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First Brands Shareholders Approve Merger with Clorox

28 January 1999

First Brands Shareholders Approve Merger with Clorox

    DANBURY, Conn., Jan. 28 -- Shareholders of First Brands
Corporation today approved the acquisition of First Brands by The
Clorox Company (NYSE: CLX; PE).  In excess of 72% of the total shares
outstanding voted, of which 99% were cast in favor of acquisition.  (Clorox
shareholders were not required to approve the proposed merger.)
    With the approval given today by shareholders of First Brands, the
acquisition is expected to be completed on January 29, 1999 at which time
holders of First Brands stock will become shareholders in The Clorox Company.
Each outstanding share of First Brands stock will be converted into a fraction
of a share of Clorox stock.  First Brands Corporation will become a wholly
owned subsidiary of Clorox.
    This exchange will be made automatically for those shareholders holding
their shares in brokerage accounts or various First Brands investment plans.
Those individuals holding shares in their own names will be contacted shortly
by First Chicago Trust Company of New York, the exchange agent for Clorox, and
advised how to exchange their shares.