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Textron Financial and Watkins Announce an Exclusive Relationship

Alpharetta, GA ― March 12, 2007 - Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, and Watkins Manufacturing Corporation (“Watkins”), a Masco Corporation (NYSE: MAS) company, announce the formation of an exclusive inventory financing program for Watkins dealers.

Under the new program, Textron Financial will provide Watkins dealers with dedicated lines of credit with highly competitive rates and terms. Watkins dealers will further benefit as a result of experienced personnel who will be working exclusively for Watkins dealers, simplified procedures, and a dealer-friendly online inventory management system. This special financing program is only available to Watkins dealers.

“We are very pleased to introduce this enhanced program to our dealers,” said Mike Dunn, vice president of sales and marketing at Watkins. “Our dealers know that we remain committed to continuous improvement and finding ways to help their businesses run more profitably, and I am certain that our dealers will find this new arrangement to be a tremendous benefit to their businesses.”

The new financing program offers a significant reduction in interest rate and fewer fees than previously available, along with dedicated credit lines to ensure adequate credit availability. Streamlined order and approval processes have been developed and dealers will be serviced by a team of seasoned professionals whose sole responsibility is to assist Watkins dealers. With this special arrangement, the possibility of developing special incentives and flooring offers—as well as programs for parts and accessories—will be explored as well.

Formerly handled on a non-exclusive basis from Textron Financial’s Golden Valley, Minnesota office, the new exclusive financing program is administered within a dedicated unit of Textron Financial located in Alpharetta, Georgia. “We are happy to build on the long-standing relationship that existed between Watkins and Textron Financial” said Scott Raymond, senior vice president and general manager of the Textron Financial Private Brands Division. “The Private Brands Division is looking forward to continuing and building upon the relationship Watkins dealers have with Textron Financial.”

About Watkins Manufacturing Corporation
Established in 1977, Watkins Manufacturing has a worldwide dealer network of over 1,000 sales and service centers in all 50 states, Canada, and 60 other countries. Brands include Hot Spring®, Tiger River®, Hot Spot®, Solana®, and Caldera® spas. Watkins is a division of Masco Corporation, a Fortune 500 company whose quality products include Delta® faucets, Baldwin® hardware, Merrillat® cabinets and many more. Additional information about the company is available at www.hotspring.com and at www.calderaspas.com.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $10 billion in managed receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.com.

About Textron Inc.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.