusinessWeek article "A Test of Zimmer's Agility," that appears in the magazine's edition dated May 30, 2005. The Company said that although it is gratified to have been named to the magazine's list of Top 50 performers, it believes that the article paints a distorted picture of important matters affecting the Company, particularly the pending Department of Justice investigation of Zimmer and other major orthopaedic companies.
"Certain comments attributed to me in this article were neither stated nor implied," said Ray Elliott, Zimmer Chairman, President and CEO. "We take the pending investigation very seriously, and to suggest otherwise is a mischaracterization. The investigation was only recently initiated and we cannot provide any assurance about the eventual outcome. Our policy is that we do not comment on either the conduct of the investigation or our beliefs about the possible results. Zimmer intends to continue to fully cooperate with the authorities in this matter and we will make our disclosures at appropriate times and in a responsible manner."
About the Company
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer is the worldwide #1 pure-play orthopaedic leader in designing, developing, manufacturing and marketing reconstructive and spinal implants, trauma and related orthopaedic surgical products. Zimmer has operations in more than 24 countries around the world and sells products in more than 100 countries. Zimmer's 2004 sales were approximately $3 billion. The Company is supported by the efforts of more than 6,500 employees worldwide.