Maytag can and should accelerate the process with a view toward bringing the process and its damaging consequences to a rapid conclusion
Triton Acquisition Holding Co.

Maytag Corporation issued a press release on June 20, 2005, announcing that it had received a preliminary non-binding proposal from Bain Capital Partners LLC, Blackstone Capital Partners IV L.P. and Haier America Trading, L.L.C. to acquire, subject to certain conditions, all outstanding shares of the Company for $16 per share in cash.

Triton Acquisition Holding Co. (an entity organized by an investor group led by Ripplewood Holdings LLC) has subsequently advised Maytag orally that Maytag's continued furnishing of information to and discussions with Bain, Blackstone and Haier America after 12:01 a.m. on June 18, 2005, gives Triton Acquisition Holding the right to terminate the Merger Agreement, dated as of May 19, 2005, among Triton Acquisition Holding, Triton Acquisition Co. and Maytag under Section 8.01(d)(ii) of the Merger Agreement and receive the $40 million termination fee described under Section 6.07(b) of the Merger Agreement. Triton Acquisition Holding also advised Maytag that Triton Acquisition Holding believes that the process Maytag is engaged in with respect to the Bain, Blackstone and Haier America proposal is resulting in disruption and uncertainty that is damaging to Triton Acquisition Holding and, in Triton Acquisition Holding's view, is likely to be damaging to Maytag. Triton Acquisition Holding further advised Maytag that Triton Acquisition Holding believes that the Company can and should accelerate the process with a view toward bringing the process and its damaging consequences to a rapid conclusion, and that Triton Acquisition Holding will continue to monitor the process while reserving all of its rights.

Maytag believes that the Merger Agreement gives the Company the right to furnish information to and engage in discussions with Bain, Blackstone and Haier America, and that doing so does not give Triton Acquisition Holding a termination right. Maytag also believes that the effects on Triton Acquisition Holding and Maytag referred to by Triton Acquisition Holding have not occurred. Maytag intends to pursue its process with Bain, Blackstone and Haier America as expeditiously as practicable consistent with the fiduciary duties of its Board of Directors.