Mueller Industries, Inc. To Receive $10.5 Million in Settlement of Its Lawsuit Against Peter Berkman and Jeffrey Berkman

By Mueller Industries Inc., PRNE
Sunday, December 19, 2010

MEMPHIS, Tennessee, December 20, 2010 - Mueller Industries, Inc. (NYSE: MLI). Peter Berkman and Jeffrey Berkman
have agreed to pay Mueller Industries, Inc. $7.5 million in cash, an
additional $3 million within 5 years, and other monetary consideration whose
value is yet to be determined.

The lawsuit asserted various claims against the Berkmans, including
breach of fiduciary duty and breach of contract. In the action, Peter Berkman
personally asserted the Fifth Amendment privilege against self-incrimination,
contending that his testimony and production of documents in discovery may
expose him to criminal prosecution.

The counterclaims asserted by the Berkmans in the lawsuit are to be
dismissed with prejudice, and Mueller paid NOTHING to the Berkmans and
Homewerks (70% owned by Peter Berkman).

Mueller Industries, Inc. is a leading manufacturer of copper tube and
fittings; brass and copper alloy rod, bar and shapes; aluminum and brass
forgings; aluminum and copper impact extrusions; plastic fittings and valves;
refrigeration valves and fittings; and fabricated tubular products. Mueller's
operations are located throughout the United States and in Canada, Mexico,
Great Britain, and China. Mueller's business is importantly linked to (1) the
construction of new homes; (2) the improvement and reconditioning of existing
homes and structures; and (3) the commercial construction market which
includes office buildings, factories, hotels, hospitals, etc.


Statements in this release that are not strictly historical may be
"forward-looking" statements, which involve risks and uncertainties. These
include economic and currency conditions, continued availability of raw
materials and energy, market demand, pricing, competitive and technological
factors, and the availability of financing, among others, as set forth in the
Company's SEC filings. The words "outlook," "estimate," "project," "intend,"
"expect," "believe," "target," and similar expressions are intended to
identify forward-looking statements. The reader should not place undue
reliance on forward-looking statements, which speak only as of the date of
this report. The Company has no obligation to publicly update or revise any
forward-looking statements to reflect events after the date of this report.

Gary C. Wilkerson, +1-901-759-7457

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