O U R V I S I O N WE WILL BE PROFITABLE. WE WILL CREATE LONG-TERM VALUE FOR SHAREHOLDERS. WE WILL PURSUE PROFITABLE GROWTH. WE WILL BE A SUPPLIER OF QUALITY PRODUCTS AND SERVICES. WE WILL BE A GREAT PLACE TO WORK. WE WILL BE A RESPONSIBLE CORPORATE CITIZEN.  TO OUR STAKEHOLDERS: HON INDUSTRIES Inc. (HNI) 414 East Third Street, P.O. Box 1109, Muscatine, IA 52761-0071 www.honi.com When our company is appreciated by its  members,  favored by its  customers,  supported by its  suppliers,  respected by  the public,  and admired by its  shareholders,  this Vision is fulfilled. We conduct our business in a way that sustains the well-being of society, our environment, and the economy in which  we live and work. We follow ethical and legal business practices. Our company supports our volunteer efforts and  provides charitable contributions so that we can actively participate in the civic, cultural, educational, environmental,  and governmental affairs of our society. We pursue a participative environment and support a culture that encourages and recognizes excellence, active  involvement, ongoing learning, and contributions of each member; that seeks out and values diversity; and that  attracts and retains the most capable people who work safely, are motivated, and are devoted to making our company  and our members successful. We pursue profitable growth on a global basis in order to provide continued job opportunities for members and finan- cial success for all stakeholders. We provide reliable products and services of high quality and brand value to our end-users. Our products and services  exceed our customers’ expectations and enable our distributors and our company to make a fair profit. We create long-term value for shareholders by earning financial returns significantly greater than our cost of capital and  pursuing profitable growth opportunities. We will safeguard our shareholders’ equity by maintaining a strong balance  sheet to allow flexibility in responding to a continuously changing market and business environment. We pursue mutually profitable relationships with customers and suppliers. Only when our company achieves an ade- quate profit can the other elements of this Vision be realized. Our success depends upon business simplification, rapid continuous improvement, and innovation in every- thing we do, individual and collective integrity, and the relentless pursuit of the following long-standing beliefs: We, the members of HON INDUSTRIES, are dedicated to creating long-term value for all of our stakeholders, to  exceeding our customers’ expectations, and to making our company a great place to work. We will always treat each  other, as well as customers, suppliers, shareholders, and our communities, with fairness and respect.