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"Brunswick completes Purchase of NAVMAN NZ LIMITED"
04/06/2004
LAKE FOREST, Ill.,June 2, 2004 - Brunswick Corporation (NYSE: BC)
announced todayit has purchased the remaining 30 percent of Navman NZLimited
stock that itdid not already own for total consideration of approximately US $33million (NZ $52 million), paid in equal amounts of cash and sharesof Brunswick common stock. Brunswick acquired 70 percent of thestock of Navman in June 2003.
"We areextremely pleased to have completed this transaction. It has alwaysbeen our intent to acquire the remaining stock of Navman as we arefervent believers in the company's abilities and potential,"explained Brunswick Chairman and Chief
ExecutiveOfficer George W. Buckley. "This belief has been reinforced duringthe past year as Navman's strong performance has given us anindication of what Brunswick and Navman can dotogether."

"Further, as webelieve the best is yet to come, we want to stay the course withNavman," Buckley continued. "New Zealand will remain Navman's home,with Peter
Maire and all ofNavman's experienced and accomplished management team remaining inplace. There also will be no changes for Navman's workforce, whichhas grown by about 25 percent, or 130 jobs, worldwide in the pastyear. More than half of that job growth has been in New Zealand,with the remainder in markets where Navman is expanding its globalpresence."

"TheBrunswick/Navman partnership has been very productive for bothcompanies," said T.J. Chung, president of Brunswick NewTechnologies, a unit of
Brunswick thatis comprised of Navman and several other companies. "Brunswick isfurther strengthened through Navman - its products, its people andits New Zealand
maritimeheritage, while Navman has benefited from Brunswick's resources andour commitment to our mutual success."

"Navman is thecore of Brunswick New Technologies, and among the fastest growingunits within Brunswick," Chung continued. "Indeed, Navman is thebackbone for BNT and an integral player for Brunswick primarily inthree arenas -- enhancing our overall marine electronicscapabilities, augmenting our efforts at advancing integration ofboat electronics, and offering opportunities for growth innon-marine applications such as the GPS, land navigation and fleetmanagement markets."

"When we firstjoined forces with Brunswick, we said it would be a case ofbusiness as usual for Navman, except that business would be faster,bigger and better," said Peter Maire, who founded Navman and willremain its president. "Navman will continue to introduce new GPStechnology-based products from New Zealand, while aggressivelyexpanding our presence around the world."
Maire will alsoincreasingly assume a broader role in Brunswick New Technologies,concentrating on both the strategic aspects of Navman as wellas
participating inkey strategy development and technology opportunities for BNT."This will allow all segments of Brunswick New Technologies tobenefit from Peter's vision, insights and expertise," Chungexplained.

AboutNavman
Established in1986, Navman is among New Zealand's leading companies and a worldleader in the design, manufacture and marketing of high-reliabilityGPS products for the marine, personal GPS, fleet management and OEMmarkets. Headquartered in Auckland, Navman also has facilities inChristchurch and Wellington as well as sales and distributionoffices in Australia, the United Kingdom and the UnitedStates.

AboutBNT
Brunswick NewTechnologies, a unit of Brunswick Corporation, is comprised ofNavman GPS-based products; Northstar Technologies marinenavigational systems; MotoTron engine control and vehiclenetworking systems; IDS dealer management systems; and WDI businessintegration engine Web solutions and services.
About BrunswickHeadquartered in Lake Forest, Ill., Brunswick Corporation endeavorsto instill "Genuine Ingenuity" ™ in all its leading consumerbrands, including Mercury and Mariner outboard engines; MercuryMerCruiser sterndrives and inboard engines; MotorGuide trollingmotors; Teignbridge propellers; MotoTron electronic controls;Northstar marine electronics; Navman GPS-based products; IDS dealermanagement systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian,Sealine, Bermuda, Ornvik, Savage and Uttern pleasure boats; Bajahigh-performance boats; Arvor, Boston Whaler and Trophy offshorefishing boats; Crestliner, Lowe, Lund and Princecraft aluminumfishing, deck and pontoon boats; Attwood marine parts andaccessories; Land 'N' Sea marine parts and accessories distributor;Life Fitness, Hammer Strength and ParaBody fitness equipment;Brunswick bowling centers, equipment and consumer products;Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey andfoosball tables. For more information, visit www.brunswick.com.
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