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Information on Codman`s Agreement with Symmetry

Codman & Shurtleff, Inc., has entered into a definitive agreement with Specialty Surgical Instrumentation, Inc. (SSI), a wholly owned subsidiary of Symmetry Medical Inc. (Symmetry), by which Symmetry will acquire Codman’s instruments business, and market these products under the Symmetry name. This transaction is limited to Codman’s instruments portfolio, which includes reusable stainless steel and titanium surgical instruments and retractor systems, sterile disposable surgical products (vein strippers, SECTO dissectors, tonsil sponges and surgical marker pens), and sterilization containers. You can learn more about our agreement on SSI’s Website.

Codman is focused more than ever on advancing our neurosurgical, interventional neurovascular and neuromodulation business. The recent acquisition of Micrus Endovascular and our launch of the CODMAN® CERTAS™ Programmable Valve are good examples of the investments we are making. The instruments business spans many surgical specialties, and we expect this agreement with SSI to further focus Codman’s overall neuro device efforts.

The transaction will have no impact on any other Codman products. Codman will continue to sell products across our broad neuro device portfolio, which includes electrosurgery products, perforators, shunts/valves, pumps, neuro critical care and neurovascular products. We will continue to devote our resources to opportunities for growth within the neuro space. Explore this Website to learn more about our offerings.

The transaction with Symmetry is anticipated to be completed by the end of the year, after all closing conditions are met, including the clearance of necessary government and regulatory approvals. Please be assured that we are committed to facilitating a smooth transition for all of our instruments customers, and to maintaining continuity of our product supply, quality and service. For the time being, customers of the instruments business can expect to be served by current sales support contacts.

Questions about this announcement can be directed to your Codman sales representative or customer support staff by phone at (800) 225-0460 or by email: iservice@dpyus.jnj.com .

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