Brunswick Announces Stock Repurchase Authorization

LAKE FOREST, Ill., May 4, 2005 -- Brunswick Corporation today announced that its board of directors has authorized the discretionary repurchase of up to $200 million of the company's outstanding common stock. Based on market conditions, share repurchases will be made from time-to-time in the open market or through privately negotiated transactions.

"The success of our customer-led strategy, combined with our emphasis on operational excellence and financial discipline, have produced substantial and improving returns for our shareowners these past few years," said George W. Buckley, Brunswick chairman and chief executive officer. "The authorization for the repurchase of common stock reflects our confidence in Brunswick's future prospects. It also allows us another means for returning capital to shareholders over the coming years."

"For the foreseeable future, strategic acquisitions and developing new products will continue to be the thrust of our reinvestment of free cash flow," Buckley elaborated. "However, we will balance such opportunities with the repurchase of our stock, always with the objective of enhancing shareholder value."

About Brunswick

Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic controls; Northstar marine electronics; Navman marine and GPS-based products; IDS dealer management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine, Bermuda, Ornvik, Quicksilver, Savage and Uttern pleasure boats; Baja high-performance boats; Albemarle, Arvor, Boston Whaler, Palmetto, Sea Boss, Sea Pro and Trophy offshore fishing boats; Crestliner, Lowe, Lund and Princecraft aluminum fishing, deck and pontoon boats; Attwood marine parts and accessories; Land 'N' Sea marine parts and accessories distributor; Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For more information, visit http://www.brunswick.com/ .