Theodore Torbeck Chief Executive Officer

January 05 2009

Madison, N.C. – Remington Arms Company and its parent, Freedom Group, Inc. (FGI) are proud to announce that the board of directors has named Theodore (Ted) Torbeck as their Chief Executive Officer and he will be a director for both entities. Ted joined Remington as its Chief Operating Officer in February, 2008, and has been instrumental in improving product quality, overall productivity and product development. Ted replaces, Thomas (Tommy) Millner, who has decided to take on a new challenge as the CEO and President of Cabela’s Incorporated (NYSE: CAB). “We want to take this opportunity to thank Tommy for his many years of leadership of the Remington Arms Company and for his hard work to establish the Freedom Group, Inc. We have benefited from his leadership and his knowledge of the outdoor industry and its products,” stated Paul A. Miller, Chairman of Freedom Group, Inc. “We are excited about having Ted Torbeck as the CEO of FGI. His experience is invaluable as we continue to grow our business and expand into new markets while maintaining our commitments to operational excellence, quality and our customers."

Prior to his employment with Remington, Ted Torbeck had been an employee of General Electric Company since 1978, serving in various positions, including the Vice President Operations of GE Industrial from 2006 to 2008, President and CEO of GE Rail Services from 2003 to 2006, and Vice President and General Manager – Global Supply Chain of GE Aircraft Engines from 2000 to 2003. “I am excited about the opportunity of leading this amazing group of companies and its dedicated employees. The industry faces many challenges and our enterprise is poised to address them and continue to meet and exceed our customers’ expectations,” stated Ted Torbeck, FGI CEO. “I also want to thank Tommy for his leadership and his friendship. Cabela’s is lucky to have Tommy and we look forward to working with Tommy in his new role.”

About Freedom Group, Inc.

Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, Bushmaster, DPMS/Panther Arms, EOTAC, and INTC.