Rexnord Corporation (NYSE:RXN) (“Rexnord”) announced today that it intends to offer for sale to the public 3,000,000 shares of its common stock. In addition, certain funds affiliated with Apollo Global Management, LLC (collectively with its subsidiaries, “Apollo”) (NYSE:APO), and George M. Sherman, Chairman of the Board of Directors of Rexnord, and certain of his affiliates (together with Apollo, the “Selling Stockholders”), intend to offer for resale to the public 11,000,000 shares of Rexnord’s common stock owned by them. Rexnord and the Selling Stockholders will also grant to the underwriters of the common stock offering an option to purchase up to an additional 450,000 shares of common stock from Rexnord and up to an additional 1,650,000 shares of common stock from the Selling Stockholders. Rexnord intends to use the net proceeds from the sale of shares by it in this offering for general corporate purposes. Rexnord will not receive any proceeds from the sale of the shares by the Selling Stockholders in this offering. The offering will be made under Rexnord’s registration statement, as filed with the Securities and Exchange Commission. Goldman, Sachs & Co., Baird and Credit Suisse are bookrunners for the offering, BofA Merrill Lynch, Barclays, BMO Capital Markets and Deutsche Bank Securities are also bookrunners and Apollo Global Securities is the co-manager. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, New York 10282, (866) 471-2536, Robert W. Baird & Co. Incorporated, Attn: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, (800) 792-2473, or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, New York 10010-3629, (800) 221-1037.