American Standard Board Approves Three-for-One Stock Split, Pending Shareowner Approval

PISCATAWAY, N.J., Feb. 5, 2004 -- American Standard Companies Inc. today announced that its Board of Directors has approved a three-for-one split of its common stock in the form of a stock dividend. The split requires shareowner approval of an increase in the number of authorized shares.

A proposal to increase the number of authorized shares of common stock from 200 million to 560 million will be placed on the agenda of American Standard's annual meeting, which will be held on May 4, 2004. Shareowners will receive details of the proposal and voting instructions by early April in a mailing containing the company's annual report, proxy and notice of the annual meeting.

"Over the past five years, the price of American Standard's common stock has increased from the $30s to more than $100," said Fred Poses, chairman and chief executive officer. "We believe that this stock split will provide an opportunity for more investors to participate in the company's future, while enhancing the liquidity of our shares."

Comments in this news release contain certain forward-looking statements, which are based on management's good faith expectations and belief concerning future developments. Actual results may differ materially from these expectations as a result of many factors, relevant examples of which are set forth in the company's 2002 Annual Report on Form 10-K and in the "Management's Discussion and Analysis" section of the company's Quarterly Reports on Form 10-Q. American Standard does not undertake any obligation to update such forward-looking statements.

American Standard is a global manufacturer with market-leading positions in three businesses: air conditioning systems and services, sold under the Trane(R) and American Standard(R) brands for commercial, institutional and residential buildings; bath and kitchen products, sold under such brands as American Standard(R) and Ideal Standard(R); and vehicle control systems, including electronic braking and air suspension systems, sold under the WABCO(R) name to the world's leading manufacturers of heavy-duty trucks, buses, SUVs and luxury cars. The company employs approximately 60,000 people and has manufacturing operations in 29 countries. American Standard is included in the S&P 500.

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