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Thursday, 10/02/2008 5:57:33 PM

Thursday, October 02, 2008 5:57:33 PM

Post# of 802
Press Release Source: Walter Industries, Inc.

Walter Industries, Inc. Announces Plan to Separate Financing Business; Increases Share Repurchase Program by $50.0 Million; Provides Business Update
Tuesday September 30, 5:56 pm ET
- Financing Business to Merge with Hanover Capital Mortgage Holdings Following Spin-Off -
- Company Updates Third and Fourth Quarter 2008 Expectations on Timing of Metallurgical Coal Production and Hurricane Impacts -
- Webcast of Conference Call Scheduled -

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