|Hospira Convenes Its First Annual Meeting of Shareholders|
LAKE FOREST, Ill., May 9, 2005 — Hospira, Inc. (NYSE:HSP), one of the largest hospital products manufacturers in the United States, today convened its first Annual Meeting of Shareholders in Wilmington, Del. The agenda included shareholder votes on four proposals and a brief overview of the company.
"This meeting is the capstone of our first year as a public company," said Christopher B. Begley, chief executive officer, Hospira. "Our spin-off provided the ideal platform for us to unlock the potential of our organization, with 2004 results coming in stronger than initially expected. As we continue to establish our independent infrastructure, this year will be a critical period of execution, and we are confident that we have taken the right steps to advance our success."
A full description of the above matters was included in Hospira's proxy statement related to the meeting.
Private Securities Litigation Reform Act of 1995 --
Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Hospira cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect Hospira's operations and may cause actual results to be materially different from expectations include the risks and uncertainties set forth under the heading "Item 1 Business -- Risk Factors" in Hospira's Annual Report on Form 10-K for the year ended Dec. 31, 2004, filed with the Securities and Exchange Commission, which are incorporated by reference. Hospira undertakes no obligation to release publicly any revisions to forward-looking statements as the result of subsequent events or developments.