Executive Offices
Six Concourse Parkway
Suite 3300
Atlanta, GA 30328
(770) 829-6200

Transfer Agent/Shareholder Services
Mellon Investor Services LLC is the transfer agent for the Company’s common stock and is responsible for maintaining shareholder account records. Inquiries regarding account records, lost certificates, address changes or other related issues should be directed to:

Mellon Investor Services LLC
85 Challenger Road
Ridgefield Park, NJ 07660
(800) 851-9677
www.melloninvestor.com

Certifications
On August 19, 2004, in accordance with Section 303A.12 of the Listed Company Manual, our Chief Executive Officer certified to the New York Stock Exchange that he was not aware of any violation by the Company of NYSE corporate governance listing standards as of such date. In addition, on December 14, 2004, our Chief Executive Officer and Chief Financial Officer each filed a certification under Section 302 of the Sarbanes-Oxley Act relating to the quality of the Company’s public disclosure as exhibits to the Company’s Annual Report on Form 10-K for fiscal year 2004.

Stock Exchange Listing
Rayovac’s common stock is listed on the New York Stock Exchange under the symbol “ROV.” The following table sets forth the reported high and low prices per share of the common stock as reported on the New York Stock Exchange composite transactions reporting system for the periods indicated:

Fiscal 2004

   High

   Low

Quarter ended September 30, 2004      $30.95   $22.63
Quarter ended June 27, 2004      $30.30   $23.75
Quarter ended March 28, 2004      $27.80   $20.00
Quarter ended December 28, 2003      $21.77   $14.38

Fiscal 2003
Quarter ended September 30, 2003    $15.75    $12.68
Quarter ended June 29, 2003    $13.84    $9.93
Quarter ended March 30, 2003    $14.49    $10.50
Quarter ended December 29, 2002    $16.28    $11.20

We have not declared or paid and do not anticipate paying cash dividends in the foreseeable future, but intend to retain any future earnings for reinvestment in our business. In addition, the terms of our credit facility restrict our ability to pay dividends to our shareholders.

Investor Relations
Inquiries from securities analysts and others seeking financial information should be directed to Nancy O’Donnell, Vice President of Investor Relations, at (770) 829-6200, or at investorrelations@rayovac.com.

Additional Information
Shareholders and others will find the Company’s financial information, news releases and other information on the Investor Relations section of the Company’s website at www.rayovac.com. There is a direct link from the website to the Company’s filings with the Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K. Investors may also request information about Rayovac and printed copies of documents released by the Company at investorrelations@rayovac.com.

Forward-Looking Statements
This annual report contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially. These risks and uncertainties are detailed in the “Management’s Discussion and Analysis” section in the Company’s Annual Report on Form 10-K for the year ended September 30, 2004, and other filings with the Securities and Exchange Commission.

Board of Directors

David A. JonesChairman and Chief Executive Officer
Kent J. HusseyPresident and Chief Operating Officer
Thomas R. ShepherdChairman, TSG Equity Partners, LLC (presiding director, chairperson of the compensation committee)
John S. LupoPrincipal in the consulting firm Renaissance Partners, LLC, former Executive Vice President, Sales and Marketing, Bassett Furniture Industries, Inc. (member of the compensation committee and the nominating and corporate governance committee)
Barbara S. ThomasFormer interim CEO, Ocean Spray Company, former President, Warner-Lambert Consumer Healthcare (chairperson of the nominating and corporate governance committee and member of the audit committee)
William P. CarmichaelFormer Senior Managing Director, Succession Fund, former Senior Vice President of Sara Lee Corporation (chairperson of the audit committee)
Neil P. DeFeoPresident and Chief Executive Officer of Playtex Products, Inc., former Chairman and CEO of Remington Products, LLC
John D. BowlinFormer President and Chief Executive Officer of Miller Brewing Company (member of the audit committee and the nominating and corporate governance committee)

Executive Officers

David A. JonesChairman and Chief Executive Officer
Kent J. HusseyPresident and Chief Operating Officer
Randall J. StewardExecutive Vice President and Chief Financial Officer
Kenneth V. BillerExecutive Vice President—Operations
Rémy E. BurelPresident—Europe/ROW
Luis A. CancioPresident—Latin America
Lester C. LeePresident—North America
Paul G. CheesemanSenior Vice President—Product Development