I.A.M. Local Ratifies New Labor Contract With Maytag's Amana, Iowa, Facilities NEWTON, Iowa, Sept. 25 /PRNewswire-FirstCall/ -- Maytag Corporation (NYSE: MYG) announced today that Local 1526 of the International Association of Machinists and Aerospace Workers (I.A.M.) ratified a new three-year contract covering production and maintenance employees at Maytag's refrigeration manufacturing facilities in Amana, Iowa. (Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO ) The new contract was ratified by members at a meeting today. The previous contract was set to expire at 12:01 a.m. Sunday. "We are pleased to have reached this new labor agreement between the I.A.M. Local 1526 and Maytag," said Mark Krivoruchka, Maytag senior vice president, human resources. "This agreement demonstrates a willingness on the part of both parties to address the critical issues impacting our business to allow us to become more customer-responsive and competitive in the marketplace." Maytag Corporation is a leading home and commercial appliances company. Its products are sold to customers throughout North America and in international markets. The corporation's principal brands are Maytag(R), Hoover(R), Jenn-Air(R), Amana(R), Dixie-Narco(R) and Jade(R). Forward-Looking Statements Certain statements in this news release, including any discussion of management expectations for future periods, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the future results expressed or implied by those statements. For a description of such factors, refer to "Forward Looking Statements" in the Management's Discussion and Analysis section of Maytag's Annual Report on Form 10-K for the year ended January 3, 2004, and each quarter's 10-Q. Media Contact: Lynne Dragomier Maytag Corporate Communications (641) 787-7711 http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO http://photoarchive.ap.org/ DATASOURCE: Maytag Corporation CONTACT: Lynne Dragomier, Maytag Corporate Communications, +1-641-787-7711, Web site: http://www.maytagcorp.com/

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