SUNBEAM COMPLETES RECORD YEAR FOR SALES, EARNINGS & GLOBAL EXPANSION DELRAY BEACH, FLORIDA JANUARY 28, 1998 - Sunbeam Corporation (NYSE:SOC) today announced record sales and earnings for its fourth quarter and full year 1997. Sales for the quarter were $338 million, reflecting a 30.6% increase over the prior year period on a comparable basis. Before the 1996 special charges taken by the Company to restructure and reposition Sunbeam, earnings per share (diluted) from continuing operations of $0.47 were $0.50 ahead of the loss of $0.03 reported in the fourth quarter last year. Including these charges earnings per share (diluted) rose $2.76 above the reported $2.29 loss reported in 1996. On a year to date, basis, revenue of $1.168 billion was 22.4% above 1996 on a comparable basis. Albert J. Dunlap, Sunbeam's Chairman and Chief Executive Officer, said "I am very proud of the dramatic turnaround that we have achieved at Sunbeam in such a short period of time as we continue to execute against our three year growth plans. Our continuous sales increases of 13%, 17%, 28% and 31% in the four quarters of 1997, for an overall sales increase of 22% for the year, are a clear indication that