Press Release Source: WD-40 Company

WD-40 Company Announces Goal for FY 2008
Monday October 13, 6:30 pm ET

SAN DIEGO, Oct. 13 /PRNewswire-FirstCall/ -- WD-40 Company (Nasdaq: WDFC) today announced its 5-year goal covering fiscal years 2004 through 2008. The Company's goal is to have grown sales by a compound annual growth rate between 6 and 8 percent and to grow net income by a compound annual growth rate between 8 and 11 percent. As previously announced, the Company's 2004 annual guidance is to achieve a 9.4 percent increase in net sales over fiscal year 2003 as well as earnings per share between $1.80 and $1.90.

"We will continue to focus on developing our existing brand portfolio and we will be inquisitive about opportunities to acquire new brands that meet our stringent criteria," said Garry O. Ridge, WD-40 Company president and CEO. "A new acquisition would have an added impact on these results."

For more information on these goals, investors can review details in the slide titled, "Plan On One Page" in its investor presentation posted on the Investor Relations website at www.wd40.com/ir/ .

WD-40 Company, with headquarters in San Diego, is a global consumer products company dedicated to building brand equities that are first or second choice in their respective categories. The company will leverage and build the brand fortress of WD-40 Company by developing and acquiring brands that deliver a unique high value to end users and that can be distributed across multiple trade channels in one or more areas of the world. WD-40 Company produces multi-purpose lubricants, WD-40®, and 3-IN-ONE®, the Lava® and Solvol® brands of heavy-duty hand cleaners, and household products 2000 Flushes®, X-14®, Carpet Fresh®, and Spot Shot®. WD-40 Company markets its products in more than 160 countries worldwide and recorded sales of $238.1 million in fiscal 2003. Additional information about WD-40 Company can be obtained online at www.wd40.com .

Except for the historical information contained herein, this news release contains forward-looking statements concerning WD-40 Company's outlook for sales, earnings, dividends and other financial results. These statements are based on an assessment of a variety of factors, contingencies and uncertainties considered relevant by WD-40 Company. Forward-looking statements involve risks and uncertainties, which cause actual results to differ materially from the forward-looking statements, including impacts of promotional programs, impacts of line extensions and the uncertainty of market conditions, both in the United States and internationally. The company's expectations, beliefs and projections are expressed in good faith and are believed by the company to have a reasonable basis, but there can be no assurance that the company's expectations, beliefs or projections will be achieved or accomplished.

The risks and uncertainties are detailed from time to time in reports filed by WD-40 Company with the SEC, including Forms 8-K, 10-Q, and 10-K, and readers are urged to carefully review these and other documents.