The Company has been informed by the subscription agent that subscription rights were exercised for approximately $173.0 million aggregate principal amount of 8% senior secured third lien convertible notes due 2016 (the "Notes"), which includes approximately $89.7 million by Sealy Holding LLC, the Company's majority shareholder, and approximately $21.1 million pursuant to guaranteed delivery procedures. The Company has also been informed by the subscription agent that approximately $136.5 million of Notes were requested pursuant to the exercise of rightsholders' oversubscription privilege, which includes approximately $89.7 million by Sealy Holding LLC and approximately $17.1 million pursuant to guaranteed delivery procedures. The approximately $4.1 million aggregate principal amount of Notes available pursuant to the oversubscriptions will be allocated among those who properly exercised their oversubscription privilege in accordance with the proration procedures described in the prospectus supplement for the rights offering for a total issuance by the Company of $177,132,000 aggregate principal amount of Notes. The final results and allocation will be publicly announced shortly after they are determined, which is expected to occur on Thursday, July 9, 2009. The closing of the rights offering and issuance of the Notes is expected to occur on Friday, July 10, 2009.

Citigroup Global Markets Inc. is the dealer manager for the rights offering. Additional information regarding the rights offering may be obtained from the Company's information agent, National City Bank, c/o The Colbent Corp., 161 Bay State Drive, Braintree, Massachusetts 02184, (800) 622-6757.

The Company has amended its June investor presentation that is posted on its website, to reflect its fiscal second quarter 2009 results and the closing of the rights offering.

About Sealy

Sealy is the largest bedding manufacturer in the world with sales of $1.5 billion in fiscal 2008. The Company manufactures and markets a broad range of mattresses and foundations under the Sealy(R), Sealy Posturepedic(R), Stearns & Foster(R), and Bassett(R) brands. Sealy operates 25 plants in North America, and has the largest market share and highest consumer awareness of any bedding brand on the continent. In the United States, Sealy sells its products to approximately 3,000 customers with more than 7,000 retail outlets. Sealy is also a leading supplier to the hospitality industry. For more information, please visit http://www.sealy.com/.

This document contains forward-looking statements within the meaning of the safe harbor provisions of the Securities Litigation Reform Act of 1995. Terms such as "expect," "believe," "continue," and "grow," as well as similar comments, are forward-looking in nature. Although the Company believes its growth plans are based upon reasonable assumptions, it can give no assurances that such expectations can be attained. Factors that could cause actual results to differ materially from the Company's expectations include: general business and economic conditions, competitive factors, raw materials purchasing, and fluctuations in demand. Please refer to the Company's Securities and Exchange Commission filings for further information.

Sealy Corporation

CONTACT: Mark D. Boehmer, VP & Treasurer, +1-336-862- 8705

Web Site: http://www.sealy.com/

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