Sealy Corporation Announces Pricing of Its Initial Public Offering

ARCHDALE, N.C. , April 6, 2006 — Sealy Corporation announced the pricing of its initial public offering of 28,000,000 shares of common stock at a price of $16.00 per share. This offering includes 8,000,000 shares sold by existing stockholders. The existing stockholders have granted the underwriters a 30-day option to purchase up to an additional 4,200,000 shares of common stock from them. Sealy will not receive any net proceeds from the sale of shares by existing stockholders, including any shares sold pursuant to the option. Following this offering, Sealy will remain majority- owned by an affiliate of Kohlberg Kravis Roberts & Co. L.P (KKR). The Sealy shares are scheduled to begin trading on the New York Stock Exchange on April 7, 2006 under the ticker symbol "ZZ".

Sealy will receive net proceeds of approximately $295.0 million, of which it intends to use approximately $86.7 million to repay the 10% senior subordinated pay-in-kind notes, and pay accrued interest and a related redemption premium, approximately $55.0 million to redeem a portion of the 8.25% senior subordinated notes due 2014 and pay accrued interest and a related redemption premium, $125.0 million to pay a special dividend to existing stockholders, approximately $17.3 million to pay a transaction- related bonus to members of management and $11.0 million to an affiliate of KKR in order to terminate future obligations under the management services agreement with such affiliate.

Citigroup Corporate and Investment Banking, Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Banc of America Securities LLC are serving as joint-book running managers of the offering. Wachovia Securities is serving as senior lead manager, Lehman Brothers is serving as lead manager, and SunTrust Robinson Humphrey and Ferris Baker Watts are co-managers of the offering. A final prospectus containing pricing information may be obtained at http://www.sealy.com/ or by contacting Citigroup Corporate and Investment Banking, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732; fax: 718-765-6734).

Sealy is the largest bedding manufacturer in the world with sales of $1,469 million in 2005. The Company manufactures and markets a broad range of mattresses and foundations under the Sealy (R), Sealy Posturepedic (R), Stearns & Foster (R), and Bassett (R) brands.

Web site: http://www.sealy.com/

CONTACT: Mark Boehmer of Sealy, +1-336-861-3603, mboehmer@sealy.com