SPC Bank of America Accelerated Return Note Linked TO The S&P 500 Index

Spectrum Brands, Inc., (NYSE: SPC) announced today that it will hold its annual shareholders' meeting on Tuesday, April 29, 2008 at 8:00 a.m. ET at the Westin Atlanta Perimeter North, located at 7 Concourse Parkway in Atlanta, GA. Shareholders of record as of March 15, 2008 will be entitled to vote at the meeting. A detailed description of matters to be discussed at the meeting will be included in a proxy statement to be filed with the Securities and Exchange Commission and mailed to shareholders shortly after the date hereof. About Spectrum Brands, Inc. Spectrum Brands is a global consumer products company and a leading supplier of batteries, portable lighting, lawn and garden products, household insect control, shaving and grooming products, personal care products and specialty pet supplies. Spectrum Brands' products are sold by the world's top 25 retailers and are available in more than one million stores in 120 countries around the world. Headquartered in Atlanta, Georgia, Spectrum Brands generated net sales of $2.0 billion in fiscal 2007 and has approximately 7,100 employees worldwide. The company's stock trades on the New York Stock Exchange under the symbol SPC.