Freedom Group Closing Bushmaster Plant

Freedom Group, Inc. announced today that it will close its
Bushmaster Firearms International manufacturing facility located in
Windham, Maine, effective March 31, 2011.

The Bushmaster brand and products remain key strategic assets
within the Freedom Group portfolio, the company said. It will
relocate manufacturing of all Bushmaster products currently
produced at Windham to other, existing Freedom Group Facilities.
The move will have no impact on customers or the existing supply
base, according to the company. It also noted that all affected
employees will be offered a comprehensive severance package,
including outplacement services.

John B. Blystone, Chairman of the Board of Directors, commented,
“We are continuing to adjust our operations in order to remain
competitive and to continue to grow. Given increasing costs and
pricing pressures affecting the entire firearms industry, this
action is clearly necessary and responsible.”