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Sep 23, 2010

CORRECTION -- Steelcase Reports Second Quarter Results -- Revenue and Earnings Exceed Expectations

GRAND RAPIDS, Mich., Sept. 23, 2010 (GLOBE NEWSWIRE) -- In a release distributed on September 22, 2010, by Steelcase (NYSE:SCS), please note that certain line items in the table "Year Over Year Organic Growth, Q2 YTD 2011 vs. Q2 YTD 2010" were incorrectly labeled. There are no changes to any of the numbers in the table. The corrected table follows.

Q2 YTD 2011 vs. Q2 YTD 2010        
 Steelcase Inc.       
Q2 YTD 2010 revenue, reported $ 1,123.8       
Dealer deconsolidations (27.0)       
Currency translation effect* (5.0)       
Adjusted Q2 YTD 2010 revenue 1,091.8       
Q2 YTD 2011 revenue, reported 1,141.6       
Organic growth $ $ 49.8       
Organic growth % 5%       
* Currency translation effect is the effect of translating prior quarter foreign currency revenues using the average exchange rate during the current quarter.
CONTACT:  Steelcase Inc.
          Investor Contact:
          Investor Relations
          Raj Mehan
            (616) 698-4734
          Media Contact:
          Public Relations
          Laura VanSlyke
            (616) 247-2747

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