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Tempur-Pedic Announces Secondary Offering Priced at $18.96 Per Share

Offering Increased from 10,000,000 Shares to 13,000,000 Shares

LEXINGTON, Ky., Nov. 18 /PRNewswire-FirstCall/ -- Tempur-Pedic International Inc. (NYSE: TPX) announced today that the secondary public offering of shares of its common stock was priced at $18.96 per share. In addition, the size of the offering was increased to 13,000,000 shares, for a total gross proceeds of $246,480,000. All 13,000,000 shares will be offered by certain selling stockholders. The underwriters will also have an option to purchase up to an additional 1,950,000 shares from the selling stockholders. The Company will not be selling any shares in the offering. The offering is expected to close on November 23, 2004.

Lehman Brothers Inc. and Goldman, Sachs & Co. are joint book-running managers on the offering. A copy of the prospectus relating to the offering may be obtained at or from Lehman Brothers' prospectus department at 745 Seventh Avenue, New York, New York 10019, or by phone at (212) 526- 7000, and from Goldman, Sachs & Co. at Prospectus Department, 85 Broad St., New York, NY 10004, or by phone at (212) 902-1171. UBS Securities LLC is a co- manager of this offering along with Piper Jaffray & Co. and Adams Harkness, Inc.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on November 17, 2004. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About the Company

Tempur-Pedic International Inc. (NYSE: TPX) manufactures and distributes premium mattresses and pillows made from its proprietary Tempur(R) pressure relieving material, a visco-elastic material that conforms to the body to provide support and help alleviate pressure points. Products are currently sold in 60 countries under the Tempur(R) and Tempur-Pedic(R) brand names. World headquarters for Tempur-Pedic International are in Lexington, KY.

For more information, contact Dale E. Williams of Tempur-Pedic International Inc., 1-800-805-3635, or

SOURCE Tempur-Pedic International Inc.

CONTACT: Dale E. Williams of Tempur-Pedic International Inc., +1-800- 805-3635, or