Prestige Brands Holdings, Inc. Completes Purchase of Debrox and Gly-Oxide from GSK Finalizing 17 Brand Transaction IRVINGTON, NY,--(BUSINESS WIRE)

Prestige Brands Holdings, Inc. Completes Purchase of Debrox

and Gly-Oxide from GSK Finalizing 17 Brand Transaction

IRVINGTON, NY,--(BUSINESS WIRE)--April

2, 2012--Prestige Brands Holdings, Inc. (NYSE-PBH) today announced that it has completed the purchase of the two remaining brands

of the seventeen brands it agreed to acquire from GlaxoSmithKline (GSK) on December 20, 2011. Friday's purchase of Debrox

ear wax remover and Gly-Oxide oral rinse completes the transaction.

The purchase of fifteen of the seventeen

brands Prestige agreed to acquire was completed on January 31, 2012 for $615 million. The subsequent purchase of the remaining

two brands finalizes the transaction, which called for Prestige to pay a total of $660 million in cash plus a customary post-closing

inventory adjustment under the original terms of the agreements.

Sawaya Segalas & Company, Inc. LLC

acted as exclusive financial advisor to Prestige Brands in these transactions.

Prestige Brands markets and distributes brand name over-the-counter

and household cleaning products throughout the U.S., Canada and certain international markets. The Company's core brands include

Chloraseptic sore throat treatments, Clear Eyes

eye care products, Compound W wart removers, The Doctor's

NightGuard dental protector, the Little Remedies

and PediaCare lines of pediatric over-the-counter products, Efferdent

denture care products, Luden's throat drops, Dramamine

motion sickness treatment, BC & Goody's headache powders, Fiber Choice and

Beano digestive aids, Debrox ear wax remover, and Comet

SOURCE: Prestige Brands Holdings, Inc.

Prestige Brands Holdings, Inc.

Dean Siegal (914) 524-6819